New Found Gold Corp. Releases Financial Documents for 2024 Year-End and Future Plans

On March 21, 2025, New Found Gold Corp. announced the filing of its comprehensive financial documents for the year ending December 31, 2024. The company, which operates under the ticker symbols TSXV: NFG and NYSE-A: NFGC, submitted several important documents to Canadian securities regulators and to the U.S. Securities Exchange Commission (SEC).

The submitted documents, collectively termed the “2024 Annual Documents,” encompass the annual financial statements, a Management's Discussion and Analysis (MD&A), and the Annual Information Form. These documents can be accessed via the company's profile on SEDAR+ and the SEC's EDGAR system. Shareholders and interested parties are encouraged to explore the disclosures available on New Found Gold's official website as well.

About New Found Gold Corp.

New Found Gold proudly holds a 100% interest in the Queensway Gold Project, located in the mineral-rich region of Newfoundland and Labrador, known for its excellent infrastructure and skilled workforce. Since 2020, the company has dedicated resources to more than 600,000 meters of drilling, resulting in multiple high-grade gold discoveries near the surface across a long 22 km strike extent. Recent drilling efforts have continued to yield promising results, indicating further potential gold zones both along the strike and down dip.

The Queensway Project spans an impressive 175,600 hectares, covering approximately 110 km along two identified prospective fault zones. The company has recently commissioned an initial mineral resource estimate, alongside a preliminary economic assessment expected to be completed in the second quarter of 2025.

New Found Gold operates with a solid management team and a robust shareholder base, boasting notable investment from Eric Sprott, who holds an 18% stake in the company. Their focus remains on growth and value creation, particularly through further exploration at the Queensway Project.

The company's commitment to transparency and shareholder engagement is evident. New Found Gold extends an invitation for investors to request hard copies of the financial disclosure documents free of charge through the inquiry form on their website.

Understanding Forward-Looking Statements

The release also includes forward-looking statements concerning the anticipated timeline for the initial mineral resource estimate and preliminary economic assessment for the Queensway Project. Such statements, while indicative of the company’s expectations, involve inherent risks and uncertainties that could lead to actual outcomes differing significantly from projections.

Management urges stakeholders to consult the complete Annual Information Form and MD&A for a thorough understanding of these risk factors.

To maintain effective communication and outreach, New Found Gold is active on various social media platforms and assures its audience of prompt responses through their investor inquiry form on their website.

For more information and to keep updated on the latest developments, visit New Found Gold's website or connect on social media platforms like LinkedIn.

New Found Gold Corp. is determined to navigate this exciting chapter with careful management and robust exploration as they advance their project and create lasting value for shareholders.