Mr. Greg Heaney reports

DEFAULT STATUS UPDATE

New Guinea Gold Corp. is providing this biweekly default status report in accordance with National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203). On May 1, 2013, the company announced that, for the reasons disclosed in the default notice, there would be a delay in the filing of its audited financial statements for the year ended Dec. 31, 2012, and its related management's discussion and analysis, and chief executive officer and chief financial officer certifications for the year ended Dec. 31, 2012, beyond the 120-day period prescribed for the filing of such documents.

As a result of this delay in filing, on May 1, 2013, the British Columbia Securities Commission, the principal regulator of the company, issued a management cease trade order (MCTO), which imposed restrictions on all trading in securities of the company by the chief executive officer and the chief financial officer of the company until the company files the required filings and the BCSC makes an order revoking the MCTO. All other parties are permitted to freely trade the company's securities.

The company's auditors are completing the audit of the company's financial statements for the year ended Dec. 31, 2012. As previously announced, the company has recently appointed Brisbane (Queensland, Australia) firm Lawler Hacketts Audit as its new auditor. Owing to the timing of this appointment, Lawler Hacketts Audit has not had the necessary time to complete the audit prior to the filing deadline. The company is continuing to work with Lawler Hacketts Audit to ensure that the audit is completed with as little delay as possible.

As a consequence, the company now expects to file the required filings on or before June 30, 2013. In addition, until the audit is completed, the company will not be in a position to finalize its unaudited financial statements for the three months ended March 31, 2013, and its related management's discussion and analysis, and chief executive officer and chief financial officer certifications. Therefore, the interim filings will not be filed by the May 30, 2013, deadline.

Until the required filings and interim filings are filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in Section 4.4 of NP 12-203 by issuing biweekly default status reports, each of which will be issued in the form of a news release. NGG intends to file, if required, its next default status report by May 28, 2013.

Pursuant to the requirements of the AIG, the company reports that, since the issuance of the default notice and on May 1, 2013, except as stated in this default status report, there has not been any material change to the information provided therein, nor has there been any failure by the company in fulfilling its stated intentions with respect to satisfying the AIG. In addition, there has not been any specified default by the company under NP 12-203 other than the delay in filing the required filings, and there is no other material information concerning the affairs of the company that has not been generally disclosed.

We seek Safe Harbor.