New Found Gold Corp. Files 2024 Year-End Disclosure Documents EXHIBIT 99.1 Vancouver, BC, March 21, 2025 - New Found Gold Corp. ("New Found" or the "Company") (TSX-V: NFG, NYSE-A: NFGC) announces that it has filed its annual financial statements for the year ended December 31, 2024, the related Management's Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2024 (together, the "2024 Annual Documents"), with Canadian securities regulators and with the U.S. Securities Exc ...

Core Viewpoint - New Found Gold Corp. has filed its annual financial statements for the year ended December 31, 2024, along with related documents with Canadian and U.S. securities regulators, highlighting the company's ongoing commitment to transparency and regulatory compliance [1][2]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with strong infrastructure and a skilled workforce [3]. - The company has completed over 600,000 metres of drilling since 2020, identifying multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent, indicating significant district-scale potential across the 175,600-hectare project [4]. Future Plans - An initial mineral resource estimate and preliminary economic assessment have been commissioned, with completion expected in early and late Q2 2025, respectively, demonstrating the company's focus on growth and value creation [5]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, which supports its strategic initiatives [5].

Core Viewpoint - New Found Gold Corp. has appointed Chad Williams to its board of directors, replacing Collin Kettell, who was instrumental in the discovery of the Queensway Gold Project [1][3]. Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized as a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce [4]. Management Changes - Chad Williams, the new Independent Director, is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously served as CEO of Victoria Gold Corp. and Head of Mining Investment Banking at Blackmont Capital Inc. [2][3]. - Paul Huet, Chairman of New Found, expressed excitement about Williams joining the Board and thanked Kettell for his significant contributions [3]. Project Development - The company has completed over 600,000 metres of drilling since 2020, outlining multiple near-surface, high-grade gold discoveries over a 22-kilometre strike extent [5]. - Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, indicating the district-scale potential of the 175,600-hectare project, which covers a 110 km strike extent along two prospective fault zones [5]. Future Plans - New Found has commissioned an initial mineral resource estimate and preliminary economic assessment, expected to be completed in early and late Q2 2025, respectively [6]. - The company has a new management team and a solid shareholder base, including an 18% holding by Eric Sprott, focusing on growth and value creation at Queensway [6].

Core Insights - New Found Gold Corp. has reported significant drilling results from the Golden Dome and Dome zones, indicating strong potential for further gold mineralization expansion [3][4][9] - The follow-up drilling program included 13,489 meters across 27 diamond drill holes, revealing high-grade gold intervals [4][11][12] Drilling Results - The highlight intervals include 148 g/t Au over 4.10m and 41.3 g/t Au over 2.40m from the Golden Dome zone, with previous discovery hole NFGC-24-2158 returning 343 g/t Au over 2.15m [9][12] - A multi-vein gold system has been defined over a 170m by 140m area, with mineralization starting at a vertical depth of 300m [9][10] Future Plans - The company plans follow-up expansion drilling at Golden Dome, as the mineralized structure remains open at depth and along strike [10][11] - Additional step-out drilling is also planned for the Dome structure to explore areas currently limited in testing [10][11] Project Overview - New Found Gold holds a 100% interest in the 175,600 hectare Queensway Gold Project, located in Newfoundland and Labrador, with a comprehensive 650,000m drill program underway [33]

Core Insights - New Found Gold Corp. has reported significant drilling results from the Dropkick Zone, indicating high-grade gold mineralization with notable intervals of 89.5 g/t Au over 5.85m and 26.15 g/t Au over 16.15m [5][4][6] - The Dropkick Zone has expanded the historic area by 75m along strike to the southwest, demonstrating the potential for further discoveries within the Queensway Project [5][4] - The company is progressing towards a maiden resource estimate and preliminary economic assessment, with results expected by early Q2 2025 [4][6] Drilling Highlights - The drilling program has revealed high-grade intervals, including 1,128 g/t Au over 0.35m and 514.09 g/t Au over 1.00m, showcasing the potential of the Dropkick Zone [5][6] - The Dropkick Zone is located 11km northeast of the primary discovery area, indicating a significant gold mineral system that extends across a considerable distance [5][4] - The current drilling results are the first from an initial phase, with follow-up expansion drilling planned due to the structure being open along strike and to depth [5][4] Project Development - The acquisition of the Kingsway property has provided access to an additional 13km of prospective strike along the AFZ, enhancing exploration opportunities [6] - The company has engaged SLR Consulting to deliver a maiden resource estimate and preliminary economic assessment, marking an important milestone for the Queensway Project [4][6] - The ongoing exploration program is focused on near-surface targets and discoveries, with a comprehensive drill program of 650,000m planned [24][6]

Core Viewpoint - New Found Gold Corp. has appointed Keith Boyle as the new Chief Executive Officer, succeeding Collin Kettell, to lead the company through the next phase of the Queensway Project, which is positioned in a promising gold district in Newfoundland [1][2][3]. Company Leadership Transition - Keith Boyle brings 40 years of experience in mining, including 17 years as a Chief Operating Officer, and has a strong background in project development and operational efficiencies [4]. - Collin Kettell, the former CEO and founder, will remain a director and expressed confidence in Boyle's leadership for the Queensway Project [2][3]. Project Overview - The Queensway Project is located 15 km west of Gander, Newfoundland, and is well-equipped with infrastructure, including access to the Trans-Canada Highway and high voltage power lines [5]. - The company is currently conducting a 650,000-meter drill program at Queensway and has approximately $23 million in cash and marketable securities as of January 2025 to support this initiative [5].

Core Viewpoint - Analysts have increased their earnings estimates for New Found Gold Corp. by 10.2% over the past three months, indicating a positive outlook for the company's stock price movement [1]. Earnings Estimate Revisions - The correlation between earnings estimate revisions and stock price movements is strong, influenced by institutional investors who adjust their valuations based on these estimates [2][6]. - New Found Gold Corp. has been upgraded to a Zacks Rank 2 (Buy), reflecting an upward trend in earnings estimates, which is a significant factor affecting stock prices [3][11]. Zacks Rating System - The Zacks rating system effectively utilizes earnings estimate revisions to classify stocks, with New Found Gold Corp. positioned in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns [8][9]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988, indicating the reliability of the rating system [13]. Earnings Outlook - New Found Gold Corp. is projected to earn -$0.27 per share for the fiscal year ending December 2024, reflecting an 18.2% year-over-year change, which suggests an improvement in the company's underlying business [14][12].

Core Viewpoint - New Found Gold Corp. has announced the results of its Annual General Meeting, highlighting the appointment of new board members and the strategic direction of the company as it advances the Queensway Project [1][2][9]. Board Appointments - Paul Huet has been appointed as the Independent Chairman of the Board, with a strong background in mining and a history of creating shareholder value through previous roles at Karora and Klondex, which were acquired for $1.3 billion and $700 million respectively [2][3]. - William Hayden and Melissa Render have also joined the Board, bringing extensive experience in geology and exploration [2][4][5]. Company Strategy and Vision - The company is focused on unlocking the value of the Queensway Project, with Paul Huet expressing enthusiasm about the potential for transformation into a billion-dollar producer [2][3]. - New Found Gold holds a 100% interest in the Queensway Project, which is strategically located near infrastructure and has a well-funded drilling program of 650,000 meters [9]. Annual General Meeting Resolutions - The Meeting resulted in the approval of several resolutions, including fixing the number of directors at five, appointing KPMG LLP as the auditor, and approving a 10% "rolling" stock option plan [7].

Core Insights - New Found Gold Corp. has decided to purchase the remaining 1% net smelter returns royalty on its Golden Bullet property for a total cash consideration of $1,000,000, following a previous acquisition of 0.6% of the royalty [1][2] - The Golden Bullet property is a significant area within the Queensway Project, which includes key zones such as Keats South and several others along a 5km segment of the Appleton Fault [2] Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, with easy access to infrastructure and a skilled workforce [4] - The company is currently conducting a 650,000m drill program at the Queensway Project and has approximately $41 million in cash and marketable securities as of October 2024 [4]

Core Points - Labrador Gold Corp. has successfully completed the sale of its 100% interest in the Kingsway Project to New Found Gold Corp. along with certain related assets [1] - As part of the transaction, Labrador Gold received 5,263,157 common shares of New Found as consideration for the sold assets [2] - The company currently has approximately $6.4 million in working capital and holds New Found shares valued at around $20 million [5] Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [5] - The company has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB [4] - The Hopedale property, part of the company's portfolio, covers much of the Florence Lake greenstone belt, which is underexplored compared to similar belts globally [6]