# 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 *2025-12-01T02:00:00-05:00* 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 Vancouver, 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 Au1over 9.35 m2from 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 Summary** The results presented in this release include the first 16 of 84 diamond drill holes ("**DDH**"), or approximately 20%, of the results from the Company's recently completed Keats excavation grade control drill program ("**KEGCDP**"). This phase of work was designed to improve confidence in the grade distribution of high-grade, near-surface mineralization and support mine planning as outlined in the Preliminary Economic Assessment ('**PEA**') Phase 1 open pits (see the New Found Gold news release dated [July 21 2025](https://api.newsfilecorp.com/redirect/rpR3yU8nP3)). This press release reports results from an initial 638 m of drilling across 16 DDH completed in H2/25 (Figures 1 to 3). The full KEGCDP comprises 84 DDH totalling 2,772 m; remaining results will be reported as they become available. Drill highlights, along with detailed results for these 16 DDH, are provided in Tables 1 to 3 below. [](https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_001full.jpg) _**Figure 1:**Plan view map of the AFZ Core with location of Keats and Iceberg excavation grade control drill programs._ To view an enhanced version of this graphic, please visit: [https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_001full.jpg](https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_001full.jpg) [](https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_002full.jpg) _**Figure 2: **Keats and Iceberg excavations with proposed grade control drill holes and location of results received._ To view an enhanced version of this graphic, please visit: [https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_002full.jpg](https://images.newsfilecorp.com/files/7337/276380_abb1554ed4f48b09_002full.jpg) The KEGCDP tests a volume that is approximately 65 m long by 30 m deep by 40 m wide with a drill spacing of 5 m by 5 m; a near-surface high-grade region that was uncovered as part of the Company's ongoing excavation program (see the New Found Gold news releases dated [September 23, 2024](https://api.newsfilecorp.com/redirect/VvpOXtP3Er), [December 2, 2024](h