New Guinea Gold Corporation
TSX VENTURE : NGG
FRANKFURT : NG8

New Guinea Gold Corporation

May 27, 2009 11:08 ET

New Guinea Gold Corporation: Drilling in Central Oxide Zone, Sinivit, Papua New Guinea, Gives Results to 4m at 57.30g/t Gold

TORONTO, ONTARIO--(Marketwire - May 27, 2009) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) -

Mineralisation definition drilling in the Central Oxide Zone at the Sinivit Mine has confirmed substantial gold mineralisation with best results such as 14m at 2.45g/t gold, 14m at 3.27g/t gold, and 6m at 39.7g/t gold, including 4m @ 57.30 g/t gold.

Results for 37 Reverse Circulation drill holes, each drilled to a nominal depth of 30 metres are shown in the table below.  These vertical holes were drilled on a nominal 6m by 6m grid to determine the extent of near surface gold mineralisation.  Drilling is ongoing.  The drilling indicates that gold mineralisation is widespread with some continuous narrower high grade zones, surrounded by lower gold grades in both footwall and hanging wall.

The location of the Central Oxide Zone is shown in the accompanying diagram.  No significant mining has yet been undertaken in this zone, and the above drill holes, plus earlier drill holes, will now provide the basis for an updated mine production plan for the Central Oxide Zone. Assays from additional holes will be released in the near future.

The true thickness of intersections cannot be accurately determined until the mine plan is completed.

An update of the Sinivit Mine status is expected to be released in early June 2009.

RC samples were partly prepared at site by splitting to approximately 3 kgs.  Further preparation and analysis is completed at accredited laboratory, ALS Chemex Laboratories, in Townsville, Queensland, Australia.

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

Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca.

For further information on this release or on other NGG projects 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


SINIVIT CENTRAL OXIDE ASSAY DRILL RESULTS
 
Hole ID FromToIntervalGold (g/t)Copper (ppm)
CGC0107B 2030101.04553
CGC0108B 014142.451624
CGC0114 283020.822980
CGC0115 2420.6185
CGC0116 4620.67237
CGC0118 4620.76122
CGC0119 2421.5849
CGC0122 4620.5275
CGC0124 0441.10275
  101442.94781
 Incl. 2m @ 28.80 g/t gold202889.241914
CGC0125 0881.0098
CGC0126 61482.83171
CGC0127 4841.494570
  162481.541349
CGC0128Incl. 2m @ 15.85 g/t gold1428143.272100
CGC0129 182020.761630
CGC0130 2425.96157
  202660.852613
CGC0133 214123.25137
CGC0134 0221.59218
  202880.67420
CGC0135 81021.6353
CGC0136 142281.09439
CGC0139 141620.56276
CGC0140 101661.35232
 Incl. 2m @ 14.60 g/t gold243065.415038
CGC0141 1828101.901166
CGC0142 4620.87128
CGC0144 2022216.001310
  283025.145730
CGC0145 121421.78377
 Incl. 4m @ 57.30 g/t gold2430639.712063
CGC0146 0221.41272
  81242.411149
  222420.51573
CGC0147Incl. 2m @ 13.95 g/t gold61266.591423
CGC0148Incl. 2m @ 19.20 g/t gold2030106.552812

Please Note:  In holes 117, 120, 121, 123, 131, 132, 137, 138, and 143 there were no significant intersections

NOTE: To view the 'Sinivit Mine Layout Plan', please visit the following link - http://media3.marketwire.com/docs/ngg0527.pdf


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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