SOURCE: New World Gold Corporation

December 12, 2013 07:00 ET

New World Gold Corporation Commits to New Mill in January, 2014

BOCA RATON, FL--(Marketwired - Dec 12, 2013) - New World Gold Corporation (PINKSHEETS: NWGC), a gold mining and milling company with operations in Ecuador and Peru, has committed to a new mill in January, 2014. The Company has completed an environmental report that will allow it to move ahead with the new mill. The new mill is expected to be operational in February, 2014. Initial production capability of the mill is expected to be 100 tons of ore per day with an average grade of 10 grams of gold per ton. This production is in addition to the projected production announced for the first quarter in its press release of December 2, 2013 of 400 tons of ore per day with an average grade of 10 grams of gold per ton.

The Company anticipates a strong last quarter of 2013 and significant growth in the first quarter of 2014.

New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC". For further information, please contact the Company at (561) 210 8496 or www.newworldgoldcorp.com or the investor can find real time quotes and market information for the Company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences except as required under applicable law.

Contact Information