NEW FOUND FILES QUEENSWAY GOLD PROJECT NI 43-101 TECHNICAL REPORT

VANCOUVER, BC, Nov. 15, 2024 /CNW/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV:NFG.VN) (NYSE-A:NFGC) is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for New Found's 100% owned Queensway Project, entitled "NI 43-101 Technical Report, New Found Gold Corp.'s Queensway Gold Project in Newfoundland and Labrador, Canada: 2024 Property Expansion and Exploration Update", with an effective date of November 1, 2024 (the "Technical Report"). The purpose of the Technical Report is to provide an update on the Queensway Project expanded land position, including the Company's acquisition of the Kingsway Property (as defined below), and new exploration activities. The Technical Report is available under the Company's SEDAR+ profile at www.sedarplus.ca.