New Found Gold Corp.

Data Verification

The data used in the MRE is supported by Quality Assurance and Quality Control ("QA/QC") procedures, such as the insertion of certified standards, duplicates and blanks into the sample stream and the utilization of certified independent analytical laboratories for all assays. The QA/QC data and methodology on the project were reviewed and will be summarized in the Technical Report.

Christian Beaulieu, P.Geo. of Minéralis Consulting Services Inc., an independent QP in accordance with the requirements of NI 43-101, has reviewed the adequacy of sample preparation, security, and analytical procedures conducted by New Found Gold from 2019 through to the closure date of the database (February 28, 2026). This review found no material issues or inconsistencies that could materially affect the quality or reliability of the data. The QP is of the opinion that:

• New Found Gold’s sample preparation procedures are appropriate for the deposit type and mineralization style,

• Analytical methods used, including fire assay, photon assay, and screen fire assay, are suitable for determining gold grades at Queensway. Sufficient tests and checks were conducted to validate photon assay as the primary assaying method,

• The QA/QC program, which includes certified reference materials (“CRMs”), blanks, field duplicates, and umpire check assays is well-structured, meets industry standards, and provides confidence in the assay data, and

• Sample security measures and chain of custody protocols are sufficient to ensure the integrity of the data.

Overall, Mr. Beaulieu is of the opinion that New Found Gold's sampling, analytical methods, and QA/QC program meet industry standards and are suitable for use in the MRE.

Data verification for the drill hole database included comparing gold assay values used to support the MRE against the original analytical certificates from ALS and MSALBAS, the primary laboratories used by New Found Gold between 2018 and 2026, as well as from Eastern Analytical Ltd. as a secondary laboratory. QA/QC results were also verified for potential precision or accuracy issues that could impact the MRE. Core samples and outcrops were also inspected against gold grades and lithological descriptions.

Mr. Beaulieu identified no material discrepancies that would impact the validity of the MRE and is of the opinion that the verification process confirms the reliability of the assay database, ensuring its suitability for use for the MRE.

In accordance with NI 43-101, Mr. Beaulieu conducted a site visit to Queensway and related facilities on October 14 to October 15, 2025. During this site visit, the Mr. Beaulieu inspected mineralized drill core intervals of major deposits (Keats, Keats West, Iceberg, K2), visited the Keats, Iceberg and Lotto trenches (mineralized outcrops), inspected the logging facilities and visited the core storage areas. He also interviewed Company personnel on the geology of Queensway, general logging procedures, sampling and QA/QC protocols. Mr. Beaulieu also verified collar locations using a handheld GPS.

New Found Gold provided full access to all facilities and personnel during the visit. Mr. Beaulieu was accompanied by New Found Gold personnel.