New Guinea Gold Corporation


	Link to Investor Presentations
2007
380 Ounces Gold Dore Poured Early December - Press Release	13 December, 2007
New Guinea Gold Strengthens PNG Management - Press Release	3 December, 2007
Management Discussion & Analysis - Three Months Ended 30/9/2007	3 December, 2007
Consolidated Interim Financial Statements - Nine Months Ended 30/9/2007	3 December, 2007
Commercial Gold Production at Sinivit and Imwauna System Extended - Press Release	29 November, 2007
Weioko Drilling Intersects 1.6m at 14.15g/t Gold and 7.3m at 2.46 g/t Gold - Press Release	29 October, 2007
New Guinea Gold Transfers Two Copper Projects to Coppermoly Ltd - Press Release	26 October, 2007
2,500,000 Unit Private Placement Closes - Press Release	15 October, 2007
Non-Brokered Private Placement - News Release	26 September, 2007
Sinivit Drilling Continues to Define Near Surface High Grade Gold to 90g/t	17 September, 2007
20% Increase in Gold Content of Sinivit Gold Dore as Confirmed by Assay	14 September, 2007
Pacific Kanon Gold Corp. Files Preliminary Prospectus	10 September, 2007
Sinivit Mine Update, Moving to Commercial Scale Production	7 September, 2007
Imwauna Drilling Continues to Intersect High Grade Gold to 87.5g/t over Narrow Intervals	15 August, 2007
Sinivit Drilling Records Gold Results	13 August, 2007
First Gold Pour at Sinivit	7 July, 2007
New Guinea Gold - AGM Conference Call	18 June, 2007
Fundamental Research Issues Update on New Guinea Gold - Press Release	14 June, 2007
NGG to Visit Seven Cities During European Roadshow - News Release	6 June, 2007
First Gold Pour at Sinivit Delayed Several Weeks - Press Release	5 June, 2007
Invitation to Attend Annual General Meeting	18 May, 2007
Imwauna Drilling Intersects Grades to 21.3g/t Gold & 61g/t Silver - Press Release	15 May, 2007
Drilling at Sinivit 8m at 28.42g/t gold & 12m at 8.43g/t gold / First Gold Pour Expected Later this Month - Press Release	14 May, 2007
New Guinea Gold Announces Start of Processing at Sinivit	30 April, 2007
New Guinea Gold Closes Second Tranche of its 12 Million Unit Private Placement	19 April, 2007
Drilling Sinivit 18m at 22.60g/t gold, 12m at 25.66g/t gold and 19m at 19.02g/t gold - Production in April	5 April, 2007
Imwauna Drilling Intersects Grades to 44.5g/t gold & 86g/t silver over 1.4m - Press Release	26 March, 2007
New Guinea Gold Closes First Tranche of its 12 Million Unit Private Placement	23 March, 2007
Development / Exploration Update - Press Release	26 February, 2007
Private Placement Increased to 12 Million Units for up to $5,040,000 - News Release	22 Feburary, 2007
3m at 180g/t GOLD (6 ozs) within 24m at 33.7g/t Gold in Trench at Mt Penck - News Release	21 February, 2007
New Guinea Gold Signs Engagement Agreement to Raise up to $3,360,000 by way of Private Placement - Press Relase	19 February, 2007
13m at 13.5g/t Gold & 13.8m at 10.74g/t Gold (high of 1m at 90.2g/t Gold) in Trench at Sinivit - News Release	15 February, 2007
Significant Bedrock Gold Mineralisation Discovered withing a Large Gold Soil Anomaly at Yup River - Press Release	12 February, 2007
High Grade Molybdenum - 7m at 0.6% Molybdenum - In Drill Hole at Simuku - News Release	6 February, 2007
J/V Agreement Extended / Drill program to Commence at Feni Islands - News Release	5 February, 2007
7m at 2.95g/t Gold in Hole MPD033 at Mt Penck - Press Release	19 January, 2007
Three Drill Holes Completed at Mt Nakru to Test Near-Surface Gold Mineralisation - Press Release	3 January, 2007
Mt Penck Drill Results - Press Release	2 January, 2007

Sinivit - 380 Ounces Gold Dore Poured Early December - 13 December, 2007

Vancouver – 13th December, 2007. New Guinea Gold Corporation (“NGG” or the “Company”) advises that the first commercial gold pour was completed in the first week of December. 380 ozs of gold dore was poured and based on assays of previous pours, this dore is expected to contain approximately 300 ozs gold.

Vat 1 continues to leach efficiently but process optimization is expected to continue in to the first quarter of 2008. A further four carbon columns should be loaded by the end of December (and contain approximately 400 ozs of dore) and will be stripped in early January.

Leaching is approximately 2 to 3 weeks behind schedule due to staff shortages and disruption caused by the death of Mine Manager Jim Farley (see Press Release dated 3rd December for his replacement).

Leaching was initially run on a 12 hour/day basis, but this has now moved to a 24 hour/day operation which will increase the rate of gold leaching from the Vat. In our release of 29th November 2007 it was predicted that 500-700ozs would be available by early December – this will now be achieved at the end of December with the additional gold poured in early January.

Vat 2 is now expected to commence leaching in January. At that stage approximately 30,000 tonnes of gold mineralisation will be leaching (as against 6,000 at present) which should result in a major increase in gold poured in February 2008. To achieve the projected gold production rate of 3,000ozs/month it is estimated that approximately 40,000 tonnes of mineralisation will need to be undergoing leaching. This is projected to be achieved in March 2008. The above projections are subject to normal weather conditions at site – significant rain above normal rainfall could delay Vat construction.

Because of the nature of the topography, vats will increase in size after Vat 3 is completed as further vats will ultimately be built over Vat 1 and Vat 2. These Vats will be larger due to a widening of the valley above Vat 1 and Vat 2, as elevation is increased.

Actual onsite costs at the Sinivit Mine in October, excluding executive management based in Australia, were PNG Kina 1.22 million or approximately US$450,000. Preliminary November costs suggest these costs will be similar to October costs. Administrative costs attributable to Sinivit incurred in the Australian and Vancouver Offices are estimated to add 10% to the above total. These costs are estimated to remain stable for January and could increase by approximately 10% when production of 3,000 ozs/month is achieved.

Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. 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.

Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca .
The company's Vancouver office will be closed for the Christmas/New Year holiday break from Dec. 22, 2007, to Jan. 2, 2008. The Papua New Guinea mining and production operations will also be shut down from Dec. 22, 2007, to Jan. 8, 2008.

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.

New Guinea Gold Strengthens PNG Management - 3 December, 2007

PDF File (34k)

Vancouver - December 3, 2007. New Guinea Gold Corporation (the “Company”) announces the following senior management appointments to strengthen its Papua New Guinea organisation.

Mr Wayne Johnston, formerly VP Operations has accepted the position of Chief Operating Officer responsible for all aspects of the Company’s PNG operations. Wayne has a successful PNG business and mining/exploration services background, having worked and lived in PNG for more than 30 years. He has a strong administrative background, was formerly part owner of an assay laboratory in PNG, and worked for Kennecott in Indonesia and PNG.
Mr Eric Namaliu has been appointed Mine Manager for the Sinivit Gold Mine. Eric has a degree in Civil Engineering from PNG Unitech, a degree in Engineering Geology from the University of New South Wales (Australia), and a Diploma in Mining and Mineral Engineering, also from the University of New South Wales. He is a certified Mine Manager.
Eric held positions with Bougainville Copper from 1979 to 1989 and with Ok Tedi Mining from 1991 to 2006. At Ok Tedi he held positions of Senior Geotechnical Engineer, Mine Pit Superintendent, Mine Operations Manager and Registered Mine Manager.
Eric is responsible for all aspects of the Sinivit Mine and will report to the Chief Operating Officer.
Eric replaces Jim Farley, formerly Mine Manager, who passed away on November 23rd, 2007.

Mr Jack Drzymulski has been appointed VP Exploration. Jack is a results orientated geologist, with over 18 years experience, and provides NGG with first class resource evaluation and production optimization experience. Expertise includes the development of “best practice” geological systems, procedures and personnel, safety protocols, accurate reconciliations and cost effective predictions of metal production.
Jack, before joining NGG in 2006, was Manager – Geology for Highlands Kainantu Ltd and held senior positions in Western Australia with Tectonic Resources and Harmony Gold.
Jack has a BSc in Applied Science (Geology) and is a Master of Engineering Science in Mining Industry Management.
Jack will report to the Chief Operating officer in Administrative matters and to the CEO on technical matters.

Mr Doug Hutchison, is leaving the position of Vice President Exploration for the Company to become Chief Operating Officer for associate companies Pacific Kanon Gold Corporation and Coppermoly Ltd. Doug remains part of the overall group.
Dr Salam Malagun has accepted the position of Exploration Manager and Project Manager, Imwauna Project for NGG. Salam has been a Supervisory Geologist for NGG since 2004, has 25 years post graduate experience and has worked on many of PNG’s major mineral deposits. Salam is highly qualified, with a B.Sc. Honours (Geology) from the University of PNG, M.Sc. from James Cook University, Australia, Diploma in Geothermal Energy Technology, Auckland University, New Zealand, and a PhD. in applied Geology from Auckland University, New Zealand.
Salam will report to the VP Exploration except for certain corporate matters when he will report to the Chief Operating Officer.

“I welcome these talented individuals to their new roles in New Guinea Gold, thank them for their past support and wish them well for the future”, said Bob McNeil, Chairman and CEO.

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”
CEO / CHAIRMAN

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.

Management Discussion & Analysis - Three Months Ended 30/9/2007 - 3 December, 2007

PDF File (143k)

Introduction

The following Management Discussion and Analysis of the Company’s financial position is for the three month period ended September 30, 2007 compared to September 30, 2006. This discussion should be read in conjunction with the attached interim financial statements and related “Notes to the Consolidated Financial Statements” which have been prepared in accordance with Canadian Generally Accepted Accounting Principles (GAAP) and with the audited financial statements and related “Notes to the Consolidated Financial Statements”.

This discussion includes certain statements that may be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing and general economic, market or business conditions.

All amounts are stated in Canadian dollars unless indicated otherwise. Additional information regarding the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.newguineagold.ca.

The information is current to November 10th, 2007, unless otherwise indicated, and the Company’s auditor has not reviewed the financial statements.

The Business and Development Strategy and Corporate Structuring remain essentially the same as outlined in the Management Discussion and Analysis for the year ended December 31st 2006. Please download PDF to view full report.

Consolidated Financial Statements - Nine Months Ended 30/9/2007 - 3 December, 2007

PDF File (81k)

Prepared by Management

In accordance with National Instrument 51-102 released by the Canadian Securities Administrators the Company discloses that its external auditors have not reviewed the unaudited financial statements for the period ended September 30, 2007 in accordance with Section 7050 of the CICA Handbook. Please download PDF to view financial statements.

Commercial Gold Production at Sinivit and Imwauna System Extended - 29 November, 2007

PDF File (33k)

Vancouver – November 29, 2007. New Guinea Gold Corporation ("NGG" or the "Company") advises that the first gold sales were realized during the third quarter 2007 from the plant commissioning process at the Sinivit Mine. Commercial production has now commenced.

Drill intersections at the Imwauna Project (Normanby Property) extended the known length of the vein system by 300m to the north.

Corporate restructuring is well advanced with the release of a prospectus for Coppermoly Ltd (Simuku and Mt Nakru properties) with the Australian Stock Exchange. The filing of a draft prospectus for Pacific Kanon Gold Corp. (“PKG”) including NI 43-101 reports for the PKG properties has been lodged with the TSX Venture Exchange and BCSC respectively.

SINIVIT MINE (92% NGG)

The first gold sales were realized during the third quarter during plant commissioning from Vats 1A and 1C. These were small vats constructed specifically for commissioning. Approximately 130 ozs were produced and sold.

Commercial production has commenced and the first commercial vat, Vat 1, is filled with ore and leaching is in progress. Leaching is proceeding well with two carbon columns loaded and solution grades into the columns of the order of 10g/t gold. More than 1,000 ozs gold is expected to be leached from this vat over the next two months, with 500-700 ozs available by early December. The second commercial vat, Vat 2 will contain approximately 21,000 tonnes of ore, and leaching should commence in the near future. Vat 3 is under construction and should be completed in January. Average monthly production will gradually increase to 3,000ozs/month. Further details are available in NGG’s Management Discussion & Analysis for the period to September 30th, 2007 and for a detailed description of the Sinivit. Gold Project refer to the Independent NI 43-101 report dated January 30th 2006, filed on Sedar and on the company’s web site at www.newguineagold.ca

Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. 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.

Exploration with two company owned drill rigs is proceeding at Sinivit to convert existing inferred resources to a higher category and to define additional resources at depth and along strike.

IMWAUNA PROJECT (Normanby Property – 100% NGG)

Drilling, using two company owned diamond core rigs has continued at Imwauna with 120 holes now completed.

Holes IMH102 to IMH104 were drilled approximately 300 metres north of all previous drill holes and have confirmed that the Imwauna structure extends at least to this location. Although the intersections were relatively narrow, the results are encouraging.

Bob McNeil CEO/Chairman commented: “As the Imwauna system has shown, by earlier drilling, to be very variable in grade and thickness, there is a good chance that significant high grade shoots, such as the southern Imwauna high grade zone, will be defined in this section. Drilling is continuing. Deeper holes are also planned to test the depth extension of the previously reported high gold intersection of 5.6m at 36.2g/t gold, including 0.4m at 438g/t gold in the southern part of the Imwauna System.”

Hole No	From (m)	To (m)	Length	Gold (g/t)
IMH102 IMH103 IMH104	15.0 30.2 6.1	16.7 30.5 8.1	1.7 0.3 2.0	23.3 16.0 2.77

True widths are uncertain but approximately 70% to 90% of the drill hole length

Results for holes IMH105 to IMH120 are pending.

Drill Hole Location Data

Hole No

Co-Ordinates

Azimuth
(degrees)

Dip
(degrees)

Final Depth
(m)

Northing
(m)

Easting
(m)

IMH102
IMH103
IMH104

8887756
8887744
8887660

289405
289425
289401

280
280
280

1.7
0.3
2.0

90.1
94.8
96.1

Approximately 85% of the potentially mineralised area at Imwauna, based on geochemistry surveys and surface trenching, remains to be tested by drilling.

All drill holes are diamond core holes. Samples are half core, cut on site and then dispatched to accredited laboratory ALS – Chemex in Townsville, Australia for preparation and assay.

CORPORATE RESTRUCTURE
The Corporate restructure referred to in previous press releases is proceeding. This restructuring is to include financing of the six Kanon Resources Ltd. projects , owned with JV Partner Vangold Resources Ltd. The Kanon properties are to be listed on the TXS Venture Exchange as Pacific Kanon Gold.

The Company’s two copper-gold-molybdenum properties, Mt Nakru - 75% NGG, 25% Vangold, and Simuku - 90% NGG, 10% W.S. Yeaman, will be listed in Australia as Coppermoly Ltd. NGG would retain a major equity in each new public company after a prospectus financing or IPO.

The reason that the Company favors this form of financing is that under the Company’s present financial arrangements the properties in question cannot meet their full potential. Each property has substantial gold and/or copper-molybdenum defined in drill hole and trench and increased exploration expenditure may define a major resource or resources. An IPO allows the Company and/or its shareholders to substantially increase the rate of exploration, realize the potential of the properties, and increase shareholder value.
A prospectus has already issued in Australia for the Coppermoly IPO and that company is expected to list on the ASX on December 19th, 2007.
A draft prospectus for the Pacific Kanon Gold IPO and relevant NI 43-101 reports have been lodged with the TSX Venture Exchange and the BCSC respectively. Discussion of comments by the regulatory authorities is underway and the shareholders will be informed when these are finalized.

Additional detail is available in the Management Discussion & Analysis as filed on Sedar on 29th November 2007.

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, 47 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 contactForbes 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”
CEO / CHAIRMAN

Weioko Drilling Intersects 1.6m at 14.15g/t Gold and 7.3m at 2.46g/t Gold - 29 October, 2007

PDF File (60k)

Vancouver - October 29, 2007. New Guinea Gold Corporation (the Company) reports that of seven drill holes completed to test possible extensions to the Weioko prospect, Sehulea Property, Papua New Guinea, six holes intersected gold intervals above 0.5g/t gold. The best results are shown below and all results above 0.5g/t gold are given in the accompanying table.

Hole	Intersection		Interval	Gold	Silver
No	From (m)	To (m)	(m)	g/t	g/t
WEH039 (including)	5.7	13.0	7.3 1.3	2.46 7.49	7
WEH041	27.0 34.6 44.9	28.6 35.6 44.9	1.6 1.0 12.4	14.15 5.96 1.40	44 10 12
WEH042	91.9	93.6	1.7	3.34	2
WEHO43	17.1 27.0	20.4 30.0	3.3 3.0	3.35 1.17	2 4

Bob McNeil, CEO and Chairman commented: “these seven holes were drilled to extend our knowledge of the disseminated gold/silver Weioko system with holes drilled peripheral to previous drill holes and to test above a geophysical Induced Polarization (IP) anomaly approximately 500m north and 200m east of the previously drilled Weioko gold mineralisation. The Weioko prospect is part of a five square km area with extensive and numerous soil gold and arsenic geochemical anomalies and several IP anomalies. The present results are certainly encouraging as they continue to expand our knowledge of this large disseminated and vein gold system, however comprehensive drill testing to define an NI 43-101 resource is unlikely to commence until later in 2008 as cash flow funds become available from the Sinivit Mine.”

Background

The Weioko gold project is a key Company gold project, is part of the Sehulea Property (NGG – 100%) which is situated on Normanby Island in Milne Bay Province and adjoins the Normanby Property which contains the Imwauna Project. For details of all drill results, geology etc refer to the NI 43-101 report at www.newguineagold.ca . To date 29 Reverse Circulation holes and 23 Diamond Core holes have defined extensive gold mineralisation to depths of up to 100m over an area of 400m by 200m. No current NI 43-101 resource has been estimated but such a resource may be available late in 2008.

The key points which make this property attractive are:

Disseminated and vein style mineralisation known from drill holes, trenching, geochemical and geophysical surveys over an area of 5 sq kms.
Drill results such as 28m at 2.1g/t gold, 14m at 4.56g/t gold, 21m at 3.6g/t gold, 1.6m at 14.2g/t gold.
Diamond saw cut sampled trench results such as 164m at 4.0g/t gold and 16m at 20.3g/t gold.
Excellent access near coast, airstrip at Sehulea and near the key Company gold project at Imwauna.

DRILL INTERSECTIONS ABOVE 0.5g/t GOLD

Hole

Intersection

Interval

Gold

(g/t)

Silver

(g/t)

From

WEH036

No results above 0.5g/t gold

WEH037

9.2

37.7

9.4

37.8

0.2

0.1

0.82

1.27

WEH038

4.4

17.1

27.0

9.0

20.4

30.0

4.6

3.3

3.0

0.79

3.35

1.17

WEH039

5.7

20.5

13.0

22.0

7.3

1.5

2.46

0.50

WEH040

38.5

43.0

4.5

0.62

WEH041

27.0

31.5

34.6

44.9

63.3

28.6

32.5

35.6

57.3

66.5

1.6

2.0

1.0

12.4

3.2

14.15

0.53

5.96

1.40

0.67

WEH042

11.16

20.9

28.8

37.6

91.9

97.7

12.2

22.2

30.8

49.7

93.6

102.5

0.6

1.3

2.0

12.0

1.7

4.8

0.95

0.58

0.6

0.85

3.34

0.52

DRILL HOLE LOCATION DATA

Hole

Northing

(m)

Easting

(m)

R.L.

(m)

E.O.H

(m)

Azimuth

(mag)

Dip

(degrees)

WEH036

WEH037

WEH038

WEH039

WEH040

WEH041

WEH042

WEH043

8894930

8894846

8895374

8895359

8895344

8895275

8895272

8895268

297784

297808

297620

297565

297644

297646

297645

56.5

60.2

58.7

100.7

69.2

61.5

100.6

150.2

160.7

150.1

160.6

302

122

302

122

-60

-50

-60

-90

-50

Updates on the Sinivit and Imwauna Projects are expected to be issued in the near future.

Samples are generally 1m long or sampled on a geological basis, one half core cut on site with sample preparation and assaying completed at accredited laboratory ALS – Chemex in Townsville Australia.

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, 47 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 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 of
NEW GUINEA GOLD CORPORATION

“Robert D. McNeil”
Chairman, 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 the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company.

New Guinea Gold Transfers Two Copper Projects to Coppermoly Ltd - 26 October, 2007

PDF File (28k)

Vancouver - October 26, 2007. New Guinea Gold Corporation (the “Company”) is pleased to report that, in keeping with its stated objectives to focus on gold production and exploration, specifically Sinivit in East New Britain, and the Normanby and Sehulea properties on Normanby Island, that the Company has transferred two copper properties (Simuku and Mt Nakru) to a newly formed Australian Company known as Coppermoly Ltd, (“Coppermoly”). Coppermoly is undertaking an Initial Public Offering in Australia and has lodged a prospectus with ASIC, the Australian regulatory authority, and is expected to list on the Australian Stock Exchange (see www.asx.com.au) at the end of this year.

The IPO for Coppermoly Ltd is sponsored by Australian Brokers, Novus Capital and South Pacific Securities and London broker VSA Capital. This prospectus has been issued for the purposes of offering up to 80,000,000 shares at AUD$0.25 each and to raise up to AUD $20 million before costs.

Company Chairman and CEO Robert McNeil who has joined the Coppermoly Board as non-executive Chairman commented: “this is a step in the Company’s ongoing strategy to develop its extensive inventory of mining properties in PNG without the necessity of shareholder dilution to the Company while, at the same time, maintaining the Company’s primary focus on its gold production and gold assets, and securing shareholder and Company exposure to potential upside value as a result of further exploration efforts on these properties”.

The Company has been issued 29,473,683 shares in Coppermoly and has a further indirect interest in 10,526,316 shares issued to Pacific Kanon Gold Corporation, giving it an effective, approximate, 27% interest in Coppermoly after the IPO.

As stated above, the Simuku and Mt Nakru copper/molybdenum properties have been divested to Coppermoly (www.coppermoly.com.au) to allow the Company to focus on development of its gold assets. The divested properties have merit as copper/molybdenum prospects and are ultimately expected to contribute to the Company’s balance sheet through its shareholding in Coppermoly.

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 of
NEW GUINEA GOLD CORPORATION

“Robert D. McNeil”
Chairman, CEO

2,500,000 Unit Private Placement Closes - 15 October, 2007

PDF File (20k)

Vancouver - October 15, 2007 New Guinea Gold reported today that it had closed on a previously announced (September 26, 2007) Private Placement of 2,500,000 units at a price of $0.50 per unit to raise gross proceeds of $1,250,000. Each unit consisted of one share and one-half share purchase warrant. One whole warrant entitles the holder to acquire one additional common share at an exercise price of $0.65 for a period of two years from the closing. The warrants expire October 11, 2009. All securities issued in the Private Placement are subject to resale restrictions expiring on February 12, 2008.

The Company paid a finders fee to Bolder Investment Partners, Ltd. consisting of 7% in cash ($87,500) and 7% in finders warrants (175,000 finders warrants) with each warrant having the same terms as those in the Private Placement.

The entire placement was subscribed for by Sprott Asset Management Inc. on behalf of its various funds.

The proceeds of the placement will be used for advancement of the Sinivit Mine in Papua New Guinea and for working capital. For further information please contact Forbes West at 888-655-5532, forbes@sherbournegroup.ca or Judith O’Quinn @ 604-662-3598, ngg@telus.net.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release.

ON BEHALF OF THE BOARD

“Judith O’Quinn”
CFO/ Corporate Secretary

top

Non-Brokered Private Placement - 26 September, 2007

PDF File (228k)

September 26, 2007 - Vancouver, BC – New Guinea Gold Corporation ("NGG"). ("NGG" or the "Company") wishes to announce a non-brokered private placement on the following terms:

The non-brokered private placement will consist of 2,500,000 units (the “Units”) at a price of $0.50 per Unit. Each Unit will consist of one

common share (a “Share”) and one-half non-transferable, common share purchase warrant (a “Warrant”). One whole Warrant will entitle the

holder to acquire one additional common share at a price of $0.65 for a period of two years from the date of closing.

A finder’s fee will be paid to Bolder Investment Partners Ltd. (“Bolder”) consisting of the following:

A cash commission of 7% of the gross proceeds of the Offering; and the issuance to Bolder on completion of the Offering of share

purchase warrants (“Compensation Warrants”) equal to 7% of the number of Units sold pursuant to the Offering. Each Compensation

Warrant will be exercisable to acquire one common share of the Company for a period of two years from the date of closing at a price of

$0.65 per share.

Proceeds of the placement will be used to accelerate mine development at Sinivit and general corporate purposes and is subject to regulatory approvals.

For Futher information please contact Judith O’Quinn at 604-662-3598, e-mail: ngg@telus.net or

Forbes West (toll free) 1-888-655-5532, e-mail : forbes@sherbournegroup.ca .

On behalf of the Board of
NEW GUINEA GOLD CORPORATION

“Judith O'Quinn”
CFO/Corporate Secretary

top

Sinivi Drilling Continues to Define Near Surface High Grade Gold to 90g/t - 17 September, 2007

PDF File (44k)

September 17, 2007 - Vancouver, BC – New Guinea Gold Corporation ("NGG"). ("NGG" or the "Company") reports that further drilling continues to define wide intersections of high grade gold within the confines of the Southern Oxide Pit. Some of the better intersections are shown below and all intersections above a cut off of 0.5g/t are listed in Table 1.

Hole No

From

(m)

Length

(m)

Gold

(g/t)

SCG106

including

14.27

30.25

SCG107

13.80

SCG109

including

30.73

54.05

SCG118

including

27.10

52.30

Note:

The surface sample, 0-2m in hole 109 returned 91.8g/t gold
Hole SCG106 terminated in 24.3g/t gold over last 2m sample
Hole SCG107 terminated in 4.79g/t gold over last 2m sample
Hole SCG113 terminated in 14.4g/t gold over the last 2m sample
Hole SCG118 terminated in 89.7g/t gold over the last 2m sample.

Bob McNeil, CEO and Chairman commented: “This drilling program of 119 holes has defined a previously unknown high grade gold zone within the resource (and proposed pit) which extends over a length of 80m between 9852N and 9930N, varies up to 10m in width, extends to the surface in part and below the limit of drilling at 30m, also in part. Individual intersections are not true widths as gold appears to occupy a steeply dipping zone”.

TABLE 1

Section line (Northing)	Hole Number	Interval				Gold g/t
Section line (Northing)	Hole Number	From (m)	To (m)		Length (m)	Gold g/t
9888	SCG082	0 8 20 26		6 12 24 30	6 4 4 4	0.50 9.34 1.60 0.61
9888	SCG083	4 12		8 14	4 2	2.59 2.89
9888	SCG084	2 14		6 16	4 2	0.73 3.39
9888	SCG085	2		4	4	1.26
9882	SCG086	-		-	-	-
9882	SCG087	0 12		4 14	4 2	2.99 4.85
9882	SCG088	2 14		4 18	2 4	1.18 0.75
9882	SCG089	-		-	-	-
9876	SCG090	6		8	2	1.22
9876	SCG091	-		-	-	-
9876	SCG092	12		16	4	4.73
9876	SCG093	8 12 18		10 14 22	2 2 4	0.89 0.65 3.00
9870	SCG094	-		-	-	-
9870	SCG095	-		-	-	-
9870	SCG096	12 16		14 20	2 4	0.91 1.49
9870	SCG097	14		20	6	1.89
9870	SCG098	12		14	2	4.71
9864	SCG099	14		22	8	2.81
9864	SCG100	8		12	4	0.95
9864	SCG101	8		10	2	0.76
9858	SCG102	12 20		14 22	2 2	0.61 1.63
9912	SCG103	4		8	4	5.94
9912	SCG104	0		8	8	1.34
9918	SCG105	-	-		-	-
9912	SCG106	4		24 (EOH)	20	14.29
9900	SCG107	0		22 (EOH)	22	13.80
9900	SCG108	0 20		8 26	8 6	6.38 3.80
9900	SCG109	0		8	8	30.73
9906	SCG110	0		4	4	16.23
9894	SCG111	-		-	-	-
9894	SCG112	-		-	-	-
9882	SCG113	28		30 (EOH)	2	14.4
9876	SCG114	0		2	2	0.51
9834	SCG115	8 18		10 22	2 4	0.61 1.67
9834	SCG116	4 12		6 16	2 4	1.34 2.01
9834	SCG117	8		10	2	0.87
9852	SCG118	2 10		8 22	6 12	3.15 27.10
9840	SCG119	0		4	4	0.84
Note: EOH indicates end of hole - indicates all results are less than 0.5g/t gold

TABLE 2

Hole No	Northing	Easting	R.L.	Depth of Hole (m)	Bearing	Dip
SCG082	9888	50022	937	30	0	-90
SCG083	9888	50043	938	30	0	-90
SCG084	9888	50049	938	26	0	-90
SCG085	9888	50057	939	26	0	-90
SCG086	9882	50067	939	30	0	-90
SCG087	9881	50060	937	30	0	-90
SCG088	9881	50054	940	30	0	-90
SCG089	9880	50047	939	30	0	-90
SCG090	9877	50051	940	30	0	-90
SCG091	9876	50056	940	30	0	-90
SCG092	9876	50063	940	30	0	-90
SCG093	9876	50070	940	30	0	-90
SCG094	9875	50078	939	26	0	-90
SCG095	9871	50081	940	30	0	-90
SCG096	9870	50073	940	20	0	-90
SCG097	9870	50067	940	20	0	-90
SCG098	9869	50060	940	16	0	-90
SCG099	9865	50070	940	26	0	-90
SCG100	9865	50076	940	20	0	-90
SCG101	9861	50081	940	14	0	-90
SCG102	9858	50072	940	26	0	-90
SCG103	9910	50027	933	30	0	-90
SCG104	9912	50034	934	30	0	-90
SCG105	9918	50020	931	30	0	-90
SCG106	9912	50018	932	24	0	-90
SCG107	9903	50023	934	22	0	-90
SCG108	9902	50028	934	26	0	-90
SCG109	9902	50036	934	22	0	-90
SCG110	9906	50042	933	28	0	-90
SCG111	9894	50046	936	30	0	-90
SCG112	9895	50051	935	28	0	-90
SCG113	9880	50046	939	30	270	-90
SCG114	9877	50050	940	30	270	-90
SCG115	9834	50055	953	30	0	-90
SCG116	9834	50034	954	30	0	-90
SCG117	9833	50026	954	30	0	-90
SCG118	9853	50034	950	22	0	-90
SCG119	9840	50056	953	30	0	-90

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, 45 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.

To find out more about New Guinea Gold Corporation please visit our website at www.newguineagold.ca or contact Forbes West (toll free) 1-888-655-5532, e-mail : forbes@sherbournegroup.ca or Judith O’Quinn at 604-662-3598 e-mail: ngg@telus.net

On behalf of the Board of
NEW GUINEA GOLD CORPORATION

“Robert D. McNeil”
Chairman, CEO

top

20% Increase in Gold Content of Sinivit Gold Dore as Confirmed by Assay - 14 September, 2007

PDF File (35k)

Vancouver – 14th September, 2007. New Guinea Gold Corporation ("NGG" or the "Company") reports that assay results of the gold dore reported in Press Release dated 7th September 2007 have increased the gold content of the dore by approximately 20% from 60% of the dore to just under 73% of the dore.

The gold content of the dore was originally estimated at 2,119g. This has been increased after assay by 445g to 2,564g (approximately 82 ozs). A further payment of PNG Kina 27,364.35 has been received, taking the total payment for this initial gold sale (after all buyer costs) to approximately PNG Kina 158,000.00, or approximately CAD$62,000.00.

Bob McNeil, CEO and Chairman commented: “This is a pleasing result and although the total payment or gold sale is still relatively small, this initial gold is only the result of leaching from two small vats from the plant commissioning stage. Commercial production has now commenced with the mining of, and loading into Vat 1 (first commercial vat) of high grade gold mineralisation recently defined (see Press Released dated 13th August 2007) in grade control drilling within the confines of the southern oxide pit. Further drill results are expected to be released in the near future.”

On behalf of the Board of
NEW GUINEA GOLD CORPORATION

“Robert D. McNeil”
Chairman, CEO

top

Pacific Kanon Gold Corp. Files Preliminary Prospectus - 10 September, 2007

PDF File (32k)

September 10, 2007 - Vancouver, BC – New Guinea Gold Corporation ("NGG"). The Boards of joint venture partners New Guinea Gold Corporation ("NGG") and VAN are pleased to announce that their jointly controlled company, Pacific Kanon Gold Corp. ("PKG"), filed a preliminary prospectus on August 31, 2007, in connection with its public offering (the "Offering"). NGG and VAN each hold half of a 90% equity interest in PKG. The Offering will be conducted through PKG's agent, Bolder Investment Partners, Ltd. (the "Agent") and will consist of a minimum of 17,500,000 units (the "Units") and up to a maximum of 25,000,000 Units at a price of $0.40 per Unit to purchasers resident in British Columbia, Alberta, Manitoba and Ontario. Each Unit is comprised of one common share (the "Shares") of PKG and one-half of a transferable share purchase warrant, a whole such warrant (a "Warrant") entitling the holder to purchase one common share (the "Warrant Shares") of PKG at a price of $0.50 per Warrant Share for a period of 12 month following the issue of the Units, subject to acceleration upon the occurrence of certain events. The Offering is subject to certain conditions, including regulatory and TSX Venture Exchange approval. The preliminary prospectus may be viewed at www.sedar.com.

PKG will use the proceeds of the Offering, following the payment of all fees and costs associated with the Offering, to fund exploration programs on five gold projects and one copper-gold project in Papua New Guinea. Under the terms of a previous share purchase agreement, PKG purchased all the shares of Kanon Resources Ltd. ("KRL"), a Papua New Guinea company holding interests in the six projects. Several of the projects are considered to be in advanced stage of exploration, having gold and copper mineralization already defined in drill holes or trenches. The properties are referred to as Mt. Penck, Bismarck, Yup River, Fergusson, Allemata and Mt. Nakru. Mt. Penck (owned 80% KRL and 20% NGG) is the most advanced exploration property and the material property of the Offering.

Bob McNeil, Chairman and CEO of NGG and Dal Byrnelsen, President and CEO of Vangold commented: “The Mt Penck property is the key property at present in the KRL and ultimately the PKG portfolios and an exploration program to define a NI 43-101 resource will re-commence as soon as financing arrangements are completed. We would also like to highlight for shareholders that very high grade gold results were recently announced in a hand dug trench in a previously relatively unexplored part of Mt Penck property. This trench, which is partly along strike of the mineralised zone returned 24m at 34g/t gold including a 3m interval which averaged 180g/t gold. Mt Penck is a very exciting property”.

On behalf of the Board of
NEW GUINEA GOLD CORPORATION

“Robert D. McNeil”
Chairman, CEO

top

Sinivit Mine Update - Moving to Commercial Scale Production - 7 September, 2007

PDF File (87k)

Vancouver – 7th September, 2007. New Guinea Gold Corporation ("NGG" or the "Company") reports that all aspects of the commissioning of the Sinivit mine have been successfully completed and expects to move to full production of approximately 3,000 ozs gold/month later in the fall. 3.65kg of dore (includes gold, silver and slag) were poured after stripping of current gold on carbon. It is expected that this dore is approximately 60% gold or about 2.2 kg of gold.

The initial gold was produced from two small commissioning Vats, Vats 1A and 1C. Vat 1C is still leaching with gold being adsorbed in the carbon columns. A further pour is expected in the near future.

The initial dore was sold to Italpreziosi South Pacific Ltd, as is, based on an initial estimate of contained gold of 2119g for PNG Kina 130,324 or approximately CDN $52,000. A further payment is expected if assay checks confirm that the above estimate underestimates the actual gold content. Although this is a relatively small payment, it is a significant milestone in the history of NGG. The Company expects to become cash flow positive by year end.

Commercial Scale Production

Larger scale production will commence in the near future at Vat 1, the first of the production vats which has now been completed and lined. See photos below. Blasting, mining and crushing of high grade ore (see recent Press Releases for drill assay results of this zone) is well advanced. Vat 1 (approximately five times the size of the existing vat 1A) is to be filled with leaching of gold expected to commence within three weeks. Vat 1, illustrated in photos below, showing the lining of the vat, as completed, with the people providing an indication of the size of the vat. Construction of Vat 2 (approximately 20 times the size of the original vats) is completed and lining is now commencing. Construction of Vat 3 (see also below) has commenced.

Sinivit Exploration

In regard to current drilling, both the RC rig and diamond core rig are drilling ahead. Some hundreds of samples are currently awaiting compilation or assay and will be released as compilation of each batch is completed.

A brief description of the Sinivit operation is as follows:

The process from mining to production of gold bars is as follows:

Gold mineralisation is mined by open pit methods and crushed to less than 10mm. Prior to mining the mineralisation to be mined is defined by R.C. or blast hole drill holes so that gold mineralisation can be separated from waste. Mining, grade control and crushing have all been successfully commissioned.

The crushed gold mineralisation is placed in double (high density plastic) lined and covered vats and soaked in a high PH and weak cyanide solution. The cyanide dissolves the gold over a period of months with approximately 50% of the recoverable gold passing into solution in the first two weeks. In the longer term it is envisaged that two or more vats will be leaching at the same time. The leaching is working satisfactorily.
The gold in leach solution (pregnant leachate) is pumped through steel columns loaded with activated carbon. The gold adsorps to the carbon. This has been successfully achieved.
The gold is then re-dissolved or stripped from the carbon in an “elution circuit”, electrowon onto steel wool, which is then smelted to produce a gold dore bar. The stripping solution is a high temperature (100 degrees) caustic solution containing cyanide. After some problems and modifications the elution circuit has now been commissioned subsequent to the end of the quarter.
After a gold dore bar is produced (a mixture of gold, silver, slag and other metals), the dore is shipped to a gold refinery for sale or production of high purity gold and then sale.

Vats 1A and 1C were small vats constructed to facilitate plant commissioning. Leaching of Vat 1C continues but Vat 1A has now been incorporated into the new larger Vat 1. Vat 1A contained approximately 1,600 tonnes of low grade mineralisation and Vat 1C approximately 3,500 tonnes of low grade mineralisation.

Leaching is currently proceeding to expectations and gold is being adsorbed on to carbon in the carbon columns. Actual recovery rates from the vats appear to be as predicted and the leaching circuit is operating satisfactorily. A review of the operation by an independent expert at the end of the last quarter concluded that, with additional earthmoving equipment (now on site), there was no impediment to achieving full production in the fourth quarter of 2007.

Fall Roadshow to Commence

RD McNeil, Chairman and CEO will travel to Singapore 11th and 12th September presenting NGG at Mine Exploration and Investment Asia, (www.ibc-asia.com). Thereafter Mr. McNeil will travel to London, Toronto and Vancouver to meet with investors.

The initial Sinivit gold dore is shown, with left to right – Kepas Wali, Managing Director of the Mineral Resources Authority of Papua New Guinea, Ces Iewago, Director of NGG and Bob McNeil CEO and Chairman of NGG.

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

top

Imwauna Drilling Continues to Intersect High Grade Gold to 87.5g/t over Narrow Intervals - 15 August, 2007

PDF File (56k)

Vancouver 15th August 2007. New Guinea Gold Corporation (NGG) is pleased to report further drill results from its 100% owned Imwauna Project within the Normanby Property in Papua New Guinea.

Results from holes IMH98 to IMH101, above a cut off of 0.5g/t gold, are listed below. The highest result was 87.5g/t over a relatively narrow interval of 0.1m within a wider zone of 0.55m at 19.88g/t gold. The longest interval in the above holes was 5.9m at 4.92g/t gold at about 90m vertical depth in hole IMH101.

SUMMARY ASSAY RESULTS

Hole No

Interval

Gold

g/t

Silver

g/t

From

Length

IMH098

45.0

65.9

46.0

66.2

1.0

0.3

8.72

17.40

IMH099

51.8

67.8

107.60

52.60

68.30

107.70

0.8

0.5

0.1

9.60

0.80

0.50

IMH100

16.10

49.90

17.10

50.45

1.0

0.55

0.10

0.94

19.88

87.50

IMH101

119.10

144.10

125.0

144.55

5.9

0.45

4.92

0.66

DRILL HOLE LOCATION DATA

Hole No	Co-Ordinates		Azimuth (degrees)	Final Depth (m)	Dip (degrees)
Hole No	Northing	Easting	Azimuth (degrees)	Final Depth (m)	Dip (degrees)
IMH098	8886796	289010	100	115	-60
IMH099	8886796	289010	100	130.9	-70
IMH100	8886876	289024	100	130.6	-50
IMH101	8889884	289012	100	153.4	-60

Note: True thickness of intersections is uncertain but likely to be between 70 & 100% of the intersected length.

The above holes are fill-in holes in the central part of the Imwauna Vein system between the northern and southern high-grade zones. The results are essentially as expected and prove continuity of the system, albeit over narrower and/or lower grade vein widths.

Drilling has been slow over the past two months due to equipment breakdown and the need to train additional drillers (resulting in only one shift on each drill rig). These problems have been rectified and the drills are now drilling ahead on hole IMH108 and at Ebessowa. Drilling is now testing a new zone some 500m North of most northerly previously drilled holes. Deep drill holes beneath the Imwauna system will be scheduled in the near future.

The second drill has completed five holes at the Ebessowa vein system, approximately one kilometre north of the Imwauna system. Results are pending.

Eight holes have been completed at the Weioko prospect, Sehulea Property adjacent to Imwauna and results will be released when they have all been received. Half core from four holes was delayed in transit to the laboratory, and final assays are not expected for four weeks.

Samples are generally one metre, or sampled on a geological basis, one half core prepared on site using a diamond saw. Preparation and assaying was completed at accredited laboratory ASL-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

On Behalf of the Board

R D McNeil
Chairman & CEO

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.

top

Sinivit Drilling Records Further Gold Results To 89.8 g/t - 13 August, 2007

PDF File (87k)

August 13th, 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG" or the "Company") reports that further drilling within and adjacent to the resource at Sinivit continues to define both good gold grades and continuity to the mineralisation. Eighty one holes have now been completed.

In addition to gold, several holes intersected significant copper, such as 2m at 1.68% copper in hole 56; 4m at 1.8% copper in hole 60; 2m at 2.62% copper in hole 66; 6m at 2.68% in hole 72. These copper intersections contain 0.6 to 13g/t gold but the higher gold grades generally contain only low copper (less than 100ppm). The significance of the copper for the longer term future of the Sinivit mine will not be confirmed until deeper drilling is completed.

The highlights of the gold intersections are shown below with all results and hole data in Tables 1 and 2.

Hole No	From	To	Length (m)	Gold (g/t)
SCG0056 incl.	16	20	4 2	7.89 13.15
SCG0057 incl.	8	12	4 2	19.59 35.10
SCG0059	14	25	11	2.75
SCG0060	14 20	20 24	6 4	9.33 0.71
SCG0061	24	28	4	5.66
SCG0070	0	15	15	3.41
SCG0072	2 16	14 30	12 14	8.77 5.12
SCG0073 incl.	4	8	6 2	32.07 89.8
SCG0075	4	22	18	8.78
SCG0079 incl.	0	8	8 4	21.44 38.15
SCG0080	4	10	6	5.91
SCG0081	2	8	6	4.87

Mr Bob McNeil CEO of NGG commented: “These results are as expected and continue to confirm both the grade and continuity to the gold mineralisation at Sinivit. Some of the holes were drilled to define the boundary of the gold mineralisation and were not expected to contain significant gold. The significant copper may prove a substantial bonus in the future if or when mining proceeds to mine and process the gold sulphide mineralisation at depth. In the short term high grade copper mineralisation of up to 6m at 2.68%copper and 3.03g/t gold will be stockpiled. Further drill results are expected in the near future. The Sinivit mine continues as planned with good gold leaching from Vat 1C. The next, larger, vat will commence processing in the near future. ”

TABLE 1

Section line (Northing)	Hole Number	Interval				Gold g/t
Section line (Northing)	Hole Number	From	To		Length	Gold g/t
9846	SCG0054	0 8		4 10	4 2	2.36 7.54
9834	SCG0055	0 16		4 18 (EOH)	4 2	2.31 0.92
9924	SCG0056	0 16		2 20	2 4	7.48 7.89
9930	SCG0057 including	0 4 8 8		2 6 12 10	2 2 4 2	0.86 0.87 19.59 35.10
9936	SCG0058	8		14	6	1.48
9936	SCG0059	0 6 10 14		2 8 12 25 (EOH)	2 2 2 11	0.50 0.51 0.51 2.75
9930	SCG0060	14 20		20 24	6 4	9.33 0.71
9930	SCG0061				NSR
9930	SCG0062				NSR
9924	SCG0063				NSR
9924	SCG0064				NSR
9924	SCG0065	0		2	2	0.61
9924	SCG0066	24		28	4	5.66
9918	SCG0067	0		2	2	1.66
9918	SCG0068					NSR
9906	SCG0069	2		10	8	3.81
9906	SCG0070	0		15	15 (entire hole)	3.41
9906	SCG0071	2		6	4	4.05
9906	SCG0072 including	2 4 16		14 8 30 EOH	12 4 2	8.77 22.78 5.12
9912	SCG0073 including	0 4 4		2 8 6	2 4 2	0.58 32.07 89.80
9918	SCG0074					NSR
9894	SCG0075	4		22 (EOH)	18	8.78
9894	SCG0076	0		11 (EOH)	14	1.39
9894	SCG0077	4		8	4	0.50
9894	SCG0078	0		6	6	1.34
9888	SCG0079 including	0 2 10		8 6 14	8 4 4	21.44 38.15 0.53
9888	SCG0080	4 12 28		10 14 30	6 2 2	5.91 0.52 0.90
9888	SCG0081	2		8	6	4.89
Note: NSR - No assays above 0.5g/t gold EOH - End of Hole

TABLE 2

Hole No	Northing	Easting	R.L.	Depth of Hole	Bearing	Dip
SCG0054	9846	50060	952	16	0	-90
SCG0056	9834	50057	953	17	0	-90
SCG0057	9924	50021	929	30	0	-90
SCG0058	9930	50021	929	30	0	-90
SCG0059	9936	50023	928	30	0	-90
SCG0060	9936	50025	929	30	0	-90
SCG0061	9930	50032	929	30	0	-90
SCG0062	9930	50033	929	15	90	-60
SCG0063	9924	50031	929	30	0	-90
SCG0064	9924	50036	929	16	90	-60
SCG0065	9924	50044	929	12	90	-60
SCG0066	9924	50035	929	30	270	-60
SCG0067	9918	50034	930	30	0	-90
SCG0068	9918	50039	930	16	0	-90
SCG0069	9906	560025	934	22	0	-90
SCG0070	9906	50025	934	15	270	-60
SCG0071	9906	50033	934	9	90	-60
SCG0072	9906	50018	932	30	0	-90
SCG0073	9912	50021	932	30	0	-90
SCG0074	9918	50025	932	30	0	-90
SCG0075	9894	50026	937	22	0	-90
SCG0076	9894	50031	937	11	270	-60
SCG0077	9894	50032	937	9	90	-60
SCG0078	9894	50039	938	15	90	-60
SCG0079	9888	50036	938	30	0	-90
SCG0080	9888	50028	937	30	0	-90
SCG0081	9888	50029	937	30	90	-60

All drill holes are Reverse Circulation. Samples are bulked in two metre intervals, partially prepared on site by splitting to approximately 4 kgs in weight each, then dispatched to accredited laboratory ALS – Chemex in Townsville, Australia for further preparation and assay. ALS-Chemex insert “blank” quartz sand between each sample to clean the pulveriser and ensure there is no contamination between successive samples.

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

top

First Gold Pour at Sinivit - 7 July, 2007

July 7th, 2007 - Vancouver, BC. New Guinea Gold (NGG:TSX-V) is pleased to announce that the first gold dore bar has been poured at the Sinivit gold mine in Papua New Guinea. The pour is shown in the photograph below or see the Company’s web site newguineagold.ca .

Bob McNeil, Chairman and CEO states: “I’m pleased to report that all aspects of the mining and processing circuit at the Sinivit Mine have now been commissioned. Over the next several months, the various circuits will be fine tuned, with gold production gradually increasing to an expected annualised production rate of 35,000 ozs gold by October 2007. In the meantime, the Company is continuing exploration activities on Sinivit as well as other of its key properties, with the objective of increasing gold resources”.

First Gold Pour at Sinivit Gold production and other mine statistics will be issued quarterly commencing with the end of the September quarter.

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

top

New Guinea Gold AGM Conference Call - 18 June, 2007

June 18th, 2007 - Vancouver, BC. New Guinea Gold Corporation's (NGG:TSX-V) Annual Meeting was held in Vancouver on June 15. The meeting was followed by a slide presentation by Bob McNeil, Chairman and CEO, and conference call.

To listen to a replay of the call (available through Friday June 22) dial 416-695-5800 / 800-408-3053 passcode 3225024.
Copies of the presentation slides are posted on NGG home page - www.newguineagold,ca

On Behalf of the Board

Judith O'Quinn
CFO / Corporate Secretary

top

Fundamental Research Issues Update on New Guinea Gold - 14 June 2007

June 14th, 2007 - Vancouver, BC. Fundamental Research Corp. analysts Michael Casserly, MBA, Sid Rajeev, MBA, and research associate Martha Buckwalter-Davis, BA (Geology), have released an update on New Guinea Gold Corp. (TSX.V: NGG) entitled "Update on Production and Exploration at Sinivit and Imwauna" and dated June 12, 2007. The full report is now available on Fundamental Research Corp's website www.researchfrc.com.

Copies of the report can also be obtained by emailing info@researchfrc.com or calling 604-682-7065.

On Behalf of the Board

R D McNeil
Chairman & CEO

top

NGG to Visit Seven Cities During European Roadshow - News Release - 6 June, 2007


Vancouver	15th June, 2007 AGM and Presentations
Stockholm	18th June,2007
Paris	19th June, 2007
Brussels	20th June, 2007
Amsterdam	21st June, 2007
Monaco	22nd June, 2007
London	26th June, 2007
Geneva	28th June, 2007

To attend one of these presentations, or 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

top

First Gold Pour at Sinivit Delayed Several Weeks - Press Release - 05 June, 2007

June 5th, 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG" or the "Company") reports that the vat leach and gold recovery to activated carbon has been successfully commissioned, but mechanical problems with the elution circuit prevented the first gold pour being completed last week. Leaching of gold from the vat, and adsorption of gold to carbon in carbon columns is continuing, but gold is now unlikely to be produced in dore bar form for several weeks.

In the meantime, the inventory of gold will continue to build within the carbon columns.

The process from mining to production of gold bars is as follows:

Gold mineralisation is mined by open pit methods and crushed to less than 10mm. Prior to mining the mineralisation to be mined is defined by R.C. or blast hole drill holes so that gold mineralisation can be separated from waste. Mining, grade control and crushing have all been successfully commissioned
The crushed gold mineralisation is placed in double (high density plastic) lined vats and soaked in a high PH and weak cyanide solution. The cyanide dissolves the gold over a period of months with approximately 50% of the recoverable gold passing into solution in the first two weeks. The initial Vat, 1A, has been successfully commissioned with more than 50% of the expected recoverable gold either in solution or precipitated to carbon in the carbon column. Vat 1C will be filled and leaching will commence in the near future. Crushed ore is already stockpiled to fill this vat. In the longer term it is envisaged that two or more vats will be leaching at the same time.
The gold in leach solution (pregnant leachate) is pumped through steel columns loaded with activated carbon. The gold adsorps to the carbon. This has been successfully achieved.
The gold is then redissolved or stripped from the carbon in an "elution circuit", electrowon onto steel wool, which is then smelted to produce a gold dore bar. The stripping solution is a high temperature (100 degrees) caustic solution containing cyanide. During the current stripping of the carbon the seals failed on the pumps. Seals were replaced and further failed after a few hours necessitating the shut down of the elution plant. The pumps were apparently supplied with incorrect seals and until the correct seals are obtained stripping cannot resume.
After a gold dore bar is produced (a mixture of gold, silver and other metals), the dore is shipped to a gold refinery for final production of high purity gold.

Mr McNeil CEO and Chairman of NGG commented "although disappointing in that we did not achieve a gold pour by the end of May, the breakdown in the elution circuit should only be temporary and in the meantime gold inventory is continuing to build up on carbon in the carbon columns. Gold production and cash flow in the longer term should not be affected".

The development of Sinivit is proceeding in the absence of a full feasibility study. 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.

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, 45 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 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

top

Invitation to Attend Annual General Meeting - 18 May, 2007

PDF File (56K)

INVITATION

You are cordially invited to attend the New Guinea Gold Corporation

Annual General Meeting

To be held Friday, June 15, 2007 at 11:00 a.m.

At Computershare Trust Company of Canada, 3^rd Floor Boardroom,

510 Burrard Street, Vancouver British Columbia, V6C 3B9

And a Reception following the AGM at 12:00 noon at the

Metropolitan Hotel
2^nd Floor
645 Howe Street
Vancouver, British Columbia

Refreshments will be provided

RSVP: 604-662-3598 or ngg@telus.net

top

Imwauna Drilling Intersects Grades to 21.3g/t Gold & 61g/t Silver - Press Release - 15 May, 2007

PDF File (132K)

May 15th, 2007 - Vancouver, BC. New Guinea Gold Corporation (NGG) reports further drill results from its 100% owned Imwauna Project within the Normanby Property in Papua New Guinea. All results above a cut-off of 0.5g/t gold are shown in the table below.

Assay results have been received from diamond drill holes IMD095 to IMD097 inclusive. Hole IMD104 is now in progress and results are awaited for holes IMD098 to IMD103. Of particular significance are the multiple intersections in hole IMD095 collared in the south of the project including 1.0m at 8.40g/t gold and 27g/t silver between 32.6 and 33.6m; 1.10m at 9.05g/t gold and 20g/t silver between 108.3m and 109.4m and 4.6m at 6.44g/t gold between 111.3m and 115.9m including 1.0m at 21.3g/t gold and 15.5g/t silver.

Generally, narrow, high grade zones were intersected in drill holes IMD096 and IMD097 collared in the centre of the prospect area. Results include 0.20m at 15.65g/t gold and 61g/t silver from 68.70m to 68.90m and 0.20m at 10.95g/t gold and 10g/t silver from 90.60m to 90.80m in IMD096. Drilling has shown that even such narrow intervals of high grade are significant as these zones can rapidly increase in width along strike or to depth.

Diamond drilling with the second core rig has been completed at the adjacent Weioko prospect on the Sehulea Property, Normanby Island, and is being mobilised to the Normanby Property to increase the drilling capability at that project. Drilling with this second rig will focus on exploratory holes to test prospects such as Ebessowa to the north of Imwauna (see map at www.newguineagold.ca), the Imwauna system at depth and further along strike to the south. These exploration holes will allow an Inferred Resource for the system to be estimated in addition to Indicated and Measured Resources based on the detailed drilling completed to date.

Summary assay results and drill collar location data for drill holes IMD095 to IMD097 inclusive is given in the following tables.

Drill Hole Location Data

Hole No	North	East	Azimuth	Dip	EOH (m)	RL (m)
IMD095	8886603	288924	100	-60	151.6	551
IMD096	8886853	289001	100	-70	201.4	496
IMD097	8886844	289011	100	-80	130	564

Hole No	From	To	Interval (m)	Gold g/t	Silver g/t
IMD095	26.5	27.5	1.00	1.09	-
	32.6	33.6	1.00	8.40	27
	59.3	59.9	0.60	5.07	14
	108.3	109.4	1.10	9.05	20
	111.3	115.9	4.60	6.44	3
Including	111.3	112.3	1.00	21.30	15
IMD096	41.80	42.50	0.70	2.20	10
	72.4	73.9	1.50	10.43	11
IMD097	63.2	63.54	0.30	0.66	12
	68.70	68.90	0.20	15.65	61
	69.80	70.10	0.30	1.11	35
	90.60	90.80	0.20	10.95	10

True widths of intersections are estimated to be between 70 and 90% of the intervals above.

Samples are generally one metre, or sampled on a geological basis, one half core prepared on site using a diamond saw. Preparation and assaying was completed at accredited laboratory ASL-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

top

Drilling at Sinivit 8m at 28.42g/t gold & 12m at 8.43g/t gold / First Gold Pour Expected Later this Month - Press Release - 14 May, 2007

PDF File (140K)

May 14th, 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG" or the "Company") reports that the remaining results from the initial grade control program continued to define additional high grade gold within the confines of the southern oxide pit at Sinivit. The Sinivit project is in East New Britain Province, Papua New Guinea, and NGG has an effective 92% interest.

Hole SGC0053, drilled on line 9846N, is particularly significant, with an intersection of 8m at 28.42g/t gold. In the resource estimate the original holes on section 9845N gave results of 4m at 9.41g/t gold, 2m at 1.03g/t gold, 4m at 1.8g/t gold and 5m at 2.65g/t gold. The new intersection compliments previously announced intersections on line 9840N of 12m at 25.66g/t gold and 10m at 9.l88g/t gold and confirms that the grade control drilling has intersected a high grade gold zone which was not defined in the original resource drilling (see www.newguineagold.ca for resource sections).

The drilling program, in total, covered a strike length of approximately 100m and included 68 reverse circulation (RC) holes each drilled to 30m depth and sampled at 2m intervals.

The RC drill has been stood down for the past month due to mechanical problems. These have been rectified and a second program to the north of this present program will commence in the near future.

Diamond core drilling has commenced to test the deeper limits of the proposed central oxide pit. The first hole has been completed, sampled and dispatched to the assay laboratory.

All results from drill holes are listed below, complete any assay results, and hole location data are given in the Appendix.

Section Line (Northing)	Hole No	From	To	Interval (m)	Gold
9858	SGC0047	2	4	2	0.55
9852	SGC0048	0	8	8	2.08
	SGC0049	0	2	2	1.46
	SGC0049	18	30	12	8.43
		28	30	2	42.5
	SGC0050	0	10	10	1.67
	SGC0050	16	18	2	2.65
	SGC0051	0	10	10	1.28
9846	SGC0052	No Significant Assay
	SGC0053	2	2	2	1.07
	SGC0053	22	30	8	28.42
		26	28	2	66.0

Samples are partially prepared on site by splitting to approximately four kilograms in weight, then dispatched to accredited laboratory ALS-Chemex in Townsville, Australia for further preparation and assay.

Construction of the second vat (1B) at Sinivit is almost complete and sufficient crushed ore is stockpiled to fill this vat in the near future. The first gold pour from processing of gold mineralisation in Vat 1A is programmed for the last week of May.

Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. 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.

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, 45 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 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

APPENDIX

Drill Hole Assay and Location Data

Section Line (Northing)	Hole No	From	To	Interval (m)	Gold
9858	SGC0047	2	4	2	0.55
9852	SGC0048	0	2	2	0.72
	SGC0048	2	4	2	4.95
	SGC0048	4	6	2	2.15
	SGC0048	6	8	2	0.50
	SGC0049	0	2	2	1.46
	SGC0049	18	20	2	2.68
	SGC0049	20	22	2	0.52
	SGC0049	22	24	2	0.64
	SGC0049	24	26	2	0.53
	SGC0049	26	28	2	3.71
	SGC0049	28	30	2	42.5
	SGC0050	0	2	2	1.61
	SGC0050	2	4	2	1.86
	SGC0050	4	6	2	1.53
	SGC0050	6	8	2	2.43
	SGC0050	8	10	2	0.92
	SGC0050	16	18	2	2.65
	SGC0051	0	2	2	2.47
	SGC0051	2	4	2	0.87
	SGC0051	4	6	2	0.67
	SGC0051	6	8	2	1.64
	SGC0051	8	10	2	0.78
	SGC0052	No Significant Assay
	SGC0053	0	2	2	1.07
	SGC0053	22	24	2	1.25
	SGC0053	24	26	2	18.25
	SGC0053	26	28	2	66.0
	SGC0053	28	30	2	28.2

Drill Hole Location Data

Hole No	North	East	Azimuth	Dip	EOH (m)	RL (m)
SGC0047	9858	50051.3	0	-90	30	949.7
SGC0048	9852.3	50051	0	-90	30	950.6
SGC0050	9852.4	50048.8	0.70	0	00	950.5
SGC0050	9852	50056.3	0	-90	30	951
SGC0051	9852	55057.3	90	-60	30	950.9
SGC0052	9846	50053.9	0	-90	30	951.9
SGC0053	9846	50052.6	270	-60	30	951.5

top

New Guinea Gold Announces Start of Processing at Sinivit - 30 April, 2007

PDF File (244K)

April 30th, 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG" or the "Company") announces that mining and processing of gold mineralization from the Sinivit Mine has commenced. Project development has been completed at site and initial process plant commissioning commenced in April 2007 with first gold pour expected in May 2007. Vat 1A is full and processing is underway - mineralisation remains in vat for several weeks until gold is dissolved and the gold is then precipitated onto activated carbon, further processed by electrowinning and gold dore is finally recovered after smelting in a furnace. Vat 1B is expected to be filled in May 2007 from stockpiled, crushed mineralisation

Production is expected to gradually increase over the next six months to a monthly gold rate of approximately 3,000 ozs (35,000 ozs on an annual basis; see Press Release dated 31 January 2006).

Bob McNeil CEO/Chairman has just returned from a five day visit to site. During this period the Papua New Guinea Chief Mining Engineer, Mr Howard Lole and the Corporate Relations Manager for the Bank of South Pacific Mr Ron McDonald also visited the site. Mt McNeil stated "Mining has commenced from the Northern oxide pit. The crushing circuit is operating above expectations and crushed ore is presently being stockpiled to allow Vats 1B and Vat 1 to be filled as soon as they are completed. Stripping of waste is well advanced in several parts of the southern oxide pit and mining of gold mineralisation in this pit will commence in the near future. Vat construction will continue now throughout the life of the mine, with Vat 1B being filled and processed in late May, followed by Vat 1 in June or July. Initial mineralisation to the vats is expected to grade approximately 3g/t to 4g/t gold with the higher grades announced recently (Press Release dated 5^th April 2007) being accessed in the third and fourth quarters of 2007. Lower grades are used in the initial vats and processing to ensure all aspects of the processing circuit are operating satisfactorily.

Infrastructure, office and accommodation is now complete with approximately 90 persons resident on site. The contractor's mining equipment and maintenance facility is operating satisfactorily.

In summary Mr McNeil said: "I am pleased with the progress at site, and to be able to report that the project is moving ahead as expected. We have a dedicated and supportive work force at site and I take this opportunity to thank them for their support during the construction phase."

Current photo's of site operations as at 18^th April are shown below:

More photo's will be displayed on the web site under Sinivit Project, at www.newguineagold.ca later this 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.

On Behalf of the Board

R D McNeil
Chairman & CEO

Sinivit

Sinivit1

Sinivit2

top

New Guinea Gold Closes Second Tranche of its 12 Million Unit Private Placement - 19 April, 2007

PDF File (80K)

April 30th, 2007 - Vancouver, BC. New Guinea Gold Corporation (" NGG" or the "Company") announces that it has closed the second tranche of a private placement arranged through its agent, Bolder Investment Partners, Ltd. ("Bolder" or "The Agent") in an offer (the "Offer" or the "Offering"), of up to 12,000,000 units of the Company at $0.42 per unit (the "Units") to raise up to $5,040,000. The first tranche of the private placement formally closed with the issuance of 10,112,500 Units for gross proceeds of $4,247,250 and was announced in a press release dated March 23, 2007. Gross proceeds from the second tranche amount to $792,750 with the issuance of 1,887,500 units.

Each Unit consists of one common share and one half of one non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.55 for a period of two years from the completion of the financing, subject to early expiry provisions as follows: Once resale restrictions on the second tranche Units have expired on August 20, 2007 and upon the Company's shares trading at or above a weighted average trading price of $0.90 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release).

Bolder will receive a cash commission of 7.5% of the gross proceeds raised, of which Bolder has elected to receive 44,018 units at an ascribed value of $0.42 per unit in partial payment. Bolder will receive Agent's Warrants (the "Agents Warrants") entitling the Agent to purchase 187,000 common shares of the Company, for a period of two years from the date of the closing of the Offering, April 19, 2007. Each Agent's Warrant will be exercisable into one (1) common share of the Company at $0.55.

All securities issued in the second tranche of this private placement are subject to resale restrictions expiring August 20, 2007.
Net proceeds of this financing will be used for working capital for the Sinivit project, to fund a second drill at the Imwauna project and for general corporate purposes.

On Behalf of the Board

Judith O'Quinn
CFO / Corporate Secretary

top

Drilling Sinivit 18m at 22.60g/t gold, 12m at 25.66g/t gold and 19m at 19.02g/t gold - Production to Begin in April - 5 April, 2007

PDF File (200K)

April 5th, 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG") continues to define high grade, near surface gold, at the Sinivit Project, Papua New Guinea. NGG has an effective 92% interest in the Project.

Gold assays have been received for the initial program of grade control drilling completed within and across the Southern Oxide Pit area at Sinivit. Assays have been received from fifty-nine reverse circulation drill holes, each approximately 30m in length, that were completed along drill section lines spaced approximately six metres apart.

The drilling program covers a strike length of approximately 100 metres extending from 9780N through to 9876N. The better results are summarised below:

Grade Control Summary Assay Data

Hole No	From	To	Interval (m)	Gold g/t
SGC0004	10	30	20	2.37
SGC0008	8	20	12	2.45
SGC0015	0	12	12	5.93
SGC0023	10	20	10	10.17
SGC0025	0	10	10	7.13
SGC0029	2	20	18	22.60
Including	14	16	2	60.6
SGC0031	4	16	12	25.66
Including	6	8	2	64.7
SGC0032	0	10	10	9.84
SGC0033	20	28	8	6.88
SGC0046	18	30	12	8.52
SGC0042	6	25	19	19.02
Including	18	20	2	60.1
SGC0039	0	8	8	7.43
SGC0040	4	8	4	26.47
SGC0043	12	24	12	10.95
SGC0044	0	20	20	4.04
	22	28	6	10.22

Complete assay results and hole location data for all 59 holes are attached as an appendix.

Bob McNeil CEO of NGG stated: "These results are quite exciting and much higher than results from earlier resource definition drilling. They correspond to the sub-surface extensions of trench results, such as 13m at 13.5g/t gold, released on 15th February 2007. The new drill results represent the best drill results encountered at Sinivit and all are near surface. These drill results correspond with original resource drilling results illustrated on Resource Outline Sections 9822N, 9845N, and 9864N (see sections under Sinivit Project, www.newguineagold.ca). There appears to be several times the amount of gold present in the new drill holes than in the original resource drill holes. For example the original intersections used on the resource estimate on Section 9845N were: 4m at 9.41g/t gold, 2m at 1.03g/t gold, 4m at 1.8g/t gold and 5m at 2.65g/t gold. The new intersections on Section line 9840N included 12m at 25.66g/t gold and 10m at 9.88g/t gold. All intersections on these lines are shown in the appendix. On section 9864N the best result in the original drilling was 14m at 9.75g/t gold whereas in this phase of drilling 19m at 19.02g/t gold was intersected.

Of the two trenches completed at the central and northern zones, the central zone width of 30m at 2.54g/t gold is particularly encouraging.

The high grade oxide gold mineralisation confirmed by the drilling will be accessed during the start up of open pit mining at the southern oxide zone, allowing early treatment of high grade gold mineralisation".

The grade control trench data are as follows:

Central Zone Assay Summary - Total Trench Length 74m

Trench No	From	To	Interval (m)	Gold
1	16	46	30	2.54
Including	16	20	4	5.33
	.32	36	4	3.66
	38	46	8	3.26

Northern Zone Assay Summary - Total Trench Length 36.80m

Trench No	From	To	Interval (m)	Gold
1	0	2	2	1.51
	7.80	11.80	4	1.90
	13.80	19.80	6	0.82
	21.80	28.80	7	2.05
	34.80	36.80	2	2.71

All the assay data has been loaded into the geological database and ore block interpretation using Surpac Vision mining software is in progress.

Reverse circulation drilling continues to progress satisfactorily in the northern area of the Southern Oxide Pit. Approximately forty holes with an average hole depth of thirty metres remain to be completed.

All samples are partly prepared with initial crushing and splitting down to 500 grams at site with further preparation and analysis at accredited ALS Chemex laboratories in Townsville, Queensland, Australia.

Initial gold production at Sinivit is expected to begin later this month.
Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. 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.

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, 45 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

APPENDIX

Detailed Assay Data

Section Line (Northing)	Hole No	From	To	Interval (m)	Gold
9780	SGC0001	2	4	2	1.06
	SGC0100	No Significant Assays
	SGC0101	No Significant Assays
9786	SGC0002	No Significant Assays
	SGC0003	0	2	2	1.06
		22	24	2	0.52
	SGC0102	No Significant Assays
	SGC0103	22	24	2	0.50
9792	SGC0004	0	2	2	1.13
		2	4	2	1.09
		10	12	2	4.97
		12	14	2	3.11
		14	16	2	3.31
		16	18	2	3.81
		18	20	2	1.51
		20	22	2	0.62
		22	24	2	0.20
		26	28	2	0.36
		28	30	2	4.79
	SGC0005	18	20	2	0.79
		28	30	2	0.60
	SGC0104	0	2	2	3.59
		4	6	2	3.57
		6	8	2	0.90
	SGC0105	0	30	-	nsa
9798	SGC0006	26	27	1	0.83
	SGC0007	No Significant Assays
	SGC0008	8	10	2	2.22
		10	12	2	3.00
		12	14	2	4.96
		14	16	2	1.94
		16	18	2	0.96
		18	20	2	1.62
	SGC0106	0	30	-	0.10
	SGC0107	0	2	2	1.67
9804	SGC0009	No Significant Assays
	SGC0010	2	4	2	0.71
	SGC0011	No Significant Assays
	SGC0108	No Significant Assays
	SGC0109	No Significant Assays
9810	SGC0012	No Significant Assays
	SGC0013	No Significant Assays
	SGC0110	8	10	2	1.59
		10	12	2	0.87
	SGC0111	No Significant Assays
	SGC0112	No Significant Assays
9816	SGC0014	No Significant Assays
	SGC0015	0	2	2	7.03
		2	4	2	10.40
		4	6	2	0.91
		6	8	2	12.20
		8	10	2	3.86
		10	12	2	1.19
	SGC0016	No Significant Assays
	SGC0017	0	2	2	1.29
		14	16	2	1.80
	SGC0018	10	12	2	0.64
9822	SGC0019	0	2	2	2.22
		8	10	2	1.43
	SGC0020	0	2	2	1.70
		2	4	2	0.57
		8	10	2	1.30
		10	12	2	2.65
	SGC0021	4	6	2	3.52
		14	16	2	0.52
	SGC0022	No Significant Assays
	SGC0023	10	12	2	1.14
		12	14	2	39.10
		14	16	2	7.86
		16	18	2	2.15
		18	20	2	0.59
9828	SGC0024	4	6	2	0.87
		6	8	2	1.82
		8	10	2	0.94
		12	14	2	1.67
	SGC0025	0	2	2	0.76
		2	4	2	1.57
		4	6	2	0.56
		6	8	2	5.96
		8	10	2	26.80
	SGC0026	20	22	2	2.50
	SGC0027	0	2	2	1.45
		12	14	2	2.58
		16	18	2	0.65
		18	20	2	0.90
		20	22	2	13.45
		22	24	2	1.26

9834	SGC0028	No Significant Assays
	SGC0029	2	4	2	28.90
		4	6	2	23.00
		6	8	2	22.60
		8	10	2	16.55
		10	12	2	10.35
		12	14	2	8.36
		14	16	2	60.60
		16	18	2	27.30
		18	20	2	5.73
	SGC0030	0	2	2	3.53
		2	4	2	2.21
		4	6	2	4.30
		6	8	2	5.41
9840	SGC0031	4	6	2	17.20
		6	8	2	64.70
		8	10	2	25.50
		10	12	2	19.45
		12	14	2	14.45
		14	16	2	12.65
	SGC0032	0	2	2	3.93
		2	4	2	27.50
		4	6	2	6.74
		6	8	2	7.41
		8	10	2	3.63
	SGC0033	8	10	2	0.50
		20	22	2	2.03
		22	24	2	11.05
		24	26	2	9.01
		26	28	2	5.43
	SGC0034	0	18	-	nsa
	SGC0036	8	10	2	1.43
9846	SGC0035	8	10	2	0.84
		10	12	2	0.92
		12	14	2	0.95
		14	16	2	0.77
		16	18	2	0.74
		18	19	1	2.21
9858	SGC0045	0	2	2	3.03
		2	4	2	1.54
		4	6	2	0.71
		8	10	2	0.56
		10	12	2	0.51
		26	28	2	0.58
	SGC0046	0	2	2	2.10
		8	10	2	0.76
		10	12	2	0.54
		18	20	2	3.33
		20	22	2	2.59
		22	24	2	1.10
		24	26	2	8.01
		26	28	2	18.40
		28	30	2	17.70
9864	SGC0042	6	8	2	0.70
		8	10	2	2.76
		10	12	2	5.59
		12	14	2	10.75
		14	16	2	2.13
		16	18	2	24.80
		18	20	2	60.10
		20	22	2	0.01
		22	24	2	52.20
		24	25	1	43.40
9870	SGC0039	0	2	2	24.50
		2	4	2	0.75
		4	6	2	3.92
		6	8	2	0.54
		16	18	2	2.10
		22	24	2	12.40
	SGC0040	0	2	2	0.94
		4	6	2	49.60
		6	8	2	3.34
		10	12	2	0.92
		12	14	2	1.43
	SGC0041	8	10	2	4.37
		10	12	2	4.33
		12	14	2	1.23
		18	20	2	0.58
		20	22	2	0.73
	SGC0043	0	2	2	2.14
		2	4	2	3.53
		6	8	2	1.66
		8	10	2	1.75
		12	14	2	9.15
		14	16	2	4.86
		16	18	2	28.70
		18	20	2	14.55
		20	22	2	1.42
		22	24	2	7.04
		26	28	2	2.71
9876	SGC0037	0	2	2	1.14
		2	4	2	1.37
		4	6	2	0.85
		6	8	2	0.53
	SGC0038	0	2	2	0.93
		6	8	2	5.09
		8	10	2	2.41
		12	14	2	0.55
	SGC0044	0	2	2	1.44
		2	4	2	1.30
		4	6	2	1.61
		6	8	2	12.30
		8	10	2	13.40
		10	12	2	4.91
		12	14	2	2.67
		14	16	2	0.89
		16	18	2	1.36
		18	20	2	0.60
		22	24	2	0.66
		24	26	2	17.60
		26	28	2	12.40

Drill Hole Location Data

Hole No

North

East

Azimuth

Dip

EOH (m)

RL (m)

SGC0001	9779.7	50044.4	960.6	30	90	-60
SGC0002	9786.0	50048.0	959.7	30	90	-60
SGC0003	9786.9	50040.0	960.1	30	270	-60
SGC0004	9791.9	50036.6	959.3	30	270	-60
SGC0005	9791.7	50043.9	959.1	30	90	-60
SGC0006	9797.6	50047.5	957.6	27	90	-60
SGC0007	9797.9	50042.5	958.0	30	90	-60
SGC0008	9797.8	50036.2	958.0	30	270	-60
SGC0009	9803.8	50036.5	957.0	30	270	-60
SGC0010	9803.9	50041.3	956.9	30	270	-60
SGC0011	9804.3	50043.6	956.8	27	90	-60
SGC0012	9809.7	50040.0	955.9	30	270	-60
SGC0013	9809.8	50041.8	956.0	30	90	-60
SGC0014	9816.0	50050.4	954.6	18	90	-60
SGC0015	9816.1	50043.3	954.8	15	90	-60
SGC0016	9816.1	50042.1	954.9	15	0	-90
SGC0017	9816.1	50041.2	954.9	30	270	-60
SGC0018	9815.9	50035.9	954.7	27	270	-60
SGC0019	9822.2	50039.7	954.7	30	270	-60
SGC0020	9822.1	50041.0	954.7	12	0	-90
SGC0021	9821.5	50042.0	954.8	30	0	-90
SGC0022	9821.9	50046.7	954.8	16	90	-70
SGC0023	9821.9	50053.5	954.6	20	90	-60
SGC0024	9828.1	50050.3	954.4	16	0	-90
SGC0025	9828.6	50056.1	954.0	10	0	-90
SGC0026	9826.3	50044.0	955.0	22	0	-90
SGC0027	9827.8	50036.7	955.5	30	0	-90
SGC0028	9834.6	50040.7	958.1	14	0	-90
SGC0029	9835.9	50045.5	958.3	20	0	-90
SGC0030	9835.8	50049.1	958.0	8	0	-90
SGC0031	9840.0	50042.6	957.9	16	0	-90
SGC0032	9840.0	50043.8	957.8	10	90	-60
SGC0033	9840.1	50036.4	957.5	28	0	-90
SGC0034	9839.9	50034.8	957.3	18	270	-60
SGC0035	9846.6	50040.0	957.5	19	0	-90
SGC0036	9840.2	50057.3	952.6	13	0	-90
SGC0037	9874.1	50041.8	946.0	30	0	-90
SGC0038	9876.3	50035.8	945.6	30	0	-90
SGC0039	9870.1	50040.7	946.3	26	90	-60
SGC0040	9872.8	50033.6	945.6	30	90	-60
SGC0041	9870.7	50032.7	945.3	30	0	-90
SGC0042	9865.3	50030.6	945.2	25	0	-90
SGC0043	9870.4	50027.2	945.0	28	0	-90
SGC0044	9874.8	50030.1	944.6	28	0	-90
SGC0045	9858.2	50047.4	949.5	30	0	-90
SGC0046	9858.1	50045.9	949.3	30	270	-60
SGC0100	9780.0	50036.5	961.1	30	0	-90
SGC0101	9779.9	50043.6	960.8	30	0	-90
SGC0102	9786.1	50047.4	959.7	30	0	-90
SGC0103	9786.6	50040.2	960.0	30	0	-90
SGC0104	9791.8	50036.7	959.4	30	0	-90
SGC0105	9791.3	50043.3	959.1	30	0	-90
SGC0106	9798.2	50047.0	957.7	30	0	-90
SGC0107	9797.7	50040.0	958.2	30	0	-90
SGC0108	9804.0	50036.8	956.9	30	0	-90
SGC0109	9803.7	50043.6	956.8	30	0	-90
SGC0110	9810.4	50054.1	954.3	18	0	-90
SGC0111	9809.9	50047.0	955.7	30	0	-90
SGC0112	9809.8	50040.0	955.9	30	0	-90

top

Imwauna Drilling Intersects Grades to 44.5g/t gold & 86g/t silver over 1.4m - Press Release - 26 March 2007

PDF File (132K)

March 26th , 2007 - Vancouver, BC. New Guinea Gold (NGG) reports further drill results from its 100% owned Imwauna Project within the Normanby Property. All results above a cut-off of 0.5g/t gold are shown in the table below.

Intersections ranged from 1.4m at 44.5g/t gold and 86g/t silver within a 3.8m zone averaging 21.2g/t gold and 44g/t silver, to wider intervals of moderate grade such as 4.6m at 9.5g/t gold and 15g/t gold, to narrow low grade intervals such as 0.5m at 1.65g/t gold and 1g/t silver.

Of particular significance are the multiple intersections in hole IMD 094 of 4.6m at 0.5g/t gold and 15g/t silver between 9.1 and 13.7m downhole; 1.7m at 13.36g/t gold and 16g/t silver between 34.4 and 36.1m downhole, and 0.5m at 15.5g/t gold and 29g/t silver between 64.7 and 65.2m downhole. These multiple intersections suggest that some earlier holes were terminated prematurely and did not test the entire mineralised zone. Hole IMD 092 was terminated prematurely due to operational reasons and may not have fully tested the target zone. These results continue to add to our knowledge of the Imwauna mineralised zone. Overall the results are as expected with continued wide variations in grade and width along strike and to depth. Experience has now shown that even narrow intervals of high grade such as the 0.5m at 15.5g/t between 64.7 and 65.2m in IMD094; and 0.2m at 34.3g/t between 153.2 and 153.4m downhole in IMD087 are significant as these zones can rapidly increase in width along strike or to depth.

A second diamond core drill has now been mobilised to Normanby Island. After completing several holes at the adjacent Weioko prospect on the Sehulea Property this drill will move to Imwauna to increase the drilling capability at that project. In addition a new 14 tonne excavator has been mobilised to Imwauna to commence exploratory trenching outside and beyond the drilled area at Imwauna. Exploration such as soil geochemistry, CSAMT geophysics and aeromagnetics suggests that mineralisation is present over an area of 4km by 2km (see map on our web site at www.newguineagold.ca) and the area tested by drilling to date at Imwauna represents less than 10% of the potentially mineralised area at surface. The Imwauna system is as yet essentially unknown at depths of more than 100m.

Future drilling at Imwauna will focus on exploratory holes to test the system at depth and further along strike. These exploration holes will allow an inferred resource for the system to be estimated in addition to possible indicated and measured resources based on the detailed drilling completed to date.

Drill Hole Location Data

Hole No	North	East	Azimuth	Dip	EOH (m)	RL (m)
IMD086	8886611	288811	95	-50	180	548
IMD087	8886590	288824	100	-60	150	557
IMD091	8886652	288956	100	-60	70.6	529
IMD092	8887160	289150	100	-70	42.3	450
IMD094	8886921	289092	100	-70	120.2	482

Summary of Intersections above 0.5g/t gold

Hole No	From	To	Interval (m)	Gold g/t	Silver g/t
IMD087 Including:	150.3 153.2 168.0	153.4 153.4 168.5	3.1 0.2 0.5	5.23 34.3 1.65	7 46 1
IMD086	43.6	44.5	0.9	1.1	3
IMD091 including:	8.3 10.7	12.1 12.1	3.8 1.4	21.1 44.5	44 86
IMD092	34.9	35.8	0.9	6.45	22
IMD094 including:	9.1 9.1 34.4 64.7	13.7 9.6 36.1 65.2	4.6 0.5 1.7 0.5	9.5 28.6 13.4 15.5	15 27 16 29

True widths of intersections are estimated to be between 70 and 90% of the interval above.

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

top

New Guinea Gold Closes First Tranche of its 12 Million Unit Private Placement - 23 March 2007

PDF File (76K)

March 23th , 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG" or the "Company") announces that it has closed the first tranche of a private placement arranged through its agent, Bolder Investment Partners, Ltd. ("Bolder" or "The Agent") in an offer (the "Offer" or the "Offering"), of up to 12,000,000 units of the Company at $0.42 per unit (the "Units") to raise up to $5,040,000. The first tranche formally closed is for 10,112,500 Units for gross proceeds of $4,247,250.

Each Unit consists of one common share and one half of one non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.55 for a period of two years from the completion of the financing, subject to early expiry provisions as follows: Once resale restrictions on the Units have expired on July 24, 2007 and upon the Company's shares trading at or above a weighted average trading price of $0.90 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release).

Bolder will receive a cash commission of 7.5% of the gross proceeds raised, of which Bolder has elected to receive 144,690 units at an ascribed value of $0.42 per unit in partial payment. Bolder will receive Agent's Warrants (the "Agents Warrants") entitling the Agent to purchase up to such number of common shares of the Company as is equal to 10% of the number of Units sold through the Offering, for a period of two years from the date of the closing of the Offering. Each Agent's Warrant will be exercisable into one (1) common share of the Company at $0.55.

Bolder will also be paid a work fee of $5,000 plus GST. The Company is responsible for all reasonable expenses incurred in connection with the Offering, including the Agent's out-of-pocket expenses, and fees and disbursements of the Agent's legal counsel.

All securities issued in this private placement are subject to an expiry date of July 24, 2007.

Net proceeds of this financing will be used for working capital for the Sinivit project, to fund a second drill at the Imwauna project and for general corporate purposes.

On Behalf of the Board

Judith O'Quinn
CFO / Corporate Secretary

top

Development / Exploration Update - Press Release - 26 February 2007

PDF File (124K)

February 26th , 2007 - Vancouver, BC. New Guinea Gold Corporation (NGG) reports on development and exploration and wishes advise that Chariman, Bob McNeil will be available at the Prospectors and Developers Conference in Toronto on March 6 and 7 at booth number B2631.

Sinivit Project (92% NGG)

The project continues to progress towards commencement of processing and gold extraction. The initial vats will be filled in mid March with commissioning of the production circuit and gold production to commence in early April.

It is expected to take three months from commencement of commissioning to build up to achieve the projected annualised production rate of 35,000 ozs gold.

All major equipment is on site, key personnel are at site, all permits such as cyanide use, licensing of explosive magazine etc are in place and infrastructure and roads are essentially complete. The final shipment of key chemicals used in gold extraction is expected at site in early March 2007.

Grade control drilling is well advanced with excellent initial results from bulldozer trenching of the mineralised zone after stripping of surface waste (see Press Release dated 15th February 2007). Trench results included 13m at 13.59g/t gold (with a high 1m at 90g/t). This confirmed that gold previously intersected in drill holes extends to the present surface.

Exploration drilling to increase the total resource at Sinivit has commenced and will continue throughout 2007.

Imwauna Project (Normanby Property - 100% NGG)

Resource drilling continued throughout 2006 with 96 holes now completed in the present program (about 110 holes total). Ten holes are currently awaiting assay (some 1500 samples) and the first of these results should be available in the near future.

The extent and grade of Imwauna mineralisation continues to improve in some parts of the system.

New Guinea Gold had previously disclosed historical resource estimates for this project based on 15 drill holes. While management considers these earlier estimates important, investors are cautioned that historic resource estimates cannot be relied upon until they have been verified by a NI 43-101 compliant technical report.

92 holes have now intersected the potential mineralised zone. These 92 holes have 380m of intersections above 0.5g/t gold giving an average composite downhole intersection per drill hole of 4.13m at 8g/t gold and 15.4g/t silver. The strike length of system defined at surface and in drill hole is 1200m (still open ended) and the mineralisation is defined over a vertical extent of 300m. The above figures are indicative only of the possible grade in a potential open pit and any resources still need to be verified by a compliant NI 43-101 report.

An experienced resource geologist and project manager, Jack Drzymulski took up his appointment at Alotau (Provincial Capital of Milne Bay Province, PNG) at the beginning of January. Jack has been charged with providing data to the Independent Qualified Person such that a NI 43-101 compliant resource estimate can be provided by mid 2007.

The mineralised zone at Imwauna which has been drilled to date represents 10-15% of the potential mineralised area as defined by surface trenching, soil gold geochemistry and geophysical surveys.

Mt Penck (60% NGG)

Drilling continued at the Mt Penck Project throughout 2006 and defined widespread gold mineralisation at Kavola East. Typical intersections were 23m at 2.3g/t gold, 20m at 2.1g/t gold, 4m at 18.7g/t gold and 4m at 8.0g/t gold. The Kavola East system appears to be developing as a significant gold mineralised system at a grade of approximately 2g/t gold.

Recent trenching has defined two new prospects at Mt Penck named Peni Creek and Kavola South.

At Peni Creek, hand trenching defined high grade zones with best results of 3m at 180g/t gold within a 24m zone at 33.7g/t gold.

The drill rig at Mt Penck is being shipped to Feni for the Feni drill program. A new drill is being purchased and will arrive on site in several months. In the meantime further trenching will be carried out and an NI 43-101 resource estimate will be initiated.

Simuku Project (90% NGG - 10% S. Yeaman)

Drilling at the Simuku porphyry copper/ gold/ molybdenum project has confirmed the presence of significant molybdenum mineralisation. Two drill holes were completed (for complete results see Press Release dated 6th February 2007) with summary intersections as follows:

SMD014 - 19m, from surface to 19m downhole, at 0.32% molybdenum (3.2% copper equivalent), including 7m at 0.6% molybdenum (6.0% copper equivalent).
SMD014 - 59m from surface to 59m downhole at 1.4% copper equivalent.
SMD013 - 71m, from surface to 71m downhole, at 0.5% copper equivalent.

Copper equivalents are the combined value of copper, molybdenum and silver. They are important at Simuku as the project has credits in copper, molybdenum, gold and silver. Copper equivalents were calculated using current metal prices of US$2.50/lb for copper, US$25/lb for molybdenum and US$13.3/oz for silver. Gold is also a credit in parts of the Simuku system, but is not present in significant amounts in the present drill holes.

Drill holes SMD013 and SMD014 were drilled to 70.8m and 100.1m respectively to test a zone of molybdenum mineralisation defined in trench (73m at 0.17% molybdenum).

Further work at Simuku is pending subject to the Corporate restructuring below:

Yup River (50% NGG)

Rock chip and grid soil sampling located a 5 meter wide zone of bedrock mineralisation grading 2.47 g/t gold within a large gold soil anomaly at Dauri Prospect within the Yup River tenement.

The 5m wide rock chip anomaly is derived from a single 5m composite chip sample and represents the first significant bedrock gold mineralisation discovered in the Yup River tenement. The enclosing gold soil anomaly has rough dimensions of 1200m by 300-450m and is open to the northeast. Nearby subordinate soil anomalies are present adjacent to the main anomaly that together define a large gold-anomalous area that contains at least four targets for follow up pitting, trenching and drilling. Soil samples were collected by hand augering to depths of 0.5m to 1.0m at 25m spacing along lines spaced 100m apart. The soil anomaly locations are shown in the press release dated February 12th 2007.

The soil values are rather erratic reflecting the coarse, crystalline nature of the gold at Yup River. Several plus 1.0 g/t gold values in soil are present up to a peak of 6.46 g/t gold.

Feni Project (NGG residual interest 25% subject to sole funding by Vangold Resources)

Vangold Resources will fund a 2000m drilling program (about $600,000) at the Feni Project commencing March/April 2007 (see Press Release dated 5th February 2007).

Corporate Restructuring

NGG is involved in mineral exploration and development on 12 projects in Papua New Guinea. Restructuring, which involves "spinning off" two new public companies in order to permit a substantial increase in exploration) on projects in those companies. This will allow New Guinea Gold to focus on its core projects - Sinivit, Imwauna /Normanby and Weioko /Sehulea.

The spin off companies are expected to be PNG private company Kanon Resources Ltd (owned 50/50 by NGG and Vangold) and NGG's two porphyry copper / gold / molybdenum properties of Simuku (90%) and Mt Nakru (75%).

Work is proceeding on the spin-offs, including creating new companies, preparation of 43-101 compliant reports on all the properties, and getting regulatory approval for the structure. It is expected that the spin-off process will not be completed until the third quarter of 2007.

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.

top

Private Placement Increased to 12 Million Units for up to $5,040,000 - News Release - 22 February 2007

PDF File (68K)

February 22nd , 2007 - Vancouver, BC. New Guinea Gold Corporation (the"Company" or "NGG") announces that the Private Placement Offering Agreement (the "Offering") reported in NGG's Press Release dated February 21, 2007 has been amended. The Offering, by Bolder Investment Partners Ltd., will now consist of up to 12 Million Units of the Company (increased from up to 8 Million Units) at a price of $0.42.

All other terms and conditions of the Offering remain unchanged.

On Behalf of the Board

Judith O'Quinn
CFO / Corporate Secretary

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

For further information call Toll Free: 888 655 5532
Forbes West email: forbes@sherbournegroup.ca Tel: 604 662 3598
Judith O'Quinn email: ngg@telus.net

top

3m at 180g/t Gold (6 ozs) within 24m at 33.7g/t Gold in Trench at Mt Penck - News Release - 21 February 2007

PDF File (148K)

February 21st , 2007 - Vancouver, BC. Recent trenching at the Mt Penck Project in Papua New Guinea has confirmed two significant new gold mineralised zones at Upper Peni Creek and Kavola South. Upper Peni Creek is 300m west of Kavola East, where most of the 2006 drilling was concentrated, and Kavola South is 100m south of Kavola East. The trenches are hand dug trenches and were dug to gain some idea of the lateral extent of gold grades along strike. The trenches were dug approximately parallel to the strike of the high grade "core" of both zones.

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

Upper Peni Creek Zone

Separate trench intersections above 0.5g/t gold cutoff include:

24m at 33.7g/t gold, including 12m at 62.93g/t gold, including 3m at 180g/t gold
12m at 4.07g/t gold
33m at 1.73g/t gold
18m at 1.82g/t gold
12m at 0.88g/t gold

Check assays of some sample pulps have been carried out that confirm gold values. Additional checks of the sample preparation rejects are now in progress.

The above results indicate an average grade for all samples above 0.5g/t gold cutoff of 9.68g/t gold. The average grade for all samples is 8.66g/t gold.

Upper Peni Creek was initially discovered in 2005 by surface channel sampling of outcropping siliceous vein/breccia that returned historical assay results of 1m at 38.2g/t gold (see press release dated 18 November 2006). However, the result was not followed up at the time and the zone was not recognized as a new target until late 2006.

Two initial scout holes, MPD 036 and MPD 037, were drilled in late 2006, before the trench results were available. MPD036 intersected 4m at 5.71g/t gold from 22m to 26m downhole, including 1m at 13.3g/t gold, 120g/t silver and 0.17% copper. This hole was drilled below the historic chip sample of 1m at 38.2g/t gold. Hole MPD037 intersected four 1m to 2m intervals grading up to 2.85g/t gold and 24.3g/t silver to a depth of 68m downhole. All results above a 0.5g/t gold cut off are listed in the table below.

Kavola South Zone

Separate trench intersections above 0.5g/t gold cutoff include:

30m at 4.42g/t gold
48m at 4.01g/t gold
24m at 2.82g/t gold
12m at 1.49g/t gold

The nearest drill hole to the Kavola South Zone is MPD 038 located 160m to the east. This hole intersected 4m at 1.13g/t gold from 44m to 48m downhole.

Mr McNeil CEO of NGG commented: "These are exciting trench results and the 3m at 180g/t gold represents the highest grades ever encountered at Mt Penck. The Peni Creek and Kavola South Zones appear to be separate mineralised zones from Kavola East, and the grades in trench make these highly attractive drill targets. At this stage the lateral and strike extent of both zones are unknown but surface observations suggest the very high grade zones have restricted widths of approximately one metre".

Kavola East Zone

Final assay results from the 2007 drilling program have now been received for holes MPD 030, 034 and 035. Scattered intersections over 1m to 2m intervals are present in MPD 030 and 034 to depths of 132 metres downhole. The best intersection was 1m at 3.34g/t gold, 10.3g/t silver and 0.33% copper from 88m to 89m downhole in MPD 034. Hole MPD 035 was drilled to the west outside the main Kavola East Zone and confirms that the Kavola East mineralisation is probably terminated by a fault along it's western side.

It should be noted that only about 30% of the total geochemically anomalous area at Mt Penck has been tested by drilling. All drill results above a 0.5g/t gold cut off are listed in the following table:

Hole No

From

Interval (m)

Gold g/t

Upper Peni Creek
MPD 036	22	26	4	5.71
			(incl.1)	(13.3)
	30	32	2	0.76
	46	48	2	2.77

MPD 037	2	4	2	1.06
	27	29	2	1.64
	43	44	1	0.84
	66	68	2	2.85
Kavola East
MPD 030	19	21	2	0.99
	125	126	1	1.56
	130	132	2	1.01
MPD 034	58	60	2	1.08
	88	89	1	3.34
	114	115	1	3.34
	116	117	1	1.49
	124	126	2	2.80
MPD 038	42	44	2	0.66
	44	48	4	1.13

Mount Nakru Project

Assay results for three shallow holes at Mt Nakru, EL 1043, West New Britain Province, Papua New Guinea have now been received. NAK 010, 011 and 012 were drilled to a maximum depth of 76.5m downhole in late 2006 to test for near-surface gold mineralisation beneath a trench intersection of 55m grading 4.79g/t gold, including 15m at 16.01g/t gold (see press release dated March 27, 2006). Because of terrain limitations, the holes were collared 35 metres from the trench intersection and were designed to intersect the mineralised zone at depths of 30-50m. No zones above 0.5g/t gold were intersected in any of the holes.

Narrow 1m to 2m intersections of plus 0.1% copper were present in all three holes, up to 1m at 0.4% copper in NAK 010 at 73m downhole. The zone is now being re-assessed to attempt to explain the lack of gold in the drill holes.

The Mt Nakru Property is beneficially owned 75% New Guinea Gold and 25% Vangold Resources Ltd.

All samples are sawed, half core samples which are logged and photographed on site before sampling. Assaying was completed at accredited laboratory ALS-Chemex in Townsville, Australia.

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna) and Sehulea (Weioko).

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, Vice President, Exploration of New Guinea Gold Corporation. Mr Hutchison has an MSc in Geology, 28 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.

top

New Guinea Gold Signs Engagement Agreement to Raise up to $3,360,000 by Way of Private Placement - Press Release -19 February 2007

PDF File (72K)

February 19th , 2007 - Vancouver, BC. New Guinea Gold Corporation (" NGG" or the "Company") announces that it has engaged Bolder Investment Partners, Ltd. ("Bolder" or "The Agent") to offer (the "Offer" or the "Offering"), by way of Private Placement of up to 8,000,000 units of the Company at $0.42 per unit (the "Units") to raise up to $3,600,000.

Each Unit will consist of one common share and one half of one non-transferable common share purchase warrant (the "Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.55 for a period of two years from the completion of the financing, subject to early expiry provisions as follows: Once resale restrictions on the Units have expired and upon the Company's shares trading at or above a weighted average trading price of $0.90 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release).

The Units will be offered to buyers in British Columbia, Alberta, Ontario and certain offshore jurisdictions, conditional upon all compliance with applicable corporate and securities laws. All securities issued will be subject to a four month hold period.

Bolder will receive a cash commission of 7.5% of the gross proceeds raised, of which Bolder may elect to be paid up to half of this commission in Units payable from the gross proceeds of the Offer upon closing. Bolder will receive Agent's Warrants (the "Agents Warrants") entitling the Agent to purchase up to such number of common shares of the Company equal to 10% of the number of Units sold through the Offering, for a period of two years from the date of the closing of the Offering. Each Agent's Warrant will be exercisable into one (1) common share of the Company at $0.55.

Bolder will also be paid a work fee of $5,000 plus GST. The Company will be responsible for all reasonable expenses incurred in connection with the Offering, including the Agent's out-of-pocket expenses, and fees and disbursements of the Agent's legal counsel.

Net proceeds of this financing will be used for working capital for the Sinivit project, to fund a second drill at the Imwauna project and for general corporate purposes.

The completion of the financing is subject to the acceptance of the TSX Venture Exchange and compliance with applicable securities laws.

On Behalf of the Board

Judith O'Quinn
CFO / Corporate Secretary

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

top

13m at 13.5g/t Gold & 13.8m at 10.74g/t Gold (high of 1m at 90.2g/t Gold) in Trench at Sinivit - News Release - 15 February 2007

PDF File (144K)

Additional drill results from Imwauna and Mt Penck pending

February 15th , 2007 - Vancouver, BC. New Guinea Gold Corporation (NGG) has defined extensive high grade gold at surface in trenches at the Sinivit Project.

As an initial part of the grade control program at Sinivit, three bulldozed trenches totaling approximately 220m were constructed across the southern part of the southern oxide zone in late 2006. These trenches are each approximately 30m apart, and each encountered significant gold at surface with a high of 1m at 90.2g/t gold.

Results were as follows:

Trench No

From

Interval (m)

Gold

1 Including	13.4 15.2 58.1 91.9	27.2 16.2 60.9 94.9	13.8 1.0 2.8 3.0	10.74 90.2 1.0 1.7
2 Including	12 22 30 36 40 50 68.7	17 24 34 37 53 51 69.7	5 2 4 1 13 1 5	6.17 1.22 2.09 0.66 13.51 57.4 (60g/t silver) 0.97
3	0 53.4	42.8 56.4	42.8 3	2.80 0.71

The above intervals use a nominal 0.5%g/t gold cut off. True widths of intersections are not known.

Mr McNeil, CEO of NGG commented: "The results are significant in that they confirm wide intervals of moderate to high grade gold at surface that can be easily accessed during the start up phase of open pit mining. The trenches indicate good continuity in the gold mineralisation and that gold mineralisation previously intersected in drill holes extends to the surface"

Grade control drilling is continuing on a program basis with Reverse Circulation holes being completed on a semi-regular pattern to depths of 30m across the proposed southern oxide pit. Forty holes of a planned 100 hole program have been completed, samples partly prepared on site and dispatched to ALS Chemex Laboratory in Queensland Australia. Results should be available in approximately 3 weeks

Some mining has commenced on the basis of the above results and a complete update on Sinivit including scheduling to gold production is expected to be released by the end of February. Consultants are presently at the project site working with mine management to initiate plant and processing commissioning and finalise the schedule.

Further drill and trench results from the Mt Penck project have been recovered and are presently being assessed. Releases on these results and approximately 1,500 drill core samples from the Imwauna project will be filed in the next few weeks.

All trench samples at Sinivit are channel samples, partly prepared with initial crushing and splitting to 3kg samples at site, with further preparation and analysis at accredited laboratory ALS - Chemex in Townsville, Australia.

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko). Drilling will also commence at Feni 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.

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.

top

Significant Bedrock Gold Mineralisation Discovered within a Large Gold Soil Anomaly at Yup River - Press Release -12 February 2007

PDF File (228K)

February 12th , 2007 - Vancouver, BC. Rock chip and grid soil sampling has located a 5 meter wide zone of bedrock mineralisation grading 2.47 g/t gold within a large gold soil anomaly at Dauri Prospect within the Yup River tenement, EL 1329, West Sepik Province, Papua New Guinea. EL 1329 is owned by Kanon Resources Limited which in turn is owned 50% by New Guinea Gold Corporation (NGG) and 50% by Vangold Resources Limited. NGG and Vangold have previously announced their intention to spin off Kanon into a separate, listed company.

The 5m wide rock chip anomaly is derived from a single 5m composite chip sample and represents the first significant bedrock gold mineralisation discovered in the Yup River tenement. The enclosing gold soil anomaly has rough dimensions of 1200m by 300-450m and is open to the northeast. Nearby subordinate soil anomalies are present adjacent to the main anomaly that together define a large gold-anomalous area that contains at least four targets for follow up pitting, trenching and drilling. Soil samples were collected by hand augering to depths of 0.5m to 1.0m at 25m spacing along lines spaced 100m apart. The soil anomaly locations are shown in the attached Figure 1.

The soil values are rather erratic reflecting the coarse, crystalline nature of the gold at Yup River. Several plus 1.0 g/t gold values in soil are present up to a peak of 6.46 g/t gold. The bedrock mineralized zone is hosted by strongly sericitised, quartz-sulphide veined, phyllite and schist of the Ambunti Metamorphics. Similar altered rocks are exposed intermittently over a wide area within the gold anomalous zone. The geology and style of alteration and veining at Dauri has some similarities to the high grade, vein, gold deposit at Kainantu in the Eastern Highlands Province of Papua New Guinea. Alluvial and eluvial gold concentrations are also present over a wide area and are being worked by local miners at numerous locations at Dauri Prospect.

The Yup River tenement is located within the Amanab "goldfield" which has been mined on a small scale by local miners intermittently for 60 years. Alluvial gold occurrences are known over a large area shedding from metamorphic and intrusive basement rocks. Historical results from work carried out by previous explorers have defined three large target areas of alluvial gold concentration. These are Yumoro-Akraminag where Carpenter Pacific Resources NL reported gold shedding from a 6km long ridge and stream sediment gold values of up to 77.5 g/t gold; Yup River where stream sediment and soil sampling has defined several gold anomalies distributed over a 15km long zone with historical stream sediment values of up to 106g/t gold; and Merewe-Biaka, which includes Dauri Prospect, where gold anomalous areas are distributed over a 7km long zone. All three areas are located within EL 1329. Stream sediment gold values reflect gold concentrations in creek sediments and are not indicative of potential bedrock grades. In most cases the stream sediment anomalies have not yet been followed up to locate their bedrock source. Banka drilling has previously been carried out at Amanab to test alluvial gold concentrations but no drilling to test bedrock gold mineralisation has been undertaken.

Mr. Bob McNeil, CEO of New Guinea Gold (NGG) stated: "The recent results from Yup River confirm our belief that EL 1329 covers a possible new gold province in Papua New Guinea that, because of it's relatively remote location, has not previously been explored in detail for bedrock gold mineralisation."

Fieldwork will resume at Yup River in the latter part of 2007 after the proposed spin off of Kanon Resources Limited has been completed.

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 S. Hutchison, Vice President, Exploration of New Guinea Gold Corporation. Mr Hutchison has an MSc in Geology, 28 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

Kanon Geochem

top

High Grade Molybdenum - 7m at 0.6% Molybdenum - in Drill Hole at Simuku - News Release -6 February 2007

PDF File (380K)

February 6th, 2007 - Vancouver, BC. New Guinea Gold Corporation (NGG) advise that encouraging molybdenum mineralisation was intersected in two drill holes at the Simuku porphyry copper/gold/molybdenum property in West New Britain, Papua New Guinea.

Summary intersection results were:

SMD014 - 19m, from surface to 19m downhole, at 0.32% molybdenum (3.3% copper equivalent), including 7m at 0.6% molybdenum.
SMD014 - 59m from surface to 59m downhole at 1.4% copper equivalent.
SMD013 - 71m, from surface to 71m downhole, at 0.5% copper equivalent.

Note: The complete assay results above cut offs of 1000ppm copper or 100ppm molybdenum are given in the table below.

Copper equivalents are the combined value of copper, molybdenum and silver. They are important at Simuku as the project has credits in copper, molybdenum, gold and silver. Copper equivalents were calculated using current metal prices of US$2.50/lb for copper, US$25/lb for molybdenum and US$13.3/oz for silver. Gold is also a credit in parts of the Simuku system, but is not present in significant amounts in the present drill holes.

Drill holes SMD013 and SMD014 were drilled to 70.8m and 100.1m respectively to test a zone of molybdenum mineralisation defined in trench (73m at 0.17% molybdenum).

Figure 1 shows the drill hole locations and anomalous molybdenum in trench channel samples in the vicinity of the drill holes. The anomalous molybdenum in trench suggests that there is potential to expand the molybdenum mineralisation in drill holes SMD013 and SMD014. Figure 2 shows the relative position of holes SMD013 and SMD014 in respect to the Simuku porphyry copper system, bulldozer trenching and previous drill holes. The trenching on Figure 2 partly defines the extent of the porphyry copper mineralisation, but mineralisation is known to extend further to the north and in some places to the east and west of the trenching.

Bob McNeil CEO and President of NGG commented: " These molybdenum results confirm our belief that the Simuku porphyry copper/gold/molybdenum system has a significant molybdenum credit, or even possibly viable molybdenum mineralisation in certain parts of the system. The Simuku mineralisation has been defined over a length of 5kms and a width, (in parts) in excess of 2kms, by some 23kms of bulldozer trenching and geological mapping. Some parts of the system have copper/gold mineralisation with minor molybdenum (up to 100ppm) and other parts, such as the area of the present drilling, are molybdenum/copper rich. Previous drilling in the northern part of the system gave intersections of 0.5% to 0.7% copper plus 0.1g/t gold.

The potential volume of copper/gold/molybdenum mineralisation is large and the next phase of exploration is expected to be a substantial drilling program to define an inferred resource and move to a preliminary assessment as soon as possible. To achieve this objective the NGG Board plans to "spin off" this project (and its equity in the Mt Nakru property) as a separate company to raise the necessary funds and complete the above drilling program. Details of the "spin off" are still being determined but at this point it would appear that NGG would retain a 50% interest in the new company. This is an exciting development for NGG as the retained equity of a major copper/gold/molybdenum system (if proven) would be a major asset for the Company."

Background

An independent NI 43-101 Report was completed and lodged on Sedar in April 2006 and reported in a Press Release dated April 5, 2006.

The Simuku project can be briefly summarised as follows:

The Simuku system was discovered by Exxon Minerals (Esso) in the early 1980's and has had more or less continuous, although erratic exploration for the past 20 years. The property was acquired by NGG in 2002 although it did have an earlier joint venture on the property. Extensive and complete surface exploration has included airborne magnetic and radiometric surveys, geological surveys, geochemical surveys, ground geophysical surveys, trenching and drilling.

More than 23 kilometres of bulldozer/excavator trenching and 14 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 molybdenum target area recently drilled appears to represent the central part of the larger Simuku porphyry which has a potassic core and halo of magnetic destruction.

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. These are shown in previous releases, at www.newguineagold.ca and on the accompanying plans and table. The copper trench 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 were:
- 41m at 0.64% copper
- 63m at 0.52% copper
- 36m at 0.70% copper
- 150m at 0.35% copper

Some of the better trench /chip sample results from the current and historic trenching were:
- 200m at 0.7% copper
- 73m at 0.17% molybdenum
- 6 m at 0.34% molybdenum
- 70m at 0.4% copper
- 14m at 1.03% copper
- 27m at 0.76% copper
- 15m at 0.58g/t gold
- 24m at 0.5g/t gold

There are more than 200 separate trench intersections of copper, gold and molybdenum mineralisation above cut off grades of 1000ppm, 0.05g/t gold and 100ppm molybdenum respectively. Most of the intervening intervals between the listed intersections contained anomalous copper in the range of 0.05% to 0.1% copper.

Simuku is prospective for the following types of mineral deposits:

(i) Porphyry-style copper-gold-molybdenum deposits associated with quartz feldspar porphyry and quartz microdiorite to monzonite intrusions.

(ii) High grade/low tonnage molybdenum deposits in linear, fissure-controlled breccia zones. The Boss Mountain molybdenum deposit in B.C., Canada is an example of this type of deposit. The main target is the Misili Molybdenum Prospect.

(iii) Stockwork porphyry molybdenum deposits associated with felsic intrusives. Examples include Alice Arm, Berg and Endako in Canada. An interpreted intrusive body at Misili, believed to be genetically linked to the fissure breccia molybdenum prospects, may be prospective for stockwork molybdenum mineralization.

(iv) There is also some potential for the discovery of gold deposits peripheral to the main copper-molybdenum system.

Drill Hole Results - Holes SMD013 and SMD014

Intersections using either a cut-off of 0.1% (1000 ppm) copper or 100ppm molybdenum

Hole No	From	To	Interval (m)	Copper	Molybdenum	Copper Equivalent %
SMD013	0	5	5	225 ppm	775 ppm	0.78
	13	53	40	0.20%	261 ppm	0.43
	54	70.8	16.8	0.16%	410 ppm	0.54
SMDO14	0	19	19	0.10%	0.32%	3.3
	21	22	1	0.26%	41 ppm	0.26
	23	59	36	0.34%	199 ppm	0.53
	60	62	2	0.15%	370 ppm	0.52
	63	64	1	468 ppm	287 ppm	0.14
	76	85	9	0.29%	209 ppm	0.50
	93	94	1	0.29%	41 ppm	-
	96	100.1	4.1	0.21%	119 ppm	0.28

Intersections at a cut off of 0.1% Copper Intersections at a cut off of 100ppm molybdenum

Hole No	From	To	Interval (m)	Copper (%)	From	To	Interval (m)	Molybdenum (%)
SMDO13 SMD013	15 17 25 28 38 44 50 55 58 60 63 65	16 24 27 35 39 49 53 57 59 61 64 70.8	1 7 2 7 1 5 3 2 1 1 1 5.8	0.64 0.35 0.38 0.23 0.18 0.23 0.18 0.19 0.11 0.13 0.16 0.26	14 23 35 54	20 33 50 70.8	7 10 15 16.8	0.073 0.031 0.028 0.041

SMDO14

9
16
21
23
27
32
54
60
77
93
97

14
19
22
26
53
38
59
62
85
94
101.1

5
3
1
3
26
incl. 6
5
2
8
1
3.1

0.22
0.19
0.26
0.25
0.36
0.51
0.40
0.15
0.31
0.29
0.25

0

25
32
43
46
48
60
63
66
70
79
96
99

19

30
42
44
47
59
62
64
70
78
85
98
101.1

19
incl. 14m
5
10
1
1
11
2
1
4
2
6
2
1.1

0.32
0.42
0.024
0.019
0.013
0.020
0.032
0.037
0.014
0.029
0.034
0.018
0.012
0.014

True widths of intersections are not known

All drill core is logged, photographed and split on site with preparation and assaying carried out at accredited laboratory ALS Chemex in Townsville Australia. The molybdenum is by pressed powder XRF.

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko).

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.

Simuku Drilling

Simuku Trench

top

J/V Agreement Extended Drill Program to Commence at Feni Islands - News Release - 5 February 2007

PDF File (156K)

February 5th , 2007 - Vancouver, BC. New Guinea Gold Corporation (NGG) announces that it has agreed to an extension to June 30, 2008 for Vangold Resources Ltd to spend a further $1.26M on exploration to earn a further 25% in the Feni Islands Project (EL1021). Of this amount, the partners have agreed that $600,000 shall be spent by September 1, 2007 on a diamond drill program. Vangold will also issue 200,000 common shares to NGG. Vangold and NGG currently each own 50% of the project.

On January 19, 2007, the partners reported that a 1500 to 2000 metre diamond drill program to test new targets at the Feni Project is scheduled to commence during the first quarter of 2007. In a news release dated November 7, 2006, Dr. David Lindley, formerly VP Exploration for NGG and Vangold, recommended drill testing of a 3 sq km area of the Feni gold system which has not yet been drilled. It is planned to mobilize a drill owned by Kanon Resources Ltd (owned 50%NGG and 50% Vangold) plus ancillary equipment to Ambitle Island as soon as staff and transportation are available.

Background

Peter A. Christopher, PhD, P.Eng. in an independent NI 43-101 technical report dated 1st October 2002, described the Feni property as follows:

"Feni property consists of two separate areas on adjacent Ambitle and Babase Islands in the Feni-Tabar chain of islands in the New Ireland Province of Papua New Guinea.

These two islands which are within a chain of alkaline volcanic islands that contain a significant gold deposit on Tabar Island and a world-class gold deposit on Lihir Island. The Feni property is mainly a target for hot spring gold deposits (like Lihir) or a deeper "high-grade" multi-vein deposit (like Tolekuma on the main island of Papua New Guinea). It also has potential for very high-grade structurally controlled mineralisation like Hishikari in Japan and indications of a porphyry copper-gold system occur in some drill holes. Previous exploration of the Feni property has identified over 30 separate gold anomalies and occurrences. Soil geochemistry for gold, mercury, arsenic and copper has been obtained for a 9km² zone that includes the Kabang and Dome prospects.

Ambitle Island (the primary target) has at its center an eroded caldera. Numerous active thermal areas are aligned along young faults and caldera ring fracture zones. Older counterparts of the active geothermal areas have been the main exploration targets. The eroded caldera is cut by the NNW trending Matampasel Fault. The Matampasel Fault flanks the NNW trending Niffin Graben. Movement on NNW structures resulted in graben cross structures. Polymectic, angular clast, altered volcanic breccia bodies occur along the Natong structure. Silicified clasts from the breccias are reported to have gold values up to 75g/t Au".

Past drilling, including drilling by the J/V partners has encountered widespread gold in geologically similar environments to the Lihir deposit with gold values in the order of 0.5g/t gold to 10g/t gold.

Some of the previous holes had intersections as follows: (locations are shown in Christopher's report):

Hole No	From	To	Interval (m)	Gold g/t	Copper %
AMD002 AMD006 including KAD002 including MAD001 Including including	0 44 44 46 92 68 68 98	114 85 64 122 108 257 120 120	114 41 20 76 16 189 52 22	1.12 1.84 2.13 1.69 2.56 1.1 1.65 2.18	0.19 0.02 0.02 - - - - -

True widths of intersections are not known.

CEO and President of NGG Bob McNeil commented: "Gold mineralisation has now been confirmed by drilling over several square kilometers of the 16 sq km caldera. Large volumes of 1 to 2g/t gold are suggested by the drill results and the proposed drill program will focus on exploring for possible higher grade gold feeder zones which, if encountered, could result in a substantial increase in average gold grades. Dr. D. Lindley in a Press Release dated November 7, 2006 noted that a three sq km core of the caldera on "crater" has widespread alluvial gold in creeks that dissect that area, but has not yet been tested by drilling. This area has a thin cover of volcanic ash and trachytic lavas which are younger than the gold mineralisation and which could obscure potentially gold mineralised bedrock (as suggested by the stream gold geochemistry). This area is now targeted for drill testing. Dr Lindley also noted that the Lihir deposit which contains resources of more than 42M ozs gold is confined to a two sq.km area and about 50% (by area) of the rock within this zone is unmineralised or weakly mineralised. The area on Feni to be drilled is sufficient to contain one or more of the component ore bodies that make up the Lihir deposit.

This will be an exciting program which will extend into the second half of 2007. Initial drill results are not expected before May 2007, largely because of assay laboratory delays".

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko).

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.

top

7m at 2.95g/t Gold in Hole MPD033 at Mt Penck - Press Release -19 January 2007

PDF File (132K)

January 19th, 2007 - Vancouver, BC. Several further gold intersections are present in the latest drill results from Mt Penck Project in Papua New Guinea. Hole MPD053 intersected 7m at 2.95g/t between 3m to 10m downhole. Hole MPD028 intersected 5m at 2.26g/t gold between 47 to 52m downhole and 24 to 30m downhole respectively. All results above an 0.5g/t cut off are listed in the table below.

Mr. Bob McNeil, CEO of New Guinea Gold (NGG) stated: the results of these three holes are regarded as significant, add to the knowledge of the Kavola East Zone and extend the known gold mineralisation at Kavola East further to the north. Results from a further 6 holes completed in 2006 are still pending, but are not expected now until mid February, due to long delays at commercial assay laboratories. Most of the remaining holes have targeted gold mineralisation beyond the Kavola East zone, and if successful, would indicate additional bodies of gold mineralisation within the Mt Penck Project.

Drilling will resume in approximately one week, and the initial program for 2007 will be deeper holes to target depth extension of known mineralisation. Most holes to date have targeted mineralisation at less than 80m depth."

The Mt Penck project is beneficially owned 60% NGG and 40% Vangold Resources Ltd.

Hole No	From	To	Interval (m)	Gold g/t
MPD028	19 24 36 47 61	20 30 38 52 62	1 6 2 5 1	1.21 1.43 0.60 2.26 1.83
MPD031	67 70	68 71	1 1	1.20 1.01
MPD033	0 3 24 80	1 10 26 84	1 7 2 4	0.60 2.95 0.66 0.85

True widths of intersections are not known. The interval from surface to 3m in hole MPD033 averaged 0.46g/t gold. Hole locations are shown in the Press Release dated 3 January, 2007.

All samples are sawed, half core samples which are logged and photographed on site before sampling. Assaying was completed at accredited laboratory ALS-Chemex in Townsville, Australia.

NGG is developing the Sinivit Property (see NI 43-101 Report dated 30th January 2006). In addition to the drilling program at Mt Penck, NGG has drilling programs in place to define additional resources at its Sinivit project and NI 43-101 resources at the Company's Imwauna Projects. Results from nine holes at Imwauna are pending but will not be available until mid February. The initial surface trench grade control results from Sinivit should be released in approximately 2 weeks. Exploration drilling programs have been completed at Simuku to test the depth potential of a surface trench that encountered 73m at 0.17% molybdenum, and at Mt Nakru to test a gold in trench intersection of 21m at 7.26g/t gold. The Simuku results will be available in the near future but the Mt Nakru results are not expected until mid February.

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.

top

Three Drill Holes Completed at Mt Nakru to Test Near-Surface Gold Mineralisation - Press Release -3 January 2007

PDF File (116K)

January 3rd, 2007 - Vancouver, BC. A three-hole drilling program at Mt Nakru Project (EL 1043, West New Britain Province, Papua New Guinea) was completed in late December 2006. The holes, NAK010 to NAK012, were all drilled from the same pad to test the lateral and depth continuity of near-surface gold mineralisation exposed in Trench 2 at Nakru 1 Prospect. A total of 212.6 metres were drilled to a maximum vertical depth of about 70 metres.

Trench 2 was dug by bulldozer in late 2005 and exposed quartz-pyrite veined, strongly silicified, hydrothermal breccias that returned assay results of 21m at 7.26g/t gold, including 6m at 23.2g/t gold (not true widths). The mineralisation is associated with a northeast trending, sub-vertical fault structure.

The holes were drilled on azimuths of 260 and 300 degrees inclined at -45 degrees or -60 degrees. All three drill holes intersected strongly silicified, pyritic, hydrothermal breccias, which are locally strongly fractured and sheared, and are also locally quartz-pyrite veined. The silicified breccias have been intersected over widths of up to 40 metres and depths of up to 70 metres.

The mineralized breccias in Trench 2 are located some 560 metres northeast of historical trenches that had channel sample intersections of 51m at 2.2g/t gold and 45m at 2.5g/t gold and holes NAK001, NAK002 and NAK003, which intersected near-surface gold mineralisation and returned historical assay results of 5.6m at 1.9g/t gold, 0.12% copper (NAK001, 0-5.6m); 6.0m at 1.2g/t gold (NAK002, 0-6m) and 6.5m at 1.33g/t gold, 0.14% copper (NAK003, 0-6.5m).

The core has been split and samples bagged ready for shipment. Assay results are not expected to be received until February 2007.

The Mt Nakru property is beneficially owned 75% New Guinea Gold and 25% Vangold Resources.

All samples are sawed, half core samples which are logged and photographed on site before sampling. Assaying was completed at accredited laboratory ALS-Chemex in Townsville, Australia.

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko).

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.

top

4m at 3.6g/t Gold & 7m at 2.07g/t Gold in Hole MPD26 at Mt Penck - Press Release - 2 January 2007

PDF File (228K)

January 2nd, 2007 - Vancouver, BC. The results from the latest drill core assays from Mt Penck using cut offs of 0.5g/t gold and 10g/t silver, include:

7m at 2.07g/t gold in MPD 026 (74-81m)
4m at 3.68g/t gold, including 1m @ 7.43g/t gold in MPD 026 (9-13m)
2m at 3.2g/t gold, 11g/t silver in MPD 032 (8-10m)
1m at 4.50g/t gold, 61g/t silver in MPD 024 (0-1m)
6m at 0.91g/t gold, 12 g/t silver in MPD 029 (90-96m)

The hole locations are shown, with gold soil geochemistry, on the accompanying plan. All assay results above cut off are listed in the following table.

Hole No	From	To	Interval (m)	Gold g/t	Silver g/t
MPD024 MPD025 MPD026 MPD029 MPD032	0 2 29 49 52 66 128 0 13 17 21 94 98 4 6 9 74 92 98 13 90 8 14 34	1 3 30 51 54 68 130 3 14 18 22 96 99 5 7 13 81 94 100 14 96 10 16 36	1 1 1 2 2 2 2 3 1 1 1 2 1 1 1 4 7 2 2 1 6 2 2 2	4.50 0.64 2.21 1.40 1.05 1.72 1.52 1.41 0.54 0.79 0.79 1.42 0.59 1.82 1.79 3.68 2.07 0.52 1.29 3.33 0.91 3.32 1.32 1.08	61 14 12 11

True widths of intersections are not known.

The latest results continue to show that gold mineralisation is widespread at Mt Penck and resource definition drilling is expected to continue throughout 2007. The partners are investigating means to substantially increase the drilling rate in 2007.

It is important to note that the drilling to date has tested only about 30% of the known gold anomalous area at Mt Penck, which totals about 2 square kilometers, and of the 30% tested much infill drilling remains to be completed.

Mr McNeil stated: "that given the number of drill holes completed to date, management now believe that the construction of an NI 43-101 compliant resource model incorporating the drill holes completed during 2006 can commence towards the end of the first quarter 2007 following receipt of assays from ALS Chemex in Brisbane, Australia. However the resource estimate will be an interim estimate as 70% of the prospective area remains to be tested."

The new zone of gold mineralisation discovered at Peni Creek, about 700m west of the Kavola East zone, which was reported in the release dated 14 November 2006, has been mapped and channel sampled. These samples are now in Kimbe awaiting dispatch to the laboratory.

The 2006 drilling program at Mt Penck (EL1322, West New Britain Province, Papua New Guinea) was completed on 15 December 2006. The Mt Penck property is beneficially owned 60% by New Guinea Gold and 40% by Vangold Resources. The rig was demobilized for the Christmas-New Year break and drilling will not resume until late January as all field crews will be taking field break and annual leave. In early January the current field camp, now too small for an advanced project, will be pulled down and a new, larger camp will be built in a more accessible location closer to the coast.

Since drilling commenced in March 2006, 29 holes, MPD010 to MPD038, have been completed for a total meterage of 3376.7 metres. The deepest hole was MPD 012 at 199.5 metres (downhole).

Due to laboratory congestion, assay results have been received only for holes up to MPD 027, plus MPD 029 and MPD 032. Samples from the remaining holes (Holes MPD028, MPD030, MPD031, MPD033 to MPD038) have either been dispatched to the laboratory or are in Kimbe awaiting dispatch. 120 samples are now at the laboratory in Townsville and are expected in mid January, but final assay results for all holes are not expected to be received until February 2007.

Highlights of the drilling up to hole MPD 023 have been reported in earlier releases dated 6 September 2006 and 11 October 2006.

All samples are sawed, half core samples which are logged and photographed on site before sampling. Assaying was completed at accredited laboratory ALS-Chemex in Townsville, Australia.

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 2007 to define gold resources at other key gold properties, Normanby (Imwauna), Mt Penck, and Sehulea (Weioko).

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.

Mt Penck Drillholes

top

announcements - 2007

2007