New Guinea Gold Corporation
TSX VENTURE : NGG
FRANKFURT : NG8

New Guinea Gold Corporation

June 18, 2009 13:02 ET

New Guinea Gold Corporation: Further Excellent Drill Results From Weioko With High of 1.8m at 51.5g/t Gold and 140 g/t Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2009) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) -

Results from a further six diamond core holes at the Weioko Project (Sehulea Property - 100% owned by New Guinea Gold Corporation) (NGG), all show significant gold with wide intervals above 1g/t gold such as:



PWED42 - 48m at 1.95g/t gold and 6.12g/t silver
PWED43 - 42.3m at 1.74g/t gold and 7.76g/t silver
PWED47 - 64.6m at 2.24g/t gold and 8.88g/t silver


Mineralisation commences at or near surface and includes some high grade intervals such as 1.8m at 51.50g/t gold and 140g/t silver in hole PWED47 from 3.1m depth.

Bob McNeil, CEO and Chairman commented: "these results and the recently released results for the 60% owned Mt Penck property illustrate the significant value and potential of exploration / development projects within the NGG portfolio, in addition to the present and future gold production from the Company's Sinivit Mine.

NGG is not simply a one mine company, but has a large exploration development portfolio. Over 90,000m of drilling has now been completed on these projects and all projects have defined gold and / or gold/ copper / molybdenum mineralisation. We expect to be able to release resource estimates for the Weioko and Mt Penck projects by year end".

The Weioko Gold Project is a key NGG gold project, has been partly explored to date, but the drilled mineralisation represents less than 5% of the known gold in soil anomalous area (see Press Release dated March 30, 2009).

NGG has now completed a modest 15 diamond core drill program. The results of these holes, when included with results from 20 RC holes and 23 diamond core holes already completed, should be sufficient to allow a resource estimation to be completed in accordance with the guidelines of NI 43-101. The results of all previous holes, using a 0.2g/t gold cut off are shown in Table 1 of the Press Release dated March 30, 2009.

Previous surveys have included soil geochemistry, rock chip, side looking radar and Induced Polarisation (IP) geophysical surveys. Geochemical soil anomalism covers an area of 6 kms by 2 kms. Only a very small part of this anomalous area has been tested by either drilling or trenching.



DRILL ASSAY RESULTS - WEIOKO
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Cut off
From To Length Gold Silver grade
Hole No. (m) (m) (m) (g/t) (g/t) (gold g/t)
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PWED 42 1.4 48 46.6 1.95 6.12 0.2
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including 8 40.5 32.5 2.52 5.79 1.0
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including 28 29 1 15.90 24.70 15.0
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PWED 43 2.2 44.5 42.3 1.74 7.76 0.2
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including 8.2 29.5 21.3 2.66 11.30 1.0
---------------------------------------------------------------------------
including 20 21.2 1.2 10.75 23.90 10.0
---------------------------------------------------------------------------
PWED 44 0 48 48 1.15 5.91 0.2
---------------------------------------------------------------------------
including 7 10 3 2.06 12.23 1.0
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including 25.3 32.5 7.2 2.14 7.59 1.0
---------------------------------------------------------------------------
PWED 45 2.9 66.2 63.3 0.63 4.31 0.2
---------------------------------------------------------------------------
including 10.5 24.3 13.8 1.01 6.37 0.5
---------------------------------------------------------------------------
PWED 46 0 48 48 1.40 5.16 0.2
---------------------------------------------------------------------------
including 21 29.3 8.3 4.67 9.86 1.0
---------------------------------------------------------------------------
including 26 27.5 1.5 15.60 26.40 15.0
---------------------------------------------------------------------------
PWED 47 0 64.6 64.6 2.24 8.88 0.5
---------------------------------------------------------------------------
including 3.1 6 2.9 33.93 98.96 5.0
---------------------------------------------------------------------------
including 3.1 4.9 1.8 57.50 140.0 51.0
---------------------------------------------------------------------------

HOLE LOCATION DATA
------------------

---------------------------------------------------------------------
Collar Co-Ordinates
------------------- Hole
Easting Northing Azimuth Inclination Depth
Hole No. (m) (m) (degrees) (degrees) (m)
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PWED 42 297589 8895399 155 degrees -45 48
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PWED 43 297589 8895399 155 degrees -60 64.7
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PWED 44 297589 8895399 180 degrees -45 48
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PWED 45 297589 8895399 180 degrees -60 66.2
---------------------------------------------------------------------
PWED 46 297589 8895400 208 degrees -45 48
---------------------------------------------------------------------
PWED 47 297589 8895399 208 degrees -60 64.7
---------------------------------------------------------------------


Drill core is logged and split (all by saw) on site with half core being dispatched to, and assayed by accredited laboratory ALS-Chemex in Townsville, Australia. In house and laboratory standards are used for quality control plus regular check sample assaying.

The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australia Institute of Mines and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein.

For further information on this release or on other NGG projects such as the Sinivit Gold Mine, 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 or access our website - www.newguineagold.ca

ON BEHALF OF THE BOARD

R.D.McNeil, CHAIRMAN & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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