• New Found Gold presentation outlined plan to build emerging Canadian gold producer around Queensway Gold Project, supported by newly acquired Hammerdown Gold Project, Pine Cove mill, Nugget Pond HGP.
• Queensway PEA highlighted after-tax NPV5% of C$743 million, after-tax IRR of 56%, payback under 2 years at US$2,500/oz base case, LOM AISC of US$1,256/oz.
• Mine plan showed 1.5 million oz gold over 15-year LOM, phased development starting with 700 tpd high-grade open pit feeding Pine Cove, followed by 7,000 tpd open pit with onsite mill, later underground addition.
• Resource base cited 1.39 million oz indicated at 18.0 Mt grading 2.40 g/t Au, 0.61 million oz inferred at 10.7 Mt grading 1.77 g/t Au.
• Funding update included C$631 million bought-deal financing, C$20 million private placement, evaluation of financing packages for Queensway Phase 1 initial capex of C$155 million.

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 on May 05, 2026, and is solely responsible for the information contained therein.