NEW FOUND GOLD CONTINUES TO STRENGTHEN MANAGEMENT TEAM

Core Viewpoint - New Found Gold Corp. has made significant management changes, appointing Dr. Fiona Childe, Dr. Jared Saunders, and Robert Assabgui to key positions, while also announcing the resignations of Greg Matheson and Ron Hampton. These changes are aimed at advancing the company's strategic goals, particularly regarding the Queensway Project [1][2][3][5]. Management Appointments - Dr. Fiona Childe has been appointed as Vice President, Communications and Corporate Development, bringing over 25 years of experience in the mining industry, focusing on capital markets and corporate development [6]. - Dr. Jared Saunders has been promoted to Vice President, Sustainability, leveraging his two decades of experience in environmental sciences and his previous role as Director of Environment and Regulatory Affairs [7]. - Robert Assabgui has been appointed as Study Manager, with a strong background in project management and engineering within the mining sector [8]. Resignations - Greg Matheson, the Chief Operating Officer, will resign effective February 28, 2025, but will continue to support the company as an advisor [3][4]. - Ron Hampton, the Chief Development Officer, has stepped down immediately, with the company expressing gratitude for his contributions [5]. Upcoming Milestones - The company plans to release a maiden mineral resource estimate for the Queensway Project in early Q2 2025, followed by a preliminary economic assessment later in the same quarter [2]. - New Found Gold Corp. is currently conducting a 650,000-meter drill program at the Queensway Project, which is strategically located near Gander, Newfoundland and Labrador [9].