SOURCE: New World Gold Corporation

February 19, 2013 07:00 ET

New World Gold Corporation Discovers Significant Silver Reserves

BOCA RATON, FL--(Marketwire - Feb 19, 2013) - New World Gold Corporation (PINKSHEETS: NWGC), a gold mining company with existing operations in Ecuador and Peru, today announced that it has intersected 6 silver veins in the new shaft of its mining operations in Ecuador. Besides the gold veins that have been intersected in the mining operations, the 6 silver veins represent significant reserves. Three of the veins are known ("San Antonio," "Sanson" and "El Viento") and the other three silver veins are new.

The width of the 6 veins range from 70cm (27.5 inches) to 2.0 metres (6.5 ft) with grades ranging from 1.0 ozs per ton to 1.5 ozs per ton. The Company also intersected copper with grades between 0.08 % to 2.5%. Preliminary assessments indicate that the Company has significant silver reserves estimated to exceed 750,000 ozs. Modifications to the Company's mills allows for immediate processing of the ore.

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 investors can find real time quotes and market information for the company on www.otcmarket.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities 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. 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