Mr. Collin Kettell reports

NEW FOUND COMPLETES ACQUISITION OF LABRADOR GOLD'S KINGSWAY PROJECT

New Found Gold Corp. has successfully completed its previously announced acquisition of a 100-per-cent interest in Labrador Gold Corp.'s Kingsway project, located in Gander, Nfld., as well as certain related assets of Labrador Gold.

Pursuant to the acquisition, New Found has issued to Labrador Gold 5,263,157 common shares as consideration for the purchased assets.

About New Found Gold Corp.

New Found holds a 100-per-cent interest in the Queensway project, located 15 kilometres west of Gander, Nfld., and just 18 km 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 work force. The company is currently undertaking a 650,000-metre drill program at Queensway and is well financed for this program with cash and marketable securities of approximately $54-million as of July, 2024.

We seek Safe Harbor.