SOURCE: New World Gold Corporation

April 25, 2011 14:59 ET

New World Gold Obtains Excellent First Quarter Results

BOCA RATON, FL--(Marketwire - Apr 25, 2011) - New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce its first quarter results for the period from January 1, 2011 to March 31, 2011. Net income in the first quarter was $889,327 versus Nil income for March 31, 2010. The Company had a gross operating income of $407,907 versus a Nil operating income for the first quarter last year. The Company had a net profit of $79,287 for the first quarter of 2011 versus a net loss of $86,109 last year. For the first quarter of 2011, the Company had extraordinary and one time expenses related to legal, accounting, professional fees, and production startup fees of $135,924. These costs substantially reduced the profits for the first quarter and are expected to be non-recurring. The company expects that its second quarter will show substantial grow in daily production. The company will continue to grow as it develops its reserves. The Company has 3 producing gold mines and 2 operational mills. The Company will continue to upgrade the current capacity of its mills in 2011.

The company continues to be focused on development of its existing reserves, increasing production and expanding its gold leases and reserves. With the price of gold increasing, the value of the Companies proven reserves is increasing every day. Reserves that may have been marginal previously are now very economical. Analyses have reported that mining stocks have consistently proven to return some of the biggest gains on the stock market.

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

NOTE: 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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