NEW FOUND APPOINTS PAUL HUET AS INDEPENDENT CHAIRMAN AND WELCOMES NEW BOARD MEMBERS

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].