New Found Gold Corp Strengthens Leadership with New Board Appointments

Leadership Transformation at New Found Gold Corp

New Found Gold Corp. is excited to announce pivotal changes in its leadership as it welcomes new board members and appoints Paul Huet as Independent Chairman of the Board. This strategic move aims to bolster the governance and growth prospects of the company.

Paul Huet, along with William Hayden and Melissa Render, joins the Board following a fruitful Annual General Meeting, with the overall objective of guiding New Found toward a promising future. This restructuring is crucial as the company continues to advance the developments at the Queensway Project.

Insights from New Found's Executives

Collin Kettell, the Chief Executive Officer of New Found, expressed his excitement over Paul Huet's appointment. He stated, “On behalf of the Board and management, I am pleased to welcome Paul as Independent Chairman of the Board. His extensive experience as a mining executive highlights his capability to enhance shareholder value. His previous leadership roles with Karora and Klondex demonstrate his capacity to unlock potential in mining projects.”

Moreover, Huet acknowledged the opportunity with enthusiasm, stating, “Joining New Found at this transformative juncture is thrilling. With past experiences in turning exploration companies into successful entities, I see the incredible potential in the Queensway Project. I am motivated to help elevate this venture and unleash its maximum capabilities.”

New Board Members Bring Rich Experience

The expertise brought by the new board members is a key asset to New Found. Paul Huet not only served as CEO of Americas Gold and Silver but also played critical roles in major acquisitions, making him an invaluable addition as the Independent Chairman. His educational background further solidifies his profile as a leading force in the mining sector.

William Hayden brings over 38 years of geological exploration experience, significantly enriching the Board’s capabilities. His work at Ivanhoe Mines provides him with deep insights into global mineral exploration, particularly in Africa and Asia-Pacific regions. His understanding of the industry will help steer New Found through its operational pursuits.

Meanwhile, Melissa Render, serving as VP of Exploration since 2021, brings over a decade of solid exploration experience, especially in orogenic gold. Her history of managing global exploration projects will support New Found in making strategic choices regarding the Queensway Project.

Annual General Meeting Highlights

The company’s Annual General Meeting showcased significant resolutions, including the appointment of five directors, the approval of KPMG LLP as the Company’s auditor, and sanctioning a 10% rolling stock option plan. These measures reflect the commitment to transparency and appropriate governance.

New Found’s leadership is keen to ensure that necessary resolutions enhance the operational framework as they concurrently work on significant projects. The strategies put in place are designed to attract investment while maintaining efficient operations.

About New Found Gold Corp.

New Found Gold Corp. holds an impressive 100% interest in the Queensway Project, located strategically near key infrastructure. This includes ease of access due to proximity to major highways and a skilled workforce ready to advance mining operations. Currently, New Found is undertaking an ambitious 650,000-meter drill program at Queensway, supported by approximately $28 million in cash and marketable securities to fuel this vital effort.

With the new board composition and a clear strategic vision, New Found Gold Corp. is poised to maximize shareholder value and explorative success in the mining landscape. The expertise of the new board members, led by Paul Huet, signifies a determined path forward for this promising venture.

Frequently Asked Questions

Who are the new board members of New Found Gold Corp.?

The new board members include Paul Huet, William Hayden, and Melissa Render, each bringing a wealth of experience in the mining industry.

What is Paul Huet's role in the company?

Paul Huet has been appointed as the Independent Chairman of the Board, overseeing the strategic direction of New Found Gold Corp.

What recent resolutions were passed at the Annual General Meeting?

At the Annual General Meeting, resolutions included the appointment of directors, the selection of KPMG as the auditor, and the approval of a stock option plan.

What is the focus of the Queensway Project?

The Queensway Project aims to explore and develop significant mineral resources capable of adding economic value and enhancing company performance.

How is New Found Gold Corp. funded for its projects?

As of December 2024, New Found Gold Corp. has approximately $28 million in cash and marketable securities to support its ambitious drilling programs.

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