New Found Gold : Notice of Annual General Meeting of Shareholders

Notice of Annual General Meeting of Shareholders

NOTICE IS HEREBY GIVEN that the annual general meeting (the "Meeting") of the shareholders of New Found Gold Corp. (the "Company" or "New Found") will be held at 10:00 a.m. (Pacific Time) on Thursday, December 8, 2022, at Suite 2600, 595 Burrard Street, Vancouver, British Columbia.

The purpose of the Meeting will be to:

1. receive and consider the audited annual financial statements of the Company for the fiscal period ended December 31, 2021, with the report of the auditors therein;
2. elect five directors and fix their terms of office;
3. appoint Crowe MacKay LLP as auditors of the Company for the ensuing year and authorize the directors to fix their remuneration;
4. consider and, if thought fit, pass an ordinary resolution to ratify, confirm, and approve the Company's Amended Stock Option Plan as described in the Information Circular; and
5. transact any other business as may properly come before the Meeting or any adjournments thereof.

You have the right to vote your shares if you were a New Found shareholder on November 3, 2022, the record date for the Meeting which was fixed by resolution of the Board of directors of the Company.

The accompanying management information circular (the "Information Circular") provides additional information relating to the matters to be dealt with at the Meeting and is deemed to form part of this Notice. No other matters are contemplated; however, any permitted amendment to or variation of any matter identified in this Notice may properly be considered at the Meeting. The Meeting may also consider the transaction of such further and other business as may properly come before the Meeting or any adjournment or postponement thereof. Accompanying this Notice is a (i) form of proxy or voting instruction form, and

1. financial statements request form.
   Impact of COVID-19

The Company is carefully monitoring the public health recommendations and orders related to the COVID- 19 pandemic and our first priority is the health and safety of our communities, shareholders, employees, and other stakeholders. To mitigate risk and to comply with all recommendations, orders, safety measures and protocols related to COVID-19, shareholders are encouraged to vote their proxy by mail, internet, or telephone and to listen to the live Meeting via conference call using the dial-in number below. Please see information in the Information Circular on how to vote. To be valid, your proxy must be received by Computershare, the Company's transfer agent, no later than 10:00 a.m. (Pacific Time) on December 6, 2022, or not later than 48 hours before the time of any adjourned Meeting (excluding Saturdays, Sundays, and holidays). The Chair of the Meeting has the discretion to accept late proxies. The Company is providing the dial-in number to the Meeting so that shareholders or proxyholders can listen to the live Meeting. Shareholders listening to the live Meeting will only be entitled to vote by proxy and will only be counted in quorum if they send their proxies to the Company, as described above. The dial-in number for the live Meeting is an accommodation for shareholders and proxyholders who wish to hear the live Meeting without attending in person.

If any shareholder does wish to attend the Meeting in person, please contact Penny Johnson at [e-mail] order for New Found to determine whether arrangements can be made that comply with all recommendations, regulations, and orders related to the COVID-19 pandemic in effect at the time of the Meeting. No shareholder who is experiencing any symptoms of COVID-19, including fever, cough, or difficulty breathing will be permitted to attend the Meeting in person.

20221103 New Found Gold Corp.

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The Company may take additional precautionary measures in relation to the Meeting as necessary in response to further developments related to the COVID-19 pandemic and shall comply with all applicable health and safety recommendations, regulations, and orders related thereto. In the event it is not possible or advisable to hold the Meeting in person, the Company will announce alternative arrangements for the Meeting as promptly as practicable, which may include holding the Meeting entirely by electronic means.

Shareholders may use the following information to listen to the Meeting via conference call.

Dial-inNumber:	1-647-794-5613
Access Code:	472 095 823#

If you have any questions relating to the Meeting, please contact the Company by email at [e-mail].

Dated at Vancouver, British Columbia this 3rd day of November 2022.

BY ORDER OF THE BOARD OF DIRECTORS

"Collin Kettell"

Collin Kettell

Chief Executive Officer and Director

20221103 New Found Gold Corp.

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