New Found Gold Confirms High-Grade Gold Mineralization Over Broad Widths from Keats Zone Initial Grade Control Drilling, Queensway Gold Project: 219 g/t Au over 9.35 m from 19.00 m and 160 g/t Au over 10.30 m from 15.80 m

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[{"type":"text","content":"New Found Gold Confirms High-Grade Gold Mineralization Over Broad Widths from Keats Zone Initial Grade Control Drilling, Queensway Gold Project: 219 g/t Au over 9.35 m from 19.00 m and 160 g/t Au over 10.30 m from 15.80 mVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (\"New Found Gold\" or the \"Company\") is pleased to announce initial results from grade control drilling at the Keats zone (\"Keats\") excavation in the AFZ Core (\"AFZC\"), completed 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:Keats excavation grade control program:219 g/t Au1 over 9.35 m2 from 19.00 m (NFGC-25-GC-005)160 g/t Au over 10.30 m from 5.10 m (NFGC-25-GC-009)105 g/t Au over 10.20 m from 15.80 m (NFGC-25-GC-007)24.7 g/t Au over 26.25 m from 34.25 m (NFGC-25-GC-007)35.3 g/t Au over 12.85 m from 36.25 m (NFGC-25-GC-006)27.1 g/t Au over 12.85 m from 14.65 m (NFGC-25-GC-012)142 g/t Au over 2.25 m from 4.15 m (NFGC-25-GC-004)50.8 g/t Au over 4.10 m from 0.00 m (NFGC-25-GC-003)17.1 g/t Au over 11.85 m from 21.45 m (NFGC-25-GC-009)9.61 g/t Au over 18.05 m from 25.25 m (NFGC-25-GC-003)9.29 g/t Au over 15.40 m from 1.10 m (NFGC-25-GC-008)38.3 g/t Au over 3.40 m from 4.10 m (NFGC-25-GC-011)Melissa Render, President of New Found Gold stated: \"We are excited to share these first results from grade control drilling at the Keats excavation, which continue to define the high-grade tenor of the near-surface portion of this zone. These results provide detailed data to further validate our resource models, specifically with respect to grade top cutting and influence limiting of high-grade intersections in advance of a MRE update and further mine planning. We look forward to updating the market with further results from grade control drilling at both Keats and Iceberg.\"\"The program was executed safely and successfully over challenging topography. I would like to take this opportunity to acknowledge our hard-working employees and contractors for their efforts,\" continued Ms. Render. Work SummaryThe results presented in this release include the first 16 of 84 diamond drill holes (\"DDH\"), or approximately 20%, of the results from the Com...

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