С$ TSX-V: NFG
$2.02
$ NYSE-A: NFGC
$1.489

Corporate

About 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. The Company has completed an initial mineral resource estimate and commissioned a preliminary economic assessment, which is scheduled for completion in late Q2/25. New Found Gold has a new management team in place, a solid shareholder base, which includes an 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

2023: A Year of Exploration Breakthroughs

In 2023, New Found Gold achieved several project milestones, reinforcing its reputation as a leader in the Canadian exploration sector. The Company conducted a 3D seismic survey at Queensway North, offering unprecedented insights into subsurface geological structures and guiding future deep drilling efforts. Surface trenching programs at the Keats Zone exposed mineralized areas with remarkable detail, uncovering new high-grade veins and allowing geologists to refine structural models.

Phase I of New Found's metallurgical program demonstrated 90–96% gold extraction rates across Keats, Lotto, and Golden Joint Zones. These findings laid a solid foundation for the Project's continued technical development and future economic studies.

These milestones were in lock-step with the discovery of six additional high-grade zones, including Iceberg, Iceberg East, and K2.

Strategic Growth in 2024

In 2024, New Found Gold strategically expanded its portfolio by acquiring the neighbouring Kingsway Project. This move not only increased the length of accessible strike along the AFZ to over 20 km but also validated the Company’s growth strategy. Early exploration at the expanded Queensway property has led to the discovery of the Pistachio Zone and the expansion of other known gold zones in the area, including Big Vein while work continues to step out into new untested target areas along the AFZ corridor.

Innovative programs, including ongoing deep drilling utilizing directional drilling technology and seismic data, continue to identify significant high-grade discoveries at depth, such as the Golden Dome and Keats South Deep zones. Surface trenching at Iceberg has further enhanced understanding of the Project's geology, allowing for detailed analysis and validation of the geological and structural models currently defined through drilling alone.

Phase II metallurgical testing focused on Iceberg and Iceberg East, with demonstrated gold extraction rates of 96.9%. Additional metallurgical testing will focus on Keats West, with results expected in early 2025.

Looking Ahead

New Found has completed an initial Mineral Resource Estimate (MRE) and commissioned a Preliminary Economic Assessment (PEA), which is scheduled for completion in late Q2/25. These studies will define the Project's mineral inventory, economic potential, and potential future development scenarios.

Environmental baseline studies and hydrogeological assessments will continue to ensure sustainable project advancement. Through cutting-edge exploration techniques, a commitment to responsible mineral exploration, and strong community partnerships, New Found Gold is poised to shape the future of gold discovery in Newfoundland.

For more information on the Queensway project, please see our corporate presentation.

~$12 million in cash and marketable securities*

*As of June 2025.

New Found is well funded to pursue its
exploration programs.

Visit our Project Page to Learn More

Board of Directors

Paul Huet Chairman

Paul Huet is the CEO of Americas Gold and Silver. He previously served as Chairman and CEO of Karora Resources Inc. (2019–2024) and President, CEO, and Director of Klondex Mines (2012–2018), leading both companies through major acquisitions. A graduate of Haileybury School of Mines and the Stanford Executive Program, Mr. Huet has extensive experience in mining operations, engineering, and capital markets. He is an Accredited Director and member of OACETT.

Keith Boyle CEO

Keith Boyle, P.Eng., has 40 years of experience in mining and exploration. He spent the last 17 years as Chief Operating Officer for various senior and junior companies, including Reunion Gold Corporation, where he led the development of the Oko West Project until its acquisition for $870 million. He has extensive international experience in both open pit and underground operations, with expertise in project development, stakeholder relations, operational optimization, and cost control.

Melissa Render President

Melissa Render has served as V.P. of Exploration for New Found Gold since 2021. She is an exploration geologist with 15+ years of experience focused on orogenic gold. Melissa 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. She spent 3 years as a consultant specializing in target generation, 3D modelling, data management, and exploration program design.

William Hayden Lead Director (Independent)

A geologist with over 38 years of experience in the mineral exploration industry, much of it in Africa and the Asia-Pacific region. Has worked in a management capacity with several exploration and mining companies internationally since 1986. Involved with the Ivanhoe Group of companies since 1994, including Ivanhoe Australia, Ivanhoe Philippines and Ivanhoe Mines Ltd. Presently has directorships with publicly listed companies, including Trilogy Metals Inc. and Ivanhoe Mines Ltd.

Chad Williams Independent Director

Mr. Williams is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously held the positions of CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc., and was a highly ranked mining analyst at TD Bank and other Canadian brokerage firms.

Vijay Mehta Independent Director

Vijay is a co-founder of Arkview Capital, a private equity fund backed by the Ziff family that invests in diversity-oriented companies. Vijay is involved with several diversity initiatives, serving as a member of Genesis Bank’s DEI Committee, Board member of Clean Sea Transport, and Vice Chair of the New York Minority Supplier Development Council MBE Input Committee. Previously, Vijay worked at private equity fund, Texas Pacific Group and investment bank, Morgan Stanley. Vijay graduated summa cum laude from the University of Pennsylvania’s Huntsman Program and earned an MBA from the Harvard Business School, where he was named a Baker Scholar.

Key People and Advisors

Michael Kanevsky, CPA, CA Chief Financial Officer

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) and Golden Planet Mining Corp.

Fiona Childe Vice President, Communications and Corporate Development

Fiona Childe (Ph.D., P.Geo.) has over 25 years’ experience in the mining industry, starting as an exploration geologist and subsequently focusing on capital markets, corporate development and shareholders communications. Throughout her career she has consulted to and held senior management positions with Canadian-listed exploration, development and mining companies, with a primary focus on gold. She has worked on projects throughout Canada, the Caribbean, Latin America, Africa, Asia and Australia. She recently consulted to Mineros S.A. through its successful IPO on the Toronto Stock Exchange (TSX) and previously served as Vice President, Corporate Communications at Tau Capital Corp. through the acquisition of AfriOre Limited by Lonmin plc. She completed the first Ph.D. in Geology with the Mineral Deposit Research Unit at the University of British Colombia and is a P.Geo. (Ontario).

Jared Saunders Vice President, Sustainability

Jared Saunders (Ph.D., CRSP, EP) has over two decades of experience in environmental sciences and chemistry, backed by a Ph.D. in Environmental Sciences from the Royal Military College of Canada. His distinguished career began in the Canadian Military, providing a strong foundation for his subsequent transition to the consulting sector. As a Senior Environmental Scientist with a leading global sustainable engineering, architecture and environmental consulting firm Jared led projects in environmental risk assessment and contaminated site management. Over a decade ago, Jared returned to his Newfoundland and Labrador roots and joined Vale Newfoundland and Labrador, managing the environmental departments for Long Harbour and Voisey’s Bay. In 2023, Jared joined New Found as Director of Environment & Regulatory Affairs, overseeing environmental permitting, compliance, baseline studies, and regulatory processes. Jared is dedicated to implementing top environment, social and governance practices and building positive and transparent relationships with team members, local and Indigenous communities, regulators, and stakeholders.

Robert Assabgui Study Manager

Robert Assabgui (B.Eng., P.Eng.) is an accomplished senior operations executive and manager with expertise in project management and engineering within the mining industry. He has worked in a variety of roles in engineering, operations, project delivery and executive management. Robert started his career at Inco Ltd. (subsequently Vale Canada Ltd.) and progressed to the Director of Mines, accountable for six mines, the concentrator and the Mines Technical Services Department. In 2017, Rob joined Hudbay Minerals Inc. as Vice President of Technical Services, and subsequently Vice President of the Manitoba Business Unit. He successfully positioned the business unit to transition the Snow Lake operations into a primary gold producer, with the refurbishment and start up of the New Britannia Gold Mill, and the closure of the Flin Flon Operations. He was more recently Study Manager for Reunion Gold Corporation at the Oko West Project up to its acquisition by G Mining Ventures Corp. in 2024.

Committees

Audit
Committee

William Hayden (Chair)

Vijay Mehta

Chad Williams

Compensation
Committee

Chad Williams (Chair)

Vijay Mehta

William Hayden

Nominating and Corporate
Governance Committee

Vijay Mehta (Chair)

Chad Williams

William Hayden

Technical
Committee

Melissa Render (Chair)

Paul Huet

William Hayden

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.

Corporate Governance - Mandates, Charters, and Policies

Board of Directors Mandate Audit Committee Charter Compensation Committee Charter Nominating and Corporate Governanance Committee Charter Technical Committee Charter Chief Executive Officer Position Description Code of Business Conduct and Ethics Whistleblower Policy Anti-Bribery and Anti-Corruption Policy

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.

Whistleblower Link | Disclaimer
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. Assay data has been verified by the Company’s Qualified Person against the original assay certificates and the Company does not recognize any factors of drilling, sampling or recovery that could materially affect the accuracy or reliability of this assay data.

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