New Gold Inc.
TSX : NGD
AMEX : NGD

New Gold Inc.

August 16, 2007 16:34 ET

New Gold Inc.-Conference Call Scheduled for August 17th, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2007) - New Gold Inc. (TSX:NGD)(AMEX:NGD) will host a conference call at 8.45am (EST) on Friday August 17, 2007.

The purpose of the call is to update investors on the status of the Company's cash balance, and the progress being made towards developing the New Afton Project into a new underground mine.

To participate in the conference call, please dial one of the following numbers:

Toll-Free 866 542 4238

Toronto 416 641 6127

A replay will be available until August 24, 2007 by dialing 416 695 5800 or 800 408 3053 and pass code #3231962.

Certain of the statements made and information contained herein is "forward- looking information" within the meaning of the Securities Act (Ontario) and Securities Act (Alberta) or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper and gold, that the Company will receive required permits and access to surface rights, that the Company can access the total required financing, appropriate equipment and sufficient labour and that the political environment within British Columbia and Canada will continue to support the development of environmentally safe mining projects so that the Company will be able to complete the development of the New Afton project. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

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