New Guinea Gold Corporation
TSX VENTURE : NGG

New Guinea Gold Corporation

March 26, 2007 16:10 ET

New Guinea Gold Corporation: Imwauna Drilling Intersects Grades to 44.5g/t Gold & 86g/t Silver Over 1.4m

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) - New Guinea Gold (NGG) (TSX VENTURE:NGG) reports further drill results from its 100% owned Imwauna Project within the Normanby Property. All results above a cut-off of 0.5g/t gold are shown in the table below.

Intersections ranged from 1.4m at 44.5g/t gold and 86g/t silver within a 3.8m zone averaging 21.2g/t gold and 44g/t silver, to wider intervals of moderate grade such as 4.6m at 9.5g/t gold and 15g/t gold, to narrow low grade intervals such as 0.5m at 1.65g/t gold and 1g/t silver.

Of particular significance are the multiple intersections in hole IMD 094 of 4.6m at 0.5g/t gold and 15g/t silver between 9.1 and 13.7m downhole; 1.7m at 13.36g/t gold and 16g/t silver between 34.4 and 36.1m downhole, and 0.5m at 15.5g/t gold and 29g/t silver between 64.7 and 65.2m downhole. These multiple intersections suggest that some earlier holes were terminated prematurely and did not test the entire mineralised zone. Hole IMD 092 was terminated prematurely due to operational reasons and may not have fully tested the target zone. These results continue to add to our knowledge of the Imwauna mineralised zone. Overall the results are as expected with continued wide variations in grade and width along strike and to depth. Experience has now shown that even narrow intervals of high grade such as the 0.5m at 15.5g/t between 64.7 and 65.2m in IMD094; and 0.2m at 34.3g/t between 153.2 and 153.4m downhole in IMD087 are significant as these zones can rapidly increase in width along strike or to depth.

A second diamond core drill has now been mobilised to Normanby Island. After completing several holes at the adjacent Weioko prospect on the Sehulea Property this drill will move to Imwauna to increase the drilling capability at that project. In addition a new 14 tonne excavator has been mobilised to Imwauna to commence exploratory trenching outside and beyond the drilled area at Imwauna. Exploration such as soil geochemistry, CSAMT geophysics and aeromagnetics suggests that mineralisation is present over an area of 4km by 2km (see map on our web site at www.newguineagold.ca) and the area tested by drilling to date at Imwauna represents less than 10% of the potentially mineralised area at surface. The Imwauna system is as yet essentially unknown at depths of more than 100m.

Future drilling at Imwauna will focus on exploratory holes to test the system at depth and further along strike. These exploration holes will allow an inferred resource for the system to be estimated in addition to possible indicated and measured resources based on the detailed drilling completed to date.



Drill Hole Location Data
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Hole No Co-Ordinates Azimuth Dip Final Depth R.L
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North East degrees Degrees (m) (m)
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IMD086 8886611 288811 95 -50 180 548
IMD087 8886590 288824 100 -60 150 557
IMD091 8886652 288956 100 -60 70.6 529
IMD092 8887160 289150 100 -70 42.3 450
IMD094 8886921 289092 100 -70 120.2 482

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Summary of Intersections above 0.5g/t gold
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Hole No Intersection Interval Gold Silver
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From To (m) (m) (g/t) g/t
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IMD087 150.3 153.4 3.1 5.23 7
inc. 153.2 153.4 0.2 34.3 46
168.0 168.5 0.5 1.65 1
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IMD086 43.6 44.5 0.9 1.1 3
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IMD091 8.3 12.1 3.8 21.1 44
inc. 10.7 12.1 1.4 44.5 86
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IMD092 34.9 35.8 0.9 6.45 22
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IMD094 9.1 13.7 4.6 9.5 15
inc. 9.1 9.6 0.5 28.6 27
34.4 36.1 1.7 13.4 16
64.7 65.2 0.5 15.5 29
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True widths of intersections are estimated to be between 70 and 90% the interval above.

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, 44 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.

ON BEHALF OF THE BOARD

R.D.McNeil, CHAIRMAN & CEO

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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