New Found Gold CorpTSXV: NFG

Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

· Issued by New Found Gold Corp via CNW

TORONTO, Dec. 24 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

- The shareholders of Miramar Mining Corporation (TSX:MAE) have accepted

the $CDN6.25 per share cash offer from Newmont Mining Corp. (NYSE:NEM).

Miramar Mining will be removed from the S&P/TSX Composite and Capped

Composite, the S&P/TSX Equity, Capped Equity, Equity Completion and

Equity SmallCap, the S&P/TSX SmallCap, the S&P/TSX Completion, the

S&P/TSX Global Gold and Global Mining and the S&P/TSX Capped Materials

indices effective after the close on Monday December 31, 2007.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

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