Vancouver, British Columbia–(Newsfile Corp. – November 19, 2025) – New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (“ New Found Gold ” or the “ Company “) is pleased to announce new results from infill and expansion drilling at the K2 zone (“ K2 “) and limited infill drilling at the Jackpot zone (“ Jackpot “) in the AFZ Core (“ AFZC “), as part of the Company’s ongoing 2025 drill program on its 100%-owned Queensway Gold Project (“ Queensway ” or the “ Project “) in Newfoundland and Labrador, Canada.

Highlights include:

K2 AFZC Phase 1 open pit infill program:

16.7 g/t Au 1 over 12.25 m 2 from 144.25 m (NFGC-25-2416)

5.32 g/t Au over 18.85 m from 184.55 m (NFGC-25-2453)

4.17 g/t Au over 18.00 m from 26.00 m (NFGC-25-2371)

3.71 g/t Au over 18.25 m from 127.75 m

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