December 20, 2006

PRESS RELEASE

IMWAUNA HOLE IMH 085 INTERSECTS 1.3m at 15.2g/t GOLD

Vancouver 20^th December 2006. New Guinea Gold (NGG) reports:

• Latest intersection of 1.3m at 15.2g/t gold within 3.1m intersection at 7.2g/t gold at 165m downhole. True width is estimated at approximately 2.7m.
• Drilling in 2006 has focused on close spaced drilling to allow estimation of near surface indicated resource.
• Drilling in 2007, utilizing two diamond core rigs will focus on wider spaced holes and deeper holes to allow estimation of an additional inferred resource and provide data as to the overall size of the system.
• A further nine holes have been completed from the high grade southern zone, but results will not be available until late January.
• Extensive check assaying of Imwauna samples confirms the accuracy of the fire assay method used for all core samples.

The intersection of 1.30m at 15.20 g/t gold and 18 g/t silver within a 3.10 metre long intersection that averaged 7.22 g/t gold and 7.9 g/t silver within IMH085 is considered significant as IMH085 intersected high grade gold mineralisation on the same cross section at a depth approximately 80 metres down the structure from IMH082 in the Southern (high grade gold) Zone. Previously released results from IMH082 included 5.60m at 36.16 g/t gold and 44.6 g/t silver with a maximum value of 0.40m at 438 g/t gold and 485 g/t silver. For hole collar locations see attached plan.

A total of four drill holes have now been completed on this section and an updated summary table of the results is as follows:

NB: Vein intersection is a down hole length and not true thickness

In addition to hole IMH085, assay results have also been received from IMH089 located approximately 80 metres to the north of IMH085. IMH089 returned 0.55m at 6.79 g/t gold and 11 g/t silver from 121.50m to 122.05m depth. See also Press Release dated 8 June 2006, and 13th September 2006, for additional high grade gold intersections.

Drilling at Imwauna in 2007 will be focused on extending known gold mineralisation to depth. During the past nine months the drill program was successfully focused on close spaced, shallow holes to provide data for an indicated resource estimate. This program has now clearly shown continuity of near surface mineralisation over an 850 metre length of the trenched 1240 metre long known strike length.

To provide data to allow NGG to estimate an inferred resource, in addition to an indicated resource, drilling in the first half of 2007 will focus on more widely spaced and deeper drill holes to provide a better understanding of the possible overall size of the Imwauna vein system. In addition reconnaissance drill holes will be completed on other known targets within the overall Imwauna - The Knob system. The second diamond core rig, which will speed up this assessment had been scheduled to commence on site in January 2007, but because of a manufacturers delay will not now be operational until February 2007.

Drilling has now been completed on the final planned drill hole for the year, IMH095, and drilling will not resume until mid-January 2007. Drill core samples from this hole and a further nine recently completed holes from the high grade Southern Zone have been shipped to ALS Chemex Brisbane, Australia for analysis. The Company expects that the results of these drill holes will be available in January 2007 and released to the market shortly thereafter. Shipment of some of these samples was delayed due to transport problems.

During the 2006 calendar year, a total of thirty seven (37) drill holes have been completed for a total advance of 4,748.10 metres at the project using the NGG owned and operated diamond drill rig. Approximately 9,630 metres of drilling in a total of one hundred and fifteen (115) drill holes have now been completed at the property. The majority of the drill holes are diamond core holes.

Mr McNeil stated: "that given the number of drill holes completed to date, management now believe that the construction of an NI43-101 compliant resource model incorporating the drill holes completed during 2006 can commence by the end of January 2007 following receipt of assays from ALS Chemex in Brisbane, Australia. However the resource estimate will not be finalized until a series of deeper holes were completed to allow estimation of an Inferred Resource, in addition to an Indicated Resource".

A check assaying program has now been completed to follow up on results announced in a press release dated 21st June 2006. An initial batch of 22 high-grade samples checked by screen fire assay technique suggested the standard fire assay method was underestimating the actual gold content of samples.

Since that time, a further batch of 10 samples assayed by screen fire assay, 80 fire assay repeats of 24 samples and numerous duplicate fire assays results have been completed under carefully monitored conditions by the laboratory. The conclusion is that the normal fire assay testing technique gives accurate results. The second batch of screen fire assays gave almost identical results to the fire assay results and the fire assay repeats of original samples were again almost identical with only a 0.5% overall increase in gold value. NGG and ALS Chemex are unable to satisfactorily explain the 92% increase in gold values indicated by the initial screen fire assays.

All drill core samples were half core samples (cut by diamond saw). Core is logged and photographed before sampling. Assaying was completed at accredited laboratory ALS-Chemex in Townsville, Australia.

The TSX Venture Exchange has not reviewed and does not accept the responsibility or the adequacy 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.

NGG is also in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006).

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (272K)

December 19, 2006

PRESS RELEASE

EXPLORATION DRILLING COMMENCES AT SINIVIT PROJECT

Vancouver 19^th December 2006. Exploration diamond core drilling targeted at increasing the resource base at the Sinivit Project commenced 9th December. At 18th December, the initial hole of a planned 5,000 metre drill program was at a depth of 57m.

The initial drill testing will explore a conceptual target at Evarit-Gorocha Hill, 500m north of the proposed Northern Oxide Pit. This target, which lies at surface, has a similar alteration signature to that over the known Sinivit gold mineralisation.

In a part of the Sinivit,deposit the gold mineralisation does not reach the surface, but is overlain by a silica/clay alteration cap which contains low gold values of about 0.1g/t gold.

The target being tested is a conceptual dilational jog known as the Evarit Hill Jog, between the Gunsap Mt Structure and the Wild Dog Structure. The Wild Dog Structure hosts the Sinivit gold mineralisation. At Evarit-Gorocha Hill, earlier exploration by pitting, defined a 600m wide zone of silica clay alteration. These pits contained small silica boulders and some quartz vein stockworking with gold values typically in the range 0.13 to 0.17g/t.

This initial drill hole will test for gold mineralisation at depth bellow the silica/clay alteration. Results will be available in early February 2007. Further information on the Evarit Hill Jog can be found in NI 43-101 reports on the Sinivit Project at www.newguineagold.ca

Upon completion of drill testing of the Evarit Hill Jog in January 2007, the rig is to be mobilised to the Kavursuki Prospect area to the northeast of Sinivit, to commence resource definition drilling of the near surface oxide mineralisation. The southern end of the Kavursuki Prospect is located approximately 1.5km along strike to the north of the Sinivit veins. At present there is a NI 43-101 compliant inferred resource of 219,300t at 2.10g/t gold for 14,800 ozs of contained gold (see NI 43-101 report dated 30 January 2006).

Previous exploration including substantial bulldozer trenching and twelve diamond drill holes for a total advance of 1,258.45m was completed over a distance of 900 metres along the Kavursuki Prospect. Significant trenching results include the following:

• 28m at 4.84 g/t Au including 14m @ 7.11 g/t Au
• 10m at 1.36 g/t Au
• 8m at 2.1 g/t Au
• 7m at 1.24 g/t Au

Historical drill results that intersected significant oxide mineralisation are:

(See attached figure for trench and drill locations)

Drilling at the Kavursuki Prospect is scheduled to continue throughout 2007 to define additional near surface oxide resources and to test the depth potential of the prospect. It is anticipated that regular updates on the drilling progress will be released to the market as they become available.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (260K)

December 11, 2006

PRESS RELEASE

New Guinea Gold Strengthens Its Papua New Guinea Operations Team
Issues New Stock Options

Vancouver 11thDecember 2006. New Guinea Gold ("NGG" or "the Company") has expanded and reviewed its Papua New Guinea ("PNG") management team with the following appointments:

1. Jack Drzymulsk, Project Manager, Imwauna Gold Project, Normanby Prospect.
   
   Jack has a B.Sc. in applied Science and a Masters in Engineering Science and Mining Industry Management. Jack is an experienced mine geologist whose most recent position was Manager - Geology for the Kianantu Gold Mine in PNG. He is a results oriented geologist, with over 18 years experience which includes providing first class resource evaluation and production optimistic solutions; development of best practice geological systems, procedures, safety protocols, resource estimations, accurate reconciliations and cost effective predictions of metal production.
   
   Jack will be based on site in Alotau PNG, and with the addition of the recently announced second drill will be charged with developing the resource and proceeding to a Preliminary Assessment as soon as possible.
   
   
2. Phillip Miscandlon, Chief Geologist, PNG.
   
   Phillip has approximately 15 years experience including 8 years experience in the Solomon Islands and PNG. He has a Bachelor of Science in Geology and a Bachelor of Business, Commerce and Management. He has considerable professional and logistic experience in operating in areas where NGG currently operates.
   
   Phillip will initially assume responsibility for the Kanon J/V (with Vangold Resources Ltd) reporting to the VP Exploration, Doug Hutchison.
   
   Phillip's most recent employment was with Barrick Gold.
   
   
3. Alexander Asimus, Manager Training, Heavy Equipment and Drilling.
   
   Alexander will assume responsibility (reporting to VP Operations) for the Company's training, heavy equipment and drills within the Exploration sphere.
   
   NGG operates 4 diamond core rigs, 1 RC drill rig, 4 D6 or D7 equivalent bulldozers and 3 excavators in its exploration activities. We intend to add an additional core rig in January 2007.
   
   Alexander has broad experience in PNG and Tanzania, having worked in PNG for Carson Pratt Services in the petroleum sector and for the Porgera (gold) joint venture. Alexander brings a wealth of logistic and operating experience in PNG to NGG.
   
   
4. Doris Davidson has been contracted by New Guinea Gold to assist with establishing the recording and reporting systems at NGG's Mt Sinivit Gold Mine.
   
   Doris is a qualified accountant with extensive experience in developing systems and implementing accounting software packages in a wide variety of industries and organisations. Her previous work with exploration and mining companies will enable her to make an immediate contribution to the transition from mine construction to production at Sinivit.
   
   
5. Anson Griffiths, presently Chief Geologist Development, has been promoted to Manager-New Developments in addition to his role as Chief Geologist, Development which includes the Sinivit Gold Project.

Chairman and CEO Bob McNeil stated "We consider ourselves fortunate to be able to attract these highly experienced professionals to our expanding management/operation team. Currently there is an industry wide shortage of such expertise and we are pleased to welcome Jack, Phillip, Alexander and Doris. In particular Jack is tasked with advancing the Imwauna Project to resource status and possible development."

The Company has proposed a new series of Officers/Directors/Employees/Contractors incentive stock options. The proposed 2,760,000 options, exercisable at $0.33 have a term of 5 years but are subject to a one year vesting period from the date of grant. The granting of these options is subject to regulatory approval.

NGG is also in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006).

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (124K)

December 08, 2006

PRESS RELEASE

SINIVIT DEVELOPMENT SCHEDULE

Vancouver 8th December, 2006 New Guinea Gold Corporation ("NGG" or "the Company") reports significant progress has been made at the Sinivit Project. Facilities at site and operational now include an 80 man camp, office, logistics organization, all necessary mobile equipment, mining contractor and mining equipment, vehicles, explosives magazine, cyanide storage area, maintenance facilities, sample preparation facilities, all mine roads including mine haul roads, crushing plant and gold extraction plant. The surface of the mineralized zone has been benched for initial mining, grade control has been completed over surface exposures and grade control drilling using the RC rig has commenced. The crushing plant will commence commissioning in January and mining of gold mineralized rock and waste has already commenced.

A detailed assessment of the development progress at the Sinivit Mine Project in Papua New Guinea (PNG) was recently concluded, by technical staff from associate company, Macmin Silver Ltd, and has resulted in a detailed amended schedule to gold production.

A myriad of minor delays have been experienced over the past two months, mainly as a result of the following:

• normal start up problems;
• the remote (but accessible) nature of the site;
• delays in shipping within PNG and from Australia to PNG;
• training of new staff; and
• delays inherent in constructing mines in developing countries such as PNG.

Safety considerations in the construction of the vats and the use of cyanide at site for processing has prolonged the construction of the vats. These vats are being built to tailings dam standards to ensure absolute safety. In fact the crushed gold mineralised rock being processed is physically quite stable compared to conventional mine tailings. It consists of sand to pebble size particles which will assume a stable angle of repose at all times in comparison with tailings which can act as a fluid. In addition the vats are fully lined with special purpose, high density plastic liners which are fitted by specialists. These specialists are in high demand at the present time. This industry-wide shortage of specialized technical professionals has an impact on the progress of construction schedules, however, this work is now well advanced and the first two vats are scheduled for completion, including lining by early March 2007.

Chairman and CEO Bob McNeil stated "Although development of the Sinivit Project is proceeding somewhat slower than we had planned there are no major impediments to gold production in the near future. Mining has commenced and crushing will commence in due course. It will take approximately 6 to 8 weeks to crush a sufficient supply of gold mineralized rock in order for processing to commence. At present gold prices of over AUD$800/oz, the Sinivit project is very robust and will provide a very strong foundation for continued expansion of the Company ."

The schedule to gold production is now as follows:

• Mining of waste and gold mineralised rock has commenced with gold mineralised rock being stockpiled as well as waste which is used in the construction of the vat containment walls. The crushing plant is erected and will commence commissioning, using stockpiled gold mineralised rock, in early January. Full scale mining and crushing should be underway in February with the stockpiling of crushed ore for processing in the first vat.
• Vat construction is well underway with sub-surface drainage and monitoring systems in place. Earthworks for Vat 1 will be completed in late January and Vat 2 in late February. Vats 1 and 2 will be lined in late February with completion expected in early March 2007.
• Stockpiled, crushed, gold mineralised rock will be loaded into Vat 1 in early March 2007 and processing is expected to commence in mid March with gold dore to be produced soon thereafter. Vat 2 is scheduled to be loaded and processing commenced by early May 2007.

The above dates should be regarded as approximate and management will endeavor to shorten time frames if possible. The schedule is regarded as realistic, but unforeseen events could still influence, or extend, completion dates.

NGG has a comprehensive drilling program in place for 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See also www.newguineagold.ca

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (156K)

December 05, 2006

PRESS RELEASE

ADDITIONAL DRILL RIG TO BE SENT TO IMWAUNA

Vancouver 5^th December 2006. New Guinea Gold (NGG) has purchased an additional diamond core drill rig to expedite exploration and resource determination at the Imwauna Prospect, Normanby Property, Papua New Guinea.

The drill rig is scheduled to be shipped from Australia on or around 10th December and should be in operation at the Project in January 2007. Two rigs will now be operating throughout 2007 at Imwauna. NGG, in January 2007, will operate five diamond core rigs and one RC rig on its properties and J/V properties in PNG. All drill rigs are owned and operated by NGG or its subsidiary Kanon Resources Ltd.

BACKGROUND

The Imwauna project is located within the Normanby Property, SE Papua New Guinea. The Company owns 100% of this property. Imwauna is a key NGG gold project. Management's objective is to define 43-101 compliant resources as soon as practical. Approximately 8000m of drilling have now been completed at the property and most drill holes are diamond core holes. The Imwauna project contains defined gold mineralisation scattered over approximately 10 sq kilometers, and was selected by management for a major evaluation program in 2006/2007 to extend the known mineralisation and to build a substantial resource base. One drill rig has been employed continuously on this project throughout 2006, but in view of recently encountered very high grade gold intersections the Company has considered it prudent to add an additional drill rig to speed up the program.

Recent drill holes which have intersected very high gold grades over significant widths are (all results previously announced in press releases):

All drill results above a cut off of 0.5g/t gold are available at www.newguineagold.ca

The project can be summarized as follows:

• Scattered gold mineralisation in soils, trenches and drill holes over approximately 10 sq kms.

• Historical inferred resource, based on initial 15 drill holes, of 990,000t @ 6.1g/t gold and 12g/t silver for 194,000 oz gold and 382,000 oz silver. Approximately 120 drill holes now completed.

We are required under the Standards of Disclosure for Mineral Projects in NI 42-101 to issue the following statement in respect to the historic inferred resource: New Guinea Gold Corporation has disclosed historical resource estimates for the Imwauna (Normanby) project. However, these resource estimates have been based on historical estimates and have not been verified and supported by NI 43-101 compliant, independent technical reports. As such, the historical resource estimates cannot be relied upon until they have been verified and supported by NI 43-101 compliant technical reports.

This historical resource was estimated by NGG on the basis of 15 drill holes in the late 1990's; the historical resource is relevant; the estimate is considered reliable and at the time of estimation complied with the guidelines of the JORC code; the estimation uses categories stipulated in NI 43-101.

• Drilling to define resources and the potential of the property is in progress and will continue throughout 2006/2007.

• Best drill results before the above results were 3.7m @ 94.4g/t gold and 7.2m @ 16.5g/t gold from the northern part of the system. The above new results are some 500m south of these results.

• Trial mining completed - had an average grade of 14.1g/t gold over a 2.2m mining width.

• Bulk sampling of 38 excavator trenches over 1240m strike length averaged 26.4g/t gold over an average of 1m width in central high grade part of the system with likely open pit mining width defined as 3 to 4 metres.

• The initial Target at Imwauna is between 2.5 million and 4 million tonnes at 8 to 15g/t gold. This Target has been developed from trenching of surface exposures over a strike length of 1.2 kms, approximately 120 drill hole intersections, trial mining and bulk sampling results, geophysical surveys, and mineralisation known over a vertical interval of 300m.

We are required under the Standards of Disclosure for Mineral Projects in NI 43-101 to issue the following statement in respect of the above Target: The potential quantity and grade is conceptual in nature, no NI 43-101 mineral resource has been defined on the property and it is uncertain if a mineral resource will be defined on the property.


NGG is also in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006).

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (156K)

November 23, 2006

PRESS RELEASE

NGG STRENGTHENS WORKING CAPITAL

Vancouver, 23^rd November 2006 New Guinea Gold Corporation (the "Company" or "NGG") announced that
Warrant holders, including Company Officers, had recently exercised a total of approximately C$2.35 million
of warrants primarily in the quarter ending September 30 , but inclusive to November 15. At September 30 2006, New Guinea Gold had working capital of $2.95 mm.

NGG has also closed a Kina 7 million (Papaua New Guinea currency - about C$3 million) working capital facility from Bank of South Pacific, the leading Papua New Guinea based commercial bank, with assets totalling Kina 2.95 billion (C$ 1.3 billion). The Bank of South Pacific (BSP) is internationally rated by Standard and Poors. The line of credit is intended provide required working capital, if required, for the Company prior to receipt of cash flow.

"We are delighted to have entered into this arrangement with BSP, Papua New Guinea's largest commercial bank, which provides yet another indication of the quality of the Sinivit project," said Bob McNeil, Chairman and CEO of New Guinea Gold. "Under the terms of the facility the Company is not required to forward sell or otherwise hedge any future gold production and the Company's present policy is not to engage in such activity."

NGG is developing the Sinivit gold property (92.5% owned) in Papua New Guinea where construction is scheduled for completion in December. The Company is also currently engaged in resource definition drilling at the Imwauna Gold Project. NGG expects to commence drilling at the Weioko Project in the near future and recently completed a drilling program to test molybdenum potential at Simuku (results pending).

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (124K)

November 22, 2006

PRESS RELEASE

NEW ZONE OF GOLD MINERALISATION DISCOVERED AT MT PENCK

Vancouver 22 November 2006 During recent field mapping and sampling at the Mt Penck project (West New Britain Province, Papua New Guinea) a new zone of gold mineralisation was discovered at Peni Creek, about 700m west of the Kavola East zone currently being tested by drilling. Coarse visible gold particles have been panned from the weathered portion of an altered shear zone in feldspar porphyry. The shear zone is up to 1m wide and has been traced for a distance of 20m before disappearing under cover. Mapping and rock chip sampling of this new target is now in progress.

The Peni Creek area was previously explored by BHP and Indo Pacific Resources in the 1980's and 1990's. Trenching exposed wide zones of relatively low grade gold mineralisation in argillically altered volcanics. Historical trenching results include 16m @ 2.08g/t gold; 77m @ 1.03g/t gold, including 8m @ 3.43g/t gold; 32m @ 1.41g/t gold; 24m @ 1.36g/t gold; and 4m @ 3.87g/t gold. Follow up drilling by BHP and Indo Pacific intersected generally narrower zones of somewhat lower grade to depths of 62 metres. Historical drilling results include 32m @ 0.98g/t gold; 26m @ 0.95g/t gold; 8m @ 1.4g/t gold; 6m @ 1.3g/t gold and 4m @ 2.41g/t gold. The newly-discovered zone is located some 150m northwest of the area tested by previous trenching and drilling.

At the Kavola East zone assay results for hole MPD024 have now been received. This hole contained six narrow intersections above cut off grade of 0.5g/t gold from surface to a depth of 150m. The best intersections were 1m @ 4.5g/t gold and 60.6g/t silver from 0-2m, and 2m @ 1.72g/t gold including 1m @ 2.29g/t gold and 0.11% copper from 66-68m. The location of MPD024 is shown on the plan included in a press release dated 11th October 2006. The hole was collared to the west of the main Kavola East zone and was drilled to the west on an azimuth of approximately 300 degrees. The narrow, intermittent zones of mineralisation that were intersected probably mark the western limit of the Kavola East mineralized zone.

Drilling has resumed at Mt Penck after a 2-week delay due to mechanical breakdown. Drilling at Kavola East will be completed in the near future and the rig will then be moved to the west to begin testing new targets away from Kavola East.

In upper Peni Creek, 300m west of Kavola East, hand trenching has exposed a high grade vein/breccia zone over a strike length of 100m, which is up to 2m wide trending northeast. Previous channel sampling of this zone returned a historical assay result of 1m @ 38.2g/t gold. This is a new target that will be drill tested in the near future.

Recent mapping has led to a reinterpretation of the origin of two key rock units at Mt. Penck. Rocks previously mapped as epiclastic sediments and pyroclastics are now thought to be intrusive hydrothermal breccias, and some quartz feldspar dacites previously mapped as lavas are clearly intrusive porphyries. Gold mineralisation is closely associated with both rock types and the better gold values are often contained in zones of intense quartz stockworking and crackle brecciation on the margins of the hydrothermal breccia bodies. From this work new geological concepts are being developed to help interpret the drilling data and define new drill targets.

All drill core is logged, photographed and split on site with preparation and assaying of half core carried out using 50g fire assay technique, at accredited laboratory ALS Chemex in Townsville, Australia.

The Mt Penck Property is owned 80% Kanon Resources Ltd and 20% New Guinea Gold (NGG) giving NGG an effective 60% interest in the property.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

The technical data in this release was prepared by or under the supervision of Douglas Hutchison, MSc, VP Exploration, of New Guinea Gold Corporation. Mr Hutchison has an MSc in Geology, has more than 20 years mining industry experience, is a Member of the Australian Institute of Geoscientists, and meets the requirements of NI 43-101 for a qualified person.

ON BEHALF OF THE BOARD



"D.S. Hutchison"
Vice President Exploration


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy 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.

PDF File (64K)

November 22, 2006

PRESS RELEASE CORRECTION (HIGHLIGHTED)

PROPOSED RE-ORGANISATION PLAN FOR NEW GUINEA GOLD PROPERTY ASSETS

Vancouver, 22^nd November 2006 New Guinea Gold Corporation (the "Company" or "NGG") holds interests in ten gold properties and two porphyry copper/gold/molybdenum properties in Papua New Guinea. The Company is focussing on gold - developing the Sinivit property (92.5% NGG) and defining resources on the Normanby property (Imwauna Project - 100% NGG), Sehulea Property (100% NGG), and Mt Penck Project (60% NGG). Although exploration is proceeding on all 12 properties, the financial resources of the company has not permitted exploration to proceed at a pace warranted by the potential of the remaining properties and present metal prices. The Company needs to obtain better value for shareholders from these assets.

Management, our investment advisers and some major shareholders are of the opinion that the present share price and market capitalisation of the Company only reflects the few key properties on which exploration/ development is currently focussed and does not factor in a value for most of the remaining properties.

Seven properties are being considered as part of the re-organisation and of these seven properties six are held in conjunction with Vangold Resources Ltd. The Boards of Directors of the partners are pleased to announce that their respective management teams are preparing a proposal for the re-organisation of mineral property assets currently held by Kanon Resources Ltd (Kanon), the Simuku porphyry copper/gold/molybdenum system held by NGG (90%) and Yeaman (10%) and the Mt Nakru porphyry copper/gold/molybdenum system held by NGG 50% and Kanon (50%). Kanon is owned 50% NGG and 50% Vangold. Each of the respective Boards of Directors have instructed their management teams to negotiate the terms of the re-organisation, review financing sources and nominate Boards of Directors.

The terms of the re-organisation are subject to the necessary financing and the respective Board's, shareholder, regulatory and statutory approvals.

The re-organisation will allow NGG to focus more closely on its three key gold properties, Sinivit (NGG 92.5%), Normanby (Imwauna 100% NGG), and Sehulea (Weioko 100% NGG). NGG will also retain its interests in J/V properties Feni and Crater Mountain. The re-organisation should allow a substantial increase in drilling activity at the key properties.

The "spin off" companies being considered for the re-organisation are:

• The first company would be Kanon Resources properties which include the Mt Penck, Allemata, Bismarck, Fergusson and Yup River properties.
• The second company would include the 90-per-cent-New-Guinea-Gold-and-10-per-cent-Mr.-Yeaman- owned Simuku porphyry copper-gold-molybdenum property, and the jointly held Mt. Nakru porphyry copper-gold-molybdenum system (Kanon -- 50 per cent and New Guinea Gold -- 50 per cent, giving New Guinea Gold an effective 75-per-cent interest). Mr. Yeaman has indicated an interest in extending an option on his 10-per-cent carried interest in Simuku to New Guinea Gold.

All properties in the proposed "spin off" are described in detail (including NI 43-101 reports) at www.newguineagold.ca

Mr Bob McNeil, Chairman and CEO of NGG states: "We all believe that the best way to benefit our respective shareholders is by transferring these highly prospective mineral property assets into the two new entities. Our Board is considering how shareholders can gain most benefit from the reorganization. Our preference is to distribute some or all of the interest retained by NGG directly to shareholders in proportion to their holding in NGG but I must emphasize that at this time the Board has not made a final decision. If this reorganization is approved, it will allow us to increase our activities on these projects without further major dilution of each company's shares. For example, we would expect to increase the current expenditures at Mt Penck by at least 100%, add additional drills to the program and also start a drilling program to define resources at the copper properties. I believe this will be a great opportunity for our shareholders."

Mr. Dal Brynelsen, President and CEO of Vangold commented on the re-organisation by stating, "This is the first major step forward for Vangold's large portfolio of projects. Our mandate has always been to create solid, viable entities from our diverse projects directly enhancing shareholder value. This particular combination of properties will allow both new companies the opportunity to become such entities. The new companies will be well financed with a strong balance sheet and no debt. This will ensure that exploration and development can be expedited on a more timely schedule, with the aim of meeting our common goal that of furthering development and adding to the value of these important assets. I agree with Bob that Vangold would also look to distributing some or all of the interest retained by Vangold directly to shareholders in proportion to their holdings in Vangold."


NGG is also developing a gold project at the Sinivit property in Papua New Guinea and is currently engaged in resource definition drilling at the Imwauna Gold Project. NGG expects to commence drilling at the Weioko Project in the near future and recently completed a drilling program to test molybdenum potential at Simuku (results pending).

Drilling continues at Mt Penck and will commence at Mt Nakru in the near future.

In other PNG projects, recent field sampling and mapping at the Feni Project has defined a three square kilometer area within the former Ambitle Volcano collapse which warrants drill testing for Lihir style gold mineralisation (News Release 7 November, 2006). The Feni Project is presently held 50/50 by Vangold and NGG with Vangold retaining the right to acquire a further 25% interest.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (76K)

November 16, 2006

PRESS RELEASE

PROPOSED RE-ORGANISATION PLAN FOR NEW GUINEA GOLD PROPERTY ASSETS

Vancouver, 16^th November 2006 New Guinea Gold Corporation (the "Company" or "NGG") holds interests in ten gold properties and two porphyry copper/gold/molybdenum properties in Papua New Guinea. The Company is focussing on gold - developing the Sinivit property (92.5% NGG) and defining resources on the Normanby property (Imwauna Project - 100% NGG), Sehulea Property (100% NGG), and Mt Penck Project (60% NGG). Although exploration is proceeding on all 12 properties, the financial resources of the company has not permitted exploration to proceed at a pace warranted by the potential of the remaining properties and present metal prices. The Company needs to obtain better value for shareholders from these assets.

Management, our investment advisers and some major shareholders are of the opinion that the present share price and market capitalisation of the Company only reflects the few key properties on which exploration/ development is currently focussed and does not factor in a value for most of the remaining properties.

Seven properties are being considered as part of the re-organisation and of these seven properties six are held in conjunction with Vangold Resources Ltd. The Boards of Directors of the partners are pleased to announce that their respective management teams are preparing a proposal for the re-organisation of mineral property assets currently held by Kanon Resources Ltd (Kanon), the Simuku porphyry copper/gold/molybdenum system held by NGG (90%) and Yeaman (10%) and the Mt Nakru porphyry copper/gold/molybdenum system held by NGG 50% and Kanon (50%). Kanon is owned 50% NGG and 50% Vangold. Each of the respective Boards of Directors have instructed their management teams to negotiate the terms of the re-organisation, review financing sources and nominate Boards of Directors.

The terms of the re-organisation are subject to the necessary financing and the respective Board's, shareholder, regulatory and statutory approvals.

The re-organisation will allow NGG to focus more closely on its three key gold properties, Sinivit (NGG 92.5%), Normanby (Imwauna 100% NGG), and Sehulea (Weioko 100% NGG). NGG will also retain its interests in J/V properties Feni and Crater Mountain. The re-organisation should allow a substantial increase in drilling activity at the key properties.

The "spin off" companies being considered for the re-organisation are:

• The first company would be Kanon Resources properties which include the Mt Penck, Allemata, Bismarck, Fergusson and Yup River properties.
• The second company would include the 90% NGG, 10% Yeaman owned Simuku porphyry copper/gold/molybdenum property and the jointly held (Kanon 50%, NGG 50% giving NGG an effective 75% interest). Yeaman has indicated an interest in extending an option on his 10% carried interest in Simuku to NGG.

All properties in the proposed "spin off" are described in detail (including NI 43-101 reports) at www.newguineagold.ca

Mr Bob McNeil, Chairman and CEO of NGG states: "We all believe that the best way to benefit our respective shareholders is by transferring these highly prospective mineral property assets into the two new entities. Our Board is considering how shareholders can gain most benefit from the reorganization. Our preference is to distribute some or all of the interest retained by NGG directly to shareholders in proportion to their holding in NGG but I must emphasize that at this time the Board has not made a final decision. If this reorganization is approved, it will allow us to increase our activities on these projects without further major dilution of each company's shares. For example, we would expect to increase the current expenditures at Mt Penck by at least 100%, add additional drills to the program and also start a drilling program to define resources at the copper properties. I believe this will be a great opportunity for our shareholders."

Mr. Dal Brynelsen, President and CEO of Vangold commented on the re-organisation by stating, "This is the first major step forward for Vangold's large portfolio of projects. Our mandate has always been to create solid, viable entities from our diverse projects directly enhancing shareholder value. This particular combination of properties will allow both new companies the opportunity to become such entities. The new companies will be well financed with a strong balance sheet and no debt. This will ensure that exploration and development can be expedited on a more timely schedule, with the aim of meeting our common goal that of furthering development and adding to the value of these important assets. I agree with Bob that Vangold would also look to distributing some or all of the interest retained by Vangold directly to shareholders in proportion to their holdings in Vangold."


NGG is also developing a gold project at the Sinivit property in Papua New Guinea and is currently engaged in resource definition drilling at the Imwauna Gold Project. NGG expects to commence drilling at the Weioko Project in the near future and recently completed a drilling program to test molybdenum potential at Simuku (results pending).

Drilling continues at Mt Penck and will commence at Mt Nakru in the near future.

In other PNG projects, recent field sampling and mapping at the Feni Project has defined a three square kilometer area within the former Ambitle Volcano collapse which warrants drill testing for Lihir style gold mineralisation (News Release 7 November, 2006). The Feni Project is presently held 50/50 by Vangold and NGG with Vangold retaining the right to acquire a further 25% interest.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

PDF File (160K)

November 08, 2006

PDF File (104K)

November 07, 2006

NEWS RELEASE

NEW DRILL TARGET AREAS DEFINED AT FENI PROJECT

November 7, 2006 - Vancouver, BC - New Guinea Gold Corporation ("the Company or NGG") reports that recent field sampling and mapping by Dr. David Lindley, formerly V.P. Exploration for the Company and JV Partner, Vangold Resources Ltd. ("Vangold") and the project's lead geologist, has defined a 3 square kilometer area within the former Ambitle Volcano collapse (or failure) "crater" which warrants drill testing for Lihir style gold mineralization. The Feni Project is presently held 50/50 by NGG and Vangold, with Vangold retaining the right to acquire a further 25% interest.

The fieldwork showed the following conclusions:

• The vast majority of streams within the Ambitle "crater" contain alluvial gold and the gold defined by drill holes to date does not explain the widespread distribution of this gold.
• The geological mapping completed suggests that 3 square kilometers of the prospective area of the "crater" is masked by surface or near surface recent trachyte lava flows and tephra (volcanic ash) and this area has not yet been tested by drilling.
• Initially 15 drill holes have been recommended to test the potentially prospective area, with such drilling likely to be carried out in the first quarter of 2007.

Dr. Lindley's main points from his report are quoted below:

• Detailed 1:2,500 geological mapping of the upper Nanum Valley, Ambitle Island, combined with petrological studies and a reappraisal of drilling and TMI aeromagnetics data in the area, has confirmed the presence of a late-stage trachyitic lava, with a possible areal extent in the order of 3 km2.
• This rock unit has previously been interpreted as an intrusive trachyitic plug or a cumulodome.
• Rock and panned concentrate sampling supports previous sampling, and has served to focus attention on the volcanic sequence masked by the Dome trachyitic lava and tephra-covered areas around the margins of the lava sheet.
• A review of previous drilling along the mapped trace of the Kabang Structure across the Dome lava has downgraded the potential for structurally controlled mineralisation.
• However, panned concentrates point strongly to the presence of Lihir-style sulphide-hosted disseminated gold mineralisation in region of the Dome trachyitic lava. Although there is an issue in respect of pyritic epiclastics interbedded within the tephra as a potential sulphide-gold source, it can be argued that this source probably can't account for the abundance of alluvial gold within the Nanum Valley.
• The Lihir deposit with 42 Moz gold is confined to a ~ 2 km2 area and about 50% (by area) of the rock within this zone is unmineralised or weakly mineralised. There is sufficient area masked by and adjacent to the Dome trachyitic lava to locate any one (or more) of the component ore bodies that make up the Lihir deposit.
• Therefore the sequence masked by and adjacent to the Dome trachyitic lava represents a target worthy of drill testing. There is little more surface work that can be done.
• Fifteen holes of approximately 100 m separation are proposed for drilling along two approximately perpendicular cross-lines, for a total of 2,250 metres.
• Reverse circulation drilling should be used in order to contain costs. Cored holes are not required at this stage of reconnaissance drilling.

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.
Work is also ongoing at other NGG and Vangold jointly owned properties in PNG (News Release July 26, 2006). At Mt. Penck the latest results from the drill program is continuing to include numerous (30) gold intersections above cut-off grad of 0.5 g/t gold (News Release October 11, 2006).


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



"Robert D. McNeil"
Chairman and President

PDF File (132K)

October 23, 2006

NEWS RELEASE

DRILLING TO COMMENCE AT MT NAKRU

October 23, 2006 - Vancouver, BC - New Guinea Gold Corporation ("the Company or NGG") - announces further information on the Company's Kanon Resources Ltd. Mt. Nakru project EL 1043 ("Kanon") in Papua New Guinea. Kanon is owned 50% Vangold and 50% NGG. The Mt Nakru property is beneficially owned 25% by Vangold and 75% by NGG.

Mr. Bob McNeil, President and CEO of NGG, has reported that a drill rig is currently being mobilized to the Mt Naku site and is expected to be drilling with the next two weeks. Mr. McNeil said that the rig will begin drilling at the Nakru 1 prospect where an assessment of current and previous trenching suggests that a structural zone over 1km in length and 300m in width contains widespread gold over 0.1g/t and sporadic gold above 0.5 g/t. (See attached map). Bulldozer trench results from northeast to southwest were:

• 95 metres at 2.88 g/t gold including 35 metres at 7.26 g/t gold
  
• 40 metres at 1.18 g/t gold and, 35 metres at 1.2 g/t gold
  
• 42 metres at 2.7 g/t gold and 51 metres at 2.2 g/t gold

The initial drilling will test the zone of 35 metres at 7.26 g/t gold .

The attached map shows the known extent of copper and gold anomalism in auger drill soils at Nakru 1 and the copper/gold/molybdenum values in rock samples collected in creeks. The initial soil sampling program did not cover all of the eastern gold zone, including most of the above trench results and will be extended to cover this zone in the future.

The complete data of trenching results was disclosed is a news release dated May 25, 2006 which may be accessed at www.newguineagold.ca or www.sedar.com .

The Mt Nakru copper-gold system which is located in West New Britain, is a large acid-intermediate, volcanic-intrusive complex which covers 30km², much of which is mineralised to a greater or lesser degree. The complex marks the topographically highest point within the Kulu-Awit corridor. Four separate prospects have been identified with significant copper and gold values found in outcrop, trench or drill samples, along with significant silver, molybdenum and zinc grades. The prospects occur within a 5 km diameter circular topographic feature, which may represent a caldera type structure or a zone of doming and tensional fracturing above a rising intrusion. The circular feature is intersected by N-E and N-W trending lineaments which become important controls for the focussing of mineralisation. Airborne geophysics and stream geochemistry indicate the system may be larger than the area explored to date. Mt. Nakru 1 is the most advanced of the four prospects and has the best potential to host a large Cu-Au deposit. Deep auger soil sampling, more than 10km of hand and bulldozer trenching and nine drill holes have been completed.



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 or the adequacy of this release. The statements made in this News Release may contain certina 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

PDF File (204K)

October 17, 2006

PRESS RELEASE

NGG: Investor Conference call Thursday Oct 19, 11:00 am PT/2:00pm ET

Vancouver BC. 17th October 2006. Chairman & CEO Bob McNeil will hold a conference call to update investors on recent progress and to answer questions.

To participate in the call, please dial 1-888-789-0150 or 416-695-5261 five minutes before scheduled call time October 19 @ 11:00 AM PT / 2:00 PM ET. A replay will be available through October 27. Replay dial in numbers are 1-888-509-0081 or 416-695-5275.

New Guinea Gold has scheduled a series of investor meetings and presentations including:

• Vancouver: October 18th @ 1:30 pm - Crowne Plaza Hotel Georgia, Queen Anne Room
• Toronto: October 24th @ 12:00 noon - The National Club
• Frankfurt: Stock Day Conference, October 28th
• Munich: Munich Resources Conference, November 3rd and 4th

For further details: www.newguineagold.ca .


For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net


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 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.

Also available as a PDF File (88K)

October 12, 2006

PRESS RELEASE

DRILL TESTING COMMENCES ON THE MOLYBDENUM ZONE AT SIMUKU PORPHYRY COPPER/MOLYBDENUM/GOLD PROPERTY

Vancouver 12^th October 2006. As noted in a Press Release dated 5th April 2006, bulldozer trenching at the Simuku porphyry copper/molybdenum gold project in West New Britain, Papua New Guinea returned the following channel sample results:

• 73m at 0.17% molybdenum
• 6 m at 0.34% molybdenum

A diamond core drill was mobilised to site on 7th October 2006, and it is planned to initially drill two holes, totaling approximately 200m, to test this zone. Results are expected in mid November.

The Simuku project is described in an independent NI 43-101 report which can be viewed at www.newguineagold.ca .

At Simuku copper, molybdenum and gold mineralisation are discontinuously present over an area of at least 5km by 2.2km.

More than 23 kilometres of bulldozer/excavator trenching and 12 drill holes have been completed at the Simuku property. Satellite imagery over the Simuku mineralised system shows an apparent large circular feature which could represent a volcanic rim suggesting a caldera or eroded strata-volcano. The Mt Misile target area may represent the core of the larger Simuku porphyry (2km diameter) with a potassic core and halo of magnetite destruction.

At Simuku many significant copper, molybdenum and gold trench and drill hole intersections have been defined and these are noted in the Press Release of 5^th April 2006.

"The results of prior drilling suggest substantial depletion of copper at surface in some areas where the copper has been leached and taken into solution, reducing the original or actual copper values at surface," said Chairman and CEO Bob McNeil. "Thus, in certain areas, trench intersections of 0.1% copper could represent much higher copper values in the subsurface."

NGG is presently focussing on four key gold projects. At Sinivit, NGG is developing a gold mine. The mine is largely complete and plant commissioning will commence in November 2006. NGG is also drilling the Imwauna prospect (see Press Release dated 14 September 2006), where high grade gold such as 3m at 106g/t gold has recently been intersected. Drilling at the Weioko prospect (Sehulea Project) will commence in November 2006. Mt Penck drill results were noted in a Press Release dated 11th October 2006.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (116K)

October 11, 2006

PRESS RELEASE

HIGH GRADE GOLD & SILVER ZONE IN HOLE MPD 22 at MT PENCK

The latest drill results, from five holes at the Mt Penck project (West New Britain, Papua New Guinea) continue to include numerous (30) gold intersections above cut-off grade of 0.5g/t gold. A higher grade zone of 2m at 19.1g/t gold and 130g/t silver, and wider, bulk mineable grade zones such as 9m at 6.4g/t gold and 8.3m at 1.7g/t gold were intersected (see table).

Results of 24 holes from the Kavola East part of Mt Penck are now available (including one historical hole) and suggest that gold mineralisation is widespread over the drill tested area. This area extends 500m east-west and 300 north-south, with most holes drilled containing significant gold intersections above cut-off grade of 0.5g/t gold. For all results, which typically include 5m at 5.9g/t gold, 19m at 1.6g/t gold, 26m at 2.3g/t gold and 4m at 18.7g/t gold refer to Press Release dated 6th September 2006.

Hole MPD22, which intersected the high grade zone is the western most hole drilled to date (see figure) and was drilled on an azimuth of approximately 135 degrees.

This hole contained ten intersections above cut off and appears to be defining a new major zone of mineralisation to the west of the original Kavola East zone. Two high grade gold zones were intersected between 50m - 51m and 91m - 93m downhole of 16.4g/t gold (70g/t silver) and 19.1g/t gold (130g/t silver) respectively. The style of mineralisation differs from the Kavola East zone in containing high silver and significant copper, lead and zinc. Zinc, lead, and copper values reached 12.2%, 7.1% and 0.7% respectively over the interval 28m to 29m downhole. All results are given in the accompanying table.

In addition to the intervals above 0.5g/t gold quoted in the accompanying table much of the remainder of the holes are mineralised with grades between 0.1 and 0.5g/t gold. The very extensive, almost pervasive, low grade gold mineralisation is a characteristic of the Mt Penck system, and suggests that overall, the gold mineralisation system is large.

The hole locations are shown, with gold soil geochemistry, on the accompanying plan. The plan illustrates the geographically extensive area in which drill intersections have defined gold mineralisation and that gold geochemical soil anomalies, where drilled, have significant subsurface gold mineralisation.

Except for the central mineralised zone of Kavola East the lateral extent and depth of many of the intersections is still unknown. Much drilling remains to be completed before the system is fully evaluated, and the various styles of mineralisation fully understood.

An additional point to note is that the accompanying figure encompasses less than 25% of the known gold anomalous area at Mt Penck (approximately 2 sq kms) and many targets outside the area of the figure remain to be drill tested (see figure 2 in Press Release dated 6 September 2006, or on the web site at www.newguineagold.ca). Drill assays from the present holes above 0.5g/t gold are listed below:

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

NGG is presently focussing on four key gold projects including Mt Penck. At Sinivit, NGG is developing a gold mine which is largely complete: plant commissioning will commence in November 2006. NGG is also drilling the Imwauna prospect (see Press Release dated 14 September 2006), where high grade gold such as 3m at 106g/t gold has recently been intersected. Drilling at the Weioko prospect (Sehulea Project) will commence in November 2006.

All drill core is logged, photographed and split on site with preparation and assaying of half core carried out, using 50g fire assay technique, at accredited laboratory ALS Chemex in Townsville Australia.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (224K)

September 19, 2006

PRESS RELEASE

SHAREHOLDER UPDATE - SEPTEMBER 2006

Vancouver - 19^th September 2006. New Guinea Gold (NGG) provides the following update on its exploration and development activities in Papua New Guinea.

SINIVIT MINE DEVELOPMENT

The development of the Sinivit Gold Project experienced further delays due to unseasonable weather. In late August, over a two day period, 350mm (14 inches) of rain fell, followed by several days when 50mm (2 inches) was recorded each day. This weather set the schedule back about three weeks. On the 13^th September a further 320mm (12.8 inches) of rain fell with 150mm (6 inches) on the 14th September. This latter rainfall has not resulted in any substantial delays, due to substantial upgrading of all site roads over the past few weeks. Total rainfall for the past year has been more than 200% of average annual rainfall and has been the main reason for delay in project completion.

Other stalls in development have been caused by late delivery of equipment due to shipping delays, a consequence of the general pressure on suppliers of mining equipment. For example, the screening plant from Ireland was off-loaded in the Solomon Islands (it is now on site), the scheduled shipping of the crushing plant to site has now been twice delayed and, in another instance, our cargo was left at the wharf in Brisbane, Australia.

Construction capital expenditure is 90% expended and total capital cost to date is approximately C$6.5 million. Delays and increases in costs will add approximately C$1 million to the original capital estimate.

With all equipment at Sinivit by mid October, with the mining contractor now fully operational and all on-site roads fully operational, we do not expect further significant delays to the revised schedule below.

The development schedule at present is as follows:

• Mine infrastructure, camp etc - essentially complete.
• Access road - complete
• Mine roads, including haul roads - essentially complete
• Maintenance facility - complete
• Screening plant, gold recovery circuit, laboratory - all on site with erection completed by end of October 2006.
• Contractor - all equipment on site and now assisting in completion of site works, roads, vats etc.
• Crushing plant expected to be on site by mid October 2006, in place and commissioning to occur during November 2006.
• Pre-stripping of the mine will commence in late September 2006 and waste will initially be used in vat walls
• The first two vats should be completed and lined by the end of November
• Mining and crushing of ore will commence in December 2006 with gold production in January 2006.

EXPLORATION

Most of NGG's projects already have significant defined mineralisation in drill hole and/or trench. For details refer to project descriptions at www.newguineagold.ca . The Company's main objective is to increase its resource base as rapidly as possible. At present, three diamond core rigs are being used for resource definition at the Imwauna (100% NGG) and Mt Penck (60% NGG) Projects. Imwauna is within the Normanby Property. NI 43-101 compliant resource estimates are targeted for both projects for completion in late 2006 or early 2007.

Independent Qualified Person, Ralph Stagg, visited the Normanby, Sehulea and Mt Penck properties in preparation for compilation of Independent Technical reports on those properties.

NGG has acquired two further drills which will commence operating at its Sinivit property in early October, 2006, with the objective of increasing the present defined resources.

Excellent drill results are being received from both Imwauna and Mt Penck.

Imwauna (Normanby Property - 100% NGG)

Resource definition drilling has continued using a single diamond core drill rig. Subject to available finance it is intended to acquire a further drill rig for the project later this year or early 2007. Excellent drill assays have been received since the last update and were released in a Press Release dated 13th September 2006. In particular two further holes were drilled into the high grade zone noted in the last update. Previous intersections into this zone gave best results of 6m at 68g/t gold including 3m at 106g/t gold and 6.45m at 20.9g/t gold (see Press Release dated 26th July 2006) In the latest Press release the highest gold value so far intersected in core at Imwauna, 438g/t gold, was noted with the best intersections summarized below. All results are available in the Press Release of 13th September 2006.

NB: Interval is length downhole and not a true thickness. True thickness is unknown.

The Imwauna Vein system has been defined at surface over a length of 1.2 kms by excavator trenching (see web site www.newguineagold.ca for excavator trench results). Approximately 110 drill holes have now been completed over approximately 850m of the 1.2 km system. The vein system with significant gold grades is now known to extend over a vertical interval of at least 200m. In the southern end of the system the highest grades and greatest widths are occurring at depths of greater than 50m. An additional drill is required to extend our knowledge of the system to greater depths.

The individual veins within the Imwauna Vein System are not planar or linear over long distances. They vary in dip from as low as 50 degrees west to 65 degrees east. In addition veins may bifurcate into two or more veins, substantially vary in thickness and attitude over intervals of less than five metres thus making estimation of true thickness of any intersection uncertain. All data is being compiled into a Surpac model to more accurately assess continuity, attitude and thickness of individual veins.


Mt Penck Project (60% NGG)

Drilling has proceeded rapidly at the Kavola East Prospect at Mt Penck with 24 holes now completed and results available for 19 holes (including one historic hole).

The drilling is defining widespread and multiple zones of lower grade disseminated type gold mineralisation with mineralisation commencing at surface and traced to a depth of approximately 130m at present.

Two drill rigs are operating, but in October one rig will be mobilised to drill at the Simuku and Mt Nakru properties and the remaining rig will continue drilling at Mt Penck for the remainder of 2006. A total of 18 drill holes since mid 2005 have now been reported and all drill holes intersected several zones of mineralisation at greater than 0.5g/t (see the better intervals shown below, and refer to Press Release dated 6th September 2006 for all results).

There appear to be both vertical and horizontal controls to the mineralisation and the true thickness of any intersection is not known.

NB: Interval is length downhole and not a true thickness

Mt Nakru (NGG 75%) and Simuku Properties (NGG 90%)

NGG's strategy is to develop both the Simuku (90%) and Mt Nakru (75% NGG) copper/gold/molybdenum prospects through to pre-feasibility within two years. However, since these are base metals properties, NGG believes that the value of these properties is not reflected in the Company's share price and, in conjunction with its advisors, is examining a number of options to create value and fund the required exploration.

Drilling Schedule for Remainder of 2006

An RC and diamond core rig has been purchased for the Sinivit Project, and both should be in operation by early October, also with the objective of defining resources.
The drilling schedule for later in 2006, commencing in late October, anticipates several short drill holes to test the molybdenum potential of the surface molybdenum mineralisation (73m @ 0.17% molybdenum in trench) at the Simuku porphyry copper/gold/molybdenum Project and possibly 5 or 6 holes to test the recently discovered gold in trench (35m at 7.2g/t gold) at the Mt Nakru porphyry copper/gold Project. NGG continues to examine options to enhance the value of these projects for shareholders.
NGG also anticipates drilling several holes at the Weioko Prospect (Sehulea Property NGG 100%) towards the end of the year to ensure compliance with work commitments, using the drill rig presently at Imwauna.


CORPORATE

NGG has agreed to an extension to June 30, 2007 for Vangold Resources to spend a further C$1.26M and issue 200,000 common shares to earn a further 25% in the Feni Islands Project (EL 1021). Vangold presently owns 50% of the project. The Feni Islands lie within the Lihir Corridor, which hosts the world-class porphyry copper-gold deposit at Bougainville and the large gold deposit at Lihir Island (approx. 50 million ounces gold). Fieldwork has resumed at Feni and will target the Dome Prospect which occupies approximately one-third of the now extinct central crater on Ambitle Island, the larger of two islands that comprise the Feni Islands.

NGG has accepted an offer of Kina 7 million (about C$3 million) standby credit facility from Bank of South Pacific, the leading Papua New Guinea based bank, with assets totalling Kina 2.95 billion (C$ 1.3 billion). The line of credit is regarded as "insurance" but could provide required working capital for the Company prior to receipt of cash flow. Final documentation is in progress.

NGG has approximately C$2 million in available cash and would prefer to raise a minimum of C$3 million in further capital to fund the following requirements:

• to provide mine working capital for the Sinivit Gold Mine for the 3 to 4 month period of plant commissioning, filling of vats etc, before receipts from gold sales are received which is expected by January 2007. Due to the processing method there is a 3 month period from when mining commences and when the gold is refined and proceeds received.

• to allow the present exploration program to continue without interruption, and to be expanded by adding a further two drill rigs, until it can be financed from mine cash flow. By October 2006 we expect to have four diamond core drill rigs and one RC drill rig working on NGG's three key gold projects and we would like to purchase two further drill rigs which would then be operational early in 2007.

NGG are requesting warrant holders, in view of the premium between current stock market share price and exercise price of C$0.30, to exercise some or all of their warrants now. If all warrants were exercised it would yield approximately C$10.5 million before costs. If sufficient warrant holders exercise we will not have to consider a further private placement. Exercise of warrants is preferable to the Company and we believe shareholders, as it does not increase the fully diluted capital in NGG whereas a private placement would further increase the fully diluted capital. While management has secured bank bridging finance, this alternative is less desirable due to the substantial interest rate and security terms that are required. We regard this bridging finance as "insurance" and may not draw it down unless we have no alternative.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (152K)

September 14, 2006

PRESS RELEASE

438g/t GOLD & 485 g/t SILVER IN DRILL CORE AT IMWAUNA
PAPUA NEW GUINEA

Vancouver 14 September 2006. New Guinea Gold is pleased to report further high grade gold (and silver) in drill core from the Imwauna Project, Normanby Property, Papua New Guinea. The peak intersection was 0.4m at 438g/t gold and 485g/t silver within a 5.6m long intersection that averaged 36.2g/t gold and 44.6g/t silver. Several other high grade intervals were intersected such as 0.5m at 82.9g/t gold and 146g/t silver, 0.9m at 20.5g/t gold and 19.4g/t silver, 0.25m at 47.6g/t gold and 41g/t silver and 1.75m at 16.7g/t gold and 15.2g/t silver. All results above 0.5g/t gold cut off and drill hole location data are shown on the attached tables.

The Imwauna project is located within the Normanby Property, SE Papua New Guinea. The Company owns 100% of this property.

Bob McNeil CEO of New Guinea Gold stated "the Imwauna drilling continues to yield high and in some cases exceptional gold intersections. The Imwauna project contains defined gold mineralisation scattered over approximately 10 sq kilometers. The project has some key geological similarities to Placer Dome's former Misima Mine (plus 4M ozs gold), and was selected by management for a major evaluation program in 2006 to extend the known mineralisation and to build a substantial resource base. A NI 43-101 resource is expected to be released late in 2006 or early 2007.

Some of the conclusions that can be drawn from the results to date are as follows:

• The Imwauna Vein is not a single vein but is a composite structure, often with several gold bearing veins, "splits" and cross structures over a width of a few metres to 50 metres. This is illustrated by the multiple intersections in most holes, although usually one intersection predominates. Narrow, lower grade intersections often develop into wider, higher grade intersections along strike or with depth and thus all intersections no matter how narrow, may develop into more substantial veins.

• Drilling has now progressed southerly over about 700m of strike length and a previously unknown (before hole IMH067 was completed) major high grade zone is apparently developing over a 100 metre strike length interval between 8886600 North and 8886700 North. This is in addition to other higher grade zones towards the north end of the Imwauna Vein system which were known from earlier exploration. In addition to the holes quoted in this release this zone includes (previously reported): 10m at 18g/t gold and 31g/t silver in hole IMH069; 6m at 68g/t gold and 69g/t silver in hole IMH067 and 6.45m at 20.9g/t gold and 50g/t silver in hole IMH074.

• Intersections near surface in the above zone tend to be narrower and of lower gold grades with wider higher grade intersections developing at depth.

A comparison of holes IMH053, IMH074 and IMH084 below, which are on the same cross section illustrate this increase with depth.

NB: Interval width is a down hole length and not a true thickness

• Much of the vein system to the north and south of this new high grade zone contain good grades as illustrated by holes IMH077, IMH078 and IMH079. We have not yet had the opportunity to test most of the Imwauna system below 80m depth where, based on the results from hole IMH067, we may expect better grades and widths. An illustration of such a possible increase with depth to the north of the new high grade zone is given below where Holes IMH070, IMH071 and IMH084 are all on approximately the same cross section.

NB: Interval width is downhole length and not true thickness

• In conclusion there is little doubt that the Imwauna Vein System is developing into a very attractive target. Subject to available finance we intend to add a second drill to accelerate the assessment of the Imwauna system and we recently purchased a new 14 tonne excavator to assist in defining new drill target opportunities among the many other known gold bearing veins within the overall 10 sq kms Imwauna area".

Core recovery was a significant problem in drill hole IMH082 with an average recovery of 45% across the assay interval. However, 100% core recovery was achieved in the interval 85.30m to 85.70m that assayed 438g/t gold and 485g/t silver. The hole has since been re-drilled with greater than 90% core recovery achieved in the epithermal quartz vein interval based on verbal reports relayed from site.

To illustrate the "make up" of the intersection in IMH082 all assays from this intersection are included in the table below:

NB: Interval width is downhole length and not true thickness.

To attempt to better illustrate the changes in mineralisation along strike and to depth, composite intervals from each hole (all intersections in each hole, above cut off grade, are averaged to give a total intersection length for the combined intersections and an average grade for the combined intersections) will in future be converted to gram metres of gold equivalent (grams gold plus [grams silver, divided by 50] multiplied by total length of intersections in each hole). A section along the length of the Imwauna Vein (long section) is being compiled using gram metres of gold equivalent which will then be contoured to illustrate the changes in gold mineralisation and tenor to depth and along strike.

Check Assaying

In a Press Release dated June 21st 2006, it was noted that check screen fire assays of 22 samples above 10g/t gold showed results, on average, of 92% higher gold content than the original 50g fire assays. Investigation by NGG and the laboratory, ALS Chemex, has not yet resolved this discrepancy. NGG has instigated an ongoing program whereby ALS Chemex have been instructed to either "fire assay to extinction" or "screen fire assay" all samples of greater than 10g/t gold. In addition 13 further core splits from holes IMH067 have been sent to the laboratory for screen fire assay checks and15 core splits from holes IMH074 and IMH077 will be "fire assayed to extinction". The resolution of the actual gold content of the Imwauna core is an ongoing investigation but, to date, all check assaying has given higher results than the original and normal 50g fire assay technique which is the standard assay technique used and reported to date.

All drill core is logged, photographed and split on site with preparation and assaying carried out, using 50g fire assay technique, at accredited laboratory ALS Chemex in Townsville Australia.

NGG is also developing the Sinivit Gold Project in East New Britain Province of Papua New Guinea. A progress report will be issued in the near future.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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.

NEW IMWAUNA DRILL INTERSECTIONS ABOVE 0.5g/t GOLD

NB: Length is downhole length and not true thickness


IMWAUNA DRILL LOCATION DATA

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 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.

Also available as a PDF File (208K)

September 06, 2006

PRESS RELEASE

KAVOLA EAST GOLD ZONE (MT PENCK) TAKES SHAPE

Vancouver 6 September 2006. Drilling is continuing to define the Kavola East gold system within the Mt Penck Project in Papua New Guinea. The latest drilling gave results including: 7m at 2.3g/t gold, 13m at 2.1g/t gold, 5m at 2.5 g/t gold, 3m at 4.3 g/t gold, 2m at 8.4 g/t gold, (including 1 m at 16.2 g/t gold), 6m at 1.9 g/t gold, 2m at 4.5 g/t gold, and 5m at 2.5 g/t gold.

The Mt Penck Project is beneficially owned 60% New Guinea Gold and 40% Vangold Resources.

Composite intervals down hole (which include and average all intersections in a drill hole which could reasonably be expected to be included in an open pit, if such a pit is eventually developed) were:

• in hole 11 between 67m to 76m, 5m at 5.9 g/t gold
• in hole 15 between 5m and 37m, 19m at 1.6 g/t gold
• in hole 18 between 10m and 53m, 26m at 2.3 g/t gold

To evaluate the current progress at Kavola East, refer to the tables of new intersections and previously announced results below. Previous intersections included results such as:

• 10m at 2.0 g/t gold in hole 2
• 5m at 3.2 g/t gold in hole 3
• 6m at 3.7 g/t gold in hole 4
• composite intervals of 10m at 3.9 g/t gold between 154m and 169m downhole in hole 5
• composite intervals of 54m at 2.2 g/t gold between surface and 85m downhole in hole 6
• composite intervals of 30m at 4.2 g/t gold between surface and 70m downhole in hole 7
• composite intervals of 31m at 2.3 g/t gold between surface and 70m downhole in hole 8
• composite intervals of 22m at 2.3 g/t gold between surface and 38m downhole in historic hole DDH7

There is a silver credit at Kavola East but results are erratic. A possibility is that silver is partly leached from the near surface environment. In hole 17 the following significant intersections were noted: 24m to 27m, 3m at 15 g/t silver; 61 to 64, 3m at 18 g/t silver and 70-71, 1m at 24g/t silver. In hole 18 the interval 37-39 contained 28 g/t silver.

All current and previous drill results are shown in the accompanying table. Hole locations and gold soil geochemistry results for the immediate Kavola East area are shown in Figure 1.

New Drill Intersections Above 0.5g/t Gold at Kavola East

*Note: More significant intersections shown in bold

A further 106 core samples have been received at the laboratory from holes 19 and 20 with results expected within three weeks. Several further holes are completed with core to be dispatched to the laboratory in the near future.

CEO of New Guinea Gold Bob McNeil stated: "the Kavola East gold system is developing into a significant gold system within the overall Mt Penck Project with a resource likely to be estimated by year end. Overall it is a relatively low grade system likely to average around 2 to 2.3 g/t gold at an 0.5 g/t gold cut off, however, there is evidence of narrower but higher grade feeder zones which give values up to 30 to 40 g/t gold. As can be seen from the trench results and results from holes 6, 7 and 8 the gold mineralisation is widespread in the near surface zone, commences at surface and any initial exploitation would be relatively low cost. The Kavola East zone is now defined over a length of 200m and is open to the north and the south and at depth.

The controls on the mineralisation at Kavola East appear to be both horizontal and vertical with the mineralised zone narrowing at depth, but still persisting below 100m depth. Low grade mineralisation extends over a width of several hundred metres and within that zone there are numerous, approximately northerly trending zones of greater than 0.5 g/t gold. The main Kavola East zone or "shoot" is only one such "shoot" within this wide zone. In the table, results from previously announced drill holes have been compiled and displayed at a 0.5 g/t cut off. These tables illustrate the numerous, but often narrow gold zones. Results over the entire DDH1 hole were averaged and gave 0.6 g/t gold over 128m (entire hole). This illustrates the widespread nature of the gold mineralisation.

The results from Hole 11 in the present program are significant in that they show excellent results approximately 200m to the east of the Kavola East "shoot" in an area not previously known to contain gold. This new "shoot" will be followed up in the near future.

Further significant "shoots" in the general Kavola East area, in addition to the main "shoot" appear to be illustrated by hole 4 which intersected 6 metres at 3.7g/t gold commencing at surface and hole 3 which intersected 5m at 3.2 g/t gold between 167m and 172m downhole.

The extent of the mineralisation at Kavola East South (large gold in soil anomaly to south of main drilled area on Figure 1) where a trench intersection of 36m at 4.2 g/t gold (including 3m at 27 g/t gold) was reported in a Press Release dated 2nd August 2006, is still uncertain. Geological assessment of the geology of the trench suggests that the trench may be dug in the general strike direction of the gold mineralisation at this location. Hole 12 failed to intersect significant gold, but may have been drilled parallel to the mineralisation in the trench. Further drilling is scheduled in the near future.

The Kavola East zone is thought to be only one of perhaps many similar, smaller or perhaps larger gold systems within the Mt Penck area. Trace arsenic occurs with the gold and is considered to be a "pathfinder" to gold mineralisation in the broader Mt Penck area. The arsenic soil geochemistry is shown in Figure 2. Note that Kavola East is a relatively small part of the area. Reconnaissance has shown widespread gold in rock samples within the area of arsenic geochemistry and I believe other gold zones will be located as exploration moves out from Kavola East. It appears to me that, based on drill results to date, that drilling anywhere at Mt Penck has a reasonable chance of intersecting gold mineralisation".

The core samples were sawed in half on site and the half core bagged in one or two metre sections. Analyses were carried out by accredited laboratory, Intertek Caleb Brett in Jakarta, Indonesia, and by ALS Chemex in Brisbane Australia. Core recovery exceeded 90%. Core logging was carried out on site and all core photographed prior to splitting. Laboratory standards were used for every 10th sample and 10% of the mineralised samples will be checked independently by re-assay for accuracy.

Drill results from the Imwauna Project (Normanby Property) were expected this week but the laboratory has now informed us that they will now not be completed until next week,

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (584K)

September 05, 2006

New Guinea Gold Adds Frankfurt Stock Exchange Listing

Vancouver, September 5, 2006. New Guinea Gold Corporation ("the Company" or "NGG") announced that its common shares have been listed on the Frankfurt Stock Exchange under the code NG8.FSE.

"We are continuing to bring the New Guinea Gold story to the attention of the broader investor community, and the Frankfurt listing is a key part of this strategy." said Bob McNeil, Chairman and CEO. "In support of the listing, I will be attending and presenting at the Stock Day Resources 2006 Conference in Frankfurt being held October 26 thru 28. The Company has a booth reserved for this conference as well as an investor relations booth arranged for the Precious Metals and Commodities Fair in Munich on November 3 and 4."

NGG's Chairman will also be in Vancouver and Toronto in mid-October for a series of investor and broker meetings - details will be available on the Company's web-site - newguineagold.ca.

As well as the Frankfurt Exchange listing, New Guinea Gold's shares now trade on the TSX Venture Exchange (NGG), the Berlin Stock Exchange (NG8), and OTC (NGUGF.PK) in the US.
For further information please contact: Forbes West toll free at (888) 655-5532 forbes@sherbournegroup.ca or New Guinea Gold Corporation, Judith O'Quinn (604) 662-3598 ngg@telus.net

ON BEHALF OF THE BOARD


"Judith O'Quinn"
Corporate Secretary/CFO



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

Also available as a PDF File (104K)

August 24, 2006

PRESS RELEASE

NEW GUINEA GOLD TO PURCHASE FIFTH DRILL RIG

Vancouver, 24^th August 2006. New Guinea Gold (NGG) has agreed to purchase a further diamond core drill rig, including spare parts, rod strings etc. This drill rig is presently operating at the Mt Penck Project under a hire agreement from Frontier Resources Ltd.

NGG will, by the end of September, own and be operating five drills which will be used for resource definition and exploration on its 50% owned Kanon Resources ("Kanon") projects. The equipment has a full contingent of qualified operators to carry out the work. This equipment includes four diamond core rigs and one combined RC/diamond core, track mounted rig.

At present one drill rig is operating at the Imwauna Prospect (Normanby Project) and two drills are operating at the Mt Penck Project (one drill is owned by Kanon and one by NGG). One diamond core drill rig is currently being shipped from Tasmania to the Sinivit Project and the remaining RC/core rig is being shipped from Lae in Papua New Guinea to Sinivit. In early October it is anticipated that NGG/Kanon will have exploration/resource definition drilling in progress at Imwauna, Mt Penck and Mt Sinivit.

The drilling schedule for later in 2006, commencing in late October, anticipates several short drill holes to test the molybdenum potential of the surface molybdenum mineralisation (73m @ 0.17% molybdenum in trench) at the Simuku porphyry copper/gold/molybdenum Project and possibly 5 or 6 holes to test the recently discovered gold in trench (35m at 7.2g/t gold) at the Mt Nakru porphyry copper/gold Project (25% owned by Vangold Resources).

The drill rig for this work will be the second rig presently at Mt Penck, which will be moved from Mt Penck in October.

NGG also anticipates drilling several holes at the Weioko Prospect (Sehulea Property) towards the end of the year to ensure compliance with work commitments, using the drill rig presently at Imwauna.

An update on the development of the Sinivit Gold Project is expected to be issued within two weeks.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (108K)

August 24, 2006

PRESS RELEASE

NEW GUINEA GOLD DRILL RESULTS UPDATE

Vancouver 24^th August 2006. New Guinea Gold (NGG) advises that the following drill core and trench sample assay results are expected to be available and released as follows:

1. Mt Penck Project (60% NGG, 40% Vangold). 383 drill core samples representing approximately 450m of drill hole by the end of next week.
   
   
2. Imwauna Prospect (Normanby Project - 100% NGG). 327 drill core samples representing approximately 400m of drill hole, by the first week of September 2006.

Substantial delays are still being incurred in processing of assays for drill and trench samples. Some results have been received, but are incomplete. The delays being experienced at the laboratory in Townsville Australia are caused by the large numbers of samples from other companies.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (108K)

August 24, 2006

PRESS RELEASE

New Guinea Gold's Joint Venture Partner, Vangold Resources Ltd., has today issued the following release. For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

"J/V AGREEMENT EXTENDED
FIELDWORK TO RESUME AT FENI ISLANDS
TO ESTABLISH DRILL TARGETS FOR UPCOMING DRILL PROGRAM

August 24, 2006- Vancouver, BC - Vangold Resources Ltd. ("Vangold") announces that it's joint venture partner, New Guinea Gold Corporation has agreed to an extension to June 30, 2007 for Vangold to spend a further $1.26M and issue 200,000 common shares to earn a further 25% in the Feni Islands Project (EL 1021). Vangold presently owns 50% of the project.

The Feni Islands lie within the Lihir Corridor, which hosts the world-class porphyry copper-gold deposit at Bougainville and the world's largest gold porphyry, hot spring gold deposit at Lihir Island (approx. 50 million ounces gold). The Feni Islands Project has a total area of 166.6 sq km and includes both Ambitle and Babase Islands that comprise the Feni Islands. The Feni Islands are approximately 40 miles southeast of Lihir Island.

On August 29, 2006, Dr. David Lindley, VP Exploration, PNG and lead geologist for the Feni project, is scheduled to return to the Feni Islands to resume fieldwork. The work will target the Dome Prospect which occupies approximately one-third of the now extinct central crater on Ambitle Island, the larger of two islands that comprise the Feni Islands. This work is based on a data review conducted by Dr. Lindley the results of which were published in Vangold's November 3, 2005 news release.

Further to this review Dr. Lindley reports as follows:

The Dome Prospect is the name applied to a 2.0 to 2.5 km2 area of the central crater that appears to be largely blanketed by a sheet of trachyte lava of variable thickness (10 to 70 m). The lava sheet is believed to mask an area highly prospective for the occurrence of Lihir-style disseminated gold mineralisation. Previous exploration by Vangold and others concludes that certainly some (if not all) of the Dome trachyte is a relatively thin veneer of lava rock overlying an altered and variably mineralised sequence.

Historical work has demonstrated that pannable gold is present in a majority of streams draining the central crater. Clusters of panned samples, one to the north and one to the south of the Dome Prospect, are distinctive in that they contain few visible colours of gold, yet have returned encouraging assay results. This characteristic is thought to be indicative of the presence of very fine-grained gold of the type liberated from Lihir's sulphide ore once it has been weathered and oxidised. These alluvial occurrences of Lihir-type gold are presently being reworked from an ancient drainage network that existed prior to a final 2,300 year ago ash eruption which blanketed the central crater. Indirect geological evidence (detailed stream bedrock mapping etc) points toward the Dome Prospect (and the underlying sequence) as a potential source to this fine-grained alluvial gold.

The presence in the Northern Dome Prospect (adjoining the Dome Prospect) of what, on Lihir Island, is termed anhydrite-sealed rock is another compelling geological parallel between the Feni Island and Lihir Island Groups. These unique rocks comprise large angular blocks of volcanic rock that have been violently broken apart and invaded by anhydrite (calcium sulphate) as a result of rapid unloading and depressurisation following a catastrophic failure of the summit area of the respective stratovolcanoes.
Anhydrite-sealed rocks outcrop in a 0.24 km2 area of the central crater of Ambitle Island and appear to pass beneath the Dome lava.

We are fortunate that structural geological information gleaned from synthetic aperture radar ("SAR") imagery over Ambitle Island may be of considerable assistance in what otherwise takes on the proportions of a "needle in a haystack" search beneath the extensive Dome lava sheet. Study of SAR imagery confirms what has been known for many years that a prominent northeast trending fracture (known as the Kabang Structure) passes diagonally across the central crater and the Dome Prospect. Both the Feni and Lihir Island Groups lie in the same tectonic province (at the edge of the rapidly advancing Pacific Plate). Therefore, by analogy with the Lihir (Ladolam) gold deposits, where a similarly northeast trending fracture (the Minifie Structure) has played a key role in the formation of the high-grade Minifie Orebody, it is possible that the same geological processes have occurred along the Kabang Structure.

The presently planned fieldwork aims to provide an assessment of the Dome lava sheet and adjacent areas in the central crater. This assessment will permit a decision on future drill testing at the Dome Prospect and along the Kabang Structure. Fieldwork will include:

1. Geological mapping of the Kabang Structure and its extensions across the Dome Prospect.
   
   
2. Investigation of the anyhdrite-sealed rocks of the adjoining Northern Dome Prospect. Panned concentrate sampling of streams draining the Dome Prospect margins.

The fieldwork is the preliminary work to establish drill targets for an upcoming drill program which is expected to commence early 2007. The plan, at this time, is to drill two fences of drillholes (4 holes per fence/ an estimated 120m each per hole) in the Dome prospect area. Vangold plans to expend approximately CDN$600,00 on the program.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.

On Behalf of the Board of
VANGOLD RESOURCES LTD.

"Dal Brynelsen"
Dal Brynelsen, President and CEO"

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

Also available as a PDF File (160K)

August 02, 2006

Vancouver 2^nd August 2006. The initial diamond core drill holes at Mt Penck, in the present program, have been successful in defining gold mineralisation to the east of the previously drilled mineralisation at the Kavola East prospect. Best intersections included 23m at 2.3g/t gold, 4m at 4.0g/t gold and 4m at 2.3g/t gold. All intersections are shown below.

Trenching to the south of Kavola East in an area of high soil gold results (previously untested) showed significant gold in the near surface environment and suggests a possible major extension to the south of the Kavola East mineralisation. Best result was 3m at 27g/t gold within 36m at 4.2g/t gold (of 61 three (3) metre long trench samples 24 were greater than 0.5g/t gold).

The Mt Penck property is beneficially owned 60% by New Guinea Gold (NGG) and 40% by Vangold Ltd. The Mt Penck property is one of NGG's three key gold projects (12 projects in total) where gold mine development or mineral resource definition drilling is underway. The other properties are the Sinivit and the Normanby (Imwauna) projects.

The drill assay results from holes MPD 8 through MPD 10 are in the accompanying table (0.5g/t gold cut-off). Of note is that the gold mineralisation commences at surface in hole MPD 8, and the 4m intersections in holes MPD 9 and MPD 10 may represent the same mineralised zone. The intersections would be slightly greater than true width.

Assay Results Summary

The trench results (see Figures 1 and 2 for location) are also very encouraging with two separate intersections (cut off used was 0.5g/t gold) of 36m at 4.17g/t gold and 27m at 1.25g/t gold, separated along trench by a low grade zone of 57m averaging approximately 0.1g/t gold.

The drill and trench locations are shown on the accompanying figures together with contours of gold in soil geochemistry. As can be seen from this plan only a small part of the Mt Penck system has been tested by drilling. The arsenic in soil geochemistry has previously been released.

The soil and arsenic results are regarded as a guide only to gold mineralisation. We note that trenching in some areas where gold geochemistry is low still yielded significant gold in trench samples, thus all the 1.5 sq km area within Figure 1 will require assessment by trenching and drilling.

Drilling is now focused on resource definition within the gold anomalous zone to the south of holes MPD 6 and MPD 8, and within the newly trenched area, with holes being drilled to nominal depths of 100m on 25 to 50m centers. Holes MPD 011 to MPD 17 have been completed with holes MPD 11 through 15 sampled (core sawed in half) and 142 half core samples dispatched for assay. Results should be available within about 3 weeks.

The core samples were sawed in half on site and the half core bagged in one or two metre sections. Sample preparation was carried out by accredited laboratory, Intertek Caleb Brett in their laboratory in Lae, Papua New Guinea, and analyses in their laboratory in Jakarta, Indonesia. Core recovery exceeded 90%. Core logging was carried out on site and all core photographed prior to splitting. Laboratory standards were used for every 10th sample and 10% of the mineralised samples will be checked independently by re-assay for accuracy.

The relationship of mineralisation to structure is still uncertain although there appear to be both sub-horizontal and subvertical controls. Mineralisation is concentrated in NE trending structural zones within the eroded Mt Penck stratovolcano.

The trenches were channel sampled over 2 or 3m lengths within a shallow hand dug trench (1m or less in depth).

Samples were 2 to 4kg in size, sample preparation was carried out in Lae, Papua New Guinea and analyses in Jakarta as per the core samples. The trench samples are regarded as an accurate assessment of the gold in the near surface environment.

Cut-off grade used for both core and trench samples was 0.5g/t gold.

NGG is also in the process of developing the Sinivit Property (see NI 43-101 Report dated 30^th January, 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See Management Discussion dated April 20^th 2006 for an update on NGG and other details on gold production.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (448K)

July 26, 2006

PRESS RELEASE

DEVELOPMENT/EXPLORATION UPDATE

Vancouver 26^th July 2006. New Guinea Gold is pleased to present the following update on mine development at Sinivit and exploration on other properties.

Sinivit Mine Development (92.5% NGG): Sinivit mine development is proceeding satisfactorily with most infrastructure, plant and mining equipment now on site, at the local port of Kokopo, or in transit to Kokopo. HBS Machinery of Lae, Papua New Guinea, have been contracted to supply, operate and maintain all mining equipment, and in addition will operate and maintain the mine crushing facility.

HBS Machinery shipped by barge much of their equipment to Kokopo in early July.

The equipment is now being moved to site and the contractor will shortly commence construction of the maintenance facility. A combined Reverse Circulation/Diamond Core Drill Rig for grade control and blocking out additional resources has been purchased and is expected on site in August. A separate diamond core rig has also been purchased for exploration at Sinivit, in particular to define the extent of the gold/telluride/copper mineralisation at depth and along strike from the initial proposed oxide gold mine. This rig is expected to be shipped from Tasmania to Papua New Guinea in August, and will be in operation by early September.

Mine pre-stripping is expected to commence in September with ore production and loading of vats for gold recovery soon thereafter. In the meantime the HBS Machinery equipment will be used to complete site earthworks, remaining roads and formation of vats.

Normanby Project (100% NGG): Resource definition drilling continues at the Imwauna Prospect on Normanby Island, Papua New Guinea. Drilling towards the southern end of the defined Imwauna structure intersected very high value gold and/or wide intervals of high value gold (all reported earlier) as follows:

These results are particularly significant as surface exposures and a near surface drill hole showed only relatively narrow, lower grade gold values in this area. It appears that a high to very high grade and much wider zone of mineralisation is developing about 20m below surface and increasing in width and gold grade with depth. This part of the system appears to be near the top of the gold mineralisation system and occurs at an elevation of 550m above sea level.

About a kilometer to the north the system outcrops with high grade gold at an elevation of about 350m above sea level. The difference of 200m suggests that the high grade mineralisation in the vicinity of IMAH 67 could extend to a depth of at least 250 m below surface.

Four additional holes have now been sited in this area to test for a depth extension of the 3m at 106g/t gold and for lateral extensions of the overall higher grade/wider zone of mineralisation. Results will not be available for the first holes before late August.

In addition to the drilling a detailed ground survey has been completed to complement resource estimates and mine planning when appropriate.

An excavator will be moved to site in the near future to commence exploration on the other vein systems in the area in addition to the Imwauna system.

Environmental and land use/land ownership studies have commenced in anticipation of a pre-feasibility or scoping study to be completed in early 2007.

An Independent QP, Ralph Stagg of Project Geoscience is presently visiting the site as part of the requirement for completing an NI 43-101 Report, including verifying resources. This report is expected to be completed in the last quarter of 2006.

Further check assaying is in progress by way of screen fire assay to determine if the fire assay method used to date has been underestimating the gold content of the drill core. (i.e. the actual gold content may be higher than reported). The laboratory has requested more drill core samples to conduct further testing and these samples have been despatched from the field to the laboratory. This is an ongoing investigation and in the meantime it appears certain that the original fire assays are either correct, or underestimate the gold content - they do not overestimate the gold content.


Mt. Penck (60% NGG): The Mt Penck evaluation program which has been beset by rain delays since it was re-activated earlier this year is now proceeding at a fast rate. A second drill was recently mobilised to site. After three months, the second drill may have to go to another job. However, the first drill will continue to drill at Mt. Penck until the evaluation program is completed. Vangold beneficially owns 50% of the first drill, and New Guinea Gold Corporation beneficially owns the remaining 50%.

The initial 239 core samples and 61 trench channel samples were received at the assay laboratory on the 27^th June and as at the date of this release all samples had been prepared (crushed/split/pulverised) and assay results are expected in the very near future.

In the current program 8 holes for approximately 1,000m have been completed or are in progress, with initial holes targeting geological concepts. Both drills are now focussing on defining a resource at the Kavola South prospect at Mt Penck, with holes being drilled to 100m depth on a nominal 25 to 50m grid (depending on topography and access).

The delays in this program have been largely weather related with Papua New Guinea experiencing the worst wet season in many years. Although the weather is still un-seasonally wet, drilling is now proceeding satisfactorily.


Mt Nakru (75% NGG): Assessment of data was undertaken and drill targets defined for action in the last quarter of 2006, subject to drill availability.


Fergusson (50% NGG): A geochemical program was completed at Igwageta and an assessment of the results is currently underway. A report should be available in the near future.


Yup River (50% NGG): A broad soil geochemical program will commence in August to attempt to define drill targets at the Dauri Prospect, referred to in earlier press releases.


Bismarck (50% NGG): A geochemical soil program is planned for the last quarter of 2006 to attempt to extend the 300m long gold zone defined earlier this year (see Press Release dated 1st March 2006.


NGG is in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See also Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.

The Company's Directors have approved the issuance of 300,000 Incentive Stock Options to recently appointed VP Exploration, Douglas Hutchison. Other options issued in the same series are: James Farley, Senior Site Executive, 300,000 options; Norman Davidson, Mining Engineer, 150,000 options; Peter Swiridiuk, Geophysicist, 150,000 options; Anson Griffith, Chief Geologist, PNG, 100,000 options. The options were issued under the Company's Stock Option Plan which was approved by the shareholders at the Company's June 21, 2006 Annual General Meeting. The options are exercisable at $0.30 per share for a term of five years from July 25th, 2006.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (148K)

July 20, 2006

PRESS RELEASE

VICE PRESIDENT EXPLORATION & SENIOR SITE EXECUTIVE AT
SINIVIT MINE APPOINTED

Vancouver 20 July 2006. New Guinea Gold Corporation (NGG) has appointed Douglas Hutchison Vice President Exploration, effective 1st August 2006. Mr Hutchison has 30 years mining industry experience, mainly in the SW Pacific including Papua New Guinea. He graduated with an Honours degree in geology from the University of New England, Australia in 1971, and a Masters degree from the Royal School of Mines, University of London, United Kingdom in 1975.

James Farley has joined New Guinea Gold Corporation as Senior Site Executive for the Sinivit Mine in Papua New Guinea. Mr Farley is in charge of completing construction at Sinivit and the subsequent mine. He is a Civil Engineer with 40 years experience in the construction and Mining Industry. Mr Farley was a Structural Engineer/Senior Engineer, employed by a contractor at the Lihir Gold Mine in Papua New Guinea.

We welcome Doug and Jim to the New Guinea Gold team in Papua New Guinea.

Dr David Lindley, previously Vice President Exploration resigned effective 30th June 2006 to pursue his own goals in Papua New Guinea.

NGG is in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (116K)

June 29, 2006

PRESS RELEASE

HOLE IMH 074 AT IMWAUNA INTERSECTS 6.45m at 20.87g/t GOLD & 49.6g/t SILVER

Vancouver, B.C. June 29, 2006. Hole IMH 074 at the Imwauna Prospect, Normanby Property, Papua New Guinea, has intersected further significant widths of high grade gold mineralisation in the general area of the previously reported intersection of Hole IMH 067, (6m at 67.98g/t gold and 68.9g/t silver, including 3m at 106g/t gold).

Hole IMH 074 is located approximately 25m from or mid-way between drill holes IMH 067 (6.0m at 67.98g/t gold) and IMH 069 (10.0m at 18.10g/t gold), but is at a shallower depth than either of the above holes. The results of this hole further confirm the development of a higher grade and wider zone of gold mineralisation in this part of the Imwauna structure. It also suggests that grade and width are increasing with depth and decreasing towards surface in this location. Because of topography, this hole was drilled from the east, and thus the true width of the intersection will be less than the actual drill intersection (approximately 4m). Holes IMH 070 to IMH 073, all positioned to the south of the high grade zone, intersected significant but narrower and lower grade gold. In addition these holes all generally intersected the vein structure at shallower depths.

Drill hole results and other data are shown on the table below:

In addition to the drill results environmental and landowner studies are proceeding as these will be required for a Preliminary Assessment or Feasibility Study to be completed in 2007.

A topographic survey has now been completed with most drill holes accurately located. The survey is necessary for completion of a resource calculation and mine planning studies.

All assays were 50 gram fire assays carried out at accredited laboratory ALS - Chemex in Townsville, Australia. The check assaying referred to in our Press Release of June 21st 2006 is still being reviewed and the laboratory has requested further core samples to complete the review, which will now not be completed for some weeks.


For background on this project see Press Release dated 8th June 2006.

NGG is also in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at Sinivit and other key gold properties, Normanby (Imwauna) and Mt Penck. See Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

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 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.

Also available as a PDF File (144K)

June 21, 2006

PRESS RELEASE

CHECK ASSAYS AT IMWAUNA INCREASE GOLD ASSAYS BY 92%

Vancouver, B.C. June 21, 2006 Twenty-two samples above 10 g/t gold from drill holes IMH059 to IMH 073 were re-assayed (check assays) by Screen Fire Assays at accredited laboratory, ALS Chemex in Townsville, Australia (see also Press Release dated June 8, 2006). Results from 20 of the samples show that 50 gram fire assays understate the gold content of the samples by an average of 92%. Two samples, of which are above 100 g/t gold, are being further re-checked and are not included in the above average.

Complete results with comparisons between the assay techniques will be released next week when the final two results are received.

These results are significant as they suggest that all previous assays above 10 g/t in drill-hole may be understating the gold content and the Company will now re-assay all such assays from previously reported drill holes.

Independent Geologist, Ralph Stagg of Project Geoscience, is now scheduled to visit the Imwauna prospect within the Normanby property in mid-July to provide an independent review of the drill program, sampling and assaying.

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.

For further information contact Forbes West at 888-655-5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604-662-3598 or visit our web site www.newguineagold.ca



ON BEHALF OF THE BOARD
NEW GUINEA GOLD CORPORATION

"Robert D. McNeil"
Chairman & CEO

The TSX Venture Exchange 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.

Also available as a PDF File (60K)

June 20, 2006

SINIVIT GOLD PROJECT DEVELOPMENT UPDATE

Investor Update Conference Call, June 22, 2006 - 8:30am PT/11:30 am ET

Vancouver BC. June 20, 2006. Wayne Johnston, VP Operations, New Guinea Gold Corporation, (NGG:TSX-V) has reported recent significant progress in the construction of the Sinivit gold project. The heavy rains, which had caused delays, eased towards the end of May allowing the full use of all heavy equipment (two bulldozers and two excavators) for the first time this year. Construction of the northern access road and the heavy equipment workshop area is nearing completion. Earthworks were commenced for the vat water diversion channel, processing plant site, cyanide and lime storage areas and the general maintenance workshop. This work is 90% complete.

Jim Farley, an experienced builder and engineer, arrived on site on 9th June to take up his appointment as Site Executive and building construction works will gain additional momentum. The 25 man camp, which is in addition to the existing accommodation, will be completed by the end of July, trusses for the heavy equipment workshop roof are being fabricated in timber from the portable sawmill, and construction of the additional outbuildings for the existing main camp is 80% complete. The front gate, equipment staging area, has been prepared for fencing and building construction.

The mine area has been surveyed, and earthworks for the crushing plant site and Vat construction has commenced. Pre-stripping will start once the survey data has been reviewed.

The crusher screen unit dispatched from Ireland is due to arrive in Lae, PNG, on 30 June having been off-loaded in Honiara, Solomon Islands, along with all other Lae bound cargo, due to congestion in the Lae port. Mobilization of the mining equipment by chartered barge from Lae is now scheduled around delivery of the crusher screen and should take place in the first week of July.

Fabrication of the gold processing plant is now complete and it is being prepared for immediate dispatch from Brisbane. The two 100kw Generators have arrived in Rabaul and preparation for their installation is under way. Fabrication of the drill and blast rig is well advanced and is expected to be completed by mid July.

"We're pleased to report that, with the improving weather in Papua New Guinea, Sinivit is on track for completion in the third quarter," said Bob McNeil, Chairman and CEO. "We look forward to reporting on Sinivit, and our other key projects at the AGM and the presentation/reception in Vancouver on June 21, and the following day in our conference call."

To join the call, dial: 416-695-5259 or 800-769-8320 five minutes before start time, 8:30 am PT/11:30 am ET, Thursday June 22. Replay available to June 29: 416-695-5275 or 888-509-0081 pass code 626260

The AGM is being held at 11:00 am, June 21 at Computershare Trust Company, 3rd Floor Boardroom, 510 Burrard Street, Vancouver, BC V6C 3B9

The Investor Presentation and Reception is being held after the AGM at 1:30 pm at the Crowne Plaza Hotel, (formerly the Georgia Hotel) corner of Georgia & Granville, Vancouver in the Queen Anne Room.



ON BEHALF OF THE BOARD
NEW GUINEA GOLD CORPORATION

"Robert D. McNeil"
Chairman & CEO

The TSX Venture Exchange 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.

Also available as a PDF File (124K)

June 19, 2006

PDF File (196K)

June 08, 2006

PRESS RELEASE
106g/t GOLD OVER 3m INTERVAL AT IMWAUNA

Vancouver 8th June 2006. High grade gold has been intersected in three new drill holes at the Imwauna Project, Normanby Property, Papua New Guinea.

Hole IMH 67 intersected a 6m interval between 120.2 and 126.2m downhole at 67.98g/t gold and 68.9g/t silver, including a higher grade interval of 3m at 106g/t gold.

Hole IMH 68 which is 60m south of IMH 67 intersected 2.4m between 39.8 and 42.2m downhole at 13.68g/t gold and 65.7g/t silver.

Hole IMH 69 which is also 60m south of IMH 67 and approximately 50m below IMH 68 intersected 10m between 99.1 and 109.1m downhole at 18.10g/t gold and 31.4g/t silver including 2.2m at 32.5g/t gold and 49g/t silver.

Drilling is continuing and further results are expected within the next few weeks. The above intersections would be slightly greater than true widths.

The above drill results are outstanding, and appear to indicate the development of high grade gold mineralisation towards the southern end of the Imwauna vein system.

Mineralisation widths also appear to be increasing to the south and to depth. The fact that the mineralised zone has now been intersected at vertical depths of more than 100 metres below surface is also regarded as particularly significant.

As a check on the above assay results the higher grade zones are being re-assayed using the screen fire assay technique. All assays were completed at accredited laboratory ALS - Chemex at Townsville Australia.

Drill hole co-ordinates are shown on the accompanying table which lists details of holes IMH 67,68, and 69.

Summary Assay Results

Background

The Imwauna project is located within the Normanby Property, SE Papua New Guinea. The Company owns 100% of this property. Imwauna is the second of the Company's key gold projects. Management's objective is to define NI 43-101 compliant resources in 2006. Approximately 7000m of drilling have now been completed at the property and most drill holes are diamond core holes.

The Imwauna project contains defined gold mineralisation scattered over approximately 10 sq kilometers, has some key geological similarities to Placer Dome's former Misima Mine (plus 4M ozs gold), and has been selected by management for a major evaluation program in 2006 to extend the known mineralisation and to build a substantial resource base. It is expected that one drill rig will be employed continuously on this project (wholly owned by the Company) throughout 2006.

The project can be summarized as follows:

• Management believes the target is similar to Placer Dome's Misima Mine which was a plus 4M oz system.
• Historical inferred resource, based on initial 15 drill holes only, of 990,000t @ 6.1g/t gold and 12g/t silver for 194,000 oz gold and 382,000 oz silver (see below).
• Drilling to define resources and the potential of the property is in progress and will continue throughout 2006.
• Best drill results before the above results were 3.7m at 94.4g/t gold and 7.2m at 16.5g/t gold, from the northern part of the system.
• Trial mining completed - had an average grade of 14.1g/t gold over a 2.2m mining width.
• Bulk sampling of 38 excavator trenches over 1240m strike length averaged 26.4g/t gold over an average of 1m width in central high grade part of the system with likely average open pit mining width of 4 metres.
• Drilling suggests possible open pit grade of 8g/t gold and underground grade of 15.5g/t gold.

Also available as a PDF File (128K)

May 25, 2006

PRESS RELEASE

Trenching at Mt Nakru Suggests Intermittant Gold Present in Structural Zone in Excess of 1km long by 300m wide

Vancouver 25th May 2006. An assessment of current and previous trenching at the Nakru 1 prospect suggests that a structural zone over 1km in length and 300m in width contains widespread gold above 0.1g/t and sporadic gold above 0.5g/t. This zone, with further exploration, could yield a major bulk mineable gold target. Best trench intervals from the current and previous programs include 95m at 2.9g/t gold (inc. 35m at 7.3g/t gold) and 42m at 2.79g/t gold.

The Mt Nakru copper/gold/molybdenum system in Central New Britain, Papua New Guinea is effectively owned 75% by New Guinea Gold and 25% by Vangold Resources. The Mt. Nakru intrusive complex covers 40 sq kms, much of which is mineralised to a greater or lesser degree. Four prospects have been identified named Nakru 1 to Nakru 4. In addition the Plesyumi porphyry copper system occurs within this license (see update summary press release noted below ).

A full summary of the entire project is available in a complimentary release titled "Update Summary - Mt Nakru Copper/Gold/Molybdenum Project", dated 25th May 2006.

The trench intercepts above 0.5g/t gold are listed below and locations are shown on the accompanying figure.

Nakru 1 Prospect: Highlights of Gold in Trenches

The significance of the present assessment is that it appears to define a major gold target separate from and adjoining the major porphyry copper/gold/molybdenum system, which in turn occurs at greater depths than the gold.

The copper potential of the Mt Nakru property is described in some detail in the complimentary Press Release dated 25th May 2006.

It is anticipated that considerable drilling will be required to define the extent of gold mineralisation at Nakru 1.

The partners are formulating an ongoing exploration program with details available in the near future.



For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

NGG is in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.

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 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.

Also available as a PDF File (284K)

UPDATE SUMMARY - MT NAKRU COPPER/GOLD/MOLYBDENUM PROJECT (PDF File - 412K)

May 25, 2006

PRESS RELEASE

Update Summary -Mt Nakru Copper/Gold/Molybdenum Project

Vancouver 25th May 2006. The description below summarises the Mt Nakru Project and is intended to be complimentary to the Press Release dated 25th May 2006 titled "Trenching at Mt Nakru suggests intermittent gold present in structural zone in excess of 1 km long by 300m wide".

The Mt. Nakru Cu-Au system in central New Britain is a large, acid-intermediate, volcanic-intrusive complex that has potential for breccia-hosted gold deposits and porphyry-style copper-gold deposits. Four separate prospects have been identified with significant copper and gold values found in outcrop, trench or drill samples at each prospect, along with significant silver, molybdenum and zinc grades. The highest metal values found to date include 37.0g/t Au, 19.9% Cu, 498g/t Ag, 260ppm Mo, and 22% Zn in surface grab samples and 2939ppm Mo in a near-surface drill sample. Airborne magnetic data and regional drainage geochemistry indicate the system may be much larger than the area explored to date. Only one of the prospects is at an advanced stage of evaluation with extensive bulldozer trenching and nine drill holes completed. Exploration of the other prospects is at an early stage with limited bulldozer trenching and no drilling. Highlights of the trenching and drilling programs include:

Trench intercepts of (sample intervals):

95m @ 2.88g/t Au, including 35m @ 7.26g/t Au
42m @ 2.7g/t Au
51m @ 2.2g/t Au
25m @ 1.43% Cu
28m @ 0.14% Cu
4m @ 6.6% Cu

Drill intercepts of:

94m @ 0.43% Cu, 0.46g/t Au, including 11.2m @ 0.95% Cu, 2.55g/t Au
205m @ 0.40% Cu, including 74m @ 0.78% Cu, including 21m @ 1.1% Cu
54m @ 0.18g/t Au
5.6m @ 1.9g/t Au, 0.20% Cu
6.5m @ 1.33g/t Au, 0.14% Cu

Regional Setting

The Mt. Nakru property is located within the well-mineralised Kulu-Awit Corridor, which trends west-northwest through central New Britain for a distance of 140km and contains a number of porphyry Cu-Au or epithermal Au systems including Mt Nakru (Cu-Au), Plesyumi (Cu-Au), Kulu (Cu-Au), Simuku (Cu-Au) and Mt Penck (Au). The Cu-Au systems are hosted by late Oligocene, multiphase, intermediate intrusions and the Mt Penck epithermal Au system is hosted by a Pleistocene volcanic complex that may also overlie a porphyry Cu-Au system.

Mt. Nakru is a large extrusive-intrusive complex of acid to intermediate composition covering an area of approximately 40 square kilometres. The complex marks the topographically highest point within the Kulu-Awit corridor and is less dissected than other systems such as Plesyumi, Kulu and Simuku. In a more regional context Nakru is part of a large cluster of mineralised centers and/or geochemical anomalies covering an area of about 20km x 7km, including Plesyumi, Mololo Creek, Lae River Skarn, Mingoe, Mickeyek, Raingnu and Armi. This cluster is located where northeast-trending fractures, visible in satellite and magnetic imagery, intersect the Kulu-Awit corridor.

Four copper-gold prospects have been discovered to date within a 4.5km diameter circular topographic feature, which may represent a caldera-type structure or a zone of up-doming and tensional fracturing above a rising intrusion. The circular structure is intersected by NE and NW-trending lineaments.

Geology and Mineralisation

The Mt Nakru complex forms a broadly elongate, WNW-trending zone with approximate dimensions of 9km x 2-5km. Sulphide-bearing, silicified rock float occurs in all creeks draining the complex indicating the presence of a very large alteration zone.

The rocks consist predominantly of fine to coarse rhyodacitic and dacitic volcanics, mainly tuffs with subordinate interbedded quartz-phyric flows and sills and minor andesitic lavas. Rhyodacitic dykes and post-mineral andesitic/dioritic dykes are also present. The complex is presumed to be of late Oligocene age but the presence of remnant soft tuffs on its upper slopes suggest it may be considerably younger. Pervasive weak sericitic, argillic and chloritic alteration is widespread in the tuffs, which also typically carry 1-2% fine disseminated pyrite. Rhyodacite domes have been tentatively identified.

Extensive areas of the complex are blanketed by post-mineral cover mainly Holocene-age, pumice/ash deposits derived from eruptions in the present-day belt of active volcanoes along the north coast of New Britain. The ash is present on most ridges and upper slopes to depths of between 0.5m and 15m, averaging 1-2m. This extensive post-mineral cover masks much of the underlying geology and has slowed progress in evaluation of the property.

The complex is characterised by a large area, up to 14 square kilometres, of pervasive silica-sericite/clay-pyrite alteration. An elongate generally ESE-trending zone of more intense silicification, up to 4km long (based on the distribution of silicified rock float in creeks) occupies the eastern core of the complex coinciding with the inferred sub-surface intrusive body.

Four Cu-Au+/-(Ag+/-Mo+/-Zn) prospects, named Nakru 1 to 4, have been discovered within an area of 3.5km x 2.0km. Nakru 1, the most advanced prospect, is located at the northwestern end of a sub-surface intrusive body inferred from magnetic data. The inferred intrusive has dimensions of about 2.5km x 1.0km and coincides with a zone of weakly anomalous copper and/or gold in bulk cyanide leach (BLEG) stream sediment samples. This coincident magnetic-geochemical anomaly indicates the Nakru porphyry system may be much larger than the area currently tested. Nakru 2, 3 & 4 represent structurally controlled mineralisation, developed peripheral to the main porphyry system.

Only nine holes have been drilled within this large target area, all located within a small area of 700m x 300m, and much of the system remains unexplored in any detail.


Nakru 1 Prospect:

Nakru 1 is the most advanced of the four prospects and has the best potential to host a large Cu-Au deposit. Deep auger soil sampling, more than 10km of hand and bulldozer trenching and nine drill holes have been completed. Gold and copper mineralisation is hosted within a mixed sequence comprising an upper heterolithic breccia horizon (referred to as the "upper breccia unit") overlying an interbedded sequence of rhyodacitic to andesitic tuffs, agglomerates and flows locally intruded by quartz-phyric rhyodacite and andesitic dykes (referred to as the "volcanic complex"). A small microdiorite intrusion is described at one location and monzo-diorite dykes are described in one drill hole. The upper breccia unit is variously described as diatreme or hydrothermal breccia, ejecta, colluvium, or weathered residium. The presence of heterolithic clasts and alteration/mineralisation in clasts and matrix strongly supports a hydrothermal/diatreme origin, and the unit probably comprises an ejecta blanket of eruption breccia with subordinate colluvial and residual weathered components, sourced from a nearby pipe or vent. Recent trenching by NGG has exposed a flow-banded rhyolite dome with possible dimensions of 500m x 750m that is flanked by a NE-trending breccia zone up to 150m wide. The breccia contains veins of quartz-pyrite+/-chalcopyrite, opaline silica and dog-tooth quartz; the latter up to 2cm wide and trending north-east. Two styles of quartz-sulphide veining have been recognised in the volcanic complex: early, sulphide-poor, thin quartz veins and stockwork; and late, sulphide-rich, thick, sheeted quartz-pyrite veins, characterised by coarse pyrite and presence of chalcopyrite.

Alteration at Nakru 1 consists dominantly of a pervasive intense silica-sericite/clay-pyrite assemblage that appears to grade outward from a silica-dominant core through a sericite/illite dominant zone to an outer halo of weak propylitic alteration.

Two styles of mineralisation have been recognised: (i) breccia-hosted Au-(Cu-Mo) mineralisation within the upper breccia unit, and (ii) bulk tonnage Cu-Au mineralisation in the underlying volcanic complex. Trench intersections indicate grades in the breccia-hosted mineralisation of roughly 0.1-3.0g/t. However gold values in individual breccia clasts of up to 37.0g/t Au have been reported, indicating potential for high grade gold mineralisation at depth within the feeder vent(s). The average grades of mineralised intervals in the underlying volcanic complex are in the range 0.3-0.7% Cu with +0.10g/t Au over significant widths present locally.

Auger soil sampling has outlined an irregular combined gold-copper-molybdenum-arsenic soil anomaly with approximate dimensions of 800m x 200-300m trending NNW. The shape of this anomaly broadly reflects the distribution of ejecta breccia but in detail is highly irregular, possibly indicating some control by northeast-trending structures.


The best gold assay result in soil was 3.5g/t Au and molybdenum values of greater than 30ppm Mo are common. Bulldozer trenching to test the soil anomaly has located numerous intersections carrying significantly anomalous gold including 95m @ 2.88g/t Au (including 35m @ 7.26g/t Au); 42m @ 2.7g/t Au (including 3m @ 16.8g/t Au); and 51m @ 2.2g/t Au. Most of these intersections are in the upper breccia unit. Highlights of the trench sampling are given in the following table. Averaging intersections greater than 1.0g/t Au gives an approximate grade for near-surface gold mineralisation of 2.6g/t Au.

Nakru 1 Prospect: Highlights of Gold in Trenches

Nine holes totalling 1290m have been drilled at Nakru 1, four of which, NAK 001, 002 & 003 and Q74D6, intersected significant mineralisation. Highlights of the drilling results are shown in the table below.

Drill intercepts in mineralised portions of the upper breccia unit are in the range 0.1-2.0g/t Au. The best gold intersection in the underlying volcanic complex is 54m @ 0.18g/t Au in NAK 003. The best copper intersection was 205m @ 0.40% Cu in Q74D6. The highest copper grades occur at depth, below 70m in NAK 001, 60m in NAK 002, 75m in NAK 003 and 57m in Q74D6, and copper averages 0.63% Cu between 93m and 197m in Q74D6. There are numerous narrow, higher-grade intervals of copper, gold and, in NAK 003, silver mineralisation, including 2.9m @ 1.55% Cu & 11.2m @ 2.55g/t Au, 0.95% Cu in NAK 003; 21m @ 1.10% Cu, 10m @ 1.33% Cu, 6m @ 2.0% Cu, & 2m @ 3.90% Cu in Q74D6; and 1.4m @ 1.21% Cu in NAK 002. Silver values of up to 21g/t Ag over 1.9m were intersected in NAK 003.

A combination of soil, trench and drill data defines an elongate, NE-trending target at Nakru 1 with dimensions of 280m x 900m remaining open to the northeast and southwest. The NE-SW elongation suggests a high degree of structural control. In addition to the porphyry Cu-Au potential, this area has the potential to host a small, open-pittable gold deposit and is ready for immediate drill testing.

Nakru 1 Prospect: Drilling Highlights

Nakru 2 Prospect:

At Nakru 2 Prospect, which is located 1.0km west of Nakru 1, soil sampling, hand trenching and bulldozer trenching has been completed. No drill testing has been undertaken. Cu-Au+/-(Mo+/-Zn) mineralisation occurs in a number of relatively narrow zones of structurally controlled silica-clay-pyrite alteration within a sequence of andesitic to rhyodacitic tuffs and breccias, lavas, conglomerate and sandstone. The largest known altered zone has dimensions of about 300m x 20-50m trending northeast. Primary pyrite+/-chalcopyrite is present in breccia matrix, breccia clasts and vugs. Bornite was identified in one thin section and the primary sulphides are commonly coated with secondary chalcocite and covellite indicating supergene enrichment. Veins of chalcedonic quartz and quartz-pyrite-chalcopyrite are present locally. At least two episodes of brecciation have been identified.

Soil sampling has outlined a Cu-Au soil anomaly with rough dimensions of 400m x 200m. Grab sampling of mineralised outcrops has given assay values of up to 19.9% Cu, 22% Zn and 260ppm Mo (separate samples). Channel sampling of bedrock in creeks has returned values of 5m @ 3.5% Cu and 6.6% Zn in semi-massive, pyrite-chalcopyrite-chalcocite mineralisation in a shear zone. Highlights from hand and bulldozer trenching include (values less than 0.1% Cu and 0.5g/t Au not included):

• 25m @ 1.43% Cu
• 4m @ 6.6% Cu
• 28m @ 0.10% Cu, 0.78g/t Au
• 0.8m @ 11.8% Cu
• 23m @ 0.14% Cu
• 25m @ 1.06g/t Au

Nakru 4 Prospect: Wacker Drilling Highlights

Exploration Targets

The combined exploration data for Mt Nakru indicate there are two exploration targets:

1. Small to medium tonnage, breccia-hosted, gold mineralisation in the upper breccia unit and adjacent source breccia pipes or vents.
2. Large tonnage, porphyry-style, copper-gold mineralisation in the underlying volcanic complex.

Nakru 1 Prospect: Cu-Au Target - Examples of Au and Cu Distribution

The irregular distribution of gold and copper in some drill and trench intersections indicates a significant structural control. There is also in general a poor correlation between gold and copper grades in drill assays; some of the narrow, high gold intervals carry high copper but others carry low copper. The combined data suggest that Mt. Nakru may not be a typical porphyry system. A possible model involves early porphyry-style, copper-gold mineralisation overprinted by late, breccia-hosted, gold mineralisation; both styles are at least partly controlled by NE-trending structures.

PLESYUMI Cu-Au SYSTEM

The Plesyumi porphyry Cu-Au system is located within the Mt Nakru tenement 14km WNW of Mt Nakru. Plesyumi was discovered in 1968 and extensively explored, including 21 drill holes, in the early 1970's. The system is hosted by the Metelen Granodiorite, a multiphase intrusive complex of late Oligocene age that is exposed within an erosional window of post-mineral sediments and ash. The complex consists of granodiorite, quartz diorite and minor biotite syenite, intruded by late breccias and intermediate to acid porphyry dykes and stocks. Porphyry-style, Cu-Au mineralisation is closely associated with pervasive quartz-sericite-pyrite alteration overprinting early propylitic alteration of the intrusive complex. Weak potassic alteration characterised by secondary biotite and K feldspar is developed locally. The strongest alteration and mineralisation is centred on zones of more intense fracturing and veining closely related to late, structurally controlled, dacite porphyry dykes. Drilling has identified the local development of a leached cap, and the presence of chalcocite, covellite, cuprite and native copper indicates minor supergene alteration.

At least four centers of mineralisation have been defined within a northeast-trending, elongate zone measuring 4km x 1km. The system has been tested by 21 drill holes totalling 3123m. The best drill intersections was 44m @ 0.85% Cu. Other drill highlights include:

33m @ 0.42% Cu, including 10m @ 0.65% Cu
110m @ 0.31% Cu
152m @ 0.25% Cu
101m @ 0.2% Cu
192m @ 0.15% Cu

The mineralisation is characterised by high pyrite to chalcopyrite ratios of 10:1 and low gold and molybdenum values. Gold grades are generally less than 0.1 g/t Au and the best intersection was 1.5m @ 0.38 g/t Au. The highest molybdenum value was 67ppm Mo.

Although 21 holes have been drilled at Plesyumi, geochemical and geophysical data indicate there are additional targets that remain untested.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

NGG is in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.

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 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.

Also available as a PDF File (412K)

May 23, 2006

Vancouver 23 May 2006. Bob McNeil, CEO & Chairman of New Guinea Gold will be presenting the company to shareholders and investors throughout Europe according to the schedule below:

Mr. McNeil will also present the Company after the AGM on Vancouver on June 21st 2006:

At a Reception to be held at 1:30 pm at the
Crowne Plaza Hotel, Queen Anne Room
(Formerly known as the Hotel Georgia)
801 West Georgia Street, Vancouver V6C 1P7
Refreshments will be served

Any person who may wish to attend these briefings should contact Forbes West at forbes@sherbournegroup.ca or 416-203-2200 or Toll Free: 1-888-655-5532 or Judith O'Quinn at ngg@telus.com or 604-662-3598


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.

Also available as a PDF File (100K)

May 23, 2006

PDF File (340K)

May 18, 2006

NOTICE OF ANNUAL MEETING OF MEMBERS

TAKE NOTICE that the 2006 Annual Meeting (the "Meeting") of the Members of New Guinea Gold Corporation (the "Company") will be held at Computershare Trust Company of Canada, 3rd Floor Boardroom, 510 Burrard Street, Vancouver British Columbia, V6C 3B9 on the 21st day of June 2006 at 11:00 a.m. for the following purposes:

1. To receive the Report of the Directors.
2. To receive the Audited Financial Statements of the Company for the fiscal period ending December 31, 2005, together with the Auditor's Report thereon.
3. To appoint the Auditor for the Company, and to authorize the Directors to fix the remuneration to be paid to the Auditor.
4. To fix the number of Directors at five.
5. To elect Directors for the ensuing year.
6. To authorize the Directors to amend the exercise price of stock options previously granted or to be granted to insiders upon such terms as may be acceptable to the TSX Venture Exchange.
7. To consider, and if thought fit, to approve the Company's Stock Option Plan as more particularly set out in the Information Circular.
8. To consider, and if thought fit, approve an ordinary resolution to amend the Company's articles as more particularly set out in the Information Circular.
9. To transact such other business as may be brought before the Meeting.

A Member entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and vote in his stead. If you are unable to attend the Meeting in person, please read the Notes accompanying the Instrument of Proxy enclosed and then complete and return the Proxy within the time set out in the Notes. As set out in the Notes, the enclosed Instrument of Proxy is solicited by Management, but you may amend it, if you so desire, by striking out the names listed therein and inserting in the space provided the name of the person you wish to represent you at the Meeting.

DATED at Vancouver, British Columbia, this 15th day of May 2006.

May 18, 2006

PDF File (32K)

May 18, 2006

Press Release

FURTHER HIGH GRADE GOLD TO 16.05g/t & SILVER to 91g/t
INTERSECTED in DRILL HOLES at IMWAUNA

Vancouver 18th May 2006. Results for a further four holes of diamond core drilling have now been received for the resource definition drilling at the Imwauna Project within the Normanby Property, Papua New Guinea. A total of 94 holes have now been completed on the project.

Sixteen holes totaling 1,695m have been completed since drilling resumed in March 2006. Results are pending for 12 of these holes and drilling is continuing. Further results are expected to be released on a monthly basis for the remainder of 2006.

The results are as expected in this part of the system, with apparent widths of the main vein varying from 0.85 to 1.80m, gold values from 6.06g/t to 16.05g.t and silver values from 15.7g/t to 91g/t. True widths may be slightly less than the widths quoted above. However, in Hole IMH062 the results are enhanced with the intersection of 3 separate intersections in addition to the main vein with results shown in the table below. These additional intersections are encouraging in that it may be possible to plan a substantially wider open pit in this part of the system and each of the individual intersections (known as splits) may lead to a more substantial mineralisation.

All assays were completed at accredited laboratory ALS-Chemex in Australia.


Background

The Imwauna project is located within the Normanby Property, SE Papua New Guinea. The Company owns 100% of this property. Imwauna is the second of the Company's key gold projects.
Management's objective is to define 43-101 compliant resources in 2006.

The Imwauna project contains defined gold mineralisation scattered over approximately 10 sq kilometers, has some key geological similarities to Placer Dome's former Misima Mine (plus 4M ozs gold), and has been selected by management for a major evaluation program in 2006 to extend the known mineralisation and to build a substantial resource base. It is expected that one drill rig will be employed continuously on this project (wholly owned by the Company) throughout 2006.

94 holes for 6493m have been drilled at this project, with most results available on NGG's web site (all except most recent drill holes yet to be announced).

The project can be summarized as follows:

• Management believes the target is similar to Placer Dome's Misima Mine which was a plus 4M oz system.
• Historical inferred resource, based on initial 15 drill holes, of 990,000t @ 6.1g/t gold and 12g/t silver for 194,000 oz gold and 382,000 0z silver. Investors are cautioned that this historic resource is not 43-101 compliant and as such, should not be relied upon.
• Drilling to define resources and the potential of the property is in progress and will continue throughout 2006.
• Best drill results such as 3.7m @ 94.4g/t gold and 7.2m @ 16.5g/t gold.
• Trial mining completed - had an average grade of 14.1g/t gold over a 2.2m mining width.
• Bulk sampling of 38 excavator trenches over 1240m strike length averaged 26.4g/t gold over an average of 1m width in central high grade part of the system with likely open pit mining width defined as 3 to 4 metres
• Recent drilling suggests possible open pit grade of 8g/t gold and underground grade of 15.5g/t gold.

NGG is in the process of developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition NGG has a comprehensive drilling program in place for 2006 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). See Management Discussion dated April 20th 2006 for an update on NGG and other details on gold production.


for further information contact Forbes West at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.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

Also available as a PDF File (136K)

May 03, 2006

NEWS RELEASE

New Guinea Gold Corrects Disclosure re Sinivit Cash Flow

Vancouver BC, May 3, 2006. In a Press Release dated May 2, 2006, New Guinea Gold Corporation presented cash flow projections in respect of its Sinivit gold project. These projections were made in the absence of a full feasibility study and New Guinea Gold therefore retracts those projections.

The Company also stated that mine construction would be completed early in the third quarter with gold production expected shortly thereafter. The following cautionary statement should have been included in the May 2^nd press release:

"These evaluations are preliminary in nature and are based entirely on indicated mineral resources, which have not been categorized as mineral reserves. There is no assurance that the operating and financial projections in the preliminary assessment will be realized. Mineral resources that are not reserves do not have demonstrated economic viability. Measured and indicated mineral resources are that part of a mineral resource of which quantity and grade can be estimated with a level of confidence sufficient to allow the application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. An inferred mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified."

ON BEHALF OF THE BOARD

R.D.McNeil, 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. For further information, please contact Judith O'Quinn (604) 662-3598 Or Forbes West (866) 655-5532.

Also available as a PDF File (152K)

May 02, 2006

NEW GUINEA GOLD: PROGRESS UPDATE

Vancouver BC, May 2 2006. 2005 was a year of substantial progress for your Company which is widely regarded as the premier junior mineral explorer in Papua New Guinea, We have interests in 10 gold properties and 2 porphyry copper-molybdenum-gold properties. In excess of 60,000 metres of current and historical drilling has been completed on all properties and this drilling has located extensive mineralisation at 11 of the 12 projects. An additional project contains widespread and extensive alluvial gold.

Three gold properties, Sinivit, Normanby, and Mt Penck, are currently regarded as key prospects. Mine development is underway at Sinivit and on the latter two projects we are focusing on defining NI 43-101 compliant resources by year end 2006. The remaining gold properties are all well advanced in terms of exploration and the Company plans to add several more projects to key project status in 2007. The two porphyry copper-molybdenum-gold systems are large areas of mineralisation, each in excess of 8 square kilometers in area as defined by surface geochemistry, trenching and drilling. The Company is presently in discussions with possible partners regarding financing the definition of resources at each of these properties.

The key near term priority is the start-up of mining at the Sinivit gold project. The Sinivit Project is fully permitted (mining lease and environmental permits in place) and mine development has commenced. As a result of continuing severe weather, construction is now expected to be complete early in the third quarter, with gold production soon thereafter. Operating cash cost per ounce of gold produced is estimated at US$120.

Two other projects, Feni and Crater Mountain, are at present being sole funded by Vangold Resources and Celtic/Triple Plate Junction respectively.

The business strategy is as follows:

• Build gold resources over the next three years by employing continuously, four or more drill rigs on key projects.
• Add value to the copper and/or molybdenum project and attract a major partner to develop this project.
• Develop gold production from the Sinivit Project in the third quarter 2006 with full cash flow in the fourth quarter 2006. The cash flow of approximately US$16M (at US$580 gold) in the initial year of production is expected to fund exploration/development from the third quarter of 2006.

• The Company is not a one project Company - it has 12 projects, most with mineralisation already defined by some 60,000 m of drilling.

• Cash flow from third quarter 2006, which in the first year should be of the order of US$16M, will finance ongoing exploration and reduce the need for further capital raisings unless a major mine is to be financed.

• The Company is focused on a single country, Papua New Guinea (PNG), where management has been active for more than 20 years. PNG is known to host very large gold and copper ore-bodies which have been successfully mined for more than 25 years. The Government of PNG is democratic, fully supportive of mining and with strict separation of powers between the political and judicial arms of Government.

• Some of these ore-bodies include Porgera (25M ozs gold - Barrick operator), Lihir ( 45M ozs gold), Misima (5M ozs gold - formerly Placer Dome operator), Tolekuma (2M ozs gold - DRD, now Emperor Mines operator), Kainantu (2M ozs gold - Highlands Pacific). Harmony Gold is presently developing a mine in the Morobe Goldfield at Hidden Valley.

• Management has had a long association with PNG. Bob McNeil CEO was formerly General Manager for Exxon Minerals, based in Lae PNG, in the early/mid 1980's. Many of the Company's projects including the Sinivit Mine were initially discovered by Exxon. These projects were acquired by the Company's "parent company" Macmin Silver in the 1990's. Most other management within PNG has also had a long exposure to that country.

• The Company owns its exploration equipment and runs two diamond core drill rigs, expected to increase to four diamond core rigs and one RC rig by June 2006. In addition the Company owns and operates for exploration four D6 or equivalent dozers and two by 20 tonne excavators.

• The Company has technical, financial and administrative support from "parent company", ASX listed Macmin Silver Ltd. Macmin Silver is developing a silver mine at Texas in SE Queensland, Australia.

• Throughout the late 1990's and early 2000's the Company remained focused on its core business of mineral exploration and development. In 2006, this focus over the last 10 years has begun to "pay off" for shareholders and we are very encouraged by our future prospects.

Also available as a PDF File (112K)

April 18, 2006

PRESS RELEASE
FIRST QUARTER HIGHLIGHTS

Vancouver, April 18, 2006. In the first quarter of 2006, New Guinea Gold (NGG: TSX-V) reached a series of important milestones. These included:

• Announcement of resource estimates and the completion of a Preliminary Assessment for the Sinivit Gold project. Sinivit is scheduled to go into production by mid-year 2006 and to produce 35,000 ounces of gold at an estimated cash cost of US$120 per ounce in its first year.
• Successful completion of a $7 million private placement to fund development and exploration.
• Start of new drilling to define resources at the Imwauna gold project
• Start of new drilling to define resources at the Mount Penck gold project and release of soil sampling data
• Identification of new gold mineralized zone at the Bismark gold project
• PDAC interview with Smartstox analyst Stanlie Hunt (available on the NGG website- wwwnewguineagold.ca)
• Drilling at the Weioko gold project intersected 4m grading 2.69 g/t Au
• Presentation to the Asia Mining Congress in Singapore, Asia's most strategic platform where CEOs from mining companies, regulators, financers and investors congregate to discuss new business opportunities in Asia.
• At Mt Nakru, a new area of gold mineralization has been encountered to the northwest of previously defined copper and gold mineralization. Separate trench intersections included 55m @ 4.79g/t gold including 15m @ 16.01g/t gold, and 15m @ 1.86g/t gold.
• An Independent NI 43-101 Report on the Simuku porphyry copper/molybdenum/gold property in Papua New Guinea has been completed and filed on Sedar. The report defines drill targets and recommends an interim exploration program (mainly drilling) to evaluate the potential of the property. Copper, molybdenum and gold mineralization are discontinuously present over an area of at least 5km by 2.2km.

Also available as a PDF File (160K)

April 05, 2006

Vancouver, April 5, 2006 An Independent NI 43-101 Report on the Simuku porphyry copper/molybdenum/gold property in Papua New Guinea has been completed and lodged on Sedar and the Company's web site at www.newguineagold.ca . The report defines drill targets and recommends an interim exploration program (mainly drilling) to evaluate the potential of the property.

More than 20 kilometres of bulldozer/excavator trenching and 12 drill holes have been completed at the Simuku property. Satellite imagery over the Simuku mineralised system shows an apparent large circular feature which could represent a volcanic rim suggesting a caldera or eroded strata-volcano. The Mt Misile target area may represent the core of the larger Simuku porphyry (2km diameter) with a potassic core and halo of magnetic destruction. Alternatively the Simuku system may be a product of multiple intrusives.

Copper, molybdenum and gold mineralisation are discontinuously present over an area of at least 5km by 2.2km.

At Simuku many significant copper, molybdenum and gold trench and drill hole intersections have been defined and these are shown on the accompanying plans and tables. The copper intersections need to be evaluated with caution as drilling evidence suggests substantial depletion of copper at surface in some areas. Copper has been leached and taken into solution, reducing the original or actual copper values at surface. Drilling suggests that trench intersections of 0.1% copper could in certain areas represent much higher copper values in the subsurface.

The best drill hole intersections from historical drilling were:

• 41m @ 0.64% copper
• 63m @ 0.52% copper
• 36m @ 0.70% copper
• 150m@ 0.35% copper

Some of the better trench results from the current and historic trenching were:

• 73m @ 0.17% molybdenum
• 6 m @ 0.34% molybdenum
• 70m @ 0.4% copper
• 14m @ 1.03% copper
• 27m @ 0.76% copper
• 15m @ 0.58g/t gold
• 24m @ 0.5g/t gold

Significant Drill Intersections (cut-off 0.1% Cu)
(Modified from Christopher, 2002)
MINERALIZED INTERSECTION ASSAY RESULTS