New Guinea Gold Corporation

New Guinea Gold Corporation

September 14, 2007 09:30 ET

New Guinea Gold Corporation: 20% Increase in Gold Content of Sinivit Gold Dore as Confirmed by Assay

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2007) - New Guinea Gold Corporation ("NGG" or the "Company") (TSX VENTURE:NGG) 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."

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.

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.



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.

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

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