New Found Gold Files Hammerdown Gold Project NI 43-101 Technical Report

Executive Summary

• New Found Gold Corp. filed a NI 43‑101 Technical Report for its 100% owned Hammerdown Gold Project, titled “Preliminary Economic Assessment, Newfoundland and Labrador, Canada,” with an effective date of February 18 2026.
• The report was prepared by WSP Canada Inc., authored by a team of qualified persons, and is now publicly available on SEDAR+ and the SEC’s EDGAR system.
• The filing underscores the Company’s ongoing effort to advance Hammerdown toward commercial gold production and highlights forward‑looking statements about district‑scale potential at its Queensway project.

Key Details

• Technical Report Title: “New Found Gold Corp. Hammerdown Gold Project Preliminary Economic Assessment, Newfoundland and Labrador, Canada.”
• Effective Date of Report: February 18 2026.
• Regulatory Compliance: Filed in accordance with National Instrument 43‑101 (NI 43‑101).
• Availability: Accessible via New Found Gold’s SEDAR+ profile (www.sedarplus.ca) and the SEC EDGAR system (www.sec.gov).
• Prepared By: WSP Canada Inc.
• Qualified Persons (Authors): Stephen Coates, P.Eng.; Christian Beaulieu, P.Geo.; Michael Levy, P.Eng.; Chafana Hamed Sako, P.Geo.; James Guiraud, P.Geo.; Stacy J. Freudigmann, P.Eng.; Sheldon H. Smith, P.Geo.; J. Alex Mcintyre, P.Eng.; Neil J. Lincoln, P.Eng.; Dachun (David) Jin, P.Eng.; William Richard McBride, P.Eng. – all independent of New Found Gold.
• Company Statements: CEO Keith Boyle, P.Eng., reviewed and approved the scientific and technical information; he also certified that the release accurately represents the underlying data.
• Forward‑Looking Information: The filing includes expectations regarding advancing the Queensway project to production, bringing Hammerdown into commercial gold production, recent drilling results indicating a +110 km strike potential at Queensway, and overall growth strategy.

Notable Quotes

“The Company is currently focused on advancing its flagship Queensway to production and bringing the Hammerdown deposit into commercial gold production.” – Keith Boyle, P.Eng., Chief Executive Officer

Materiality Assessment: Material – Positive (the filing provides substantive project‑level economic information that could influence investor decisions).