New Found Files 2022 Year-End Disclosure Documents

Rhea-AI Summary

New Found Gold Corp. (NFGC) has filed its annual financial statements for the year ended December 31, 2022, along with the corresponding Management’s Discussion and Analysis and Annual Information Form. These documents, termed the '2022 Annual Documents,' are accessible on SEDAR, SEC EDGAR system, and via the Company’s website. New Found holds a 100% interest in the Queensway Project, located near Gander, Newfoundland, which is currently undergoing a 500,000m drill program. The Company is well-funded, possessing approximately $64 million in cash and marketable securities as of April 2023. Shareholders can request hard copies of financial documents for free through the Company’s investor inquiry form.

Positive

• Filed 2022 Annual Documents with Canadian regulators and SEC, improving transparency.
• Well-funded for the ongoing 500,000m drill program with approximately $64 million available.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) announces that it has filed its annual financial statements for the year ended December 31, 2022, the related Management’s Discussion and Analysis, and its Annual Information Form for the year ended December 31, 2022 (together, the “2022 Annual Documents”), with Canadian securities regulators and with the U.S. Securities Exchange Commission (the “SEC”) on Form 40-F, which includes the 2022 Annual Documents as appendices.

The 2022 Annual Documents are available under the Company’s profile on SEDAR at www.sedar.com and the Form 40-F is available under the EDGAR system of the SEC (www.sec.gov). New Found’s financial disclosure documents are also available on the Company’s website at www.newfoundgold.ca.

Shareholders may also receive a hard copy of the financial disclosure documents without charge upon request through the Company’s investor inquiry form on the Company’s website at www.newfoundgold.ca.

About New Found Gold Corp.

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 500,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $64 million as of April 2023.

Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.

Contact

To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to respond to investor inquiries within 24 hours.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230405005815/en/

New Found Gold Corp.

Per: “Collin Kettell”

Collin Kettell, Chief Executive Officer

Email: ckettell@newfoundgold.ca

Phone: +1 (845) 535-1486

Source: New Found Gold Corp.

FAQ

What financial documents did New Found Gold Corp. file recently?

New Found Gold Corp. filed its annual financial statements, Management’s Discussion and Analysis, and Annual Information Form for the year ended December 31, 2022.

How much cash does New Found Gold Corp. have as of April 2023?

As of April 2023, New Found Gold Corp. has approximately $64 million in cash and marketable securities.

Where can I access New Found Gold Corp.'s 2022 Annual Documents?

The 2022 Annual Documents can be accessed on SEDAR, the SEC EDGAR system, and the Company’s website.

What project is New Found Gold Corp. currently working on?

New Found Gold Corp. is currently undertaking a 500,000m drill program at the Queensway Project in Newfoundland.