New Found Gold Announces Queensway Gold Project Revised PEA and Updated MRE: After-Tax NPV Increases to $1.7 B with 126% IRR; Measured and Indicated Mineral Resource Increases by 38%

With stronger economics and an expanded resource base, Queensway is fully funded to become Canada’s next mid-tier gold producerAll dollar amounts are in Canadian dollars unless otherwise stated.Vancouver, British Columbia–(Newsfile Corp. – October 22, 2026) – New Found Gold Corp. (TSX: NFGC) (NYSE American: NFGC) (“New Found Gold” or the “Company”), a new Canadian gold producer, is pleased to announce positive results for a revised Preliminary Economic Assessment (“PEA” or the “Study”) and…

Source: https://www.newsfilecorp.com/release/319963/New-Found-Gold-Announces-Queensway-Gold-Project-Revised-PEA-and-Updated-MRE-AfterTax-NPV-Increases-to-1.7-B-with-126-IRR-Measured-and-Indicated-Mineral-Resource-Increases-by-38