NEW FOUND INTERSECTS 455 G/T AU OVER 4.1M, 148 G/T AU OVER 7.0M AND 58.6 G/T AU OVER 11.6M AT KEATS WITH PHASE II TRENCH CHANNEL SAMPLES

VANCOUVER, BC, Dec. 2, 2024 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the results of the second phase of channel samples from the Keats Trench and an update on the Iceberg Trench at the Queensway Project ("Queensway"), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.

Keats Trench Phase II Highlights:

Figure 1. Photos of mineralization from KM-24-01-64 - ^Note that these photos are not intended to be representative of gold mineralization in KM-24-01-64 (CNW Group/New Found Gold Corp.)

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Figure 2. Keats Trench plan map with the simplified geology, Phase II and Phase I channel sample assay results and gold grade contours. (CNW Group/New Found Gold Corp.)

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Figure 3. Keats Trench plan map with East-West and Keats Main veins simplified geology, Phase II and Phase I channel composite intervals and gold grade contours. (CNW Group/New Found Gold Corp.)

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Figure 4. Aerial image of Iceberg Trench showing the modelled zone and near surface drill intercepts. (CNW Group/New Found Gold Corp.)

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Figure 5. Quartz veining exposed at surface in the Iceberg Trench. (CNW Group/New Found Gold Corp.)

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Figure 6: Knob – Everest plan view map (CNW Group/New Found Gold Corp.)

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