New Guinea Gold Corporation
TSX VENTURE : NGG

New Guinea Gold Corporation

October 17, 2006 15:19 ET

NGG: Investor Conference call Thursday Oct 19, 11:00 am PT/2:00 pm ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2006) - New Guinea Gold Corporation (TSX VENTURE:NGG) -

Chairman & CEO Bob McNeil will hold a conference call to update investors on recent progress and to answer questions.

To participate in the call, please dial 1-888-789-0150 or 416-695-5261 five minutes before scheduled call time October 19 @ 11:00 AM PT / 2:00 PM ET. A replay will be available through October 27. Replay dial in numbers are 1-888-509-0081 or 416-695-5275.

New Guinea Gold has scheduled a series of investor meetings and presentations including:



- Vancouver: October 18th @ 1:30 pm - Crowne Plaza Hotel Georgia,
Queen Anne Room

- Toronto: October 24th @ 12:00 noon - The National Club

- Frankfurt: Stock Day Conference, October 28th

- Munich: Munich Resources Conference, November 3rd and 4th

For further details: www.newguineagold.ca.


ON BEHALF OF THE BOARD

R.D.McNeil, CHAIRMAN & CEO

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy of this release.

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