NEW FOUND GOLD CORP.

VANCOUVER, BC , April 15, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased provide an overview of, and plans for, the Queensway Gold Project ("Queensway" or the "Project") and has filed the technical report for the initial mineral resource estimate ("MRE") for the Project (the "Technical Report"). Queensway Highlights: Tier 1 Jurisdiction: Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce Initial Mineral Resource Estimate: 70% of the initial MRE ounces are in the indicated category 18.0 Mt1 grading 2.40 g/t Au2, for 1.39 Moz3 (indicated) 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz (inferred) High-Grade Veins Exposed at Surface: 73% of the ounces are contained in 24% of the tonnage (indicated) within the Mineral Resource pit shells The opportunity for high-grade starter pits is being investigated as part of the preliminary economic assessment ("PEA") currently underway and scheduled for release in late Q2/25 Planning to commence bulk sampling H1/26 Versatile Deposit: The Mineral Resources are defined within a series of open pits, which creates flexibility with respect to mine planning, grade sequencing and tailings deposition strategies The potential to leverage in-pit tailings storage is being investigated as part of the PEA Project Growth: Infill: the initial MRE has potential for expansion between and within the initial MRE pit shells  Expansion: recently announced high-grade gold intersections beyond the initial MRE footprint demonstrates that gold mineralization remains open for expansion both along strike and at depth; past drilling focussed within 200 m of surface in a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization Keith Boyle, CEO of New Found Gold commented: "New Found Gold has begun a new chapter, with an initial mineral resource completed in Q1/25 and a preliminary economic assessment scheduled for completion in late Q2/25.» Mehr auf prnewswire.com

New Found Gold Corp revealed a strong MRE report which sent the stock down over 30%, creating a buying opportunity. The Queensway project has arguably high economic viability and feasibility due to an attractive location and soaring gold prices. I view NFGC as a cheap call option for speculators and risk-tolerant investors to get exposure to gold.» Mehr auf seekingalpha.com

VANCOUVER, BC , April 14, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the sale of non-convertible senior secured notes of Maritime Resources Corp. ("Maritime"; the "Notes") held by the Company for gross proceeds of US$2,000,000 (approximately CAD$2,778,000). Keith Boyle, CEO of New Found Gold, commented "We have recently announced the completion of a robust initial mineral resource estimate on our 100% owned Queensway Gold Project ("Queensway").» Mehr auf prnewswire.com