(All amounts expressed in Canadian dollars unless stated otherwise) Figure 1. Queensway, Hammerdown, Pine Cove and Nugget Pond HGP location map (CNW Group/New Found Gold Corp.) Figure 1. Queensway, Hammerdown, Pine Cove and Nugget Pond HGP location map (CNW Group/New Found Gold Corp.) New Found Gold and Maritime will host a joint conference call and webcast to discuss the Transaction commencing at 10 am Eastern Time on Friday, September 5, 2025. Details for the conference call and webcast are included at th ...

Core Viewpoint - The recent metallurgical test work at the Queensway project confirms high gold recovery rates and supports the feasibility study planned for Q4 2025 [1][9][19]. Group 1: Metallurgical Test Work - The program commenced in late 2024, focusing on master composites from the Keats West zone and re-evaluating low-grade samples from various zones [2][5]. - Approximately 660 meters of drill core, weighing 2,700 kilograms, was selected for testing, resulting in three master composites based on carbon content [6]. - The test results showed an average gold recovery of 89.2%, confirming the flowsheet presented in the preliminary economic assessment (PEA) [9][12]. Group 2: Mineralogical Studies - A mineralogical gold deportment study was conducted, revealing similar mineral assemblages across the tested zones, dominated by quartz, illite, chlorite, and albite [8][10]. - The Keats West Weak sample contained a significant amount of submicroscopic gold, accounting for 49% of its gold content [18]. Group 3: Future Plans - Additional metallurgical test work is planned, including a feasibility study level program, with results expected in the second half of 2026 [19]. - The company aims to establish a gravity/CIL flowsheet and optimize recovery processes for sulphide-associated mineralization [25]. Group 4: Company Overview - New Found Gold holds a 100% interest in the Queensway project, located in Newfoundland and Labrador, and has completed an initial mineral resource estimate and PEA [22][23]. - The company has a solid shareholder base, including a 23.1% holding by Eric Sprott, and is focused on growth and value creation at Queensway [23].

New Found Gold (NYSE: NFGC ) is at the heart of a burgeoning gold camp in Newfoundland, and based on my review of the company’s latest drill results and corporate developments, the market could be undervaluing the company’sI am an investor specializing in the consumer products sector with a focus on identifying companies that offer a unique combination of strong brand recognition, solid financials, and growth potential. I have a keen eye for consumer trends and an in-depth understanding of the industry, whi ...

Core Viewpoint - New Found Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of C$20,000,000.57 through the issuance of 12,269,939 common shares, with a hold period until December 27, 2025 [1][2]. Group 1: Private Placement Details - The private placement involved Mr. Eric Sprott acquiring 12,269,939 common shares for a total consideration of C$20,000,000.57, increasing his ownership from approximately 19.0% to 23.1% of the outstanding shares on a non-diluted basis [2]. - The gross proceeds from the private placement will be allocated to advance the 100% owned Queensway Gold Project and for general corporate and working capital purposes [6]. - No finder's fees were paid in connection with the completion of the private placement [5]. Group 2: Management and Strategic Outlook - Keith Boyle, CEO of New Found Gold, expressed gratitude for Mr. Sprott's continued support, highlighting that his participation reflects confidence in the project and the new leadership team [7]. - The company has a new management team and is focused on growth and value creation at the Queensway project, which covers a significant area of 175,450 hectares with ongoing drilling yielding new discoveries [9][11]. - Mr. Sprott's participation in the private placement is considered a "related party transaction," and the company relied on exemptions from certain approval requirements under Multilateral Instrument 61-101 [7].

Core Viewpoint - New Found Gold Corp. has temporarily suspended all exploration activities involving heavy equipment at its Queensway Gold Project due to extreme forest fire risks in Newfoundland and Labrador [1][2]. Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized as a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce [3]. - The company has completed an initial Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Queensway project [3]. Recent Developments - Recent drilling at the Queensway project has continued to yield new discoveries, indicating significant district-scale potential across the 175,450 hectares of the project, which covers a 110 km strike extent along two prospective fault zones [4]. - The company has a new management team and a solid shareholder base, including a 19% holding by Eric Sprott, focusing on growth and value creation at Queensway [4].

Exhibit 99.1 CONDENSED INTERIM FINANCIAL STATEMENTS (Unaudited - Expressed in Canadian Dollars) New Found Gold Corp. Condensed Interim Statements of Financial Position (Unaudited - Expressed in Canadian Dollars) | | | June 30, | December 31, | | --- | --- | --- | --- | | | | 2025 | 2024 | | | Note | $ | $ | | ASSETS | | | | | Current assets | | | | | Cash and cash equivalents | | 66,420,308 | 22,317,548 | | Investments | 5 | 1,042,454 | 926,019 | | Interest receivable | | 48 | - | | Sales taxes recoverable ...

Summary of New Found Gold (NFGC) Update / Briefing July 22, 2025 Company Overview - **Company**: New Found Gold Corp (NFGC) - **Project**: Queensway Gold Project located in Gander, Newfoundland and Labrador Core Points and Arguments 1. **Preliminary Economic Assessment (PEA)**: The PEA indicates a robust operation for the community, with a phased approach to mining. Phase one involves a 700 ton per day open pit, followed by a 7,000 ton per day open pit in phase two, and underground mining in phase three [2][6][9]. 2. **Production Estimates**: - Phase one is expected to produce over 69,000 ounces annually at an all-in sustaining cost (AISC) of $1,282 per ounce [8]. - Phase two anticipates an average production of 172,000 ounces per year at an AISC of just under $1,100 from years five to nine [9][43]. - Total life of mine production is projected at 1,500,000 ounces [12]. 3. **Net Present Value (NPV)**: The NPV at a gold price of $2,500 is estimated at $743 million, with a high rate of return of 56.3% and a payback period of less than two years on initial capital of $155 million [11][43]. 4. **Resource Conversion**: The PEA shows a conversion of 92% of indicated resources and 74% of inferred resources into the mine plan, indicating strong resource confidence [12][18]. 5. **Mining Methods**: The project will utilize conventional open pit mining methods and a cut-and-fill method for underground mining, with a focus on high-grade material first [10][14]. 6. **Environmental Considerations**: The project plans to use in-pit tailings deposition, which is considered best-in-class for risk mitigation regarding long-term environmental liabilities [20][21]. Exploration and Future Plans 1. **Ongoing Exploration**: The company plans to continue exploration activities in 2025, focusing on converting inferred resources to indicated and expanding the resource base along known fault zones [24][25]. 2. **New Discoveries**: Recent drilling has identified new mineralization not captured in the current mineral resource estimate (MRE), particularly in the Keats West area [27][28]. 3. **Depth Potential**: The company is exploring deeper drilling opportunities, with promising results indicating that mineralization persists at greater depths [35][36]. 4. **Regional Potential**: The acquisition of Labrador Gold's Kingsway project has expanded the strike length by over 13 kilometers, enhancing the potential for new discoveries [37][41]. Financial and Operational Insights 1. **Capital Expenditures**: Total capital expenditures for the project are estimated at $1.065 billion, with phase one requiring $155 million [43][45]. 2. **Operating Costs**: The operating cost for mining is projected at $4.91 per ton moved, with processing costs averaging just under $21 per ton [45][46]. 3. **Leverage to Gold Price**: For every $100 increase in gold price, the NPV increases by approximately $89 million, indicating significant leverage to gold price fluctuations [47]. Additional Important Information 1. **Community Support**: The company has received strong support from local communities and the government, which is crucial for project advancement [5][52]. 2. **Permitting Timeline**: The company anticipates a two-year permitting process, with construction expected to begin in early 2027 [48][49]. 3. **Sustainability Focus**: The project emphasizes sustainability, with ongoing assessments to ensure that tailings management does not lead to long-term environmental issues [88]. This summary encapsulates the key points from the New Found Gold briefing, highlighting the company's strategic approach, production forecasts, exploration potential, and financial metrics.

Core Viewpoint - New Found Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for the Queensway Gold Project, indicating potential economic viability for gold mineralization on the 175,450 hectare project [1][3][18]. Project Overview - The Queensway project is located near Gander, Newfoundland and Labrador, Canada, and is 100% owned by New Found Gold [1][19]. - The PEA outlines a phased approach to development, starting with a small high-grade open pit mine followed by a larger on-site operation [4][12]. Economic Assessment Highlights - The PEA envisions a 15-year life of mine (LOM) producing 1.5 million ounces of recoverable gold with an average head grade of 1.85 g/t Au [6][12]. - Initial capital costs for Phase 1 are estimated at $155 million, with average annual gold production of 69.3 thousand ounces (koz) at an all-in sustaining cost (AISC) of US$1,282/oz Au [7][8]. - Phase 2 requires growth capital of $442 million, expected to produce 172.2 koz Au at an AISC of US$1,090/oz Au [7][8]. Financial Metrics - At a base case gold price of US$2,500/oz, the project generates an after-tax net present value (NPV) of $743 million and an internal rate of return (IRR) of 56.3% [49]. - The after-tax NPV increases to $1.45 billion and IRR to 197% if the gold price rises to US$3,300/oz [7][49]. Production and Cost Details - Total operating costs over the LOM are projected at $1.977 billion, with a total cash cost of US$1,085/oz Au and an AISC of US$1,256/oz Au [8][44]. - The project includes a phased mine plan that allows for early revenue generation and prioritizes processing of higher-grade material [17][12]. Mineral Resource Estimate - The initial mineral resource estimate includes 18.0 million tonnes at an average gold grade of 2.40 g/t Au, containing 1.39 million ounces of gold [21][22]. - The inferred mineral resources total 10.7 million tonnes at an average grade of 1.77 g/t Au, containing 0.61 million ounces of gold [21][22]. Next Steps - The company plans to conduct a 70,000-meter drill campaign, complete environmental studies, and submit an Environmental Assessment in H1 2026 [53][56]. - Construction for Phase 1 is planned to commence in 2027, with first production targeted for Q3 2027 [56].

Core Viewpoint - New Found Gold Corp. (NFGC) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements, particularly influenced by institutional investors [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional investors to buy or sell accordingly, thus affecting stock prices [4]. Company Performance and Outlook - The recent upgrade for New Found Gold Corp. indicates an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. - For the fiscal year ending December 2025, New Found Gold Corp. is expected to earn -$0.13 per share, which remains unchanged from the previous year, but the Zacks Consensus Estimate has increased by 43.5% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places New Found Gold Corp. in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Viewpoint - New Found Gold Corp. is expanding its 2025 Work Program at the Queensway Gold Project, focusing on advancing the project towards development with significant drilling and engineering studies planned [1][3]. Work Program Expansion - The 2025 work program will include approximately 70,000 meters of drilling, with 80% dedicated to resource definition and pre-development drilling, and 20% focused on exploration [3][8]. - The company is well-financed following a recent bought deal financing, enabling the expansion of the work program [3]. Drilling Focus - About 80% of the planned drilling will target infill drilling of inferred and unclassified mineralization within the AFZ Core, along with grade control drilling at the Keats and Iceberg zones [4]. - The exploration drilling will focus on high-priority targets such as the Dropkick zone, which is a new high-grade gold target located 11 kilometers north of the AFZ Core [5][6]. Excavation and Sampling - The AFZ Core excavation program is underway, with channel sampling of the Iceberg excavation approximately 80% complete [10]. - Excavation of the Lotto zone is expected to be completed in Q4 2025, with channel sampling planned for Q2 2026 [11]. Regional Exploration - A regional exploration program at Queensway South and Queensway North is ongoing, focusing on the extensions of the Appleton and JBP Fault Zones [12]. - This program includes soil and rock sampling, trenching, and a 156 square kilometer magnetic survey [12]. Engineering and Environmental Studies - The company has engaged SLR Consulting to deliver an initial Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA), with the PEA expected to be completed by late Q2 2025 [13]. - Additional environmental studies will be conducted in 2025 to ensure all baseline studies are completed for upcoming permitting processes [14]. Company Overview - New Found Gold holds a 100% interest in the Queensway project, which spans 175,600 hectares and covers a 110 km strike extent along two prospective fault zones [16]. - The company is focused on growth and value creation at Queensway, supported by a solid shareholder base, including a 19% holding by Eric Sprott [16].