Amendment: SEC Form SCHEDULE 13D/A filed by New Found Gold Corp

On August 27, 2025, the Issuer completed a private placement of its Common Shares to 2176423 Ontario for 12,269,939 Common Shares for gross proceeds of C$20 million (the "Private Placement"). The source of funds for acquiring the Common Shares described herein was the working capital of 2176423 Ontario, which includes income from investments.

Item 4 is hereby supplemented with the following: The Reporting Persons acquired the Common Shares in the Private Placement for investment purposes. The Reporting Persons will continuously evaluate the Issuer's businesses and prospects, alternative investment opportunities and all other factors deemed relevant in determining whether additional shares of Common Shares will be acquired by the Reporting Person or whether the Reporting Person will dispose of any shares of Common Shares. Any actions the Reporting Person might undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments. At any time, the Reporting Persons may acquire additional shares of Common Shares of the Issuer, or retain or sell some or all of shares of Common Shares owned by the Reporting Persons then held, subject to applicable law, in either case in the open market, in privately negotiated transactions or otherwise. Other than as described in this Statement, the Reporting Persons do not have any current plans or proposals which relate to or would result in any of the matters described in Items 4(a)-(j) of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of the investment in the Common Shares and investment alternatives, the Reporting Persons may consider such matters in the future and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, the Reporting Persons may hold discussions with or make formal proposals to management or the board of directors of the Issuer, other stockholders of the Issuer or other third parties regarding such matters.

Item 5 is hereby amended to read: The information provided on the cover pages to this Statement are hereby incorporated by reference. As of the close of business on August 27, 2025, the Reporting Persons acquired or have been granted, and for the purposes of Rule 13d-3 of the Exchange Act, beneficially own, an aggregate of 56,224,015 Common Shares, which represents approximately 23.1% of the 243,007,933 Common Shares outstanding of the Issuer as of August 27, 2025. The acquisition of 12,269,939 Common Shares in the Private Placement, combined with prior issuances of Common Shares by the Issuer where Reporting Persons acquired 11,105,376 Common Shares to maintain their pro rata ownership threshold, resulted in an increase of holdings of approximately 3.4% of the outstanding Common Shares from what was reported in Amendment No. 3.

The responses in rows 7, 8, 9 and 10 of the cover pages to this Statement are hereby incorporated by reference.

Except for the transaction described in Item 3 of this Statement, the Reporting Persons have not engaged in any transaction during the past 60 days involving the Common Shares of the Issuer.

No person, other than the Reporting Persons, is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Shares reported in this Statement.

Not applicable.