New Found Gold (NFGC) Update / Briefing July 22, 2025 10:00 AM ET Speaker0Good morning. I will now turn the call over to Fiona Child, VP, Corporate Communications and Corporate Development. Fiona, please go ahead.Speaker1Thank you, and welcome everyone to Newfound Gold's technical webinar on the recent preliminary economic assessment for the Queensway Gold Project located in Gander, Newfoundland And Labrador. Joining me on the call today, I have Keith Boyle, Chief Executive Officer Melissa Render, President ...

Solid low-cost production profile from year one via a phased mine plan: Phase 1: Low Initial capital cost of $155 million, builds average annual gold production of 69.3koz oz Au1 at an AISC2 of US$1,282/oz Au in Years 1 to 4 planned to fund Phase 2. Phase 2: Growth capital of $442 million, builds average annual gold production of 172.2koz Au at an AISC of US$1,090/oz Au in Years 5 to 9 paid back in less than one year. Early revenue potential: Initial gold production targeted for 2027 pending regulatory a ...

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].

Core Viewpoint - New Found Gold Corp. has successfully closed the first tranche of its public offering, raising a total of C$56,129,100 through the issuance of charity flow-through common shares and common shares [1][2][4]. Group 1: Offering Details - The first tranche of the offering included 15,265,000 charity flow-through common shares and 4,370,000 common shares, generating gross proceeds of C$42,079,950 [2]. - The second tranche will consist of an additional 6,135,000 charity flow-through common shares, expected to raise C$14,049,150, and is anticipated to close around June 12, 2025 [4]. - The total gross proceeds from both tranches will be used for Canadian exploration expenses related to the Queensway Gold Project [8]. Group 2: Underwriting and Fees - The offering was conducted under an underwriting agreement with a syndicate led by BMO Capital Markets and included several other financial institutions [3]. - The company paid the underwriters a cash fee of C$2,075,959, which is 5.25% of the gross proceeds from the first tranche, excluding certain sales [7]. Group 3: Use of Proceeds - Proceeds from the charity flow-through common shares will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [8]. - The net proceeds from the common shares will be utilized to advance the Queensway Project and for general corporate purposes [9]. Group 4: Company Background - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [13]. - The company has completed an initial mineral resource estimate at Queensway and is currently conducting a fully funded preliminary economic assessment [13][14].

VANCOUVER, BC, June 3, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of (i) 21,400,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Th ...

Exhibit 99.1 May 29, 2025 New Found Gold Corp. 2129 – 1055 West Georgia Street Vancouver, BC V6E 3P3 Canada Attention: Keith Boyle, Chief Executive Officer Dear Mr. Boyle: The undersigned, BMO Nesbitt Burns Inc. and SCP Resource Finance LP, as joint lead underwriters and joint bookrunners (the "Lead Underwriters"), along with Paradigm Capital Inc., Canaccord Genuity Corp., Haywood Securities Inc., Stifel Nicolaus Canada Inc., Roth Canada, Inc., A.G.P. Canada Investments ULC and ATB Securities Inc. (each, an ...

Core Insights - New Found Gold continues to report high-grade gold mineralization from its 2024 exploration program, particularly at the Dropkick and Pistachio zones, indicating potential for resource expansion [1][2][10] - The exploration program included 13,768 meters of drilling across 38 diamond drill holes, focusing on high-grade mineralization and strike extensions [2][10] Dropkick Zone - Significant drill results from the Dropkick zone include 42.8 g/t Au over 14.95 m and 47.6 g/t Au over 3.95 m, with mineralization now intersected over a 580 m strike extent [5][6] - The mineralization at Dropkick is open in all directions, with potential for further expansion [6][10] - The new domain of mineralization discovered east of the Appleton Fault Zone (AFZ) returned 5.30 g/t Au over 15.20 m, marking the first mineralization found in that area [6][10] Pistachio Zone - The Pistachio zone has shown promising results with 5.34 g/t Au over 7.30 m, extending the high-grade mineralization by 40 m down-dip [12][14] - The zone spans a strike length of 240 m and remains open down plunge and to depth [12][14] - Systematic reconnaissance drilling has identified additional target areas for future exploration [12][14] Future Plans - The company plans to conduct follow-up drilling at Dropkick starting in June 2025, with additional work planned at a soil anomaly located north of Pistachio [10][12] - The total drilling for the 2024 exploration program reached 89,974 m across 271 diamond drill holes, with results from 37,750 m in 82 holes to be included in the next mineral resource estimate [10][12] Company Overview - New Found Gold holds a 100% interest in the Queensway project located in Newfoundland and Labrador, which covers a significant area with a 110 km strike extent along two prospective fault zones [31][32] - The company is focused on growth and value creation, supported by a solid shareholder base, including a 19% holding by Eric Sprott [32]

VANCOUVER, BC, May 7, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada.Highlights: Figure 1. AFZ Core map showing the location of Dome and Golden Dome. (CNW Group/New Found Gold Corp.) Figure 2. Iceberg excavation showing high-grade quartz vein exposures. (CNW Group/New Fou ...

Core Insights - New Found Gold continues to discover gold mineralization outside the initial resource at Queensway, with significant high-grade results from recent drilling [1][2][5] - The Phase I deep drilling program has successfully assessed the depth potential of the orogenic gold system at Queensway, revealing new zones over a kilometer below the surface [1][8] Drilling Results - The recent drilling program included 7,765 meters across 12 diamond drill holes, primarily targeting depth extensions at Dome and other areas [2][3] - Notable drill results include 38.7 g/t Au over 6.55 meters at Dome, and 10.3 g/t Au over 8.20 meters at Keats South Deep [5][11] - Eleven of the twelve drill holes reported were outside the initial mineral resource estimate area, indicating potential for resource expansion [2][6] Future Plans - The company is planning a 2025 drill program focusing on near-surface targets and high-priority discoveries, including Dropkick, Dome, and Golden Dome [9][30] - The completion of a preliminary economic assessment is scheduled for late Q2/25, which will further evaluate the Queensway project [30][31]