SOURCE: New World Gold Corporation

June 09, 2014 09:25 ET

New World Gold Increases the Number of Independent Miners That It Processes Ore for

BOCA RATON, FL--(Marketwired - Jun 9, 2014) - New World Gold Corporation (PINKSHEETS: NWGC), a gold mining and milling company with operations in Ecuador and Peru, is pleased to announce that it continues to increase the number of independent miners that it processes ore for. The Company makes a profit from the milling process as well as getting a percentage of the gold and silver that it produces for the independent miners.

The Company currently processes ore for 7 mines. It is expected that this will increase to 12 mines by August as well as processing its own reserves. The new mill, with a projected start up in August 2014, is expected to be at capacity immediately.

The Company increased both revenue and profits in the first quarter of 2014. The Company is anticipating an excellent second quarter with increased revenues and profits. With the start up of the new mill in the third quarter, the second half of the year is projected to produce very positive financial results.

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.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 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.

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