Corporate

About New Found Gold Corp.

New Found Gold holds a 100% interest in Queensway in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. With over 600,000 metres of drilling completed since 2020, the Company has outlined multiple near-surface, high-grade gold discoveries over a 22 km strike extent. Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare Project that covers a 110 km strike extent along two prospective fault zones. The Company has completed an initial mineral resource estimate and commissioned a preliminary economic assessment, which is scheduled for completion in late Q2/25. New Found Gold has a new management team in place, a solid shareholder base, which includes an 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

2023: A Year of Exploration Breakthroughs

In 2023, New Found Gold achieved several project milestones, reinforcing its reputation as a leader in the Canadian exploration sector. The Company conducted a 3D seismic survey at Queensway North, offering unprecedented insights into subsurface geological structures and guiding future deep drilling efforts. Surface trenching programs at the Keats Zone exposed mineralized areas with remarkable detail, uncovering new high-grade veins and allowing geologists to refine structural models.

Phase I of New Found's metallurgical program demonstrated 90–96% gold extraction rates across Keats, Lotto, and Golden Joint Zones. These findings laid a solid foundation for the Project's continued technical development and future economic studies.

These milestones were in lock-step with the discovery of six additional high-grade zones, including Iceberg, Iceberg East, and K2.

Strategic Growth in 2024

In 2024, New Found Gold strategically expanded its portfolio by acquiring the neighbouring Kingsway Project. This move not only increased the length of accessible strike along the AFZ to over 20 km but also validated the Company’s growth strategy. Early exploration at the expanded Queensway property has led to the discovery of the Pistachio Zone and the expansion of other known gold zones in the area, including Big Vein while work continues to step out into new untested target areas along the AFZ corridor.

Innovative programs, including ongoing deep drilling utilizing directional drilling technology and seismic data, continue to identify significant high-grade discoveries at depth, such as the Golden Dome and Keats South Deep zones. Surface trenching at Iceberg has further enhanced understanding of the Project's geology, allowing for detailed analysis and validation of the geological and structural models currently defined through drilling alone.

Phase II metallurgical testing focused on Iceberg and Iceberg East, with demonstrated gold extraction rates of 96.9%. Additional metallurgical testing will focus on Keats West, with results expected in early 2025.

Looking Ahead

New Found has completed an initial Mineral Resource Estimate (MRE) and commissioned a Preliminary Economic Assessment (PEA), which is scheduled for completion in late Q2/25. These studies will define the Project's mineral inventory, economic potential, and potential future development scenarios.

Environmental baseline studies and hydrogeological assessments will continue to ensure sustainable project advancement. Through cutting-edge exploration techniques, a commitment to responsible mineral exploration, and strong community partnerships, New Found Gold is poised to shape the future of gold discovery in Newfoundland.

For more information on the Queensway project, please see our corporate presentation.

~$23 million in cash and marketable securities*

*As of February 2026.

New Found is well funded to pursue its
exploration programs.

Visit our Project Page to Learn More

Board of Directors

Collin Kettell Founder, Chairman and CEO

Collin is the Founder & Executive Chairman of Palisades Goldcorp Ltd., a junior resource focused Canadaian merchant bank, with $420M+ AUM and growing.
He comes from a family with deep ties to mining, including co-founding AuEx Ventures, the company responsible for discovering the Long Canyon deposit, a project ultimately acquired by Newmont for $2.3B.
Collin is the Founder & Executive Chairman of Nevada King Gold Corp., the fourth largest mineral claim holder in the State of Nevada (TSX-V:NKG); Collin is also co-Founder of Goldspot Discoveries (TSX-V:SPOT).

DENIS LAVIOLETTE Founder & President

Over 10 years of experience in mining and capital markets; worked as a production and exploration geologist in Timmins, Kirkland Lake, Red Lake, Norway and Ghana. Later worked as a mining analyst with Pinetree Capital. Founder, Director and Executive Chairman of Goldspot Discoveries Inc. (TSX.V: SPOT) and also currently serves as a Director for Xtra-Gold Resources Corp. (TSE: XTG).

Dr. Quinton Hennigh, Ph.D. Director

Economic geologist with 25 years of exploration experience, mainly gold related. Led exploration teams for Homestake Mining Company, Newcrest Mining Ltd. and Newmont Mining Corp. Founder, Chairman and President of Novo Resources, Founder and Director of Irving Resources. Lead role in a number of discoveries including significant involvement in high grade Swan Zone discovery at Fosterville.

Douglas Hurst Director

Geologist with over 30 years experience as consultant, mining analyst, and senior executive. Part of the founding group of Newmarket Gold, which following discovery of the high-grade Swan Zone at the company’s Fosterville mine was sold to Kirkland Lake Gold in 2016 for $1 billion. Serially successful mining entrepreneur and executive. Founder of International Royalty Corporation, sold in 2010 to Royal Gold for $700 million. Serves as Chairman of Northern Vertex Mining and as a director of Calibre Mining and Newcore Gold.

Vijay Mehta Independent Director

Vijay is a co-founder of Arkview Capital, a private equity fund backed by the Ziff family that invests in diversity-oriented companies. Vijay is involved with several diversity initiatives, serving as a member of Genesis Bank’s DEI Committee, Board member of Clean Sea Transport, and Vice Chair of the New York Minority Supplier Development Council MBE Input Committee.
Prior to founding Arkview, Vijay was a Managing Director and member of the Investment Committee at Ziff Brothers Investments with broad responsibilities across the investment portfolio. Previously, Vijay worked at private equity fund, Texas Pacific Group and investment bank, Morgan Stanley.
Vijay graduated summa cum laude from the University of Pennsylvania’s Huntsman Program and earned an MBA from the Harvard Business School, where he was named a Baker Scholar.

Raymond Threlkeld Independent Director

Seasoned mining professional with 30+ years of experience in mineral exploration, mine operations and construction, and executive management. Ray was Chairman of Newmarket Gold and became a director of Kirkland Lake Gold upon the sale of Newmarket to Kirkland for $1 Billion. From 1996 to 2004 Ray held a variety of senior executive positions with Barrick Gold Corporation, rising to the position of Vice President, Project Development. Among his accomplishments were the Pierina Mine in Peru, Bulyanhulu Mine in Tanzania, Veladero Mine in Argentina, Lagunas Norte Mine in Peru and the Cowel Mine in Australia.

Key People and Advisors

Craig Roberts, P.Eng Lead Technical Advisor

Professional mining engineer with over 30 years of operations, engineering consulting, investment banking, and corporate management experience. Career work has included management roles in mine construction and development, engineering work on feasibility studies for a variety of mining projects worldwide, and investment banking work focused on mining institutional equity financings and mining merger and acquisition transactions.

Greg Matheson, P.Geo. COO

A professional geologist with over 12 years experience managing grass roots exploration through to advanced exploration projects; former exploration manager of Northern Gold Mining, senior project manager for Oban Mining and Osisko Mining. Responsible for the discovery and delineation of the >2.0M oz. Garrison Gold project in NE Ontario from early stage exploration through trial production mining.

Michael Kanevsky, CPA CFO

A Chartered Professional Accountant with nine years of post- designation professional experience working with public and private companies. Expertise in corporate reporting, financial processes and risk management. Began his professional career in the audit and assurance practice at Deloitte.

Melissa Render, P.Geo. V.P. of Exploration

An exploration geologist with 10 + years’ experience focused on orogenic gold. Managed exploration projects worldwide from grassroots to advanced stages in greenstone belts including the Abitibi, Eastern Goldfields, Hope Bay, Central Lapland and Banfora for Kinross Gold, AngloGold Ashanti and TMAC Resources. 3 years as a consultant specializing in target generation, 3D modelling, data management and exploration program design.

Ken Rattee V.P. Exploration

Over 36 years’ experience in base and precious metal mineral exploration in various management roles; former chief geologist for Kirkland Lake Gold’s Macassa Mine. Extensive experience developing, supervising and implementing exploration campaigns including for Lac Minerals, Kirkland Lake Gold, Kinross Gold and Barrick Gold.

Cal Everett, B.Sc. Advisor

Geologist with more than 14 years of surface and underground exploration experience with senior mining companies. Moved to the financial sector in 1990, and spent 12 years with BMO Nesbitt Burns focused on resource equities, and seven years with PI Financial Corp. in senior resource institutional sales and capital markets. From 2008 to 2015, was President and Chief Executive Officer of Axemen Resource Capital. Currently President & CEO of Liberty Gold.

Paul Matysek, M.Sc. Advisor

Serial entrepreneur, geochemist and geologist with over 40 years of experience in the mining industry. Since 2004 as CEO or Chairman, Matysek has primarily focused on the exploration, development and sale of five publicly listed companies, in aggregate worth over $2 billion. Most recently, he was Executive Chairman of Lithium X Energy Corp. which was sold to Nextview New Energy Lion Hong Kong Limited (“Nextview”) for $265 million in cash. Awarded EY Entrepreneur of the Year for Mining & Resources in September 2018.

Bassam Moubarak Advisor

Finance professional with over 15 years of experience. Since 2008 Mr. Moubarak has been involved in corporate transactions with an aggregate value in excess of $ 800 million and raised in excess of $150 million for mineral asset project development.

Committees

Audit
Committee

William Hayden (Chair)

Paul Huet

Vijay Mehta

Compensation
Committee

Chad Williams (Chair)

Vijay Mehta

William Hayden

Nominating and Corporate
Governance Committee

Vijay Mehta (Chair)

Chad Williams

William Hayden

Technical
Committee

Melissa Render (Chair)

Paul Huet

William Hayden

Governance

The Board of Directors and Management believe that good corporate governance is vital to New Found Gold’s long-term success and the protection of our stakeholders’ interest. Our directors commit to maintaining the highest standards of corporate governance according to evolving best practices and regulatory guidance.

New Found Gold’s Corporate Governance practices comply with those set out by the Canadian Securities Administrators, including National Policy 58-201 – Corporate Governance Guidelines and National Instrument 58-101 – Disclosure of Corporate Governance Practices.

Business Ethics and Policies

New Found Gold and the Board of Directors approved corporate governance guidelines to help us effectively manage our affairs and perform our responsibilities to the highest legal and ethical standards.

A Code of Business Conduct and Ethics applies to all employees, contractors, consultants, officers and directors and promotes honest, respectful, accountable and ethical conduct.

We have a ZERO tolerance approach to the act of bribery and corruption by any employees, officers, directors, agents, consultants and contractors as set out in our Anti-bribery and Anti-corruption Policy.

A Whistleblower Policy is in place for our employees, consultants, contractors, directors of officers to communicate concerns, confidentially and anonymously, about possible improprieties, illegal or unethical activities and ensures that measures are in place for an impartial investigation.

Whistleblower Link | Disclaimer
Note host structures are estimated fall into one of four categories depending on the zone in which the interval is located: 170% to 95%, 240% to 70%, 310% to 40%, or 4true widths are presently unknown. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. Assay data has been verified by the Company’s Qualified Person against the original assay certificates and the Company does not recognize any factors of drilling, sampling or recovery that could materially affect the accuracy or reliability of this assay data.

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