New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV:NFG, NYSE:NFGC) is pleased to announce a finance package consisting of (i) a $100M bought deal equity financing with lead orders from EdgePoint Investment Group Inc. ("EdgePoint") and cornerstone investor Eric Sprott and (ii) a $105M senior secured credit facility with EdgePoint, for total gross proceeds of $205M.