New Found Gold is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of 21,400,000 charity flow-through common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act at a price of C$2.29 per Charity Flow-Through Common Share, and 4,370,000 common shares at a price of C$1.63 per Common Share, for aggregate gross proceeds of C$56,129,100 . The first tranche of the Offering consists of 15,265,000 Charity Flow-Through Common Shares and 4,370,000 Common Shares for aggregate gross proceeds of C$42,079,950. The first tranche of the Offering was completed pursuant to an underwriting agreement dated May 29, 2025 , entered into among the Company and a syndicate of underwriters led b...