New Guinea Gold Corporation

New Guinea Gold Corporation

July 06, 2007 10:43 ET

New Guinea Gold Corporation: First Gold Pour at Sinivit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - New Guinea Gold (TSX VENTURE:NGG) is pleased to announce that the first gold dore bar has been poured at the Sinivit gold mine in Papua New Guinea. The pour is shown in the photograph below or see our web site the Company's web site

Bob McNeil, Chairman and CEO states: "I'm pleased to report that all aspects of the mining and processing circuit at the Sinivit Mine have now been commissioned. Over the next several months, the various circuits will be fine tuned, with gold production gradually increasing to an expected annualised production rate of 35,000 ozs gold by October 2007. In the meantime, the Company is continuing exploration activities on Sinivit as well as other of its key properties, with the objective of increasing gold resources".

To view a picture of the first gold pour at Sinivit please click on the following link:

Gold production and other mine statistics will be issued quarterly commencing with the end of the September quarter.

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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