<SEC-DOCUMENT>0001279569-25-000155.txt : 20250218
<SEC-HEADER>0001279569-25-000155.hdr.sgml : 20250218
<ACCEPTANCE-DATETIME>20250218070906
ACCESSION NUMBER:		0001279569-25-000155
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250218
FILED AS OF DATE:		20250218
DATE AS OF CHANGE:		20250218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Found Gold Corp.
		CENTRAL INDEX KEY:			0001840616
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39966
		FILM NUMBER:		25632724

	BUSINESS ADDRESS:	
		STREET 1:		555 BURRARD STREET P.O. BOX 272
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V7X 1M8
		BUSINESS PHONE:		845-535-1486

	MAIL ADDRESS:	
		STREET 1:		555 BURRARD STREET P.O. BOX 272
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V7X 1M8
</SEC-HEADER>
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<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16 UNDER THE <BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the month of <B>February 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Commission File Number: <B>001-39966</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="background-color: white">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>555 Burrard Street, P.O. Box 272 <BR>
Vancouver,
    British Columbia <BR>
Canada V7X 1M8</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive office)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Form 20-F <FONT STYLE="font-family: Wingdings">o</FONT>
Form 40-F <FONT STYLE="font-family: Wingdings">&#254;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><B><BR>
EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 60px">&nbsp;</TD>
    <TD STYLE="width: 1335px">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.75pt solid; text-align: center"><B>Exhibit</B></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 0.75pt solid"><B>Description</B></P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex991.htm">Press
    Release dated February 18, 2025 - NEW FOUND GOLD CONTINUES TO STRENGTHEN MANAGEMENT TEAM</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>NEW FOUND GOLD CORP.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(Registrant)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">Date:</TD>
    <TD STYLE="width: 26%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">February 18, 2025</TD>
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="width: 47%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><I>/s/ Keith Boyle</I></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Keith Boyle</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Chief Executive Officer</TD></TR>
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<TYPE>EX-99.1
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<DESCRIPTION>NEWS RELEASE DATED FEBRUARY 18, 2025
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>EXHIBIT 99.1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;<IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NEW FOUND GOLD CONTINUES TO STRENGTHEN MANAGEMENT
TEAM</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Vancouver, BC, February 18, 2025 - <B>New Found Gold
Corp.</B> (&ldquo;<B>New Found</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the appointment
of Dr. Fiona Childe (Ph.D., P.Geo.) as Vice President, Communications and Corporate Development, Dr. Jared Saunders (Ph.D., CRSP, EP)
as Vice President, Sustainability, and Robert Assabgui (P.Eng.) as Study Manager. All appointments are effective immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Keith Boyle, CEO of New Found, stated: <I>&ldquo;On
behalf of the board, I am excited to welcome Fiona and Robert to the New Found team and congratulate Jared on his promotion. We have a
lot planned for the coming year, beginning with the release of a maiden mineral resource estimate for the Queensway Project in early Q2/25
and a preliminary economic assessment later in Q2/25. Fiona, Jared and Robert will each play an instrumental role with the Company as
we achieve these and future milestones.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&ldquo;As Vice President, Communications and Corporate
Development, Fiona brings a wealth of technical and corporate knowledge to the Company. She will leverage her extensive experience and
industry network to help grow New Found. Jared, a proud Newfoundlander, has over a decade of experience in Newfoundland and Labrador,
including as Director of Environment and Regulatory Affairs with New Found since 2023. Jared&rsquo;s background and experience make him
uniquely qualified to step into the new role of Vice President, Sustainability, a role which aligns with our commitment to and focus on
the environment and sustainability. Robert begins at a pivotal time, as we advance towards the release of the first economic assessment
of the Queensway Project.&rdquo; </I>continued Mr. Boyle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, Greg Matheson, Chief Operating Officer,
has resigned, effective February 28, 2025. While stepping down from his current role, Mr. Matheson will continue to support the Company
as an Advisor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&ldquo;We sincerely thank Greg for his dedication
and contributions over the past years. Greg has been instrumental in leading the Queensway Project since 2018, playing a key role in its
discovery, advancement and success. His expertise and leadership will remain valuable as we navigate this period, and we appreciate his
willingness to support us as an advisor, ensuring a smooth transition,&rdquo; </I>remarked Mr. Boyle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lastly, Ron Hampton, Chief Development Officer, will
step down effective immediately. The Company thanks Mr. Hampton for his contributions and wishes him well in his future endeavours.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Dr. Fiona Childe</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Vice President, Communications and Corporate Development</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fiona Childe (Ph.D., P.Geo.) has over 25 years&rsquo;
experience in the mining industry, starting as an exploration geologist and subsequently focusing on capital markets, corporate development
and shareholders communications. Throughout her career she has consulted to and held senior management positions with Canadian-listed
exploration, development and mining companies, with a primary focus on gold. She has worked on projects throughout Canada, the Caribbean,
Latin America, Africa, Asia and Australia. She recently consulted to Mineros S.A. through its successful IPO on the Toronto Stock Exchange
(TSX) and previously served as Vice President, Corporate Communications at Tau Capital Corp. through the acquisition of AfriOre Limited
by Lonmin plc. She completed the first Ph.D. in Geology with the Mineral Deposit Research Unit at the University of British Colombia and
is a P.Geo. (Ontario).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Dr. Jared Saunders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Vice President, Sustainability</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jared Saunders (Ph.D., CRSP, EP) has over two decades
of experience in environmental sciences and chemistry, backed by a Ph.D. in Environmental Sciences from the Royal Military College of
Canada. His distinguished career began in the Canadian Military, providing a strong foundation for his subsequent transition to the consulting
sector. As a Senior Environmental Scientist with a leading global sustainable engineering, architecture and environmental consulting firm
Jared led projects in environmental risk assessment and contaminated site management.&nbsp; Over a decade ago, Jared returned to his Newfoundland
and Labrador roots and joined Vale Newfoundland and Labrador, managing the environmental departments for Long Harbour and Voisey&rsquo;s
Bay. In 2023, Jared joined New Found as Director of Environment &amp; Regulatory Affairs, overseeing environmental permitting, compliance,
baseline studies, and regulatory processes.&nbsp;Jared is dedicated to implementing top environment, social and governance practices and
building positive and transparent relationships with team members, local and Indigenous communities, regulators, and stakeholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Mr. Robert Assabgui</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Study Manager</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">Robert Assabgui
(B.Eng., P.Eng.) is an accomplished senior operations executive and manager with expertise in project management and engineering within
the mining industry. He has worked in a variety of roles in engineering, operations, project delivery and executive management. Robert
started his career at Inco Ltd. (subsequently Vale Canada Ltd.) and progressed to the Director of Mines, accountable for six mines, the
concentrator and the Mines Technical Services Department. In 2017, Rob joined Hudbay Minerals Inc. as Vice President of Technical Services,
and subsequently Vice President of the Manitoba Business Unit. He successfully positioned the business unit to transition the Snow Lake
operations into a primary gold producer, with the refurbishment and start up of the New Britannia Gold Mill, and the closure of the Flin
Flon Operations. He was more recently Study Manager for Reunion Gold Corporation at the Oko West Project up to its acquisition by G Mining
Ventures Corp. in 2024.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>About New Found Gold Corp. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">New Found holds a 100% interest in the Queensway Project,
located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by
the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project
area, and easy access to a highly skilled workforce. The Company is currently undertaking a 650,000m drill program at Queensway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Please see the Company&rsquo;s website at <FONT STYLE="color: rgb(5,99,193)"><U>www.newfoundgold.ca
</U></FONT>and the Company&rsquo;s SEDAR+ profile at&nbsp;<FONT STYLE="color: rgb(5,99,193)"><U>www.sedarplus.ca</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Keith Boyle</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">New Found Gold Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">For further information
on New Found, please visit the Company&rsquo;s website at <FONT STYLE="color: #0563C1"><U>www.newfoundgold.ca</U></FONT></FONT>, <FONT STYLE="font-size: 10pt">contact
us through our investor inquiry form at <FONT STYLE="color: #0563C1"><U>https://newfoundgold.ca/contact/</U></FONT> or contact:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fiona Childe</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Vice President, Communications and Corporate Development</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Phone: +1 (845) 535-1486</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Email: <FONT STYLE="color: #0563C1"><U>contact@newfoundgold.ca</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Forward-Looking Statement Cautions </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This press release contains certain &ldquo;forward-looking
statements&rdquo; within the meaning of Canadian securities legislation, relating to the Company&rsquo;s plans for the coming year; the
initial mineral resource estimate and preliminary economic assessment for the Queensway Project and the timing thereof; the benefits
of the management changes; exploration, drilling and mineralization on the Queensway Project; plans for future exploration and drilling;
and the merits of the Queensway Project. Although the Company believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally,
but not always, identified by the words &ldquo;expects&rdquo;, &ldquo;plans&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;believes&rdquo;,
&ldquo;interpreted&rdquo;, &ldquo;intends&rdquo;, &ldquo;estimates&rdquo;, &ldquo;projects&rdquo;, &ldquo;aims&rdquo;, &ldquo;suggests&rdquo;,
&ldquo;indicate&rdquo;, &ldquo;often&rdquo;, &ldquo;target&rdquo;, &ldquo;future&rdquo;, &ldquo;likely&rdquo;, &ldquo;encouraging&rdquo;,
&ldquo;pending&rdquo;, &ldquo;potential&rdquo;, &ldquo;goal&rdquo;, &ldquo;objective&rdquo;, &ldquo;opportunity&rdquo;, &ldquo;prospective&rdquo;,
&ldquo;possibly&rdquo;, &ldquo;preliminary&rdquo;, and similar expressions, or that events or conditions &ldquo;will&rdquo;, &ldquo;would&rdquo;,
&ldquo;may&rdquo;, &ldquo;can&rdquo;, &ldquo;could&rdquo; or &ldquo;should&rdquo; occur, or are those statements, which, by their nature,
refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the
Company&rsquo;s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there
can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these forward-looking statements if management&rsquo;s beliefs, estimates or
opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these
forward-looking statements include risks associated with the Company&rsquo;s ability to complete the initial mineral resource estimate
and preliminary economic assessment, the results and timing of the initial mineral resource estimate and preliminary economic assessment,
possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated
geological factors, risks associated with the interpretation of exploration, drilling and assay results, the possibility that the Company
may not be able to secure permitting and other governmental clearances necessary to carry out the Company&rsquo;s exploration plans,
the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties
and regulatory or legal changes that might interfere with the Company&rsquo;s business and prospects. The reader is urged to refer to
the Company&rsquo;s Annual Information Form and Management&rsquo;s discussion and Analysis, publicly available through the Canadian Securities
Administrators&rsquo; System for Electronic Document Analysis and Retrieval (SEDAR+) at&nbsp;<FONT STYLE="color: #0563C1"><U>www.sedarplus.ca
</U></FONT>for a more complete discussion of such risk factors and their potential effects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt/107% Times New Roman, Times, Serif">New Found Gold Corp.</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="text-align: right; width: 33%">TSX-V: NFG, NYSE-A: NFGC</TD></TR>
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