New Guinea Gold Corporation
TSX VENTURE : NGG
FRANKFURT : NG8

New Guinea Gold Corporation

December 15, 2010 09:58 ET

New Guinea Gold Appoints New Chairman

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - New Guinea Gold Corporation ("NGG" or the "Company") (TSX VENTURE:NGG)(FRANKFURT:NG8) announces that Mr. Ces Iewago has been appointed as the Non-Executive Chairman of the Board.

Mr. Iewago has served as a non-executive director of NGG since December 2005. He is a citizen of Papua New Guinea with extensive experience in the country's financial industry and its state-owned corporations. He was Managing Director of the Public Officers Superannuation Fund, Country Director and General Manager of Merrill Lynch in Papua New Guinea and Deputy Managing Director of the country's first merchant bank, Resources & Investment Finance Ltd.

Mr. Iewago holds an MBA and BA Commerce and is a Fellow of the Australian Institute of Company Directors. 

The Board believes that the appointment of Mr. Iewago is an important step in the future development of NGG. The first priorities will be the ongoing implementation of processing improvements at the Company's Sinivit mine and assessments of further opportunities for enhancement of the Sinivit assets.

ON BEHALF OF THE BOARD

Maurice Gannon, President/Acting 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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