New Found Gold prices 33,800,000-share bought deal at CAD 2.96 each

• New Found Gold launched bought-deal follow-on offering of 33,800,000 common shares at CAD 2.96 each for gross proceeds of CAD 100 million.
• Underwriters received 30-day over-allotment option for up to 5,070,000 additional common shares at CAD 2.96 for up to CAD 15 million in extra gross proceeds.
• Offering is led by BMO Nesbitt Burns, alongside SCP Resource Finance as joint lead underwriters and joint bookrunners.
• Closing is expected April 27, 2026.
• Underwriters’ cash fee is set at 5.25% of gross proceeds, reduced to 1% for president’s list sales up to CAD 21 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Found Gold Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-047554), on April 23, 2026, and is solely responsible for the information contained therein.