New Found Gold Secures US$146.9 Million (C$205 Million) Financing Package to Advance Gold Projects

New Found Gold Corp. has secured a US$146.9 Million (C$205 Million) financing package comprising a US$71.66 Million (C$100 Million) bought deal equity financing and a US$75.24 Million (C$105 Million) senior secured credit facility with EdgePoint Investment Group, with additional cornerstone participation from Eric Sprott.

The financing provides significant capital to advance New Found Gold's 100%-owned Queensway Gold Project in Newfoundland and Labrador, while supporting the development and ramp-up of the Hammerdown Gold Project and broader corporate and working capital requirements.

The transaction empowers New Found Gold's funding position as it advances its Canadian gold assets and moves towards expanded production. The substantial financing package also reflects continued investor confidence in Newfoundland and Labrador's gold sector and the company's strategy to develop its growing portfolio of high-potential mineral assets.

Advisory Team

MILLER THOMSON LLP

Florind Polo

Zachary Masoud

Sam Kelley

Connor Broude

Calvin Wang

Vittoria Blanco

Kathryn Walker