Golden Opportunities
Ahead

Advancing the Queensway Gold Project

650,000m drill
campaign underway
~ $14 million in
cash and marketable securities*
Supportive Large
Strategic Shareholders

*As of March 2025.

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    About Us

    New Found Gold Corp.

    New Found Gold holds a 100% interest in Queensway in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. With over 600,000 metres of drilling completed since 2020, the Company has outlined multiple near-surface, high-grade gold discoveries over a 22 km strike extent. Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare Project that covers a 110 km strike extent along two prospective fault zones.

    Key Advancements

    • The Company has completed an initial mineral resource estimate and commissioned a preliminary economic assessment, which is scheduled for completion in late Q2/25.
    • Doubled vertical depth extent of Au system with deep drilling.
    • Keats Main and Iceberg Zones uncovered through trenching with channel sampling completed at Keats and planned for Iceberg in Q2/25.
    • Positive metallurgical test results for Keats, Iceberg, Lotto and Golden Joint.

    Upcoming Milestones

    • Technical Report: A Technical Report in support of the MRE will be filed on the Company's website and SEDAR+ within 45 days of the news release (dated March 24, 2025).
    • Drilling: The Company is currently finalizing plans for its 2025 drill program, which will include step-out and infill drilling, target delineation and exploratory drilling.
    • Metallurgical Testwork: Additional testwork is underway to support a PEA.
    • PEA: A PEA, which is also being prepared by SLR, is planned for release in late Q2/25.
    • Permitting and Environmental Baseline Studies: Work is ongoing to support economic studies and future development.

    ~ $14 million in cash and marketable securities*

    New Found is well funded to pursue its exploration programs.

    *As of April 2025.

    Drilling Highlights

    High-Grade
    Interval
    Zone Date
    Released
    1 105 g/t Au over 27.05m1 Iceberg Jun 5, 2023
    2 49.7 g/t Au over 29.90m1 Iceberg Mar 13, 2023
    3 42.6 g/t Au over 32.00m3 Keats West Nov 28, 2022
    4 69.2 g/t Au over 14.15m3 Golden Joint March 24, 2022
    5 430 g/t Au over 5.25m2 Golden Joint Jun 30, 2021
    6 150 g/t Au over 11.50m1 Lotto Main Jun 23, 2021
    7 106 g/t Au over 35.40m3 Keats Main May 21, 2021
    8 124 g/t Au over 17.70m2 Keats Main May 4, 2021
    9 261 g/t Au over 7.20m3 Keats Main Apr 20, 2021
    10 69.2 g/t Au over 14.90m1 Keats Main Apr 7, 2021
    11 86.2 g/t Au over 20.50m2 Keats Main Jan 28, 2020

    *Additional details for these drilling highlight intervals are provided by clicking on this link.

    Note host structures are estimated fall into one of four categories depending on the zone in which the interval is located: 170% to 95%, 240% to 70%, 310% to 40%, or 4true widths are presently unknown. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.

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