New Found Gold Corp V.NFG

New Found Announces Acquisition of Royalty Interests

[Betteryear2]

July 30, 2024 06:30 AM Eastern Daylight Time

VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce that it has entered into three royalty purchase agreements (the “Royalty Purchase Agreements”) with arm’s length royalty holders (together, the “Vendors” and each, a “Vendor”), whereby New Found will purchase part of each Vendor’s royalty interest.

New Found Announces Acquisition of Royalty Interests Underlying Keats South and Several Additional Zones at Queensway | Business Wire

[Betteryear2]

Greg Matheson, COO of New Found, stated: “Following this transaction, all significant mineralized zones along the Appleton Fault Zone will be covered by a minimal royalty burden. As shown in Figure 1 below, at Golden Bullet, we have the opportunity to remove all royalties by exercising our right to buy back the remaining 1% NSR. Golden Bullet encompasses the recent discovery of deep