New Found Gold intersects 9.51 g/t gold over 19.85 m at Queensway Keats West

• New Found Gold reported additional 2025 drill results at its 100%-owned Queensway Gold Project in Newfoundland, aiming to confirm continuity in AFZ Core mineralization and support planned open-pit development.
• Infill drilling across Keats West, Iceberg, and Keats Phase 1 open pits totaled 6,977 m, with highlights including 9.51 g/t Au over 19.85 m at Keats West, 8.4 g/t Au over 12.45 m at Iceberg, and 36.1 g/t Au over 2.0 m at Keats.
• Step-out drilling below proposed Phase 2 pits intersected higher-grade mineralization, including 9.15 g/t Au over 7.15 m below Keats and 14.1 g/t Au over 2.4 m below Iceberg, supporting potential resource additions near planned mining areas.
• Total results covered 22,796 m from 201 diamond drill holes, with about 6% of assays from 2025 drilling still pending for later release.
• Company expects to file an updated Queensway Technical Report with an updated mineral resource in H2 2026; 2026 drilling is underway with four rigs, starting with Phase 2 open-pit resource conversion before shifting to Phase 3 underground conversion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-002282), on May 04, 2026, and is solely responsible for the information contained therein.