13 December, 2004

Vancouver December 13, 2004. New Guinea Gold Corporation ("the Company") has appointed Dr David Lindley Vice President Exploration. Dr Lindley was previously Manager, Papua New Guinea for the company, and his new role reflects the increased expenditure and commitment the Company has to exploration and mine development in Papua New Guinea. Vangold Resources Ltd., the Company's joint venture partner in the Feni Project, and equity partner in Kanon Resources Ltd., has also appointed Dr. Lindley Vice President Exploration for their company.

The Company operates Kanon Resources Ltd. on behalf of the equity partners and also carries out the exploration at the Feni project for Vangold on a fee-paid, contract basis.

The Company has been exploring in Papua New Guinea for 8 years and is preparing three gold properties for development, with initial production at the rate of 40,000 ozs of gold per year expected to commence in mid 2005. Each project's area of development to date represents less than 1% of the Company's entire tenements in Papua New Guinea.

Dr Lindley has been practising as a geologist, mainly in Papua New Guinea, since 1977. He has previously worked for CRA Exploration (now Rio Tinto), Esso Papua New Guinea Inc. (Exxon Minerals) and Highlands Gold. Dr Lindley has an extensive knowledge of the geology, mineralisation, government liaison and indigenous culture of Papua New Guinea. Dr Lindley has a BSc and PhD from the University of New South Wales, Australia, and is a Member of the Australian Institute of Geoscientists.

To assist Dr Lindley in overall management and technical oversight, the company proposes to appoint a Chief Geologist, Papua New Guinea, in the near future. The Company now has a fully operational exploration team based in Papua New Guinea with offices in Kokopo, Alotau and at the initial mine site at Sinivit. Exploration Managers for northern and southern Papua New Guinea are John Kirakar and Linus Kameko, both Papua New Guinea national geologists, each with more than 20 years experience. The Company also employs a Community Relations Manager, Martin Paining, and six other Papua New Guinea National geologists plus support personnel.

Project development is expected to commence at the Sinivit mine site in February 2005 and we expect to appoint a construction manager for the mine development in January 2005.

Further to our news release dated December 7th, 2004 "New High Grade Trench Results at Mt Penck" we wish to advise that in the trench table under the third column "INTERCEPTS" in the 5th row, the data should read 18m at 7.72 g/t gold, not 8m, the release has been amended at our web site, newguineagold.ca

The Board of Directors has approved an amendment to the terms of 2,209,172 warrants issued pursuant to a private placement on December 29, 2003. The warrants are exercisable for a period of one year at a price of $0.45 per share. Subject to the approval of the TSX Venture Exchange, the Board has agreed to extend the length of the term of the warrants to December 29, 2005. The price of the warrants remains at $0.45 per share.


ON BEHALF OF THE BOARD

"R.D.McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

07 December, 2004

Vancouver 7^th December 2004. Bulldozer trench results, which complement the recently released initial drill program results from Kavola East prospect, Mt Penck property in Papua New Guinea, have given excellent gold results. These results, together with the drill results, will allow an initial resource estimate to be calculated. An independent qualified person in accordance with NI 43-101, has been engaged to complete the calculation and is expected to report in January 2005.

The bulldozer trenches intersected wide intervals of gold mineralisation such as 20m of 4.73g/t gold; 18m of 7.72g/t gold including 3m of 42.8g/t gold and 90.3g/t silver; 18m of 3.79g/t gold including 2m of 40.4g/t gold and 48.8g/t silver. Full results are set out below which confirm and extend the mineralisation encountered in drill intersections of such as 72m of1.49 g/t, 2m of 36.7 g/t gold and 46 m of 1.2 g/t gold.

The drill and trench results suggest that several structures exist at Kavola East prospect which contain high grade gold, 20 to 40g/t, over widths of up to 3 metres. Lower grade gold mineralisation of up to 5g/t gold has penetrated and permeated structurally prepared and permeable volcanic units laterally from the structures for up to 50/60 metres, with trace gold (0.1g/t) penetrating several hundred metres from the structures.

The initial drilling did not close off the Kavola East mineralisation and further drilling will be carried out in 2005 to test for extensions. This drilling is likely to increase the resource expected to be announced in January 2005.

In addition to Kavola East, there are at least six named prospects within a few kilometres of each other at Mt Penck. Prior diamond drilling on one of these prospects intersected 33m of 2.41 g/t gold including 12m of 5.05 g/t gold. It is expected that these prospects, when trenched and drilled in 2005, will also add to the initial resource expected in January 2005.

New Guinea Gold has an effective 60% interest in the Mt Penck property with the remaining 40% held by Vangold Resources Ltd.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD

"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

06 December, 2004

Vancouver 6^th December 2004. Two drill holes to test for high grade gold bearing structures and a northern extension of the disseminated gold mineralisation at the Weioko Prospect, Sehulea Property, Papua New Guinea intersected gold grades of up to 23.5g/t, within a 14m intersection of 4.56g/t gold.

The Weioko prospect is owned 100% by New Guinea Gold Corporation and has an inferred resource of 84,000 ozs gold equivalent, or 1.7 million tonnes at 1.36g/t gold and 12.3g/t silver. Subject to the completion of additional drilling, and a feasibility study, this prospect is scheduled for development in 2006/2007.

Previous trench results at the northern end of the prospect have given high grade gold results at surface such as 16m of 20.3g/t gold, suggesting that high grade structures occur within the overall, lower grade, bulk mineable gold resource.

Two short drill holes targeted this concept and were successful in intersecting significantly higher gold grades than the resource average grade. Hole WEH 031, total depth of 64.8m, intersected 21m of 3.59g/t gold from a shallow depth of 7m to 28m downhole. Within this intersection a high grade structure containing 4m of 11.55g/t gold, including 1m of 23.5g/t gold was encountered.

Hole WEH 30 intersected more typical Weioko grades including a 51m intersection from 3m below surface to 54m downhole of 1.33g/t gold. This intersection contained several higher grade intervals including 6m at 2.44g/t gold, and 4m at 3.68g/t gold (with a high value of 6.81g/t gold).

These results are very encouraging and, with further drilling in 2005, should lead to an upgrading of the resource for this prospect. In addition the southern and depth extent of mineralisation have not yet been closed off.

Several other prospects with significant gold at surface occur within a few kilometres of Weioko and have yet to be drilled.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD

"R.D.McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

26 November, 2004

Vancouver 26^th November 2004. New Guinea Gold corporation (NGG) advises that bulldozer trench 2 at Simuku porphyry copper/molybdenum prospect (90% NGG, 10% W.S.Yeaman) encountered substantial intervals of copper and molybdenum mineralisation.

The results are considered excellent for surface samples, particularly in view of the current geological interpretation of the prospect that there has been substantial leaching of copper minerals from the surface environment. We would expect substantially higher grades at depth within a secondary enriched chalcocite (copper) "blanket". NGG believes that potential exists to define two styles of mineralisation at Simuku.

• near surface secondary enriched copper mineralisation consisting primarily of chalcocite with copper grades of 0.5% to 1.0% copper.

• zones of primary molybdenum/copper mineralisation with grades of 0.03% to 0.05% of MoS₂, 0.3% to 0.5% copper, and minor gold (0.05 to 0.1g/t gold).

Results from trench 1 were released in a Press Release dated 12th November 2004.

Trench 2 (for location see enclosed figure) has tested the northern part of a high value copper in soil anomaly (for details see Press Release dated 29 October 2003). This trench contained significant copper over a 1700m length and is still open to the east. This wide zone averaged 0.08% Cu and contained the following higher grade intersections.

Trench 2 Simuku mineralised intervals summary

The highest value part of the copper in soil anomaly is to the south of Trench 2 (see enclosed figure) and has not yet been trenched.

NGG intends to acquire an excavator and bulldozer specifically for the Simuku project and will commence an intensive trenching program early in 2005, which will be followed by drill testing later in 2005. Initial further trenches will test 100, 200 and 400 m south of Trench 2, through the higher value section of the copper in soil anomaly. The topography rises rapidly here and these trenches will provide a cross section through a vertical extent of several hundred metres of the system.

The Simuku porphyry copper/molybdenum system, is at least 4.5kms long and between 500m and 800m wide. Prior to 1997, 12 drill holes totalling 1482m and approximately 4.5 kms of trenching were completed, all in the northern quarter of the system (see enclosed figure). Results are shown on NGG's web site at www.newguineagold.ca. These results showed extensive primary copper mineralisation of the order of 0.35% with higher grade zones greater than 0.5% copper. Best trench results were 33m of 0.63% copper, 0.2g/t gold and 77ppm molybdenum; 48m 0.68% copper, 0.12g/t gold and 691ppm molybdenum.

The system is still open to the north and south.

The Simuku property has good logistics with road access to the provincial capital and port of Kimbe.

NGG has interests in 10 gold and two copper projects in Papua New Guinea and operates 10 of these projects. All of these projects have potential to develop into multi-million ounce gold deposits similar to other such deposits or mines presently operating in Papua New Guinea.

Gold resources already total in excess of 400,000 ozs and initial gold production is projected at 40,000 ozs gold/annum, scheduled to commence in July 2005.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD

"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factormay also affect the actual results achieved by the company.

23 November, 2004

Vancouver 23^rd November 2004. New Guinea Gold corporation (NGG) advises that bulldozer trench 2 at Simuku porphyry copper/molybdenum prospect (90% NGG, 10% W.S.Yeaman) encountered substantial intervals of copper and molybdenum mineralisation.

The results are considered excellent for surface samples, particularly in view of the current geological interpretation of the prospect that there has been substantial leaching of copper minerals from the surface environment. We would expect substantially higher grades at depth within a secondary enriched chalcocite (copper) "blanket". NGG believes that potential exists to define two styles of mineralisation at Simuku.

• near surface secondary enriched copper mineralisation consisting primarily of chalcocite with copper grades of 0.5% to 1.0% copper.

• zones of primary molybdenum/copper mineralisation with grades of 0.03% to 0.05% of MoS2, 0.3% to 0.5% copper, and minor gold (0.05 to 0.1g/t gold).

Results from trench 1 were released in a Press Release dated 12th November 2004.

Trench 2 (for location see enclosed figure) has tested the northern part of a high value copper in soil anomaly (for details see Press Release dated 29 October 2003). This trench contained significant copper over a 1700m length and is still open to the east. This wide zone averaged 0.08% Cu and contained the following higher grade intersections.

Trench 2 Simuku mineralised intervals summary

The highest value part of the copper in soil anomaly is to the south of Trench 2 (see enclosed figure) and has not yet been trenched.

NGG intends to acquire an excavator and bulldozer specifically for the Simuku project and will commence an intensive trenching program early in 2005, which will be followed by drill testing later in 2005. Initial further trenches will test 100, 200 and 400 m south of Trench 2, through the higher value section of the copper in soil anomaly. The topography rises rapidly here and these trenches will provide a cross section through a vertical extent of several hundred metres of the system.

The Simuku porphyry copper/molybdenum system, is at least 4.5kms long and between 500m and 800m wide. Prior to 1997, 12 drill holes totalling 1482m and approximately 4.5 kms of trenching were completed, all in the northern quarter of the system (see enclosed figure). Results are shown on NGG's web site at www.newguineagold.ca. These results showed extensive primary copper mineralisation of the order of 0.35% with higher grade zones greater than 0.5% copper. Best trench results were 33m of 0.63% copper, 0.2g/t gold and 77ppm molybdenum; 48m 0.68% copper, 0.12g/t gold and 691ppm molybdenum.

The system is still open to the north and south.

The Simuku property has good logistics with road access to the provincial capital and port of Kimbe.

NGG has interests in 10 gold and two copper projects in Papua New Guinea and operates 10 of these projects. All of these projects have potential to develop into multi-million ounce gold deposits similar to other such deposits or mines presently operating in Papua New Guinea.

Gold resources already total in excess of 400,000 ozs and initial gold production is projected at 40,000 ozs gold/annum, scheduled to commence in July 2005.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD

"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factormay also affect the actual results achieved by the company.

23 November, 2004

Vancouver 23^rd November 2004. Two diamond core holes have been completed at the Weioko prospect, Sehulea property, and 12 diamond core holes at the Imwauna prospect, Normanby property. Drilling is continuing at Imwauna.

1. Imwauna Prospect (100% NGG)

Drilling at Imwauna is testing the sub-surface extent of high grade gold mineralisation reported in a Press Release dated 7 September 2004. Bulk sampling of excavator trenches defined a 1,240m strike length averaging 26.4 g/t gold.

As at 21st November 12 holes totaling approximately 617 metres had been completed.

Half core from the initial 7 holes has been dispatched by airfreight to Australia for assay. Results should be available early in December 2004. Further holes will be completed over the next few weeks and it is anticipated that approximately 1,000m of drill holes will be completed and sampled by early December. The assay results from these subsequent samples will be available in early January 2005. The program "breaks" in early December for the Christmas period and will resume in mid January.

2. Weioko Prospect (100% NGG)

Two diamond core holes, totaling 123.9m, were completed at the Weioko prospect to test beneath high grade gold values in trench such as 16m of 20.3g/t gold.

The holes encountered strong pervasive argillic alteration overprinting propylitic alteration, both cut by hydrothermal quartz veining of variable intensity.

The half core from these holes has been received at the laboratory in Australia and results should be available in early December.

3. Purchase of Drill Rig

New Guinea Gold has contracted to purchase its own man portable core drill rig, with a depth capability of approximately 300m. This drill rig should be available and be operational from February/March 2005 and will allow New Guinea Gold to maintain continuous drilling on its projects throughout the year.

As earlier announced, Kanon Resources (50% NGG and 50% Vangold, with NGG as operator) will also purchase an identical rig and consequently there should be a considerable increase in drill results in 2005.

NGG also owns 3 bulldozers which are used exclusively on exploration activities and intends to purchase an additional bulldozer and excavator for exploration in early 2005, primarily for use on the Simuku copper/molybdenum property.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD


"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

22 November, 2004

Vancouver 22^nd November 2004. Exploration programs to define drill targets for the new year are in progress at the Allemata (50% New Guinea Gold, 50% Vangold), Bismarck (50% New Guinea Gold 50% Vangold) & Mt Nakru (effective 75% New Guinea Gold, 25% Vangold) properties. All programs, based on visual observations, appear to be generating encouraging results.

Assays results has been slow because (a) the samples have to be dispatched by ship from Papua New Guinea to certified laboratories in either Townsville or Brisbane in Australia, (b) laboratories now have long lead times for assays because of the volume of work from expanded exploration programs by many companies.

1. Bismarck Gold Property

Eight hand dug trenches totaling 1,800 metres have been completed at the Awale Prospect. Approximately 540 samples (trench and rock chip) have been collected and shipped to ALS Laboratories in Townsville, Australia. Results should be available mid/late December.

Many of the trenches contained argillically altered shale and siltstone, with associated brecciation and limonite veining. One trench contained stockwork quartz-sulphide veining. The zone of stockwork and brecciation is of 'considerable' (radio communication from field camp) width, can be traced in a NW and SE direction and is open-ended in both directions.

Pannable gold was traced to a large (50mx50m) oxidised breccia outcrop. This was mapped and sampled in detail. Fine alluvial gold is present in virtually all creeks draining the area covered by trenches.


2. Allemata Gold Property

Exploration is proceeding well at Allemata, but the field crew will break in early December for a "Christmas Break".

The programme consists of two phases, the first completed in the Kaiyahedebadeba Creek area (or the western portion of the Milne Bay Goldfield) and the second in the Ulo Ulo Mine area (or eastern portion of the Milne Bay Goldfield). The first phase is now complete and, with the approval of landowners from the Ulo Ulo area, personnel and heavy equipment (Komatsu D65EX bulldozer and Hitachi 290 excavator) have now moved to Ulo Ulo.

Some of the achievements of the first phase of the program include:

• Extension from the base-line of 3 soil lines in the NE of the Haluba Prospect with soil sampling along these lines every 25 m.
  
  
• Extension of hand dug trenches to the ENE on trench 4, 5 and 6 to test the NNE trending breccia zone in the Haluba prospect area and collection of samples at 4 m intervals on the extended trenches.
  
  
• Bulldozer and excavator have been used to clean out the old bulldozer trenches on the Haluba prospect so they can be mapped and re-sampled. Sampling completed on portions of these trenches not previously sampled.
  
  
• Extension of 4 soil lines to the west of the Haluba prospect.
  
  
• Four excavator test-pits completed on the extensive area of surficial pisolite gravels between Wabalam and Kaiyahedebadeba Creeks.
  
  
• New excavator trench of 155 m length over the soil anomaly to the west of the Haluba prospect, trench mapped and sampled.
  
  
• Cleaning out of old hand-dug contour trench at Bwaha prospect, extension of this trench 50m on both ends and sampling at 4m intervals.
  
  
• All other old hand-dug trenches at Bwaha have been cleaned out for mapping.
  
  
• 1:500 scale mapping at Kaiyahedebadeba and at Bwaha is complete.
  
  
• Several hundred trench and rock samples are being dried and held at our Alotau office awaiting dispatch by ship to Townsville, Australia on 03 December 2004. Assay results should be available in January 2005.

3. Mt Nakru Porphyry Copper/Gold Property

The Mt Nakru property is presently being explored by bulldozer trenching at Nakru 1 prospect to define the significance of previous trench intersections such as 245m of 0.80g/t gold. Further trenches are in progress 200m to the north and south of the above trench but will not be completed until early in 2005. No assays are expected before the first quarter of 2005.

Exploration is inhibited at Mt Nakru by up to 8m of volcanic ash which overlies and obscures the mineralised system (similar to the Feni Project). Definitive exploration requires extensive drilling or bulldozer trenching to create outcrop beneath the ash cover.

Mt Nakru consists of four separate but closely spaced copper/gold occurrences. The majority of previous work has focused on Nakru 1 and 2 prospects. At Nakru 1, the target was defined by a 1500 x 500m copper soil anomaly as defined by the 200ppm contour. The 200ppm copper contour enclosed a roughly "figure 8 shaped" 800mx400m soil gold anomaly, as defined by the 50ppb gold contour, the highest value being 3.5g/t gold. The area is also anomalous with respect to arsenic, molybdenum, and tellurium. Values of > 1000ppm copper generally correspond to the higher gold values. Over 2.5 km of earlier bulldozer trenching defined higher grade zones of gold mineralisation including 45m at 2.5 g/t gold, 25m at 1.37 g/t gold, 35m at 1.20 g/t gold and 245m at 0.8 g/t gold.

A total of 9 diamond drill holes (for 1285.6m) by earlier explorers including New Guinea Gold, returned several significant copper-gold intercepts including: NAK001 - 50m at 0.4% copper, NAK002 - 8m at 1.13 g/t gold, NAK003 - 94m at 0.46g/t gold and 0.43% copper, Q74D6 - 204m at 0.4% copper including 74 m at 0.78% coppAt Nakru1 mineralisation is located in the SW corner of a fault graben, associated with a well developed set of low sulphide quartz veins and stockwork, and a later high sulphide vein set, both hosted by rhyodacite lithic tuff breccia and massive rhyodacite (flow domes?). The quartz veins and high sulphide veins are well developed in a core silica-clay-pyrite alteration zone, although the veins appear to post-date this alteration. The quartz veins in particular carry significant chalcopyrite, minor gold and anomalous molybdenum, bismuth +/- silver, tellurium and antimony. The best primary copper mineralisation as defined by surface mapping and nine diamond drill holes occurs within an area roughly 250m by 250m with drill indicated grades of around 0.5% copper. There are possible extensions of this zone to the NE, as defined by previous trenching. The widespread occurrence of mineralised (up to 32 g/t gold) lithic breccia clasts in colluvium (or diatreme) at Nakru 1 also suggest potential for discovery of a significant bedrock source of hypogene gold mineralisation, in addition to porphyry copper/gold mineralisation.

At Nakru 2, rock chip sampling, and costean mapping and channel sampling found higher grade gold and copper mineralisation (mixed oxide sulphide) associated with vug fill between relic rock fragments in argillized, silicified tuffs. Copper minerals were chalcopyrite, with covellite and chalcocite rinds and fracture fillings. The best results included nearly adjacent zones of mineralisation of 25m at 1.43% copper (no significant gold, zinc, molybdenum values) and 24m at 1.06 g/t gold and 0.04% copper, with the best rock chip sample returning 19.1% copper.


4. Mt Penck Gold Property

Geological mapping and channel sampling of trenches, drill roads at Kavola East prospect has been completed. Samples have been dispatched by ship to Australia for assay but results are not expected until January 2004.


5. Drill Rig

To permit more rapid evaluation of prospects in Papua New Guinea, Kanon Resources (50% NGG and 50% Vangold) has contracted to purchase a man portable, diamond core rig for use on Kanon and Vangold properties. This drill should be available from February/March 2005 and will allow continuous drilling programs to be maintained.


The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

Technical reports, in compliance with NI 43-101 have now been completed by an independent, qualified person, for the above Kanon Resources properties.

The reports have been filed with Sedar and are also available on the companies web site at www.newguineagold.ca.

The above properties are effectively held 50% New Guinea Gold and 50% Vangold except for Mt Penck which is owned 60% by New Guinea Gold. New Guinea gold is the operator.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.


ON BEHALF OF THE BOARD


"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

16 November, 2004

PRESS RELEASE

New Guinea Gold Agrees to a Non-Brokered Private Placement for $90,000

November 16, 2004 - Vancouver               New Guinea Gold Corporation - NGG ("the Company") is pleased to announce the Company has agreed to a non-brokered Private Placement of up to 200,000 units at a price of $0.45 per unit with Macedon Gold Mines BV, a Netherlands-based company. The units will consist of one share and ½ non-transferable share purchase warrant. Each whole warrant will be exercisable into an additional share for a period of two years from Closing at an exercise price of $0.55. All units have a four month hold period from Closing date.

Proceeds from this financing will be used primarily to further exploration on the Simuku copper/molybdenum property in Papua New Guinea. The Company reported in a Press Release dated November 12, 2004 that "bulldozer trenching at the Simuku copper property has defined substantial widths of copper/molybdenum mineralization".


ON BEHALF OF THE BOARD


"Judith O'Quinn"
CFO and Corporate Secretary

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

12 November, 2004

PRESS RELEASE

Vancouver - 12^th November 2004. New Guinea Gold Corporation ("NGG") advises that bulldozer trenching at the Simuku porphyry copper property in Papua New Guinea has defined substantial widths of copper/molybdenum mineralisation. The significance of this molybdenum is as yet uncertain, but it could either provide a valuable bi-product in possible future copper mining or may even be of greater value than the copper mineralisation. The Simuku property is owned 90% by NGG and 10% by W.S. Yeaman.

Trench one at Simuku, of total length 1670m, traversed the central/southern part of the porphyry copper system (see Press Release dated 29^th October 2003 for additional detail of Simuku). The mineralogy of the copper and molybdenum mineralisation (substantial jarosite and hematite alteration) over much of the trench suggests significant leaching of copper minerals from the surface environment which could lead to the formation of a subsurface enriched copper zone.

Significant copper and molybdenum occurs over most of the trenched area with results such as 165m of 0.184% copper and 25ppm molybdenum, 30m of 0.223% copper, 72m of 0.073% copper and 241ppm molybdenum, 24m of 0.34% copper and 37ppm molybdenum. The 72m length of 241ppm molybdenum is regarded as particularly significant and re-assaying of part of this zone by the XRF method suggests that the molybdenum results above are understated by between 5 and 25%. Further check assaying by XRF is in progress.

A second trench (2), of comparable length and some 500m to the south of trench one, has now been completed. Channel samples are at the laboratory in Brisbane Australia and results should be available within three weeks.

Further trenching is scheduled to commence in the new year so that a surface appraisal of the entire 4 to 5 km long copper/molybdenum system can be undertaken prior to drill testing.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Director of New Guinea Gold Corporation. Mr. McNeil is a Member of the Australian Institute of Mining & Metallurgy, and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 45 years experience in the mineral exploration industry.

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

01 November, 2004

PRESS RELEASE

November 1, 2004 - Vancouver New Guinea Gold Corporation - NGG ("the Company") is pleased to announce that further to the Company's press release dated September 23, 2004, it has Closed on the Private Placement arrangement with Canaccord Capital Corporation on October 29, 2004. The Offering was over subscribed by 480,000 units for a total offering of 10,480,000 units priced at $0.45 per unit, raising gross proceeds of $4,716,000. The units consist of one share and ½ non-transferable share purchase warrant. Each whole warrant will be exercisable into an additional share for a period of two years from Closing at an exercise price of $0.55. All units have a four month hold period to March 01, 2005. The Agent received a 7.5% cash commission, Agents Warrants equal to 15% of the offering and a fee of 150,000 common shares and 75,000 non-transferable warrants.

Proceeds of this financing will be used primarily for capital costs associated with bringing into production the first one of three gold mines planned to commence production over the next four years. This first mine is named the Sinivit Mine (effective 92% NGG ownership) which is located in Papua New Guinea. Funds will also be used for drilling on the Normanby property (100% NGG ownership) also located in Papua New Guinea.

ON BEHALF OF THE BOARD


"Judith O'Quinn"
CFO and Corporate Secretary



The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

14 October, 2004

Vancouver 14^th October 2004. Recent field work at the Allemata Property (EL 1323) resulted in the definition of high grade gold in trench such as (a 4m width of 100g/t gold) and wide zones of anomalous gold in soils (200m wide zone of 1.24g/t gold including a 50m wide zone of 4.54g/t gold). The Allemata Property is located at the eastern end of the New Guinea mainland ~ 20 km southwest of Alotau.

The results were described in detail in a recent press release dated 10th June 2004.

The Allemata Property is held by Kanon Resources Ltd, a Papua New Guinea company, owned 50% by New Guinea Gold Corporation and 50% by Vangold Resources Ltd.

The partners regard the results from the Allemata Property as very exciting and the property is a high priority for drill testing. The surface field work to date has covered only parts of the Uloulo and Mt Haluba prospects. The present program will complete the soil sampling programs and will test gold anomalous areas with excavator trenching. Drilling will be planned on receipt of these results (expected in December/January), and subject to drill availability, will commence in February 2005.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD


"R.D.McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

13 October, 2004

Vancouver 13^th October 2004. A 2000m trenching program has commenced at the Bismarck (EL 1320) Property which is centered approximately 100km NE of the Porgera Mine in Papua New Guinea. A 2000 metre trenching program has commenced at Bismarck to test the Awale Prospect (see Press Release dated 13th February 2004). The trenching (18 separate trenches are planned) will test the 1000 metre long gold in soil anomaly and is estimated to take 6 weeks. Results should be available in late November / early December.

The Bismarck Property is held by Kanon Resources Ltd, a Papua New Guinea company, owned 50% by New Guinea Gold Corporation and 50% by Vangold Resources Ltd.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr. McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

The Company wishes to clarify a misprint in the Press Release issued yesterday, October 12, 2004. In the first paragraph, the 43m of 2.35 g/t gold interval was included separately when it should have been included as part of the bigger 72m interval. The line should read "Results included 72m @ 1.79g/t gold and 12.9g/t silver including 43m @ 2.35 g/t gold. We regret and apologize for any confusion this may have caused.


ON BEHALF OF THE BOARD


"R.D.McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

12 October, 2004

Vancouver 12^th October 2004. An initial seven hole, 1,000 metre drill program at the Kavola East Prospect, Mt Penck property, Papua New Guinea encountered significant gold intersections in all holes. Results included 72m @ 1.79g/t gold and 12.9g/t silver, 2m @ 36.7g/t gold, 14m @ 2.82g/t gold, 43m @ 2.35g/t gold, 2m @ 15.35g/t gold, 10m of 1.99g/t gold, 6m @ 3.67g/t gold, 13m @ 3.06g/t gold, and 3m of 4.7g/t gold. A full listing of results is shown on the accompanying table.

The Mt Penck property is beneficially owned 60% by New Guinea Gold Corporation and 40% by Vangold Resources Ltd.

The above intersections at Kavola East Prospect are within wide surface intervals of low grade gold such as 49m of 0.23g/t gold and 34m of 0.79g/t gold and almost the entire 1,000m of core contained anomalous gold in the range of 50 to 200ppb gold.

The holes were drilled over a length of 250m of the mineralised system along the presumed Kavola East structure. Five holes were drilled in a south easterly direction and two holes in a south westerly direction. Mineralisation occurred at varying depths in the holes from surface to 160m downhole.

The Kavola East Prospect is obviously a large gold and silver mineralised system and the current drill program tested only a part of the system as defined by surface sampling.

Drill results do not appear to correlate well with surface trench results and the earlier interpretation of a relatively simple, mineralised north easterly trending structure, will need to be modified. Surface geological mapping of the extensive network of drill roads, which created good surface exposure, and channel sampling of these exposures where appropriate, is currently in progress and will assist in the overall geological interpretation of the area and the definition of further drill sites. Further drilling is planned for early 2005.

An initial interpretation of the gold mineralisation is that it is related to quartz stockworking within favourable lava units in the sequence.

All assays were done at ALS - Chemex laboratories in Townsville, Australia. Results are final except for hole MPD007 where the results are still classified as preliminary.

Collar co-ordinates of holes and drill hole azimuths may change slightly with more accurate surveying.

Dr David Lindley, Papua New Guinea manager, has reported his initial interpretation of the drill results as quoted below, however caution needs to be exercised on any interpretation until the surface mapping and sampling have been completed. A comprehensive, surveyed grid, auger soil program may also be necessary before further drilling is undertaken.

"The pattern of mineralisation observed at Mt. Penck is thought to be related to the contrasting structural preparation of lava flow units and interbedded epiclastic rocks, in response to stress within and adjacent to the steeply dipping to vertical Kavola East structure. Competent lavas have brittle fractured and an intense fracturing or stockworking has developed. The permeability thus developed has become the locus of hydrothermal mineral deposition, with the development of stockworks of quartz + "a green mineral" and haematite + pyrite. The widest and most intense zones of stockworking are confined to thick lava flows intersected in the upper part of MPD001, MPD002 and MPD006. This style of mineralisation is best seen in the upper levels (~30-50 m) of MPD006.

By contrast, there is little or no stockwork development within the interbedded epiclastic units. Rather, these units have reacted like a blotting paper, the porosity and permeability of these units resulting in the development of extensive intense and pervasive argillisation, typically of illite grade. It is suggested that, without any mechanism to focus hydrothermal fluids and mineral deposition, any gold is likely to be dispersed and assay results correspondingly low.

This model for mineralisation in Mt. Penck suggests that bulk-mineable grade and tonnage at Kavola East (and elsewhere on the Mt Penck property - EL 1322) may be "built-up" by locating a stacked sequence of relatively thick lava units with good intersecting structures. The apparent pinching and swelling of the Kavola East lode is related to geology (lavas vs epiclastics) and proximity to the Kavola East structure. Only lavas appear to host mineralisation, and hence the outcropping lode and high trench values. Stockworked mineralisation does not appear to have developed in the epiclastic sequence. An appreciation of the bedding attitude of volcanic units is necessary and will be defined by current mapping. Some of the "unusually positioned" trench intersections obtained at the Kavola East Prospect, not accounted for by the present interpretation of the prospect as a linear NNE trending lode, can be easily related to stockwork mineralisation developed in moderately northwesterly dipping lava sheets intersected by the Kavola structure. Such areas include the continuation of gold values well to the west of the Kavola structure in Trench 4 (131 m @ 2.36 g/t Au) and the high grade Trench A (40 m @ 8.89 g/t Au) west of the northern strike extent of the lode, both near the collar of MPD006, which cored a strongly stockworked and altered lava sheet"

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD



"R.D.McNeil"
CHAIRMAN & CEO

23 September, 2004

PRESS RELEASE

Vancouver - 23 September 2004. New Guinea Gold Corporation - NGG ("the Company") is pleased to announce that it has engaged Canaccord Capital Corporation ("Canaccord") to offer, by way of Private Placement ("PP") up to 10,000,000 units of the Company at $0.45 per unit to raise up to $4,500,000. Each unit will consist of a share and ½ non-transferable share purchase warrant. Each whole warrant will be exercisable into an additional share for a period of two years from Closing at an exercise price of $0.55. The units will be offered to buyers in British Columbia, Alberta, Ontario and certain offshore jurisdictions.

Canaccord will receive a cash commission of 7.5% , of which Canaccord may elect to be paid up to half of this commission in Units. Canaccord will receive Agent's Warrants equal to 15% of the offering sold, which will have the same terms as the clients' warrants. Canaccord will be paid a fee of 150,000 Units of the Company (the "Corporate Finance Fee Units") and an administration fee of $7,500.

Proceeds of this financing will be used primarily for capital costs of the Sinivit Mine in Papua New Guinea, working capital and general corporate purposes.

ON BEHALF OF THE BOARD

"Judith O'Quinn"
CFO & Corporate Secretary


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

14 September, 2004

PRESS RELEASE

Vancouver - 14 September 2004. Substantial copper mineralisation has been encountered in a bulldozer trench at New Guinea Gold's ("the Company") South Simuku Propect, Papua New Guinea. The Company holds a 90% interest in the Simuku Propsect, the remaining 10% is owned by W. Stanley Yeaman, Consulting Geologist. Two trenches totalling 3,100 metres in length, have been completed and a third trench will commence in the near future. Channel samples from these trenches have been shipped to a laboratory in Australia for assay. Results should be available in the next two to four weeks.

A description of the Simuku Project and associated map showing soil assay results was published in a press release dated 30th June 2004 and is also available on the Company's web site at www.newguineagold.ca

Dr. David Lindley, the Company's Project Manager has provided the following description of the trenches completed:

These notes present observations made during a detailed inspection of Trench 2 and the acid testing of green minerals and inspection of chalcocite specimens from Trench 1.

Trench 1 is approximately 1,400 m long and is located immediately north of the Simuku River. It was designed to provide continuous exposure across three narrow (100 m each) zones of + 300 ppm copper located during the Company's 2003 grid soil sampling programme at the South Simuku Prospect. Trench 2 is located immediately south of the Simuku River, is approximately 1,700 m long, and passes in a west-north-westerly direction across the lower flanks of Wokayale Hill. The trench was located to provide exposure across a wide (500 m) interval of + 300 ppm copper-in-soil anomaly, contiguous with that present in Trench 1 to the north. Soil profiles in both trenches indicate that, while a discontinuous ash cover is present, it doesn't appear to exceed 50 cm depth. This observation suggests that the results from the 2003 grid soil sampling are reliable.

Extensive exposures of leached cap rock are present in Trench 2. Limonites in this leached capping are dominated by haematite, with generally only minor goethite and jarosite. It is best described as a haematite dominated leached cap. Percentages of all three minerals will be routinely estimated as part of the mapping programme. Malachite is the dominant secondary copper mineral; neotocite may also be present. Acid testing of secondary green minerals, wherever present, failed to detect the presence of antlerite and brochantite. Extensive kaolinite development is present.

Near the southern end of Trench 2, leached cap rock directly overlies a 30-40 m (horizontal) and 5-6 m (vertical) interval of supergene chalcocite. There is a very sharp and colour distinctive contact between the leach cap and supergene zone. Visual estimates of chalcocite vary from 3 to 7%. No chalcocite rimming or coating on pyrite was observed. This is the only locality where there is a substantial development (in terms of vertical and horizontal extent) of chalcocite.

Elsewhere along Trench 2, localized pockets or kernels of chalcocite enrichment are present in what is best called a transition zone between leached cap and the supergene zone. This transition zone is being mapped as a distinct unit. Chalcocite concentration and occurrence in this zone is no different from that in the supergene zone near the southern end of Trench 2. Part of the northern section of Trench 2 passes downhill for 300 m along a steep ridge to a point near the Simuku River. Over the entire length of this downslope section, kaolinite leached cap rock passes to transition zone material, with the (diffuse and irregular) contact paralleling the present-day slope. Primary chalcopyrite mineralisation occurs in potassically altered hydrothermal breccias (a previous spot sample assayed 19% copper) in the Simuku River, downhill from this locality.

The chalcocite occurrences in Trench 2 extend over a distance of 800 m and indicate a significant potential for the development of a sizeable chalcocite blanket. The geology throughout New Britain documents a long history of significant vertical movements that continues to the present. High-level stream gravels, evidence of recent incision of the Simuku River, are present downstream from the prospect area and it is probably very likely that there have been major downward movements of the water table during the weathering of the south Simuku intrusive.

Several hand-specimens from Trench 1 were examined. Malachite is present. Antlerite and brochantite were not present in specimens tested with acid. A representative specimen from the supergene zone, containing chalcocite, was inspected. Chalcocite rimming of pyrite was not observed. This specimen is to be submitted for polished section study.

Work on Trench 3 is due to start in mid-September, once demobilisation of the bulldozer is completed at Mt. Penck. The estimation of relative percentages of haematite, goethite and jarosite in limonites and the receipt of copper assays for leached cap rocks will permit the estimation of primary copper grades using nomograms presented in Anderson (1982). Maps, showing contours of the relative percentage of each of these minerals will also be compiled."

The technical dated was prepared by or under the supervision of Dr. David Lindley, Papua New Guinea Manager for New Guinea Gold Corporation. Dr. Lindley has almost 30 years mining industry experience, many in Papua New Guinea, is a Fellow of the Australian Institute of Geoscientists and meets the requirements of N143-101 for a Qualified Person.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

07 September, 2004

PRESS RELEASE

Vancouver - 7 September 2004. Bulk sampling of 24 excavator trenches over a strike length of 1,240M (4090 feet) of a single vein system at the Imwauna Project, Normanby property gave results as high as 34.17g/t gold with eight trenches returning grades exceeding 20g/t gold. A total of 1254kg (2,760 lbs) of mineralised rock in 26 samples was collected. The arithmetic average of all trenches was 12.9g/t gold which represents a 39% increase on the original channel sample average grade of 9.3g/t gold. The overall grade at surface of the vein is probably higher than 12.9g/t as 11 trenches from a high grade part of the vein which were bulk sampled in late 2002 (a further 611.5 kgs of samples) were excluded from the present program.

If these samples are added to those of the present program the arithmetic average of all trenches/exposures sampled, over the strike length of 1,240m and an average width of one metre, is 26.4g/t gold or almost 1oz gold/tonne.

Column leach metallurgical testing of one 60kg sample, which had a grade of 34.1g/t gold and 64g/t silver, gave favourable gold and silver recoveries of 72% and 53% respectively. The sample was crushed to -6 mm size. Further leach tests are scheduled to refine proposed processing and improve recoveries. Scoping economic studies assumed a gold recovery of 70% and these results are regarded as very encouraging for the future economic development of the Imwauna Mine.

Feasibility studies are underway at Imwauna which are expected to lead to the grant of a mining lease and gold production in 2006.

Chairman and CEO of New Guinea Gold, Bob McNeil will be providing further details on these latest results on behalf of the Company on Thursday 16th of September in Vancouver at Canaccord's Board Room, 22nd Floor, 609 Granville Street from 11 a.m. to 1:00 p.m. To attend call Judith at 604 662 3598, or Luke Norman at Canaccord, 604 643 0178. Bob McNeil will also be in attendance at the Las Vegas Gold Show, September 8th and 9th, Booth 405.

The Normanby property prospects, (Imwauna, Kelas, Knob, and Ebessowa), comprise a vein swarm, with numerous gold bearing veins and some associated inter-vein mineralisation, which extends over more than 8sq kms. The Imwauna prospect is only partially drilled and open at depth, represents less than 20% of the prospective area and thus there is excellent potential to substantially increase resources. An inferred resource of 1.0Mt at 6.1g/t gold and 12g/t silver was calculated by Australian listed company, Macmin Silver Ltd in the late 1990's, based on trenching and 1204m of drilling. Although this resource complies with Australia's JORC code and is referred to by independent qualified person, Peter Christopher, PhD, P. Eng., in his 43-101 report (see NGG's web site), it was calculated prior to N.I. 43-101 classifications. It should therefore be considered to be exploration information only.

Drilling is scheduled to commence at Imwauna late in September, the completion of which should enable revised and hopefully extended resources to be calculated in compliance with NI 43-101.

The bulk sampling reported herein was considered necessary as a part of the feasibility study, to obtain reliable gold grades, because earlier sampling had indicated that small samples tended to give less reliable results which were difficult to duplicate. Although the gold itself is quite fine grained, there can be significant and extreme change in grade across the vein (see Christopher report).

The actual vein, the subject of the present sampling, averages approximately one metre in width, but varies up to several metres or more, (e.g. one drill hole intersected a core length of 3.7m at 94.4g/t gold).

The present bulk sampling compliments a previous bulk sampling program in August 2002. This program was not completed at that time due to limited available funds. When the company raised funds at the end of 2003, our initial priority was completion of a revised feasibility study for the Sinivit Mine.

The earlier program collected a further 611.5kg of sample from 11 trenches and surface exposures. These samples were in a higher grade, central part of the vein and averaged 58.3g/t gold with a peak of 424g/t gold (13.6ozs). If these samples are added to those of the present program the arithmetic average of all trenches/exposures sampled is 26.4g/t gold.

Although the arithmetic average is only a guide to the average grade of the vein at surface, over the 1,240M strike length, as it is based on a total sample weight of 1,851 kg (4,072 lbs) and 37 separate trenches, the result of 26.4g/t gold must be considered very encouraging for future development.

The individual sample weights and gold results are set out in the accompanying table.

Each of the above samples was prepared and assayed at ALS Chemex Laboratories, method AA 26 (50g fire assay), in Townsville, Australia. The entire sample was crushed and 10 splits were taken from each sample to test the reproducibility of gold assays (total of 260 sample assays). Each trench result in the table is the average of 10 assays. The reproducibility proved to be mainly within 20% and is considered good for the type of mineralisation which often contains very fine-grained, native gold.

The proposed Imwauna Gold Mine would be the company's second mine in Papua New Guinea. The company has 100% interest in the property.

The company's Papua New Guinea development strategy is given below and further information is available on the Company's web site at www.newguineagold.ca .

BULK SAMPLE RESULTS

The Company has interests in twelve properties in Papua New Guinea. Four projects are considered core gold projects at this stage, on which the Company's funds are focused. Three of the core properties (Sinivit, Normanby and Sehulea) are partly drilled, have modest resources and/or reserves, and are considered to have untested potential which could yield major gold ore bodies (plus 1 million ozs contained gold). The fourth core project is Mt Penck.

The Company's strategy, based on present resources, is to develop three mines over the next three years. These mines should yield 40,000 ozs gold per annum and a net cash flow of $10 million per annum for four to five years. At the same time as exploration to define additional and new resources proceeds, work on other core projects as well as the remaining projects will be ongoing. The initial mine at Sinivit is planned to be in production by mid 2005.

It is most important to note that none of the proposed mine projects have been fully explored. Exploration was terminated in 1998/1999 due to market conditions and reduced funds available to the Company and its parent company Macmin Silver Ltd. All three mine projects could yield much larger and longer life mines than are presently proposed. The resources defined to date, and considered for mining, come from relatively small parts of large mineralized systems. In particular, Normanby and Sehulea could have multi-million ounce gold potential.

The Sinivit Mine's revised Feasibility Study (see Press Release dated 25 May 2004), is intended as the first of three such studies. The remaining two studies will relate to the proposed Imwauna Mine (Normanby Property), the Weioko Mine (Sehulea Property), and should be completed in 2005 and 2006 respectively. An original Feasibility Study was completed for Sinivit in 1995 by external consultants Ausenco Limited. This feasibility envisaged gold extraction over a three-year period by a 100,000 tonne per annum CIP Plant. However, lower gold prices in the late 1990's delayed the feasibility study process.

A review of the Sinivit Project, which minimizes and reduces the mining/processing period and changes the processing from CIP to non reusable vats, has significantly improved the economics of the project. The Proposal for Development of the Sinivit Gold Project as submitted to the Papua New Guinea Department of Mines, is on the Company's web site at www.newguineagold.ca .

The remaining eight properties in which the Company has an interest are all significant projects with major orebody potential as determined from extensive exploration completed to date. Two properties, which have geological similarities to Lihir and Porgera, Feni and Crater Mountain respectively, have been joint ventured to third parties who are sole funding exploration. The Company considered joint venturing an appropriate strategy for the projects, even though they have significant gold in drill holes and potential in excess of five million contained ozs of gold, because both projects require multi-million dollar expenditures to carry them to the next phase of evaluation.

Four of the above eight properties are held by Kanon Resources (the Company and Vangold Resources 50/50), and expenditures are presently shared 50/50. The fifth Kanon property, Mt Penck, is presently being sole-funded by the Company to the amount of $300,000, after which expenditure will be shared 60% the Company and 40% Vangold. Low key/low cost exploration is proceeding and, subject to results, any of these projects could be upgraded to a core project in the future (see Press Release on Allemata Property dated 10 June, 2004.

Two projects with significant copper potential, Simuku (the Company 90% interest) and Mt Nakru (the Company effective 75% interest) are being assessed with exploration proceeding at Simuku at present.

The Company operates in Papua New Guinea through its wholly owned subsidiary Macmin (PNG) Limited (a PNG private company which holds title to the properties).

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Director of New Guinea Gold Corporation. Mr. McNeil is a Member of the Australian Institute of Mining & Metallurgy, and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 45 years experience in the mineral exploration industry.



ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

16 August, 2004

NEWS RELEASE

Vancouver, August 16^th 2004. The initial exploration program at the Feni Property, including approximately 1513 metres of core drilling in 6 holes, yielded encouraging results which require follow up exploration but did not define significant volumes of potentially economic gold mineralisation. Drilling is proceeding well at the Kavola East Prospect, Mt Penck Property with three holes totalling 416m completed at 11^th August 2004. Initial assays are expected in two weeks.

1. FENI PROPERTY

The Feni Property is managed by Vangold Resources Ltd who are earning a 75% interest in the property from New Guinea Gold Corporation (the Company).

The surface geochemical stream sampling undertaken earlier this year showed that a large part of the Central Caldera feature has anomalous to high value gold in streams from pan concentrate samples. This gold appears to be derived from throughout the caldera suggesting that most of the bedrock in the 6 sq kms area of the caldera contains gold mineralisation. The drill holes completed by Vangold, however, intersected only wide zones of lower tenor gold and gold/copper mineralisation. Best results from the program were 48m of 1.54g/t gold including 4m of 2.30g/t gold, and 18m of 0.68% copper with 0.72g/t gold.

The drilling and geochemical sampling program confirmed that the Feni property remains prospective for gold and gold/copper deposits, and is essentially unexplored in terms of drill testing.

The attached figure illustrates the very widespread nature of gold in the creeks (entire caldera and "blow out" section to the SW), the excellent structural preparation for gold deposition as illustrated by the terrain radar image, and the relatively few areas tested by diamond core drilling. Gold in pan concentrates range up to 120g/t in the southern caldera region and 86g/t in the northern caldera region.

The limited diamond core drilling carried out by Vangold and previous explorers, mainly in the southern part of the Caldera has shown that gold is also widespread in the bedrock in concentrations of up to 2g/t, often with associated copper in the range of 0.1% to 1.0% copper. Significant intervals in drill core of 2 to 3g/t gold and narrower intervals up to 5g/t gold have been noted. Intervals of copper mineralisation with significant gold assayed up to 1% to 2% copper.

The exploration problem confronting mineral exploration at Feni is that the bedrock is covered by a variable but sometimes thick volcanic ash cover which obscures the bedrock. The stream geochemistry indicates that gold is present throughout the caldera beneath the volcanic ash but it is not a reliable guide to any areas of higher grade gold mineralisation in the bedrock. The exploration problem is how to identify drill targets or structural feeder zones containing higher grade gold mineralisation similar to those at the Lihir gold mine. It is difficult to "see through" the volcanic ash with conventional exploration methods and to site drill holes on a grid or pattern basis, although probably effective, would be extremely expensive.

All data collected over the past year, geochemical, drilling, geophysical, and structural information from terrain radar, will now be re-evaluated to attempt to define higher grade gold and gold/copper targets before a further drilling program is proposed..

The Matangkaka gossan (near MAD 008), reported in a press release dated June 8^th 2004, was tested by a bulldozer trench and one 180m long drill hole. No gold values greater than 0.5g/t gold were encountered. The Matangkaka gossan has proved to be an accumulation of secondary iron, manganese and minor gold which resembles true gossan, and which has developed or been formed at some unknown distance from its sulphide source. Normal gossans "sit" immediately above the sulphide source.

Dr David Lindley, project manager, reported as follows: "Trenching and a single drill hole (MAD008, final depth 180.10 m) on the northern side of Matangkaka Ridge, on the previously reported zone of secondary iron and manganese oxides containing free crystalline gold (the Matangkaka gossan), confirmed the presence of several (at least four), v

ertically stacked zones of gossan accumulation (each zone up to 3.30 m thick) in a 71 m thick profile. Drilling demonstrated that these multiple zones of secondary oxide accumulation don't directly overlie in situ sulphide mineralisation. Rather, they appear to be displaced from a weathered sulphide source, by an appreciable distance, due to iron and manganese mobility (in a tropical-humid environment) while in solution. An additional 12 surface samples and the drill intersections indicate that, whilst the secondary oxides do not contain economically significant gold, silver, copper or molybdenum, their real importance, is the potentially predictive value that comes with their thorough understanding. Similar localized occurrences of this rock-type have now been found on the opposite (southern) side of Matangkaka Ridge. Further recent surface geological observations continue to confirm that this prominent, upstanding ridge is underlain by a variety of intrusive rocks comprising the poorly-explored multi-phase Matangkaka porphyry complex.

The Drill Results from all drill holes in this program are summarised below. Holes 5, 6 & 7 were previously reported in a release dated June 8^th 2004

Hole MAD 008, as noted above, intersected only minor gold results.

Hole MAD009 (final depth 215.10 m), which was drilled south of the Kabang Structural Zone from the original gold discovery at the collar of MAD001, intersected several narrow zones of gold mineralisation. The significant gold intersection correlatable between previously drilled MAD001 (68 - 120 m, 52 m @ 1.65 g/t gold) and MAD005 (50 - 98 m, 48 m @ 1.54 g/t gold) was not present in MAD009. This may indicate the presence of a localised, steeply dipping gold-bearing breccia-pipe (or structure) in the vicinity of these two holes. The presence of significant porphyry copper/gold mineralisation at depth in MAD005 was not repeated in MAD009. Porphyry copper mineralisation, as reflected by increasing copper grades, increases to the north in the fence of holes MAD009 - MAD001 - MAD005, towards the Matangkaka porphyry complex.

Hole MAD010 (final depth 130.0 m) was a re-drill of the previously abandoned MAD002, to provide an across-strike test of the Kabang Structural Zone immediately southwest of the Kabang Breccia/prospect (the Kabang prospect has been described in earlier press releases and contains widespread gold in the 1 to 3g/t range as defined by earlier explorers). The hole intersected a 20.10 m wide zone of hydrothermal breccia, with a matrix flooded with up to 60-80% fine sulphides, beneath a 28 m (vertical) thickness of Holocene volcanic ash and river gravels. Gold is widespread up to 0.1g/t but with only a few narrow intercepts up to 0.5g/t.

The exploration completed to date on the Feni Project is encouraging. The combination of observations from trench and surface outcrops, Vangold's six drill holes and previously gathered quality geophysics has led to a reinterpretation of the geology of the Kabang-Matangkaka area, and the delineation of a large porphyry gold/copper system. Because of the thrust of previous explorers (since 1983) to locate hot-spring related epithermal gold mineralisation, this (partly volcanic ash covered) mineral system has gone unrecognised and unexplored. Target areas which mirror the gold-rich Kabang prospect, hosted in a high-level syenite plug peripheral to the main Matangkaka porphyry system, have an aeromagnetic signature, are covered by shallow depths of volcanic ash, and remain to be evaluated. The potentially gold-bearing sulphide-rich source of the localised secondary iron and manganese wad deposits flanking north and south sides of Matangkaka Ridge needs to be located.

Management believes that these results indicate a large system that, with the current work programs completed, allows for a re-interpretation of the geology which will hopefully lead to the discovery of a large Lihir-type deposit. Once all of the geological data is analysed and interpreted by our geologists we will determine the sites for the next phase of drilling.

2. MT PENCK PROPERTY

Mt Penck Property, as at the completion of the present drilling program, will be owned 60% the Company and 40% Vangold Resources. Surface trenching results were described in a press release dated July 22^nd 2004.

Three holes totaling 416.2m have been completed at the Kavola East Prospect, Mt Penck. Geology of the holes appears favourable, but no assays are yet available.

Hole 1 in the centre of the property, was drilled at a 45 degree angle to 88.4m and intersected altered porphyries and fluidized breccias throughout with up to 10% quartz veining and 25% pyrite. The core has been sampled and dispatched to a laboratory in Townsville, Australia.

Hole 2, which is a 65 degree hole below hole 1 was drilled to 153.4m and intersected similar rocks to those in hole 1.

Hole 3, which is 100m NE of Hole 1 and 10m west of Trench 8 was drilled to 174.4m. Geology of the hole is similar to holes 1 and 2.

The initial 1,000m drill program at Mt Penck, if the present drilling rate is maintained, will be completed within two weeks, with all assays available within five weeks. The drill will then move to the Company's Normanby property for further evaluation of the Imwauna Prospect.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Director of New Guinea Gold Corporation. Mr. McNeil is a Member of the Australian Institute of Mining & Metallurgy, and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 45 years experience in the mineral exploration industry.


R. D. McNeil
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in the News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results by the company.

22 July, 2004

PRESS RELEASE

Vancouver - July 22, 2004. The Kavola East Prospect is a 400m long by 200m wide area of anomalous gold in soils, with trench results such as 97m of 3.39g/t gold, 20m of 2.77g/t gold, 5m of 60g/t gold, 40m of 8.89g/t gold, 131m of 2.36g/t gold and 64m of 2.50g/t gold.

Drill testing of the Kavola East Prospect, Mt Penck property in Papua New Guinea commenced this date.[ ].

The objectives of this initial 1,000m diamond core drilling program are to test at Kavola East the near surface or shallow depth extent of the widespread gold encountered in soils and trenches, and to allow an initial resource estimate to be calculated if appropriate; and within the Mt Penck property to provide information on the possible size of the gold system and style of gold mineralisation.

The Kavola East Prospect is one of six named prospects within the Mt Penck property (Figure 1).

The Mt Penck property title is Exploration License (EL) 1322, 101.4 sq kilometres in area, and is situated in West New Britain Province, approximately 55km west of the Provincial capital and port of Kimbe. Access is relatively good as the main known prospects are all within a few kilometres of the north coast of New Britain (Figure 1).

Widespread gold in rock samples, soils and streams was located around Mt Penck, an extinct, eroded strata volcano, by previous explorers. It was suggested that the known mineralisation was mainly located within a northerly trending "structural zone" on the northwest flank of Mt Penck. This "structural zone" is reported to be up to 800 metres in width and exceeds several kilometres in length. Within this zone there are also reported to be linear zones of argillic/quartz alteration with gold mineralisation, that individually vary from 200m to 800m in length and 15m to over 150m in width.

Management believes this is only one possible interpretation of the major control of the gold mineralisation as the mineralisation appears to extend beyond the limits of this "structural zone". The lack of drilling and good surface exposures have to date prevented reliable conclusions being made as to the overall potential and size of the Mt Penck system. The widespread distribution of gold at surface, however, suggests that the overall gold mineralised system could be large. In that the mineralisation appears to be related to relatively recent volcanic activity and is hosted by volcanic rocks, it is similar to the Lihir Mine in NE Papua New Guinea, however the area is not "hot" as is the case at Lihir.

As the Kavola East prospect is the best defined zone at Mt Penck (to date) it has been selected for initial drill testing. The Kavola East mineralisation is hosted within pervasive, argically altered volcanics with moderate to strong silicification. The possible extent of the mineralisation is illustrated by the geochemical gold in soil anomaly shown on Figure 2.

This anomaly is approximately 450m (1,400 feet) in length by 200m (650 feet) in width and may represent gold mineralisation at the intersection of two individual structures within the above mentioned structural zone. The anomaly has a central core zone approximately 250m long, averaging 40m in width, in which the soils exceed 1g/t gold.

Approximately 500 linear metres of trench indicate substantial gold in the sub-surface rocks below the anomalous soils.

There are many significant, wide, gold zones in these trenches, including narrower high grade zones. Some of the higher grade zones (above 6g/t gold) include 14m of 14.26g/t gold, 2m of 39g/t gold, 12m of 6.44g/t gold, 40m of 8.89g/t gold, (including 5m of 60g/t gold), 15m of 11.73g/t gold and 5m of 6.51 g/t gold.

The location of the trenches is shown in Figure 2 and the results are shown in Tables 1 and 2. Please refer to these tables for additional details.

Only one drill hole has previously been drilled at Kavola East and this hole intersected 1m of 23.2g/t gold and 6m of 6.1 g/t gold within broader zones of one to 1.5g/t gold.

The initial drill program will complete approximately 15 holes, of 50 to 70m in depth along sections spaced at 50m intervals along the mineralisation. This program should take approximately 4 weeks to complete with any results in approximately 6 weeks.

An assessment of the potential of the entire Mt Penck property will commence in the near future. Significant mineralization is known from other prospect areas within Mt Penck from limited drilling, soil sampling and trenching carried out by previous explorers. Most of this previous data has now been compiled and has revealed (all outside the Kavola East prospect) drill intersections such as 33m @ 2.41g/t gold (including 12m of 5.05g/t gold), 10m of 3.7g/t gold, 20m of 1.2g/t gold, 38m of 1.7g/t gold (including 5m of 5.45g/t gold); trench and chip sample results such as 20m of 2.03g/t gold, 20m of 4.7g/t gold, 25m of 2.10g/t gold; numerous rock sample results to 50g/t gold; panconcentrate stream samples to 17g/t gold, and widespread anomalous gold in soils. None of the above results have been satisfactorily followed up to date.

The Mt Penck property is held by Kanon Resources Ltd, which is jointly owned (50/50) by New Guinea Gold Corporation (the Company) and Vangold Resources Ltd. The Company is sole funding the first $300,000 of expenditure to earn an effective 60% interest in the property.

Papua New Guinea Strategy

The Company has interests in eleven additional properties (to Mt Penck) in Papua New Guinea. Four projects are considered core gold projects at this stage, on which the Company's funds are focused. Three of the core properties (Sinivit, Normanby and Sehulea) are partly drilled, have modest resources and/or reserves, and are considered to have untested potential which could yield major gold ore bodies (plus 1 million ozs contained gold). The fourth core project is Mt Penck.

The Company's strategy, based on present resources, is to develop three mines over the next three years. These mines should yield 40,000 ozs gold per annum and a net cash flow of $10 million per annum for four to five years. At the same time, exploration will proceed on these projects, the other core projects and remaining projects to define additional and new resources. The initial mine at Sinivit is planned to be in production by mid 2005.

It is most important to note that none of the proposed mine projects have been fully explored. Exploration was terminated in 1998/1999 due to market conditions and reduced
funds available to the Company and its parent company Macmin Silver Ltd. All three mine
projects could yield much larger and longer life mines than are presently proposed. The resources defined to date, and considered for mining, come from relatively small parts of large mineralized systems. In particular, Normanby and Sehulea could have multi-million ounce gold potential.

The Sinivit mine revised Feasibility Study (see Press Release dated 25 May 2004) is intended as the first of three such studies. The remaining two studies will relate to the proposed Imwauna Mine (Normanby Property), the Weioko Mine (Sehulea Property), and should be completed in 2005 and 2006 respectively. An original Feasibility Study was completed for Sinivit in 1997 by external consultants Ausenco Limited. This feasibility envisaged gold extraction over a three year period by a 100,000 tonne per annum CIP Plant. Development did not proceed on the basis of this feasibility because of lower gold prices in the late 1990's.

A review of the project, which minimized and reduces the mining/processing period and changes the processing from CIP to non reusable vats has significantly improved the economics of the project. The executive summary of the Feasibility Study is on the Company's web site at www.newguineagold.ca

The remaining eight properties in which the Company has an interest are all significant projects with major orebody potential as determined from extensive exploration completed to date. Two properties, which have geological similarities to Lihir and Porgera, (Feni and Crater Mt), respectively have been joint ventured to third parties who are sole funding exploration. The Company considered joint venturing appropriate for the projects even though they have significant gold in drill holes and potential in excess of five million contained ozs of gold, because both projects require multi-million dollar expenditures to proceed them to the next phase of evaluation.

Four of the above eight properties are held by Kanon Resources (the Company and Vangold Resources 50/50), and expenditures are presently shared 50/50. Low key/low cost exploration is proceeding and subject to results, any of these projects could be upgraded to a core project in the future (see Press Release on Allemata Property dated 10 June, 2004.

Two projects with significant copper potential, Simuku (the Company 90% interest) and Mt Nakru the Company (effective 75% interest) are being assessed with exploration proceeding at Simuku at present.

The Company operates in Papua New Guinea through its wholly owned subsidiary Macmin (PNG) Limited (a PNG private company which holds title to the properties).

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr. McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

TABLE 1

TABLE 2

15 July, 2004

NEWS RELEASE

Vancouver - July 15, 2004 In conjunction with New Guinea Gold's Joint venture partner, Celtic Minerals Ltd., we wish to disseminate the following information:

CELTIC MINERALS ACQUIRES AN ADDITIONAL 751KM² AT CRATER MOUNTAIN

The Papua New Guinea department of mining has granted Celtic Minerals Ltd. ("Celtic") an additional 751km² exploration licence surrounding the original 44km² joint venture license on the Crater Mountain project. This new exploration license will also be included in the existing joint venture. Under the terms of the joint venture, Celtic will earn a 75% interest from New Guinea Gold Corp ("NGG") by funding CDN $4 million in exploration expenditures.  Celtic has also entered into a joint venture with Triple Plate Junction PLC ("TPJ"), a public company based in London, England whereby TPJ can earn a 68% interest in Celtic's interest in the project subject to Celtic's earn in agreement with NGG. To earn its interest in the Crater Mountain project, TPJ will fund an aggregate of Cdn $ 1,000,000 on exploration, $ 500,000 of which will be spent on or prior to March 31, 2005 and a further $500,000 of which will be spent on or prior to December 31, 2005. Should the Celtic / TPJ joint venture earn a 75% interest from NGG, the effective participating interest of each party would be 51% TPJ; 25% NGG; 24% Celtic..

HISTORICAL DRILLING AND EXPLORATION 

Seven historical drill holes have been completed on the Nevera prospect with the best results from NEV 2 which returned 115m at 1.83 g/t gold with the hole terminated at a depth of 340m while still in gold mineralization and NEV 5 which returned 24m at 6.55g/t gold also ending while still in gold mineralization. All drill holes encountered significant gold mineralization throughout their entire lengths (NEV 5 intersected a total length of 196m at 0.43g/t gold). All holes showed intense silica, argillic or carbonate alteration and holes 4, 6 and 7 intersected numerous narrow, presumably structurally controlled intersections.

Celtic is very encouraged by these results, as they appear to indicate that most holes have intersected the envelope or upper parts of a major gold bearing hydrothermal system.

In December, 2003 our joint venture partner New Guinea Gold Corp (NGG:TSX-VEN) carried out an initial trenching program with an extremely encouraging result interval of 48m @9.97g/t gold (including 4m of 50.4g/t gold and 4m of 41.6g/t gold ) in one trench and 20m of 1.23 g/t gold in a further trench. These were the best trench results achieved at Crater Mountain to date.
 
GENERAL GEOLOGY OF THE CONCESSION

The project contains a partly dissected strata volcano that has intruded a sequence of fine-grained sediments. Quartz feldspar porphyry, quartz diorite and other dioritic intrusives and andesitic volcanics with associated gold and copper mineralization occur along a northerly to NE trending transfer structure, a significant portion of which occurs on the property. Mineralization is known at several places along this structure but most work has been completed at the northern end at the Nevera Prospect.

Evaluation of previous soil and stream geochemistry has defined three prospect areas contiguous with the Nevera Prospect and in the general Nevera area at Crater Mountain. The Nevera South Prospect, 2 to 3 km south of Nevera, has visible gold in two pan concentrates samples that assayed 256g/t Au and 86.3 g/t Au. At Nevera Southwest rock samples contain up to 33% Zn and 453g/t Ag. At Nera West a 3km long zone west of Nevera , gold in soils of 46g/t Au and 15g/t Au  have been recorded in addition to many anomalous arsenic values to 860 ppm.

Work Program

Fieldwork will begin with the construction of approximately eight km of bush track to enable land access for construction of a field camp at the Nevera Prospect. Evaluation at Nevera will consist initially of grid reconstruction and geological mapping followed by deep overburden sampling with the intention of sampling below the recent volcanic ash cover. This initial work will be in preparation for a drilling program to follow.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

ON BEHALF OF THE BOARD
NEW GUINEA GOLD CORPORATION


"Judith O'Quinn"
Corporate Secretary

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

06 July, 2004

 Vancouver, July 6, 2004 - The Board of Directors of the Company has approved the issuance of incentive stock options to its Officers, Directors, Employees, Contractors and Consultants to purchase up to 1,770,000 common shares in the capital stock of the Company at an exercise price of $0.41 for a period of five years.

The issuance of these options is subject to filing and approval of documentation to be provided to the appropriate regulatory authorities and the conditions of the Company's Stock Option Plan which was originally approved by the shareholders on June 10, 2003. Authority was granted to Company Directors to amend the Stock Option Plan obtained at the Annual General Meeting of the Company on June 15, 2004.

ON BEHALF OF THE BOARD

"R. D. McNeil" , M.Sc., BSc., Hons.
CHAIRMAN & CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

29 June, 2004

Vancouver - 29th June 2004. Trench evaluation of the southern part of the Simuku porphyry copper/gold system has commenced and will continue for the next few weeks.

Past exploration, including a comprehensive soil sampling program in 2003, has defined a very large copper mineralized system which is presently known to be at least 4.5kms wide, 500 to 1800m long and at least 250m deep.

Twelve drill holes in the northern third of the system suggests a background copper/gold grade of about 0.35%Cu and 0.1g/t gold with some molybdenum credits.

Drill hole intersections include 277m @ 0.33% copper and 0.06g/t gold (entire hole); 63m @ 0.52% copper and 0.12g/t gold; 41m @ 0.64% copper and 0.04g/t gold; 150m @ 0.15% copper, 0.02g/t gold, 1.4g/t silver and 0.01% molybdenum; 30m of 0.70% copper and 0.1g/t gold.

The 2003 soil geochemical sampling outlined a two kilometer long zone at the southern end of the system which appears to represent possible higher copper grades in the bedrock (Figure 1). This zone is now being comprehensively trenched to determine the copper grades in rock and will be mapped to predict likely sub-surface copper grades, and the surface extent of the copper system.

The Simuku Project is located near the West New Britain Provincial capital and port of Kimbe, in Papua New Guinea. It is relatively easily accessible and can be accessed by road and track. Additional drill tracks are being constructed in preparation for a possible later drilling program.

Considerable additional information on the Simuku Project is available on our web site at www.newguineagold.ca

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr.McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company

ON BEHALF OF THE BOARD


"R. D. McNeil"
CHAIRMAN & CEO

16 June, 2004

June 16, 2004-Vancouver                New Guinea Gold Corporation (the "Company") and Macmin Silver Ltd. ("Macmin"), Celtic Minerals Ltd. ("Celtic") and Triple Plate Junction PLC ("Triple Plate") have agreed to terminate their Joint Venture and Financing Agreement (the "Agreement") announced in a News Release dated March 9^th, 2004. The companies have not reached a final consensus on the Agreement and have agreed that in the circumstances it should be terminated. The companies are however continuing discussions to determine if a further agreement can be reached in regard to a joint venture on other of the Company's properties.

The Joint Venture Agreement in regard to the Crater Mt. property is not affected and we have been informed that Celtic intends to commence exploration at this property in the near future.

The Company does not believe the termination of the Agreement will have any detrimental effect on its' operations or ability to establish new financing. We are confident that on receipt of expected Papua New Guinea government approvals for the Sinivit Mine, the necessary funding for the mine development will be raised. Discussions on said financing are already in progress and will be announced when finalized.

The Sinivit Project and the gold and gold/copper projects in Papua New Guina give the Company an extremely solid asset base from which to "grow" the Company. Please refer to our recent news releases and our web site www.newguineagold.ca for further information.


On Behalf of the Board,

"Robert D. McNeil", M.Sc., BSc., Hons.
Chairman / President

10 June, 2004

June 10, 2004, Vancouver, British Columbia - New Guinea Gold Corporation (the "Company") reports that trench and soil results have confirmed two extensive gold mineralized systems (each more than 800,000 sq m), at the Mt. Allemata property in Papua New Guinea. The Company regards these results as very significant and highly encouraging. The above trench, 4m of 100 g/t gold, is 20m along strike from a previously sampled 1.4m wide gold zone averaging 71.9 g/t gold (within a 4m wide zone of 18.7 g/t gold) which was reported in a news release dated March 9, 2004.

In addition to this outstanding trench result, exceptional and very high (for soils) gold in soil values were encountered such as a 200m surface width (11 samples taken at 25m intervals), averaging 1.24 g/t gold, including 50m at 4.54 g/t gold. New trenches in addition to the 4m at 100 g/t gold included a 100m wide zone at 1.36 g/t gold, including 20m at 3.83 g/t gold and 4m at 16.75 g/t gold. The present follow-up work program of the of the exploration completed earlier and reported on March 9, 2004, included 364 soil and hand trench samples, 131 from the Uloulo Project and 233 from the Haluba Prospect. The data is presently being compiled and assessed so that the full significance of the results can be evaluated and further exploration, including excavator trenching and drilling can be planned.

The Mt. Allemata property (EL 1323 of 243 sq kms) is beneficially owned 50% by the Company and 50% by Vangold Resources Ltd. pursuant to the acquisition of Kanon Resources Ltd. (news release dated December 15, 2003, January 22 and February 17, 2004). Mt. Allemata (location - Figure 1) has the best access of any Kanon project in Papua New Guinea and is connected by a 15km, all weather road to the provincial capital of Alotau. In addition, numerous logging tracks provide access to most parts of the property. The property includes 13 named prospects of which to date, Kanon has conducted exploration on only two, Uloulo and Mr. Haluba.

Previous exploration by Kanon and others gave trench results such as 30m of 9.0 g/t gold, 87m of 1.83 g/t gold, 24m of 2.47 g/t gold, 28m of 1.19 g/t gold and 1.4 m of 71.9 g/t gold. Very limited drilling has given results such as 28m of 1.59 g/t gold and 40m of 78 g/t silver. Historic production is approximately 14,000 ozs gold and 6 kg of platinum. The presence of platinum and silver is a project upside which we have not yet investigated.


Uloulo Project Results

The Uloulo Prospect as defined by the soil sampling is a major gold mineralized system covering an area of at least 1.3 km by 0.6 km (approx. 800,000 sq m). Within this area there are several, mainly sub-parallel, individual anomalous zones of up to 375m in width.

Only limited trenching was undertaken at Uloulo, as soil sampling was incomplete prior to this program, and the trenching focused on confirming and extending the previously located, high grade trench zone of 1.4m at 71.9 g/t gold. The latter high grade zone is contained within an overall trench zone 4m wide averaging 18.7 g/t gold. Repeat sampling of this zone gave 4m of 17.6 g/t gold. The high grade result from this program, of 4m at 100 g/t (3.19 ozs) gold, is contained within a clay silicazone and is located 20m NE along strike from the 71.9 g/t gold. The initial trench with 71.9 g/t gold was in turn located 5m NE along strike from a creek exposure which contained 1.4 m of 70.0 g/t gold and 10m NE of a trench which contained 4m of 8.77 g/t gold. A trench dug further to the NE failed to penetrate the relatively thick colluvium. Other apparently unrelated trenches at Uloulo included 4m of 3.08 g/t gold and 4m of 3.28 g/t gold.

The soil sampling completed a program commenced earlier in the year. The results were exceptional as any values above 0.05 / 0.1 g/t gold are usually regarded as significant and this program encountered zones above 4 g/t gold and wide zones of more than 1 g/t gold. Soil results included the following widths on separate grid lines:

• 200m width at 1.24 g/t gold including 50m at 4.54 g/t gold
• 125 m width at 0.5 g/t gold including 25m at 1.4 g/t gold
• 100m width at 0.6 g/t gold including 25m at 1.22 g/t gold
• 75m width at 1.00 g/t gold including 25m at 1.45 g/t gold
• 25m width at 1.42 g/t gold

As mentioned above, these results, plus previous results, define a gold mineralized system at least 1.3 km by 0.6 km in area. It is anticipated that further exploration in the near future will include excavator trenching to penetrate deep soils and colluvium, followed by drilling.


Mt. Haluba Prospect Results

The Mt. Haluba Prospect includes a series of NE trending anomalous gold in soil zones which, at present, are known to extend over an area of 2.2 kms by 1.2 kms (2.64 sq kms). The largest anomaly has a length of 1.8 kms and a maximum width of 0.45 kms. Mt. Haluba is a major gold mineralized system.

New hand trenching of the soil gold anomaly, where colluvium/soil was relatively thin, gave the following trench intersections:

• 4m of 2.48 g/t gold
• 8m of 1.15 g/t gold, 4m of 1.15 g/t gold, 4m of 1.02 g/t gold (all in a single trench)
• 100m of 1.36 g/t gold including 20m of 3.83 g/t gold and 4m of 16.75 g/t gold
• 24m of 1.52 g/t gold including 4m of 3.44 g/t gold
• 8m of 1.81 g/t gold
• 4m of 1.50 g/t gold

The Mt. Haluba system is large, mainly unexplored, and will be targeted for further exploration, initially by excavator trenching, to penetrate surface colluvium and obtain samples where hand trenching is not practical. Further information on Mt. Haluba is given in the release dated March 9, 2004.


Conclusion

The results of the above program, plus previous exploration results, confirm that the Mt. Allemata property is a highly attractive gold project, with both high tonnage and high grade gold potential. Follow-up exploration including, excavator trenching and drilling to define gold resources, will commence in the near future.

The technical data in this release has compiled by and prepared under the supervision of Robert D. McNeil CEO of New Guinea Gold Corporation. Mr. McNeil has an MSc. in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy and meets the requirements of NI 43-101 for a qualified person.

New Guinea Gold has interests in 12 gold and copper/gold properties in Papua New Guinea and has announced plans to commence gold production at the rate of 40,000 ozs of gold/year in mid 2005. Bob McNeil, CEO of the Company comments "The combination of these results, the previously announced discovery of the gold bearing gossan at the Feni project (press release June 8, 2004) and the finalization of the Sinivit feasibility study underlines the potential of our advanced properties in Papua New Guinea."

Additional information is available at www.newguineagold.com

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

08 June, 2004

FREE GOLD DISCOVERED IN OUTCROP AT FENI GOLD PROJECT
ENCOURAGING DRILL RESULTS FROM MAD005 AND MAD007

June 8, 2004 - Vancouver    New Guinea Gold Corporation's Joint Venture Partner, Vangold Resources Ltd. ("Vangold") today issued a News Release regarding the Feni Gold Project in Papua New Guinea. We have copied the Vangold News Release below, in its' entirety.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.
The statements made in the News Release may contain certain forward-looking statements. Actual events or results my differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

27 May, 2004

AMENDED NEWS RELEASE

POSITIVE SINIVIT GOLD PROJECT FEASIBILITY REVISION

Vancouver, 26 May 2004. A positive revision of the feasibility study for the Sinivit gold project, (in which the company has an effective 92.5% interest), supports the development and mining of the gold mineralisation at the project. This is the first stage in a three stage mine development program in Papua New Guinea (PNG). The study has been lodged with the PNG Government, and required approvals to commence development are expected in due course.

NGG has interests in twelve projects in PNG, all with major gold or gold/copper potential. The company's focus is on four projects including three with gold resources which are targeted for consecutive development over the next three years. These resources were partly drilled out in the late 1990's, but because of market conditions, the company was unable to undertake complete evaluation at that time. The resources defined to date form relatively small parts of large mineralised systems, one or all of which the company considers could host major gold deposits, geologically similar to the known multi million oz gold deposits operated in PNG by Placer Dome and Rio Tinto.

The company's business plan forecasts gold production totalling 40,000 ozs gold per year for a minimum of 4 to 5 years, commencing in mid 2005, provided positive feasibility studies are completed, and mining titles are granted by the PNG Government.

The initial mine is planned for the Sinivit Project in East New Britain PNG, and should be followed in 2005 by the Imwauna Mine (Normanby Property), and in 2006 by the Weioko Mine (Sehulea Property). A revised feasibility study has been completed which supports the immediate development of the Sinivit Gold Mine. An external feasibility was completed in the late 1990's but because of market conditions the project did not proceed at that time. The revised feasibility differs from the original feasibility in two main areas: recovery of gold will be from vat leaching instead of CIP and the known reserves will be mined over a 15 month period instead of 3 years. These changes substantially increase the return on the project and thus its viability.

The revised metallurgical testing was carried out in house and by consultants Ammtec Limited. This testing showed that column leach tests gave gold recoveries of 88%. The revised mine plan was completed by consultant mining engineer, Colin Wregg.

The main conclusions of the feasibility itself in respect to the project (92.5% NGG) are as follows:

• 300,000t of oxide ore at a grade of 5.3g/t gold, and 600,000t of waste, would be mined from an open pit over a 15 month period

• Gold recovery from oxide ore is estimated at 88%

• Capital cost of the mine would be CAD$6.3M

• Cost/oz of gold recovered (before tax, royalty and cost of capital) is CAD $168.

• Cash flow, before tax, royalty and repayment of capital, is approximately CAD $17.5M. Net cash flow for the project is estimated at approximately CAD $8.85 million (includes $850,000 for residual plant value).

Part of the cash flow will be used to upgrade inferred oxide gold resources at Sinivit to reserves or for drilling to increase the oxide resource base. The intention is to extend the life of the mine. The cash flow will also be used to advance the Imwauna Project (Normanby Property) which the company hopes will be its second mine.

In addition to the oxide resources, the Sinivit Project has a resource of telluride/gold mineralisation plus excellent potential to substantially increase that resource. Studies will be carried out to determine if this additional resource can be economically developed.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Chairman and CEO of the Company. Mr. McNeil is a Fellow of the Australian Institute of Mining and Metallurgy and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 45 years experience in the mineral exploration industry.

Mine development could commence soon after all government approvals are in place. At this point in time the company does not believe that this is likely before August 2004, with gold production in mid 2005.

New Guinea Gold intends to remain debt free to reduce risk, and hedge free so that the company can benefit from likely future increases in the gold price. The main risks in the project are lower gold prices and the short mine life based on existing reserves.

In addition to the Sinivit and Normanby Projects the company has interests in a further 10 gold/copper projects in PNG, most of which are actively being explored, and are at advanced stages of exploration. Further details on these projects are available from the company's web site at www.newguineagold.ca .


ON BEHALF OF THE BOARD



"R. D. McNeil" , M.Sc., BSc., Hons.
CHAIRMAN & CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

26 May, 2004

NEWS RELEASE

POSITIVE SINIVIT GOLD PROJECT FEASIBILITY REVISION

Vancouver, 26 May 2004. A positive revision of the feasibility study for the Sinivit gold project, (in which the company has an effective 92.5% interest), supports the development and mining of the gold mineralisation at the project. This is the first stage in a three stage mine development program in Papua New Guinea (PNG). The study has been lodged with the PNG Government, and required approvals to commence development are expected in due course.

NGG has interests in twelve projects in PNG, all with major gold or gold/copper potential. The company's focus is on four projects including three with gold resources which are targeted for consecutive development over the next three years. These resources were partly drilled out in the late 1990's, but because of market conditions, the company was unable to undertake complete evaluation at that time. The resources defined to date form relatively small parts of large mineralised systems, one or all of which the company considers could host major gold deposits, geologically similar to the known multi million oz gold deposits operated in PNG by Placer Dome and Rio Tinto.

The company's business plan forecasts gold production totalling 40,000 ozs gold per year for a minimum of 4 to 5 years, commencing in mid 2005, provided positive feasibility studies are completed, and mining titles are granted by the PNG Government.

The initial mine is planned for the Sinivit Project in East New Britain PNG, and should be followed in 2005 by the Imwauna Mine (Normanby Property), and in 2006 by the Weioko Mine (Sehulea Property). A revised feasibility study has been completed which supports the immediate development of the Sinivit Gold Mine. An external feasibility was completed in the late 1990's but because of market conditions the project did not proceed at that time. The revised feasibility differs from the original feasibility in two main areas: recovery of gold will be from vat leaching instead of CIP and the known reserves will be mined over a 15 month period instead of 3 years. These changes substantially increase the return on the project and thus its viability.

The revised metallurgical testing was carried out in house and by consultants Ammtec Limited. This testing showed that column leach tests gave gold recoveries of 88%. The revised mine plan was completed by consultant mining engineer, Colin Wregg.

The main conclusions of the feasibility itself in respect to the project (92.5% NGG) are as follows:

• 300,000t of oxide ore at a grade of 5.3g/t gold, and 600,000t of waste, would be mined from an open pit over a 15 month period

• Gold recovery from oxide ore is estimated at 88%

• Capital cost of the mine would be CAD$6.3M

• Cost/oz of gold recovered (before tax, royalty and cost of capital) is CAD $168.

• Cash flow, before tax, royalty and repayment of capital, is approximately CAD $17.5M. Net cash flow for the project is estimated at approximately CAD $8.85 million (includes $850,000 for residual plant value).

Part of the cash flow will be used to upgrade inferred oxide gold resources at Sinivit to reserves or for drilling to increase the oxide resource base. The intention is to extend the life of the mine. The cash flow will also be used to advance the Imwauna Project (Normanby Property) which the company hopes will be its second mine.

In addition to the oxide resources, the Sinivit Project has a resource of telluride/gold mineralisation plus excellent potential to substantially increase that resource. Studies will be carried out to determine if this additional resource can be economically developed.

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Chairman and CEO of the Company. Mr. McNeil is a Fellow of the Australian Institute of Mining and Metallurgy and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 45 years experience in the mineral exploration industry.

Mine development could commence soon after all government approvals are in place. At this point in time the company does not believe that this is likely before August 2005, with gold production in mid 2005.

New Guinea Gold intends to remain debt free to reduce risk, and hedge free so that the company can benefit from likely future increases in the gold price. The main risks in the project are lower gold prices and the short mine life based on existing reserves.

In addition to the Sinivit and Normanby Projects the company has interests in a further 10 gold/copper projects in PNG, most of which are actively being explored, and are at advanced stages of exploration. Further details on these projects are available from the company's web site at www.newguineagold.ca .


ON BEHALF OF THE BOARD



"R. D. McNeil" , M.Sc., BSc., Hons.
CHAIRMAN & CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

19 May, 2004

DRILLING AT MT PENCK EXPECTED TO COMMENCE JUNE 2004

Vancouver, 19th May 2004.        The drilling contractor for the Mt Penck evaluation, United Pacific Drilling, has advised the Company that because of delays in acquiring equipment, the drill will not now be mobilised to the property until early June.

The Mt Penck property (ownership at present 50% New Guinea Gold, 50% Vangold Resources Ltd) with the Company sole funding the present drilling program to move to an effective 60% interest.

Drilling will be carried out at the Kavola East prospect where trenching in 2003 defined extensive gold at/near surface. Trench results at Mt Penck included 97m @ 3.39g/t gold, 9m of 60g/t gold, 15m of 12g/t gold and 131m of 2.36g/t gold. Some previous drill results at Mt Penck included 18m of 4.35g/t gold, 33m of 2.41g/t gold, and 6m of 6.61g/t gold (see Press Release dated 17 December 2003, and www.newguineagold.ca ).

ON BEHALF OF THE BOARD


"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.
The statements made in the News Release may contain certain forward-looking statements. Actual events or results my differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

26 April, 2004

PRESS RELEASE

Vancouver, British Columbia, April 26, 2004: New Guinea Gold's Joint Venture Partner, Vangold Resources Ltd. ("Vangold") published the following information by way of News Release today. "Further to our news release of April 13, 2004, we have received additional updates on the Feni Gold Project in Papua New Guinea, from Dr. David Lindley, our lead geologist.

Feni Drilling Program

Dr. Lindley reports that in addition to tenement EL 1021, a second license has been obtained - EL 1331. This license forms part of the option agreement between Vangold and New Guinea Gold Corporation whereby Vangold has the option to earn 75% of the Feni Gold Project. Total combined area of EL 1021 and EL 1331 is 166.6 sq km which is the entire area of both Ambitle and Babase Islands that form the Feni Island group.

Second half of the core of MAD 005 is scheduled to leave Ambitle on April 23rd. The core will be air freighted from Rabual to Australia for assaying. The drill program is progressing with the third hole (MAD007) sited 50 m west of MAD001, will be drilled out to the north west. The drill pad is ready.

Vangold's work at Feni has been positively received by the local community. The re-opening of the Malekolon airfield, which was closed for 3 years, has had a significant positive impact on the residents. Vangold has provided medi-vac services to Rabaul for several intensive care patients. Further, many charter trips to the island have carried medicines for the local health care centre. "Gift" passage to and from Rabaul for up to 5 passengers (when available) is provided for shopping trips. Over K14,000 in wages has gone into the local community since operations commenced in November 2003.


Ambitle Island Biogeochemical Panned Concentrate Sampling - February 2004
As reported in our news release of January 28, 2004, results from the 10-15m wide Nanum River sampling, upstream from Kabang indicated the persistence of a strong gold signature extending well into the yet to be stream sampled central and northern portions of the crater. Papua New Guinea geologist, Jeremiah Ninkama, has completed the survey of the central crater area. A total of 47 panned concentrates and 251 biogeochemistry samples were collected. Becquerel Laboratories in Australia has advised this week that the samples had cleared quarantine and arrived safely at the Sidney lab. Results are expected at the end of this month.

The biogeochemistry sampling was restricted to areas where tephra cover is known to be thin or absent. The areas include the Kabang and Dome Prospects, covering an area of about 3.3 sq.km. Large trees (circumference of 79 cm) were preferentially sampled. Tree density is estimated at about 40 - 50 m apart. The panned concentrate program focussed on tributaries in the upper Nanum River, Matangkaka Creek (750 m NW of Kabang Creek) and Kiau Creek (immediately south of Kabang Creek). 41 of the 47 panned samples (87% contained visible gold. Gold was present as either or both of fine "mustard" gold or 1-2 mm flkes. Matangkaka Creek was the standout creek, in Mr. Ninkama's opinion, with more than 30 colours of gold present in the 4 washed samples. Panned material in this case was obtained from tree roots. In Mr. Ninkama's, opinion, with the completion of this program, the pan concentrate sampling for the main prospects within the central caldera (Kabang, North Central Caldera and Dome Prospects has been thoroughly completed.

Pursuant to an Option Agreement between Vangold and New Guinea Gold Corp., Vangold may obtain a 75-per-cent interest in tenement EL 1021 and the newly added EL 1331 -including the Ambitle and Babase Islands, Papua New Guinea, known as the Feni Gold Project. Drilling is also scheduled to commence at Mt. Penck, Papua New Guinea, (see news release of April 1, 2004) with an initial program that will comprise approximately 10, 100 metre holes to test the gold bearing system defined in trenching at Kavola East."


ON BEHALF OF THE BOARD




"Judith O'Quinn"
CFO, Corporate Secretary


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

19 April, 2004

PRESS RELEASE

Vancouver - 19th April, 2004. Technical studies for the revised feasibility study at the Sinivit Gold Project, Papua New Guinea, have been completed, and subject to timely receipt of reports from consultants, should be submitted to the Papua New Guinea Department of Mines within 30 days.

The revision has included check sampling of earlier drill results, a revised mine plan (by external consultants), environmental updates (by external consultants), extensive metallurgical testing for a revised processing route, (in house and external consultants) review of resources and reserves and re-opening of project access road and various site roads. All revisions have been satisfactory.

CHECK SAMPLING

Fourteen previous drill intersections were re-sampled using remaining half drill core to verify previous assaying.

These intersections were mainly higher grade intervals to test the reproducibility of high gold grades at Sinivit. The original core samples averaged 34.01g/t gold whereas the average of the check samples was 30.60g/t gold. These results confirm the reliability of the original drill assays. In addition a 13.2m core assay (7.15 to 20.35m down-hole) was split into 10 splits to study the "nugget effect". The original assay was 12.4g/t gold and the splits assayed as follows: 14.85, 18.4, 15.45, 15.4, 18.25, 7.47, 18.45, 6.8, 6.85, 7.53, (average - 13.0g/t gold) These results show there can be significant variation between splits, but the average grade is similar to the original grade.

Four large bulk samples were collected from surface trenches to check for the tenor of gold at surface and to provide further metallurgical test samples if required. These bulk samples totalled 290kg, and each sample was crushed and split into 10 separate samples to check for nugget effect and assay repeatability . The results shown below confirm extensive gold at surface, show there is relatively minor variation between splits and only minor nugget effect.

Sample 1 of 58 kgs over a width of 5m, gave the following results - 20.1, 19.5, 11.6, 14.9, 24.0, 24.4, 24.9, 31.3, 33.2, 26.8, (average 23g/t gold).

Sample 2 of 102 kgs over a width of 4 m, gave the following results - 1.01, 0.68, 6.76, 1.06, 0.77, 0.97, 0.81, 1.21, 1.09, 1.01 (average 0.94g/t gold).

Sample 3 of 59 kgs over a width of 6.4 m, gave the following results - 3.4, 2.99, 3.63, 2.92, 3.22, 2.94, 3.14, 3.79, 3.32, 3.5 (average 3.29g/t gold)

Sample 4 of 71 kgs over a width of 6.2m, gave the following results - 5.29, 5.99, 5.85, 5.56, 5.35, 5.68, 5.12, 5.04, 5.06, 5.83 (average 5.4g/t gold).

The average of all surface sample splits is 8.2g/t gold.

METALLURGICAL TESTING

Earlier metallurgical testing by previous tenement holders had shown that the oxide ore at Sinivit gave in excess of 90% gold recoveries using standard cyanide lead. Further testing was required to determine if the ore could be treated by using VAT or Heap Leach, rather than a conventional CIP plant. VAT or Heap Leach would require a lower project capital cost and also result in lower operating costs over the life of the project. Recoveries averaging 70% are normally considered good for VAT or Heap Leach. Initial column leach testing by Macmin Silver Ltd at their Texas metallurgical laboratory on ore crushed to an average size of about 4mm, gave gold recoveries of 58% to 92%, average of 75%. Further testing on more finely crushed ore is still in progress with results expected in two weeks.

The metallurgical testing was repeated (checked) by independent external consultants, Ammtec Ltd of Perth, Western Australia. Preliminary assessment of their results suggest good recoveries in respect to VAT Leach but their final report will not be available for a further two weeks.

FUNDING AND PROJECT CONSTRUCTION

In a release dated 9th March 2004, the company announced a provisional financing package by way of joint venture with Celtic Minerals Ltd (TSX Venture Exchange listed) and Triple Place Junction PLL (AIM listed). The above company's have agreed to provide the capital required for mine commencement before July 3rd 2004. Provided this funding is available on schedule, project construction should commence in August 2004 with gold production in early/mid 2005.

For additional information on the Sinivit Project see our web site, www.newguineagold.ca

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, Director of New Guinea Gold Corporation. Mr. Robert McNeil is a Fellow of the Australian Institute of Mining & Metallurgy and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 40 years experience in the mineral exploration industry.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

15 April, 2004

PRESS RELEASE

Vancouver - 15th April 2004. The Company views 2004 as an excellent year for junior resource companies such as New Guinea Gold.

The Company intends to undertake additional promotional activities in 2004 such as attendance at Investment and Gold Shows. The Company will have booths at the following shows throughout 2004 and shareholders and investors are welcome to attend and discuss company prospects with CEO/Chairman Bob McNeil.

I look forward to meeting you.

NEW GUINEA GOLD CORPORATION
ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

31 March 2004

NEWS RELEASE

Vancouver, 31^st March 2004. New Guinea Gold Corporation (NGG) has awarded a contract for 1,000 metres of drilling at Mt Penck to the principle drilling contractor in Papua New Guinea (PNG), United Pacific Drilling. The initial program will comprise approximately 10 by 100 metre holes to test the gold bearing system defined in trenching at Kavola East.

The drill camp is presently being constructed and drilling will commence as soon as the drill plus bulldozer can be mobilised to site. Access is not a problem as a bulldozer can walk to site, however a machine may not be available for several weeks, which could slightly delay the commencement of drilling.

The Mt Penck property is owned by Kanon Resources Ltd. which in turn is owned 50%-50% by NGG and Vangold Resources Ltd. NGG is earning an effective 60% equity interest in Mt Penck by sole funding $300,000 of initial exploration costs. At the completion of this drilling program NGG should have completed the earn-in and thus have a 60% interest in the property. The Kavola East prospect at Mt Penck in West New Britain Province, PNG contains extensive gold in trench at surface.

The historical data suggests that the Kavola East Prospect is one of six named prospects that occur within a northerly trending structural zone on the northwest flank of Mt Penck (figure 1), an eroded, extinct, Pliocene strata volcano.

The Kavola East mineralisation is hosted within pervasive, argillically altered volcanics with moderate to strong silicification. The extent of mineralisation is illustrated by the geochemical gold in soil anomaly shown on figure 2. This anomaly is approximately 450 metres in length and up to 200 metres wide. It contains a central core zone some 250m long, averaging 40 metres in width in which the soils exceed 1g/t gold. Kavola East has been partially tested by extensive trenching (including a recent program in June 2003), but by only one drill hole.

Trench results from the June 2003 program and earlier programs are summarised in tables 1 and 2 and their locations are shown on figure 2. Results are very encouraging with intervals such as 97m of 3.39g/t gold, 20m of 2.77g/t gold, 62m of 0.84g/t gold, 40m of 8.89g/t gold, 5m of 60g/t gold, 131m of 2.36g/t gold and 64m of 2.50g/t gold. The single drill hole at Kavola East intersected 70m of combined mineralised intervals averaging 1.15g/t gold and included intervals such as 6m of 6.1g/t gold and 1m of 23.2g/t gold.

The technical data in this release was prepared by or under the supervision of Peter A. McNeil, Director of New Guinea Gold Corporation. Mr. Peter McNeil is a Member of the Australian Institute of Geoscientists and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 20 years experience in the mineral exploration industry, mostly in Papua New Guinea.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.
The statements made in the News Release may contain certain forward-looking statements. Actual events or results my differ
from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

22 March 2004

Vancouver - 22nd March 2004.             The Company is pleased to announce that additional biogeochemical sampling and stream panned concentrate sampling has been completed at the Feni Gold Project, Papua New Guinea. A total of 251 biogeochemical samples and 52 panned concentrate samples have been received in Rabaul for transhipment to Becquerel Laboratories in Sydney, Australia, for analysis by neutron activation analysis (NAA). Results are expected within two to three weeks. A diamond-drilling program is currently in progress.

ON BEHALF OF THE BOARD

"Judith O'Quinn"
CFO, Corporate Secretary

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

09 March 2004

PRESS RELEASE

Vancouver - 9^th March 2004. New Guinea Gold Corporation (the Company) is a strongly focussed gold and gold /copper development and exploration company with interests in 12 properties in Papua New Guinea. These properties have resources in excess of 800,000 ozs of gold, and excellent upside potential in the multimillion oz gold range. In addition two properties host large copper systems, each of which has the potential to be developed as a major copper mine.

The Company's business plan anticipates gold production of 40,000 ozs/year by early 2005 with potential to increase this production rate in the near term.

Celtic Minerals Ltd (Celtic) and Triple Plate Junction PLC (TPJ) will enter into a Joint Venture with the Company in respect of certain properties and have offered the Company a $16 million dollar financing package as follows:

• A $1 million placement into the Company at a price of 72 cents/share (1,388,889 shares).

• A $10 million guaranteed closing, by which Celtic and TPJ would acquire a 45% interest in the Sinivit Property (EL 1140, ML 122 and ME 70) and 30% in the Normanby (EL 1091) and Sehulea (EL 1069) Properties. These funds would be used on the above projects including for the capital cost of the Company's initial gold mine at Sinivit.

• A further $5 million financing, at Celtic's and TPJ's discretion, to acquire an additional 20% equity in both the Normanby and Sehulea Projects. These funds would be used on the above projects.

• It is anticipated that a Celtic nominee will join the Company's Board.

• The financing is subject to closing before July 3rd 2004, and any required shareholder and regulatory approvals.

This announcement of the commencement of development and mining on the Sinivit Property has received a very warm welcome from the Minister of Mining of Papua New Guinea. The Minister expressed his willingness to assist in expediting this development and stressed that government/company co-operation lies at the heart of successful mining operations in PNG.

The advantages of the financing are as follows:

• Financing is immediately available to bring the proposed initial mine at Sinivit into production by early 2005 (subject to Papua New Guinea government approval and the results of the current feasibility study update).

• Financing is immediately available to rapidly proceed drilling and feasibility studies at the proposed mines at Imwauna (Normanby Property) and Weioko (Sehulea Property).

• The Company can use its existing funds plus the proposed placement to fast track exploration and assessment of its two copper projects at Simuku and Mt Nakru to take advantage of the rapidly increasing copper price.

• The Company will also have adequate funds to proceed exploration, including drilling, on it's Kanon Resources gold acquisition properties. It is anticipated that the Mt Penck Property, in particular, will require substantial funds for drilling throughout the remainder of 2004.

• There should be no necessity for substantial shareholder dilution in the near future (no necessity to issue large numbers of shares to fund mine development/production and ongoing exploration).

Celtic has an existing joint venture with the Company. Celtic is earning a 75% interest in the Company's Crater Mountain property. TPJ and Celtic have now agreed to vary the terms of the J/V such that Celtic and TPJ will now each earn a 37.5% interest.

Papua New Guinea has many major mineral deposits and has a long history of profitable resource developments. Some of the current mines and projects include the Lihir gold mine (approximately 45 million ozs gold - Rio Tinto operator), Porgera Mine (approximately 26 million oz gold - Placer Dome operator), former Misima Mine (approximately 5 million oz gold - Placer Dome operator), Tolekuma Mine (approximately 1.5 million oz gold - DRD operator), Morobe Project (approximately 5 to 10 million oz gold - Harmony Gold operator) and Kainantu (approximately 2 million oz gold - Highlands Pacific operator). Papua New Guinea contains world class deposits with potential for discovery of many more such deposits. New Guinea Gold's properties are mainly well advanced with some at the feasibility/development stage. Several Company properties have characteristics similar to some of the above major projects.

Papua New Guinea is a democracy and has many political and economic attributes: a Westminster style democratic government, separation of political and judicial powers similar to Australia, English language, well defined mining/taxation law based on Australian models. Papua New Guinea was administered by Australia prior to independence in 1975.

Management is well qualified to manage/develop Papua New Guinea resources. President/Chairman Bob McNeil and Director Peter McNeil have over 40 years combined experience in Papua New Guinea. Bob McNeil was formerly General Manager for Exxon Minerals in Papua New Guinea for six years, and Peter McNeil has worked for several companies in Papua New Guinea including at the Lihir Gold Mine. Project Manager Ed Newman has previously managed small mines in Papua New Guinea. Director Alan Mathews was previously employed by the Department of Mining in Papua New Guinea in a mining engineering capacity.

The projects noted above are described in detail at www.newguineagold.ca and in recent press releases (also available on our web site). Further information on the Company is also available on request from our Vancouver office.


ON BEHALF OF THE BOARD



"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

09 March 2004

PRESS RELEASE

Vancouver - 9^th March 2004. The Mt Allemata property in SE Papua New Guinea (see location map) is held jointly (50%/50%) with Vangold Resources (see Press Release on acquisition of Kanon Resources Ltd dated 16th December 2003). The area has an excellent location with road access to the provincial centre, Alotau, and covers the historic Milne Bay goldfield.

Some of the historic results are:

Trench results such as 30m of 9.0g/t gold, 87m of 1.83g/t gold and 24m of 2.47g/t gold. Best drill results to date were 28m of 1.59g/t gold and 40m of 78g/t silver.

Historic production is approximately 14,000 ozs gold and 6kg of platinum. The presence of platinum and silver in the above drill hole are an intriguing upside which warrant further investigation.

A trenching and rock sampling program to confirm historic results has been completed and a further program is currently in progress. Approximately 360 trench samples (each 4m long), 50 rock samples and 200 soil samples were collected.

The trench samples confirmed the original trench sampling and returned comparable results. In addition, new trenching at Mt Haluba and Ulo Ulo prospects returned 16m at 6.96g/t gold, 4m of 18.70g/t gold, 8m of 13.28g/t gold, and 28m of 1.19g/t gold.

37 samples were collected at Ulo Ulo of which 18 were above 1g/t gold. Best values were 39.8, 29.7, 31.9 and a chip sample over 1.4m of 71.9g/t gold. At Mt Haluba, of 12 samples collected, 8 samples were greater than 1g/t with a maximum of 31.8g/t gold. The soil sampling confirmed the earlier surveys and had maximum soil values of 1.6 and 1.4g/t gold.

The sampling did not attempt to define the source of the alluvial platinum. The check sampling and new sampling confirmed a major gold system is present which warrants additional trenching and drilling.

New Guinea Gold Corporation (the Company) is a strongly focussed gold and gold /copper development and exploration company with interests in 12 properties in Papua New Guinea. These properties have resources in excess of 800,000 ozs of gold, and excellent upside potential in the multimillion oz gold range. In addition two properties host large copper systems, each of which has the potential to be developed as a major copper mine.

The Company's business plan anticipates gold production of 40,000 ozs/year by early 2005 with potential to increase this production rate in the near term.

HISTORICAL DATA

The Mt Allemata licence (EL 1322) is at the eastern end of the New Guinea mainland, centred approximately 20km southwest of Alotau and ~ 15km due south of Gurney International Airport. An all-weather road connects to the tenement and numerous agricultural and logging tracks provide further access to within a few hundred metres of many of the prospects. It is 243.4 sq kms in area.

EL 1322 covers the Milne Bay Goldfield and the historic small scale underground copper-gold mine at Ulo Ulo and workings at Mt Haluba. There are perhaps 100 small adits and workings in the region. The Rough Ridge Mine produced 22kg of gold from 1320 tonnes of ore (~17g/t Au). Total gold production during the early part of the 20th century was more than 14,000 oz.and 6kg of platinum. The licence area has excellent prospectivity for high grade gold in mesothermal quartz veins associated with the intrusives (locally accompanies by base metal sulphides) and gold-copper skarns in limestone lenses near gabbro contacts.

Trenching by previous explorers has returned many medium, to high grade gold results over significant distances such as: 30 metres at 9.0g/t, 3.5m of 61.5g/t, 84m of 1.7g/t (incl.26m of 3.7), 20m of 5.58 g/t, 100m of 0.91g/t, 135m of 0.96g/t, 87m of 1.83g/t, 24m of 2.47g/t and 10m of 3.0g/t gold.

12 drill holes were completed by previous explorers and results include 20m of 2.20g/t, 27.7m of 1.59g/t, 13m of 2.02g/t (in 3 zones) and 4.5m of 11.97g/t gold at Mt Haluba and 6.95m of 5.04g/t, 0.6m of 10.3g/t plus 2m of 4.85g/t, 1m of 2.1g/t plus 0.5m of 7.6g/t and 0.5m of 10.85g/t gold at Ulo Ulo.

Excellent silver potential exists with drill hole 3 at Mt Haluba returning 40.3m of 78g/t silver from 42.5 to EOH at 82.8m (last assay was 2.8m of 78g/t silver) beneath the 27.7m of 1.59g/t gold from 2.3 to 30m down-hole. Lithologies are propyliticly altered polylithic clast supported gabbro breccias associated with diorite and weak/moderate fractured with fracture controlled pyrite and vuggy quartz veinlets.

The area is underlain by Eocene basalts with minor intercalated sandstone, chert and limestone, that are intruded by Oligocene to mid-Miocene gabbro, syenite and monxonite.

Thirteen prospects from within the property are briefly described below.

Mt Haluba (Stockwork) Prospect

A major area of gold mineralisation has been outlined in weathered bedrock and soil that is open ended to the NE and SW and has only been drilled over 50m and trenched over 200m of it's +400m length. The discrete mineralised zone appears to be at least 60m wide over it's length, but old workings and other geochemical anomalies attest to more widespread potential of the area as well.

A trench within a stockworked zone assayed 84.0m of 1.7g/t Au, including 26 metres averaging 3.7g/t gold. Another bench included 10 metres at 3.0g/t gold and locally up to 30m at 9.0g/t gold. To 3.5m of 61.5g/t gold in tight structures. Discovery sampling included 19 sub-outcrop and outcrop samples with an average of 23.2g/t Au and 13 float samples with an average of 12.5g/t Au.

A significant area of gold mineralisation in weathered bedrock is 60 to 80 metres wide, 200 metres long and open in each direction. The anomaly is outlined by the 0.25g/t Au contour, with more than 50% of the area lying inside the 11.0g/t Au contour with values up to 4.0g/t Au.

Argillic altered Ulo Ulo gabbro is stock worked by quartz veining, with mineralisation hosted in a swarm of narrow, strongly altered, monzonite dykes each several metres wide and in related quartz veins. Best gold values from soils (+1.0ppm) were from central zone of silicification, decreasing outwards to argillic alteration zones then peripheral propylitic altered zones and unweathered gabbro. Base metal (secondary copper and galena) veins were also observed in a number of places in the trench.

Four holes (2 angled + 2 vertical) were drilled at the Mt Haluba prospect, totaling 317.6m (MH No.1 to 4), within a 50m triangle leaving a significant strike length to test. DDH1 was drilled near the crest of a ridge to perpendicularly intersect the south-eastern margin of the mineralisation. The hole was strongly weathering to 22.8m and continued in intermittent pyritic primary mineralisation in sheared and brecciated gabbro and variegated felsic monzonite/diorite with some quartz veining, to the end of the hole at 103.5 metres in depth. DDH2 is 30m S of and 20m lower than DDH1. Drilled parallel to the first hole, it encountered strong weathering to 2.5m, then > 10 metres of clayey pyritic fault gouge, then variegated brecciated monzonite/diorite with narrow quartz (pyrite-chalcopyrite) veins and lesser gabbro to the end of the hole (80.5m). DDH3 was weathered to 30.5m and is sited on the crest of the ridge 15m distant from DDH 1, being drilled vertically through the south-easterly dipping margin of the mineralisation.

Mt Haluba Drill Results:

Ulo Ulo Prospect

Creek, adit and soil sampling was conducted over the Ulo Ulo Prospect by Amax in 1982, with soils collected on a 50m grid. A northeast-southwest mineralised zone >600m long by 100m wide was indicated from strong and coherent soils in the central, NE and SW parts and by the results of adit mapping and sampling.

Various gold mineralised intervals exposed by bulldozing (grades to 5.85g/t gold) occur as sub-zones up to 20 metres wide with strongly oxidised veins (from several centimetres to several metres and occasionally up to 8 metres, in width. These sub-zones are contained within a zone at least 200 metres wide cutting obliquely through a saddle which has been exposed by bulldozer trenching and soil sampling for a distance of 800 metres along a north-easterly trend.

Channel sampling of a 20m wide stockwork zone at the SW limit of the soil survey, to test for gold mineralisation away from the old high grade vein gold/copper workings (reportedly 1 oz/t), returned 10m of 3.7g/t gold. This intersection is about 100m SW of gold in bulldozer trench (results to 2m of 4.6g/t in a 25m wide partly sampled zone) and 200m SW of adit 15 with results to 29.15, 24.55, 11.54g/t gold in narrow veins and 1.60g/t gold in a separate 1.5m wide vein. About 100m SE of central Ulo Ulo (outside the soil anomaly noted above) Amax noted a vein in a creek exposure that returned 1m of 70g/t gold.

Mineralisation occurs in a northeast trending structural zone in granodiorites and gabbros (contact related?). As noted in adits it is steeply dipping sub-parallel pyritic quartz veins mostly less than 40 centimetres wide but up to 1.5 metres wide and associated breccias and stockworks. Drilling has intersected wider zones of gold (to 6.95m of 5.04g/t) mineralisation across trend and along strike to the NE of the adits.

Hole U008 intersected 6.95 of 5.04g/t gold (from 11m); this mineralisation has not been tested by trenching and its precise orientation and strike length is unknown. Hole U001 intersected 0.6m of 10.3 (from 22.2m), 2m of 4.8g/t gold (from 10.0m) plus low gold at surface . A total of eight holes (4 angled) were drilled at the Ulo Ulo Prospect (ULO No.1 to 8), for 620.9m.

The NE trending mineralised structural zone is known to be at least 200m wide, >800m long and is an excellent target to drill immediately. The northeast and southwest extensions should be evaluated, along with the 70 g/t gold occurrence. There may be significant near surface high- grade gold in multiple, generally narrow, quartz veining /stockworking zones, that taken with the Mt Haluba mineralisation, could provide easy to mine, near surface reserves.

Da'ayoge (Skarn) Prospect

• 11 rock floats, with 1 outcrop rock sample with 0.75 g/t Au average + 0.34% Cu.

• Grid mapping, soil sampling and ground magnetic surveying attempt to locate source of ironstone floats.

• A 66m length hand dug trench completed across 7.5m wide skarn outcrop.

• At least one magnetic anomaly coincides well with an outcropping skarn body.

• Encouraging results from individual float and outcrop samples of skarns and ironstone.

• Requires sourcing of more skarns and ironstones following magnetic anomalies.

Upper Bwaha (Vein) Prospect

• 6 rock float samples collected with an average of 29.57 g/t Au (55.0, 48.5, 43.5, 18.8, 11.5 and 0.09 g/t gold)
  
  
• Trenching in the head waters of Bwaha Creek (224m only). Results to 20m of 5.58 g/t gold in hand trench. Located ~750m west of Mt Haluba and ~300m from the Litiliti epithermal vein Prospect.

• Mineralisation apparently restricted to argillised fault zones- dilational sites to be evaluated & located

Wari Wari Bibi (Ironstone) Prospect

• Located immediately S and W of Ulo Ulo.

• Mapping shows intrusives of phlogopitic gabbro, pyritic granodiorite, monzonite and ironstone

• 12 samples analysed with an average of 3.66 g/t Au ( incl. 15.1, 8.7, 6.1, 2.78, 2.4, 2.0 and 1.57 g/t gold) .

Litiliti (Vein) Prospect

• Float samples from classical epithermal veined boulders but low gold results

• A 364m length trench completed with 91 x 2m channel samples.

• Located source of epithermal quartz veined floats, but disappointing results from trench samples.

• Moderate priority follow-up assigned as this often occurs at high-levels in the system.

Wabalam (Pisolite Gravel) Prospect

• 2 samples from pisolitic gravels with one @ 0.76 g/t Au

• Potential exist for economic concentrations of pisolitic gravels containing Au, Pt and Pd.

Gabhusuhusu River Prospect

• Pan concentrate samples up 9.4 g/t Au

• Rock float up to 13.2 g/t Au

Dalu Creek Prospect

• 3 rock chip samples with an average of 0.49 g/t Au.

Upper Kaiyahedebadeba (Skarn) Prospect

• Mapping and sampling with we rock float samples returning weak gold values and several copper values up to 0.33%

Tititi Prospect

• Mapping and PC sampling with 5 colours of Au noted.

Petual (Skarn) Prospect

• 4 rock float samples from calc-silicate to malachite stained skarn boulders with no significant base or precious metal values.

Magmagalewana Creek

• Pan concentrates of up to 91.3 g/t gold.

• Silicified limestone skarn mineralisation.

The technical data in this release was prepared by or under the supervision of Peter A. McNeil, Director of New Guinea Gold Corporation. Mr.Peter McNeil is a Member of the Australian Institute of Geoscientists and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 20 years experience in the mineral exploration industry, mostly in Papua New Guinea.



ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

26 February 2004

PRESS RELEASE

February 26, 2004 -            Vancouver                Further to a News Release dated December 16, 2003, New Guinea Gold Corporation has completed the acquisition of Kanon Resources Limited and has issued 1,400,000 common shares to Kanon. The shares have a four-month hold period to June 19, 2004. In addition, the Vendors have voluntarily agreed not to trade their securities for a period of one year from closing.

ON BEHALF OF THE BOARD.

"Judith O'Quinn"
Corporate Secretary, CFO, Director

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

13 February 2004

PRESS RELEASE

Vancouver - 13^th February 2004. A review of historical data at the Bismarck property (Figure 1) has, subject to on site confirmation, defined initial drill targets at the Tekim, Semben and Awale projects in Papua New Guinea. The TSX Venture Exchange has provided New Guinea Gold Corporation (the Company) with conditional approval of the purchase of 45% of Kanon Resources Ltd. (see Press Release dated December 16^th 2003). Upon completion of this transaction, NGG will own 50% of Kanon as it presently owns 5%. The Company's Joint Venture partner in the Kanon acquisition, Vangold Resources Ltd. (VAN-TSX-V) holds the remaining 50% of the Kanon shares, having obtained TSX Venture Exchange final approval for the purchase on February 10, 2004. Drilling is expected to commence in the second quarter of 2004.

Best results to date include trenches such as 20m of 6.99g/t gold, 3m of 156g/t gold and drill results such as 80m of 1.5g/t gold (including 29m of 2.1g/t gold). New Guinea Gold Corporation (the Company) at present holds a 50% interest in Kanon.

The Bismarck exploration license (EEL 1321) is 206.2 sq kms and includes three drill ready prospects at various stages of exploration. Gold and cold/copper mineralisation is associated with dioritic, dacitic and granodioritic intrusions and the known prospects are thought to have potential for Porgera style intrusive related gold deposits or in several cases porphyry copper/gold deposits. The property is centered approximately 100 km NE of the Porgera Mine.

TEKEM PROJECT

At the Tekem Project gold is associated with dacite intrusives amd breccias in shales. A large magnetic anomaly is present.

Trenching returned results such as 20m of 6.99g/t gold (untested by drilling), 90m of 1.42g/t gold (inc. 38m of 2.17g/t gold), 75m of 1.0g/t gold and 25m of 4.83g/t gold.

Five relatively short drill holes were completed by a previous explorers with two holes intersecting significant gold. Hole two intersected 2.1g/t gold over 29m between 0 and 29m, and 140m of 0.3g/t gold between 29 and 169m. Hole 3 intersected 21.3g/t gold over 2.25m between 40 and 42.25m and 0.8g/t gold over 54.6m between 52.5 and 107.1m downhole.

The size of the gold system is indicated by the soil gold anomalism shown on figure 2. The grid based soil sampling was completed after the drilling and established a large (1.4kms x 1.0km x 1.0kms) equant gold anomaly with a peak value of 18.7g/t gold.

The higher grade (>0.5g/t) gold core zone of the soil zone trends WNW/ESE and is approximately 800m long and 50m wide, with a large additional zone approximately 450m long and up to 150m wide, trending ENE/WSW. The "high-grade" core of the anomaly is > 1.0g/t gold and forms an approximately 220 long section . There is also another section to the >0.1g/t gold anomaly that is trending WNW/ESE along strike from the "Higher Grade Core" to the ESE that is approximately 600m long (open to ESE) and approximately 150m wide. There are numerous other small (to 100m long) higher grade zones (>0.5g/t). These data provide excellent immediate drill targets.

SEMBEN PROJECT

The Semben Project has high grade gold mineralisation associated with a 0.7 to 3km long structure. Trenching gave results such as 3m of 156g/t gold, 4.5m of 23.5g/t gold and 2.0m of 17.0g/t gold. Four scout drill holes were completed by a previous explorer with best results of 8.22m (true thickness) of 3.42g/t gold (including 0.75m of 23.5g/t gold).

These results are encouraging and as most of the mineralised structure remains untested, further drilling is warranted.

AWALE PROJECT

The Awale Project is a 1,000m long by 400m wide zone of anomalous gold in soil (Figure 3). Intrusives and shales at or near intrusive contacts are silicified and contain gold mineralisation. Grab samples returned 10.7g/t, 7.11g/t, 5.5g/t, 4.21g/t gold, (plus others), mostly with anomalous copper (about 150ppm). One 5m surface chip sample in a creek averaged 3.33g/t gold. Chalcedonic quartz limonite veinlets are noted in argillically altered intrusive. No drilling or trenching has been completed and both are strongly warranted to test the soil gold anomaly.

M'SENDE PROSPECT

This prospect covers an 8 sq km area of anomalous gold in streams, with pan-concentrate sample results such as 30.9g/t gold and 76.1g/t gold. The area covers intrusives, has a strong associated potassium radiometric anomaly and warrants grid based soil sampling, followed by trenching and drilling.

KURPALI PROSPECT

A quartz veined granodiorite intrusive breccia has anomalous gold over a strike length of 300m. Minor trenching has been undertaken and returned values such as 17m of 1.22g/t gold and 11m of 1.47g/t

The technical data in this release was prepared by or under the supervision of Peter A. McNeil, Director of New Guinea Gold Corporation. Mr. Peter McNeil is a Member of the Australian Institute of Geoscientists and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 20 years experience in the mineral exploration industry, mostly in Papua New Guinea.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

05 February 2004

PRESS RELEASE

Vancouver - 5^th February 2004.

The initial stage of a trenching program carried out at the Crater Mountain property in December 2003 returned 48m of 9.97g/t gold in one trench and 20m of 1.23g/t gold in a further trench. Maximum value was 55.4g/t gold over a width of 4 metres. These are the best trench results achieved at Crater Mountain to date.

The Crater Mountain property was described in a news release dated January 6^th 2004. Celtic Minerals Ltd (Celtic) have joint ventured the property from New Guinea Gold Corporation (the Company) whereby Celtic can earn a 75% interest in the property by sole funding CDN$4 million in exploration/development on the project.

Seven drill holes have been completed at the Crater Mountain Project, with intersections such as 115m at 1.83 g/t gold (including 3m at 14.16 g/t gold); 24m at 6.55 g/t gold (including 2m at 52.6 g/t gold and 2m at 19.01 g/t gold); 14m at 1.66 g/t gold; 8m at 1.51 g/t gold; 4m at 4.25g/t gold; 6m at 2.22 g/t gold.

The main defined mineralised area is some 12 sq km in area. Most is effectively unexplored except for limited surface geochemistry.

The Company initiated a limited trenching program in December 2003 prior to undertaking the J/V with Celtic. Much of the Crater Mt area is covered with recent volcanic ash which obscures the geology and geochemistry of the bedrock. The trenching was intended to assist in the siting of further drill holes by providing data on bedrock beneath the ash, and to attempt to locate higher gold grades at surface which may represent continuity with the gold intersected at depth in drill holes.

Seven trenches totalling approximately 460m in length were dug. Trenches were up to 3m in depth. Unfortunately three trenches failed to penetrate below ash to bedrock and thus did not yield any information. The remaining 4 trenches reached bedrock in part of the trench only. Two trenches yielded excellent results:

Trench 6 encountered 20m of 1.23g/t gold, but approximately two thirds of the trench did not penetrate overlying scree/landslip deposits (not bedrock) and thus did not achieve the objective of testing bedrock. Trench 7 yielded 48m of 9.97g/t gold including two very high grade intervals, each 4m wide, of 50.4g/t gold and 41.6g/t gold (repeats were 55.4g/t gold and 43.8g/t gold). The remaining two trenches yielded anomalous gold of up to 0.8g/t gold.

Celtic is preparing their ongoing exploration program for Crater Mountain. A further announcement should be forthcoming in the near future.

Due to positive trenching results and favourable geological setting for a potential major gold bearing mineralised system, Celtic has applied for an exploration license with the PNG Department of Mining covering an additional 751 km² surrounding the original 44 km² joint venture license. The registrar has accepted the application. The new license will also be included in the joint venture.

The technical data in this release was prepared by or under the supervision of Peter A. McNeil, Director of New Guinea Gold Corporation. Mr. Peter McNeil is a Member of the Australian Institute of Geoscientists and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 20 years experience in the mineral exploration industry, mostly in Papua New Guinea.

ON BEHALF OF THE BOARD

"R. D. McNeil"
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

03 February 2004

NEWS RELEASE

NEW GUINEA GOLD'S JV PARTNER AWARDS DRILLING CONTRACT

Vancouver - February 3, 2004- New Guinea Gold's ("the Company") Joint Venture Partner, Vangold Resources Ltd. ("Vangold"), has awarded the diamond drilling contract for the first phase drill program at the Feni Gold Project, Papua New Guinea, to Zenex Drilling (PNG) Ltd. Zenex, selected for its expertise in drilling in this type of environment, conducted the diamond drilling at Lihir Island, site of the 42 million oz Lihir Mine. The drill program will be supervised by Dr. David Lindley who has been responsible for the previous drilling at Feni.

An exact drilling commencement date will be announced once all necessary equipment has arrived at the field camp. The first phase drill program will commence within a 2000m long zone (1.2 miles) containing a strong IP (chargeability) anomaly (1.5km by 0.5km) lying adjacent to and centered 600m ESE of the Kabang zone and 1000m ESE of diamond drill hole (1998) MAD 001. The IP anomaly is interpreted to contain more abundant pyrite (similar to zones of higher gold content at Lihir), while the extensive gold mineralisation found in MAD 001, while still pyretic, is more similar in grade to lower-grade, inter-orebody mineralisation encountered at Lihir. The Feni drill program is designed to locate higher-grade mineralized areas and the feeder zones to this widespread low-grade gold mineralisation.

Numerous drill hole intersections of between 1 and 10g/t have been encountered at Kabang, such as: 114m at 1.12g/t Au (0.2% Cu); 19.9m at 2.13g/t Au; 15.25m at 2.56g/t Au; 16m at 2.3g/t Au; 52m at 1.65g/t Au; 10m at 5.7g/t Au and 3m at 10g/t Au. Kabang already has an open-ended resource of approximately 10 Mt at 1.4g/t Au (Macmin NL).

Hole MAD 001 drilled 400m northeast of the Main Zone and apparently continuous with Kabang, as inferred by the IP data, intersected 52m of 2g/t Au within 188m of 1.2g/t Au. This hole terminated in plus 1g/t Au at 256m.

The Feni Gold Project exhibits very similar geology, including widespread known (drilled) gold mineralisation, similar alteration styles and similar alkaline intrusives to the Lihir Mine (42 million oz/Au). To date, more than 40 separate prospects or anomalous zones have been defined at Feni some of which contain widespread gold mineralisation defined by limited drilling.

Pursuant to an Option Agreement between the Company and Vangold, Vangold may obtain a 75-per-cent interest in tenement EL 1021 - Feni, covering 37 square kilometres on Ambitle and Babase Islands, Papua New Guinea.

On Behalf of the Board,

"Robert D. McNeil", M.Sc., BSc., Hons.
Chairman / President

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements MADe in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

28 January 2004

NEWS RELEASE

Vancouver - January 28, 2004 New Guinea Gold Corporation (the "Company") wishes to announce that its Joint Venture Partner, Vangold Resources Ltd. ("Vangold") has now received biogeochemical and panned concentrate stream survey results conducted at the Feni Island Gold Project in Papua New Guinea.

The tree-bark survey outlined a clearly anomalous, ENE trending zone 700 m long and 150m wide. Importantly, this zone overlies the immediate strike extension of an intense Induced Polarization (IP) anomaly lying coincident with a strong potassic alteration anomaly. Together the anomalies form a zone of about 2000m long (1.2 miles) within which diamond drill hole (1998) Mad 001 returned 188m of 1.20 gm/t Au (bottomed in mineralization at 256m). An announcement regarding the upcoming drill testing of this target is expected shortly.

A tree-bark survey is the only survey (geochemical or geophysical), which accurately defines the exact position of the very high grade Kapit deposit at the nearby Lihir Mine (42 million oz/Au). While a direct comparison of the results defining the bio-geochem anomaly at Feni (ranging up to 42 ppb) with the Lihir bio-geochem results cannot be made it is interesting to note that a biogeochemical value of 10 ppb defined the Lihir gold prospects.

In addition, highly encouraging results from the panned concentrate survey, covering an area of 12 sq. kilometres, have been received. The presence of assay detectable gold, found in most samples, indicates widespread distribution of alluvial gold within and beyond the immediate survey area. Based on an anomalous threshold of 0.1 ppm contained gold, 65 of 81 panned concentrates (81%) are anomalous for gold. Significantly, the results (up to 2020 micrograms Au), demonstrates an abundance of alluvial gold in concentrates from samples taken upstream from the already known Kabang and Mad areas where sub-economic resource estimates for the Kabang prospect are as follows:

• An inferred resource of 4.0 million tonnes at 1.4gAu/t (Bateman Kinhill, 1993); and;
• An unclassified resource of 7.5 million tonnes grading 1.3gAu/t at an unspecified cut-off;
• Or 2.5 million tonnes at a grade of 2.0gAu/t has been calculated (Macmin N.L. (1993).

The recent results from the 10-15m wide Nanum River sampling, upstream from Kabang and Mad, indicates the persistence of a strong gold signature extending well into the yet to be stream sampled central and northern portions of the crater. The company intends to expand sampling into this area shortly once a planned drill program to test the IP anomaly gets underway. The Feni program is being supervised by Dr. David Lindley, a qualified person under the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Pursuant to an Option Agreement between the Company and Vangold, Vangold may acquire a 75-per-cent interest in tenement EL 1021, covering 37 square kilometres on Ambitle and Babase Islands, Papua New Guinea, known as the Feni Gold Project. PNG is considered to be vastly under-explored and highly prospective for the discovery of new mineral deposits.

On Behalf of the Board,

"Robert D. McNeil" M.Sc., BSc., Hons.
President/Chairman



The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

23 January 2004

Vancouver, British Columbia, January 23, 2004: Further to our news releases of December 16 and November 17, 2003, New Guinea Gold Corporation ("NGG") and Vangold Resources Ltd. ("Vangold"), NGG's joint venture partner in the Feni project, have completed and signed a Share Purchase Agreement for the acquisition of 95% of the shares of Kanon Resources Ltd. ("Kanon") a private company registered in Papua New Guinea. NGG currently holds the remaining 5% of the remaining Kanon shares. The Share Purchase Agreement (the "Agreement") is subject to regulatory approval. Upon closing of the acquisition, Vangold and NGG will each hold a 50% interest in Kanon (including the 5% already held by NGG).

Kanon holds 100% of five prospecting licenses and 50% of one, all of which are located in Papua New Guinea. The properties total approximately 1,446 sq kms in area and, based on previous exploration results, they are regarded as advanced stage projects with significant gold known in trench and drill hole with further drill ready targets. In accordance with the terms of the letter of intent, NGG and Vangold have each advanced CDN$35,000 as a partial reimbursement of costs incurred by Kanon. Upon receipt of regulatory approval, NGG and Vangold will each advance a further CDN$35,000.

In addition to these funds, Vangold will issue 1.6 million shares and NGG will issue 1.4 million shares to the vendors, the current shareholders of Kanon. These shares will be escrowed for a minimum of 12 months from the date of issuance. Furthermore, the vendors will be granted an 8% free carried interest to commercial production in each of the mining licences (other than Mt. Nakru). NGG has elected to earn a direct 20% interest in the Mt. Penck property by solely funding the first CDN$300,000 worth of exploration. NGG will then have a 60% interest and will be the manager and operator of that property. Vangold has the right (within 30 days of signing the Agreement) to also earn a 20% direct interest in one of the properties (except Mr. Nakru) by solely funding the first CDN$300,000 worth of exploration.

The vendors will grant to Kanon the right to acquire 50% of the 8% free carried interest for the sum of US$1,000,000 and will also grant Kanon a first right of refusal for a 14 day period from notification of any sale of the remaining interest.

NGG and Vangold have also signed a Shareholders Agreement regarding the management of Kanon. Under that agreement, the Board of Directors of Kanon will consist of two directors from Vangold, two from NGG and two of the existing directors of Kanon. Certain of the Board decisions will require shareholder approval of NGG and Vangold. In addition, a management committee consisting of one representative each of Vangold, NGG and Kanon will be established to manage all operations as directed by the Board.

ON BEHALF OF THE BOARD           

"Robert D. McNeil" M.Sc., Bsc. Hons.
CHAIRMAN & CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

06 January 2004

Vancouver, January 6th 2004. New Guinea Gold Corporation, (the Company), has signed a joint venture agreement with Celtic Minerals Ltd, (Celtic), whereby Celtic can earn a 75% interest in this property by sole funding CDN$4 million in exploration/development on the project. The agreement is subject to approval by regulatory authorities and certain legal and technical due diligence by Celtic (to be completed by January 31st 2004).

The Company has a strategy of bringing in joint venture partners to assist in funding non-core projects in Papua New Guinea. The company has interests in ten exploration projects and three possible near term development projects. These development projects at the Sinivit, Normanby (Imwauna Project), Sehulea (Weioko Project) properties, and the Mt Penck exploration project, form the Company's core projects.

Directors consider that, although all the Company's properties have high potential for major mineral discoveries, it is impractical for New Guinea Gold to attempt to explore all properties, largely because of the adverse impact this would have on the number of issued shares. The company's only means of obtaining exploration capital at this time is by issuing new shares or by joint venture.

The target sought at Crater Mountain is similar to the Porgera Mine (Placer Dome operator), which contains in excess of 25 million ozs of gold. If Celtic's exploration is successful at Crater Mountain, a 25% interest in a deposit similar to Porgera would be a major asset to the Company.

DESCRIPTION OF CRATER MOUNTAIN GOLD PROJECT.

Seven drill holes have been completed at the Crater Mountain Project, with intersections such as 115m at 1.83 g/t Gold (including 3m at 14,16 g/t Gold);24m at 6.55 g/t Gold (including 2m at 52.6 g/t Gold and 2m at 19.01 g/t Gold); 14m at 1.66 g/t Gold; 8m at 1.51 g/t Gold; 4m at 4.25 g/t Gold; 6m at 2.22 g/t Gold.

The main defined mineralised area is some 12 sq km in area. Most is completely unexplored except for limited surface geochemistry.

The Crater Mountain Project, Eastern Highlands Province, Papua New Guinea (EL 1115) is 43 sq km in area, is SE of, and within the Papua New Guinea highlands geological trend which also contains the Porgera and Mt Kare gold deposits.

The Project is a partly dissected strata-volcano which has intruded a sequence of fine grained sediments. Quartz feldspar porphyry, quartz diorite and other dioritic intrusives and andesitic volcanics with associated gold and copper mineralisation occur along a northerly to NE trending transfer structure, of which a strike length of 25km occurs in EL 1115. Mineralisation is known at several places along this structure but most work has been completed at the northern end at the Nevera Prospect.

Crater Mountain has geological similarities to the Porgera deposit and based on this similarity, the known wide intervals of gold in drill hole, and the large surface geochemical gold anomaly, could host a similar deposit.

The Company acquired the project from major shareholder, Macmin Silver Ltd (Macmin) in 2002. The Project was previously farmed out by Macmin to BHP Minerals Ltd ("BHP"). BHP spent approximately $1.0 million on exploration, including three drill holes completed in 1997. BHP withdrew from this joint venture when it ceased active exploration activities in Papua New Guinea, effective on 5th December 1997. The Project then reverted 100% to Macmin. BHP retains a residual right in the Project - that is, a first right of refusal on commercial terms on the sale of any equity in the Project, which may be for sale, between the completion of a bankable feasibility study and the commencement of mine development. If no equity is for sale, BHP cannot acquire any equity.

BHP completed three holes primarily exploring for porphyry copper mineralisation. However, one hole intersected 115m at 1.83 g/t gold with the hole terminating at 340m in gold mineralisation. Macmin drilled four holes with the best result of 24m at 6.55 g/t Gold. All drill holes encountered significant gold throughout their entire lengths, eg; hole 5 intersected 196m at 0.43g/t Gold. All holes showed intense silica, argillic or carbonate alteration and holes 4, 6 and 7 intersected numerous narrow, presumably structurally controlled intersections.

Macmin suggested that the holes intersected the envelope or upper parts of a major gold bearing hydrothermal system and the narrow, higher grade, gold zones may indicate "leakage" along structures from a major gold body at depth.

Limited trenching has given results of: 35m at 3.1g/t Gold, 15m at 1.45g/t Gold, 20m at 1.1g/t Gold, and 30m at 1.95g/t Gold. Most prospective areas have not yet been trenched.

Evaluation of previous soil and stream geochemistry has defined three prospect areas contiguous with the Nevera Prospect and in the general Nevera area at Crater Mountain. The Nevera South Prospect, 2 to 3 kms south of Nevera, has visible gold in two pan concentrates samples which assayed 256g/t Gold and 86.3g/t Gold. At Nevera Southwest rock samples contain up to 33% Zinc and 453g/t Silver and at Nevera West, a 3km long zone west of Nevera, gold in soils of 46g/t Gold and 15g/t Gold have been recorded in addition to many anomalous arsenic values to 860ppm.

The Crater Mountain system is now known to cover at least 12 sq kms and is thought to extend even further to the south. The drilling, trenching and geochemical results indicate the hydrothermal system is very large, has widespread gold mineralisation as indicated by soil and drill holes and probably hosts a number of separate or semi-separate gold mineralised bodies which could be of economic grades. A comparison of early stage exploration at Crater Mountain, Porgera and Mt Kare shows similar results for each property.

Access is reasonable with nearby local airstrips and 4 wheel drive track access to the license area.

Exploration completed includes widespread but variably spaced stream sediment geochemistry, aeromagnetics/ radiometrics, side looking radar, some soil and auger sampling, minor trenching and 7 drill holes totalling approximately 2,000 m.

Additional information is available (including an independent technical report) at www.newguineagold.ca

The technical data in this release was prepared by or under the supervision of Peter A. McNeil, Director of New Guinea Gold Corporation. Mr.Peter McNeil is a Member of the Australian Institute of Geoscientists and meets the requirements of NI 43-101 for a qualified person. Mr. McNeil has a M.Sc. in Geology and approximately 20 years experience in the mineral exploration industry, mostly in Papua New Guinea.

The Company also announces that the private placement of 3,500,000 units at a price of $0.40 per unit (see news release dated November 14, 2003 for further details) closed on December 29, 2003. All securities issued, including units, warrants and common shares issued to the Agents, have a four month hold period expiring on April 30, 2004.



R. D. McNeil
CHAIRMAN & CEO

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in the News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results by the company.