Corporate

About New Found Gold Corp.

New Found 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 nine drills, with plans to ramp up to fourteen drills, focused on a 7.8km corridor along the Appleton fault and a 12.4km corridor along the JBP fault. On the Appleton fault, following up on an initial discovery hole that returned 19m of 92.9 g/t Au at the Keats Zone, drilling has returned wide intervals of high-grade gold mineralization starting at bedrock surface and extending 465m down plunge and open.

At the Lotto Zone 2km north of Keats, from the initial discovery hole of 41.2 g/t Au over 4.75m and 25.4 g/t Au over 5.15m, follow up drilling is indicating continuity to depth with recent deeper results including 225 g/t Au over 2.5m and more recently 150.3 g/t Au over 11.5m.

Multiple other high-grade targets are now being pursued over 7.8km of strike along the Appleton Fault Zone and 12.4km along the JBP Fault Zone. 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.

On June 29, 2021 New Found announced an interval of 430.2 g/t Au over 5.25m at the Golden Joint Zone, a new discovery approximately 1km north of Keats.

~$140 million in working capital

New Found is well funded to pursue its
exploration programs.

Visit our Project Page to Learn More

Leadership Team

Collin Kettell Founder & Executive Chairman

Collin is the Founder & Executive Chairman of Palisades Goldcorp Ltd., Canada’s newest resource focused merchant bank, with $175M AUM and growing. He comes from a family with deep ties to the mining, including co-founding AuEx Ventures, the company responsible for discovering the Long Canyon deposit, a project ultimately acquired by Newmont for $2.3B. Collin is the Founder & Executive Chairman of Nevada King Mining Ltd., the third largest mineral claim holder in the State of Nevada; Co Founder & CEO of Victory Metals (TSX- V:VMX); CoFounder of Goldspot Discoveries (TSX-V:SPOT).

Craig Roberts, P.Eng CEO & Director

Professional mining engineer with over 30 years of operations, engineering consulting, investment banking, and corporate management experience. Career work has included management roles in mine construction and development, engineering work on feasibility studies for a variety of mining projects worldwide, and investment banking work focused on mining institutional equity financings and mining merger and acquisition transactions.

Denis Laviolette Founder & President

Over 10 years of experience in mining and capital markets; worked as a production and exploration geologist in Timmins, Kirkland Lake, Red Lake, Norway and Ghana. Later worked as a mining analyst with Pinetree Capital. Founder, Director and Executive Chairman of Goldspot Discoveries Inc. (TSX.V: SPOT) and also currently serves as a Director for Xtra-Gold Resources Corp. (TSE: XTG).

Dr. Quinton Hennigh, Ph.D. Director

Economic geologist with 25 years of exploration experience, mainly gold related. Led exploration teams for Homestake Mining Company, Newcrest Mining Ltd. and Newmont Mining Corp. Founder, Chairman and President of Novo Resources, Founder and Director of Irving Resources. Lead role in a number of discoveries including significant involvement in high grade Swan Zone discovery at Fosterville.

Douglas Hurst Director

Geologist with over 30 years experience as consultant, mining analyst, and senior executive. Part of the founding group of Newmarket Gold, which following discovery of the high-grade Swan Zone at the company’s Fosterville mine was sold to Kirkland Lake Gold in 2016 for $1 billion. Serially successful mining entrepreneur and executive. Founder of International Royalty Corporation, sold in 2010 to Royal Gold for $700 million. Serves as Chairman of Northern Vertex Mining and as a director of Calibre Mining and Newcore Gold.

Key People and Advisors

Michael Kanevsky, CPA, CA CFO

Chartered Professional Accountant with expertise in corporate reporting, financial processes and risk management.

Currently Chief Financial Officer of New Found Gold Corp. (TSX-V:NFG), Mexican Gold Corp. (TSX-V:MEX) and Palisades Goldcorp Ltd.

Greg Matheson, P.Geo. COO

A professional geologist with over 14 years experience managing grass roots exploration through to advanced exploration projects; former exploration manager of Northern Gold Mining, senior project manager for Oban Mining and Osisko Mining. Responsible for the discovery and delineation of the >2.0M oz. Garrison Gold project in NE Ontario from early stage exploration through trial production mining.

Melissa Render, P.Geo. V.P. of Exploration

An exploration geologist with 10 + years’ experience focused on orogenic gold. Managed exploration projects worldwide from grassroots to advanced stages in greenstone belts including the Abitibi, Eastern Goldfields, Hope Bay, Central Lapland and Banfora for Kinross Gold, AngloGold Ashanti and TMAC Resources. 3 years as a consultant specializing in target generation, 3D modelling, data management and exploration program design.

Ken Rattee Senior Geologist

Over 36 years’ experience in base and precious metal mineral exploration in various management roles; former chief geologist for Kirkland Lake Gold’s Macassa Mine. Extensive experience developing, supervising and implementing exploration campaigns including for Lac Minerals, Kirkland Lake Gold, Kinross Gold and Barrick Gold.

Bassam Moubarak Advisor

Finance professional with over 15 years of experience. Since 2008 Mr. Moubarak has been involved in corporate transactions with an aggregate value in excess of $ 800 million and raised in excess of $150 million for mineral asset project development.

Governance

The Board of Directors and Management believe that good corporate governance is vital to New Found Gold’s long-term success and the protection of our stakeholders’ interest. Our directors commit to maintaining the highest standards of corporate governance according to evolving best practices and regulatory guidance.

New Found Gold’s Corporate Governance practices comply with those set out by the Canadian Securities Administrators, including National Policy 58-201 – Corporate Governance Guidelines and National Instrument 58-101 – Disclosure of Corporate Governance Practices.

Committees

Audit
Committee

Douglas Hurst (Chair)

Quinton Hennigh

Denis Laviolette

Compensation
Committee

Collin Kettell (Chair)

Douglas Hurst

Craig Roberts

Corporate
Governance

Craig Roberts (Chair)

Collin Kettell

Douglas Hurst

Business Ethics and Policies

New Found Gold and the Board of Directors approved corporate governance guidelines to help us effectively manage our affairs and perform our responsibilities to the highest legal and ethical standards.

A Code of Business Conduct and Ethics applies to all employees, contractors, consultants, officers and directors and promotes honest, respectful, accountable and ethical conduct.

We have a ZERO tolerance approach to the act of bribery and corruption by any employees, officers, directors, agents, consultants and contractors as set out in our Anti-bribery and Anti-corruption Policy.

A Whistleblower Policy is in place for our employees, consultants, contractors, directors of officers to communicate concerns, confidentially and anonymously, about possible improprieties, illegal or unethical activities and ensures that measures are in place for an impartial investigation.

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