New Guinea Gold Corporation
TSX VENTURE : NGG

New Guinea Gold Corporation

August 13, 2007 14:00 ET

New Guinea Gold Corporation: Sinivit Drilling Records Further Gold Results to 89.8g/t

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2007) - New Guinea Gold Corporation ("NGG" or the "Company")(TSX VENTURE:NGG) reports that further drilling within and adjacent to the resource at Sinivit continues to define both good gold grades and continuity to the mineralisation. Eighty one holes have now been completed.

In addition to gold, several holes intersected significant copper, such as 2m at 1.68% copper in hole 56; 4m at 1.8% copper in hole 60; 2m at 2.62% copper in hole 66; 6m at 2.68% in hole 72. These copper intersections contain 0.6 to 13g/t gold but the higher gold grades generally contain only low copper (less than 100ppm). The significance of the copper for the longer term future of the Sinivit mine will not be confirmed until deeper drilling is completed.

The highlights of the gold intersections are shown below with all results and hole data in Tables 1 and 2.



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Hole No From (m) To (m) Length (m) Gold (g/t)
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SCG0056 16 20 4 7.89
including 2 13.15
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SCG0057 8 12 4 19.59
Including 2 35.10
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SCG0059 14 25 11 2.75
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SCG0060 14 20 6 9.33
20 24 4 0.71
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SCG0061 24 28 4 5.66
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SCG0070 0 15 15 3.41
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SCG0072 2 14 12 8.77
16 30 14 5.12
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SCG0073 4 8 6 32.07
including 2 89.8
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SCG0075 4 22 18 8.78
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SCG0079 0 8 8 21.44
including 4 38.15
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SCG0080 4 10 6 5.91
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SCG0081 2 8 6 4.87
---------------------------------------------------------------------------
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Mr Bob McNeil CEO of NGG commented: "These results are as expected and continue to confirm both the grade and continuity to the gold mineralisation at Sinivit. Some of the holes were drilled to define the boundary of the gold mineralisation and were not expected to contain significant gold. The significant copper may prove a substantial bonus in the future if or when mining proceeds to mine and process the gold sulphide mineralisation at depth. In the short term high grade copper mineralisation of up to 6m at 2.68%copper and 3.03g/t gold will be stockpiled. Further drill results are expected in the near future. The Sinivit mine continues as planned with good gold leaching from Vat 1C. The next, larger, vat will commence processing 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.



TABLE 1
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Interval
Section line Hole ----------------------------------- Gold
(Northing) Number From To Length g/t
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9846 SCG0054 0 4 4 2.36
8 10 2 7.54
---------------------------------------------------------------------------
9834 SCG0055 0 4 4 2.31
16 18 (EOH) 2 0.92
---------------------------------------------------------------------------
9924 SCG0056 0 2 2 7.48
16 20 4 7.89
---------------------------------------------------------------------------
9930 SCG0057 0 2 2 0.86
including 4 6 2 0.87
8 12 4 19.59
8 10 2 35.10
---------------------------------------------------------------------------
9936 SCG0058 8 14 6 1.48
---------------------------------------------------------------------------
9936 SCG0059 0 2 2 0.50
6 8 2 0.51
10 12 2 0.51
14 25 (EOH) 11 2.75
---------------------------------------------------------------------------
9930 SCG0060 14 20 6 9.33
20 24 4 0.71
---------------------------------------------------------------------------
9930 SCG0061 NSR
---------------------------------------------------------------------------
9930 SCG0062 NSR
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9924 SCG0063 NSR
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9924 SCG0064 NSR
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9924 SCG0065 0 2 2 0.61
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9924 SCG0066 24 28 4 5.66
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9918 SCG0067 0 2 2 1.66
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9918 SCG0068 NSR
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9906 SCG0069 2 10 8 3.81
---------------------------------------------------------------------------
9906 SCG0070 0 15 15 3.41
(entire hole)
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9906 SCG0071 2 6 4 4.05
---------------------------------------------------------------------------
9906 SCG0072 2 14 12 8.77
including 4 8 4 22.78
16 30 EOH 2 5.12
---------------------------------------------------------------------------
9912 SCG0073 0 2 2 0.58
including 4 8 4 32.07
4 6 2 89.80
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9918 SCG0074 NSR
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9894 SCG0075 4 22 (EOH) 18 8.78
---------------------------------------------------------------------------
9894 SCG0076 0 11 (EOH) 14 1.39
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9894 SCG0077 4 8 4 0.50
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9894 SCG0078 0 6 6 1.34
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9888 SCG0079 0 8 8 21.44
including 2 6 4 38.15
10 14 4 0.53
---------------------------------------------------------------------------
9888 SCG0080 4 10 6 5.91
12 14 2 0.52
28 30 2 0.90
---------------------------------------------------------------------------
9888 SCG0081 2 8 6 4.89
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Note: NSR - No assays above 0.5g/t gold
EOH - End of Hole
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TABLE 2
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Hole No Northing Easting R.L. Depth of Hole Bearing Dip
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SCG0054 9846 50060 952 16 0 -90
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SCG0056 9834 50057 953 17 0 -90
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SCG0057 9924 50021 929 30 0 -90
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SCG0058 9930 50021 929 30 0 -90
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SCG0059 9936 50023 928 30 0 -90
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SCG0060 9936 50025 929 30 0 -90
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SCG0061 9930 50032 929 30 0 -90
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SCG0062 9930 50033 929 15 90 -60
---------------------------------------------------------------------------
SCG0063 9924 50031 929 30 0 -90
---------------------------------------------------------------------------
SCG0064 9924 50036 929 16 90 -60
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SCG0065 9924 50044 929 12 90 -60
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SCG0066 9924 50035 929 30 270 -60
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SCG0067 9918 50034 930 30 0 -90
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SCG0068 9918 50039 930 16 0 -90
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SCG0069 9906 560025 934 22 0 -90
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SCG0070 9906 50025 934 15 270 -60
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SCG0071 9906 50033 934 9 90 -60
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SCG0072 9906 50018 932 30 0 -90
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SCG0073 9912 50021 932 30 0 -90
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SCG0074 9918 50025 932 30 0 -90
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SCG0075 9894 50026 937 22 0 -90
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SCG0076 9894 50031 937 11 270 -60
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SCG0077 9894 50032 937 9 90 -60
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SCG0078 9894 50039 938 15 90 -60
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SCG0079 9888 50036 938 30 0 -90
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SCG0080 9888 50028 937 30 0 -90
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SCG0081 9888 50029 937 30 90 -60
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All drill holes are Reverse Circulation. Samples are bulked in two metre intervals, partially prepared on site by splitting to approximately 4 kgs in weight each, then dispatched to accredited laboratory ALS - Chemex in Townsville, Australia for further preparation and assay. ALS-Chemex insert "blank" quartz sand between each sample to clean the pulveriser and ensure there is no contamination between successive samples.

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.

ON BEHALF OF THE BOARD

R.D. McNeil, CEO / CHAIRMAN

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

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