New Found Gold Boosts Board and Resumes Exploration at Queensway Project
Vancouver, BC – August 20, 2025 – New Found Gold Corp. (TSXV: NFG, NYSE-A: NFGC) has announced significant developments following its Annual General and Special Meeting, including the addition of a seasoned mining executive to its Board of Directors and the recommencement of crucial exploration activities at its flagship Queensway Gold Project in Newfoundland and Labrador.
The meeting, held on August 20, 2025, saw shareholders approve key resolutions, paving the way for strategic advancements within the company. A highlight of the proceedings was the election of Mr. Peter O’Reilly to the Board of Directors. Mr. O’Reilly brings a wealth of experience to New Found Gold, having served in executive leadership roles within the mining industry for over two decades. His expertise is expected to be instrumental in guiding the company’s strategic direction and operational growth.
In conjunction with the Board appointment, New Found Gold is pleased to confirm the restart of its comprehensive exploration program at the Queensway Gold Project. This initiative is designed to build upon the project’s promising results to date and further delineate the potential of its extensive gold mineralization. The Queensway Gold Project, located in the highly prospective Central Newfoundland Gold Belt, has been a focal point for the company, demonstrating significant potential for high-grade gold discoveries.
The resumption of exploration activities underscores New Found Gold’s commitment to unlocking the full value of the Queensway asset. The program will encompass a range of geological and geophysical surveys, coupled with a targeted drilling campaign aimed at expanding known mineralized zones and identifying new areas of interest. The company anticipates that these efforts will provide valuable data to inform future development decisions and enhance shareholder value.
“We are delighted to welcome Peter O’Reilly to our Board. His extensive experience and proven track record in the mining sector will be an invaluable asset as we continue to advance our projects,” stated Mr. Craig Newton, CEO of New Found Gold. “Furthermore, the restart of our exploration program at Queensway marks an exciting new phase for the company. We are eager to continue uncovering the significant gold potential that we believe exists within this highly prospective property.”
New Found Gold Corp. is actively engaged in the exploration and development of its mineral properties. The company’s primary focus remains on the Queensway Gold Project, where it has made several notable discoveries. With a strengthened Board and a revitalized exploration strategy, New Found Gold is well-positioned to pursue its growth objectives and deliver on its commitment to creating sustainable value for its stakeholders.
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