New Guinea Gold Corporation

New Guinea Gold Corporation

September 08, 2011 09:44 ET

New Guinea Gold Announces Extension of Contract for Acting CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) ("New Guinea Gold" or the "Company") is pleased to announce the extension of Mr. Greg Heaney's contract as Acting Chief Executive Officer ("CEO") effective September 2, 2011. Mr. Heaney brings over 28 years of experience in senior level financial and management roles from the mining industry and management-consulting sector. He has extensive experience in finance, mergers and acquisitions, investor relations and public reporting. He has had mining industry specific experience with a major engineering consulting and contracting firm.

Mr. Ces Iewago, Chairman of the Board, commented; "Mr. Heaney has made a very productive start and we are pleased to have secured his ongoing services for an additional six months in the CEO role. We look forward to his continuing positive impact on the Company and the stability it is engendering."

About New Guinea Gold Corporation

New Guinea Gold is a premier junior explorer and miner in Papua New Guinea, with direct and indirect interests in eight gold and two porphyry copper-gold-molybdenum properties. With 90,000 + meters of drilling completed, gold or copper-gold-molybdenum mineralization has been discovered on all of the properties. The Company's premier property, the Sinivit Mine, has been producing gold since August 2007 and the Company is focused on expanding the exploration program, increasing production from the mine and developing the gold, copper and tellurium resources.

For further information on this release or other New Guinea Gold projects such as the Sinivit gold mine, please contact or access our website:


Ces Iewago, Chairman

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of New Guinea Gold, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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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