NEW FOUND APPOINTS KEITH BOYLE AS CHIEF EXECUTIVE OFFICER

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].