Mr. Douglas Forster reports

NEWMARKET GOLD CONTINUES TO INTERCEPT HIGH-GRADE VISIBLE GOLD MINERALIZATION AT FOSTERVILLE EAGLE FAULT DISCOVERY, STRONG POTENTIAL TO INCREASE MINERAL RESOURCES

Newmarket Gold Inc. has released drill results from an additional 28 holes, totalling 7,157 metres, at the Fosterville gold mine, Victoria, Australia. These holes represent the balance of the first half of Fosterville's 2015 exploration program. Drilling outside of current mineral resources focused on further defining and exploring targets on the Phoenix, Lower Phoenix, Lower Phoenix Footwall, East Dipping, Kestrel and newly identified Eagle faults. Drill results include continued intercepts of high-grade gold mineralization with the Eagle fault discovery returning intervals of significant visible gold. To date, drill results indicate the continuance of high-grade zones to depth and suggest strong potential to increase Fosterville's mineral reserves and resources.

Highlights and key drill intercepts (outside mineral resources reported December, 2014):

• Drilling continues to return high-grade visible gold drill intercepts associated with the Eagle fault, including 16.38 grams per tonne gold over 18.0 metres (estimated true width (ETW): 16.56 m) in hole UDH1364 (including 145.3 g/t Au over 0.95 m).
• Continuing drilling of East Dipping faults returned high-grade results including 141.1 g/t Au over 5.8 m (ETW: 4.59 m) in hole UDH1321 (including 1,908 g/t Au over 0.4 m).
• Results from a total of 14 additional drill holes completed on the Eagle fault discovery reaffirm the structural continuity and grade tenor of the Eagle fault over a strike length of approximately 500 m.
• Drill results on these high-grade zones provide strong potential to increase mineral reserves and mineral resources, and contribute to the near-term production profile due to the proximity to existing development.
• Mining is currently extracting ore from these structures, upplunge of these latest drill results with mining performing well in terms of reconciliation and processing activities.
• In addition to underground drilling, Newmarket will initiate three surface-based growth exploration drill holes at Fosterville totalling $1.5-million (U.S.) in the second half of 2015. Drill holes are designed to test downplunge extensions of the Lower Phoenix system and the upplunge potential of the Lower Phoenix system on step-outs of 200 m and 230 m, respectively.

Douglas Forster, president and chief executive officer, Newmarket Gold, commented: "Ongoing drilling at Fosterville continues to intercept high-grade gold mineralization containing visible gold in previously undrilled areas proximal to current infrastructure. Drilling results associated with the Eagle fault, East Dipping faults and Lower Phoenix zones are extremely encouraging as they extend the size of our discovery and support our view that gold grades are continuing to increase at depth. All of the high-grade Eagle drill intercepts reported to date are located outside of Newmarket's Dec. 31, 2014, indicated mineral resources, but will be included in the 2015 year-end mineral resource and reserve update."

Fosterville drilling program

Since Newmarket's press release announcing the high-grade Eagle fault discovery, dated July 27, 2015, drilling at Fosterville has continued to focus on definition and exploration of multiple targets including the Phoenix, Lower Phoenix, Lower Phoenix Footwall, East Dipping, Kestrel and newly identified Eagle faults. The reported results are outside of measured and indicated resources from 28 drill holes (7,157 m) at a cost of $850,000 (U.S.). A total of four underground diamond drill rigs were in operation during this period. Additionally during this period, mining activities continued on the upper plunge areas of structures like the Eagle fault with reconciliation and metallurgical recoveries performing well, suggesting future mineralization identified in these systems will provide additional ounces to the Fosterville mine.

All drill assay intercepts are provided in the table.

Eagle and East Dipping faults

Results from a total of 13 drill holes have been returned from holes targeting the downplunge extensions of the Eagle fault between the 6,575 m north (mN) and 6,850 mN since the press release dated July 27, 2015. These results reaffirm the structural continuity and grade tenor of the Eagle fault over a strike length of approximately 500 m. The structure continues to provide significant opportunity for mineral reserve and mineral resource growth laterally and adjacent to existing mineral reserves within the Lower Phoenix zone. The most significant intercept of 16.38 g/t Au over 18.0 m (ETW: 16.56 m) in hole UDH1364 is associated with the junction of the west-dipping Lower Phoenix and east-dipping Eagle fault, and exhibits visible gold mineralization.

In addition, intercepts from 12 drill holes between the 6,550 mN and 7,000 mN have further defined the East Dipping fault, footwall to the Lower Phoenix fault. Several of these intercepts host substantial visible gold mineralization, including hole UDH1321 which returned 141.1 g/t Au over 5.8 m (ETW: 4.59 m). East Dipping fault mineralization proximal to west-dipping fault junctions continue to provide encouraging resource growth potential at Fosterville.

In the second half of 2015, drilling will continue to focus on the downplunge extents of known Eagle and East Dipping fault mineralization to increase confidence southward to the 6,550 mN as well as test beyond the downplunge extents of the known mineralization from the Central decline drill platform. The Central decline drill platform is planned to extend southward to provide drilling platforms to support further drill testing of these highly prospective easterly dipping structures.

Lower Phoenix, LPFW and Phoenix

Results from a total of six drill holes have been returned from holes targeting downdip extensions of the westerly dipping Lower Phoenix fault between the 6,850 mN and 7,050 mN. Significant drill intercepts below current measured and indicated mineral resources that have high potential to increase mineral reserve and mineral resource growth to the north above the 4,200 mRL include UDH1314 with 6.03 g/t Au over 10.2 m (ETW: 5.54 m) and UDH1316 with 6.36 g/t Au over 3.7 m (ETW: 2.45 m). Downdip drill targeting of the Lower Phoenix fault from footwall drill positions is scheduled to continue in the second half of 2015, between 7,050 mN and 7,400 mN, and will test the northern resource potential above 4,200 mRL. Downplunge definition of the Lower Phoenix fault southward to 6,500 mN will also be undertaken from drill rigs positioned in the C4440 drill drive.

Further significant mineralization associated with Lower Phoenix Footwall westerly dipping faults adjacent to the Lower Phoenix fault has also been identified through seven hole intercepts between 6,575 mN and 7,000 mN (Figure 4). Drill hole UDH1322 intersected 16.83 g/t Au over 11.1 m (ETW: 1.68 m) and hole UDH1222 intersected 352.2 g/t Au over 0.5 m (ETW: 0.38 m), demonstrating that these structures continue to host high-grade mineralization with the latter hosting visible gold mineralization.

Results returned from three drill holes targeting along-strike and downdip extensions of the Phoenix measured and indicated mineral resource. The best result was from hole UDH1303, which returned 7.91 g/t Au over 6.9 m (ETW: 5.07 m) demonstrating growth potential downplunge of the existing December, 2014, mineral reserve. Drilling on this structure in the second half of 2015 will primarily be undertaken from the Central decline as it advances southward. Downplunge extents will be adequately tested to 6,350 mN, and will test the continuity of structure and grade between the existing mineral reserve and UDE113A (as reported in the press release dated July 27, 2015).

In addition to continued resource definition drilling on the Lower Phoenix structure, Newmarket will initiate three surface-based growth exploration drill holes totalling $1.5-million (U.S.) in in the second half of 2015. These drill holes are designed to target the projected downplunge and upplunge extensions of the Lower Phoenix system, at step-outs of 200 m and 230 m, respectively, beyond the current delineated extents of mineralization. Results from these programs will determine resource potential ahead of current mine developments to optimize life-of-mine capital plans.

Qualified person

Mark Edwards, MAusIMM (CP), MAIG, general manager, exploration, Newmarket Gold, is a qualified person as such term is defined in National Instrument 43-101, and has reviewed and approved the technical information and data included in this press release.

                    FOSTERVILLE DRILL RESULTS
                        
                              Downhole   Estimated
Hole ID         From      To  interval  true width  Gold grade
                  (m)     (m)       (m)         (m)       (g/t)

UDH1266          203     205         2        1.43        4.99
UDH1317        158.9     160       1.1        1.07        7.33
UDH1321        189.5   193.6       4.1        3.68       17.67
UDH1323        175.2   176.5       1.3        1.16        5.29
UDH1324        194.9   196.7       1.8        1.59       17.19
UDH1332          188   191.1       3.1        2.69        4.73
UDH1338        221.8   240.8        19        2.51        3.02
UDH1341        342.8   350.9       8.1        5.94        5.25
UDH1353          170   174.3       4.3        3.42        7.25
UDH1357        186.5   189.6       3.1        2.68       11.11
UDH1358        189.7   192.8       3.1        2.89       16.19
UDH1364        206.2   224.2        18       16.56       16.38
Including     208.45   209.4      0.95        0.87       145.3
UDH1366        209.1   211.1         2        1.76       12.12
UDH1222          292     294         2        0.64        3.77
UDH1299         65.9    67.5       1.6        1.43       45.63
Including       67.2    67.5       0.3        0.27       114.1
UDH1306         53.6      54       0.4         0.4        4.49
UDH1313         98.9   100.3       1.4        1.26        8.82
and              119   120.7       1.7         1.6         5.7
UDH1321        223.7   229.5       5.8        4.59       141.1
Including      228.2   228.6       0.4        0.32      1908.3
UDH1323        163.3   163.8       0.5        0.46        2.81
and            243.2   244.6       1.4         1.3       17.29
UDH1328        129.1   132.9       3.8        3.27        8.08
UDH1332        168.1   170.1         2         1.9        7.22
and            242.9   245.1       2.2        2.06        8.41
UDH1341        327.9   329.8       1.9        0.66       73.75
Including      327.9   328.8       0.9        0.31       135.2
UDH1345          352   353.2       1.2        0.47        8.96
UDH1357        158.4   159.4         1        0.93        4.62
UDH1366        235.3   238.4       3.1        1.68        6.11
UDH1221        267.8   268.4       0.6        0.52       25.12
UDH1222        260.4   260.9       0.5        0.38       352.2
UDH1313        142.5     147       4.5        2.53        3.89
UDH1322          200   211.1      11.1        1.68       16.83
UDH1332        248.2     249       0.8        0.61        3.45
UDH1341          259   259.5       0.5        0.39        3.57
UDH1346          321   323.6       2.6        1.97        7.43
UDH1299        113.4   113.9       0.5        0.27        4.83
UDH1312          155   158.8       3.8         2.7        5.48
UDH1313                  No significant intercept
UDH1314        151.9   162.1      10.2        5.54        6.03
UDH1316        159.7   163.4       3.7        2.45        6.36
UDH1323        310.3   311.1       0.8        0.32        4.32
UDH1303          309   315.9       6.9        5.07        7.91
UDH1305                  No significant intercept
UDH1350        277.2   277.9       0.7        0.66        8.33

Newmarket Gold has in place quality control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars are accurately surveyed using a Leica Total Stations instrument and downhole deviations are measured by electronic multishot cameras.

All reported drill intercepts are from NQ2-sized diamond drill core that was either whole core sampled or cut longitudinally in half with a diamond saw depending on the requirements to keep core for future reference. In the cases of sawn drill core, one-half of the drill core was sent for assay and the other half retained for reference. Drill core sample intervals vary between 0.2 and 1.5 m in length, and were determined from logging of sulphide and visible gold.

Assay results are based on a 25-gram charge fire assay. Mean grades are calculated using a variable lower-grade cut-off (generally two g/t Au) and maximum contiguous two m internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed.

Drill samples from Fosterville were assayed at On Site Laboratories Pty. Ltd., an independent laboratory in Bendigo, Victoria. The facility is registered ISO9001:2008 (CERT-C33510). A lesser number of samples were also assayed at Gekko Systems in Ballarat, Victoria.

All mine geology and exploration teams conduct site audits and reviews from time to time at the independent laboratories as well as conduct intralaboratory analysis of results to test the quality of reported results. All reviews of quality assurance/quality control data have not identified any significant issues that cannot be resolved prior to results being used for modelling or reporting.

We seek Safe Harbor.