SOURCE: New World Gold Corporation

November 20, 2011 21:59 ET

New World Gold Corporation Increases Revenue and Profit

BOCA RATON, FL--(Marketwire - Nov 20, 2011) - New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce its financial results for the Nine month period ending September 30, 2011. The Company has gross revenue of $4,088,124 for the 9 month period ending September 30, 2011 versus $861,000 for the year ending December 31, 2010. New World Gold Corp had a net profit of $513,595 for the 9 month period ending September 30, 2011 versus a loss of $234,993 for the year ending December 31, 2010. This significant increase in both income and profit is a result of the fact that the Company has interests in 3 producing mines and owns 2 operating mills. The operating mills allows the Company to produce its own ore as well as purchase and produce other companies ore generating a significant secondary income.

The increased revenues and profits reflects the fact that the Company owns 2 mills and is able to process its own ore at all times. The Company is not subject to lack of milling capability that most companies are. The Company has increased the capabilities of its mills to be able to process additional ore and increase revenue and profits in the last quarter.

New World Gold Corporation trades in the United States on the NQB Pink Sheets under the symbol "NWGC." For further information, please contact the Company at (561) 210 8496 or at www.newworldgoldcorp.com.

NOTE: this release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.

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