Canada’s Newest
Discovery

At the Center of the Newfoundland Gold Rush

400,000m drill
campaign underway
~ $106 million in
working capital*
Supportive Large
Strategic Shareholders

*As of April 2022.

About Us

New Found Gold Corp.

New Found Gold is advancing its 100% owned 1,510km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 400,000m drill campaign is underway utilizing eleven drills, with plans to ramp up to fourteen drills. Drilling is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault.

Multiple high-grade targets

New Found has made several high-grade gold discoveries along the Appleton Fault Zone including Keats, Golden Joint, and Lotto, and the recently announced '515' zone. The Company is aggressively drilling at Queensway North to further unlock discovery potential, while work is also underway to define additional drill targets on approximately 70km of prospective strike along the Appleton and JBP fault structures on the southern portion of the Queensway property.

~ $106 million in working capital*

New Found is well funded to pursue its exploration programs.

*As of April 2022.

Drilling Highlights

1. 25.6m of 146.2 g/t Au Keats
2. 14.15m of 69.2 g/t Au Golden Joint
3. 17.7m of 124.4 g/t Au Keats
4. 7.2m of 261.3 g/t Au Keats
5. 11.5m of 150.3 g/t Au Lotto

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

Note that the host structures along the Appleton Fault Zone are generally interpreted to be steeply dipping and true widths are estimated to be 85% to 95% of reported widths at Keats Main Zone, 80% to 90% at Lotto Main Zone, 70% to 90% at Golden Joint, 65% to 75% at Dome, 85% to 95% at Road, and unknown at other targets. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

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