New Guinea Gold Corporation
TSX VENTURE : NGG

New Guinea Gold Corporation

June 16, 2005 15:02 ET

New Guinea Gold Receives Final Approval for Sinivit Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 16, 2005) - New Guinea Gold (TSX VENTURE:NGG) has received notification that the Papua New Guinea Minister for Mines has approved an eight-year extension of ML 122, Sinivit Gold Mine, which allows the Company to proceed with mine development and gold production. We are awaiting receipt of formal lease documentation.

A news release will be issued shortly, specifying project economics, the proposed development schedule and the status of the applicable feasibility and technical reports.

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 or accuracy of this release.

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