Mr. Ankit Shah reports

NEW GOLD ANNOUNCES FIRST QUARTER 2021 CONFERENCE CALL AND WEBCAST

New Gold Inc. will release its first quarter 2021 financial results before market on Wednesday, May 5, 2021. A conference call and webcast will follow at 8:30 am Eastern Time.

Additionally, New Gold has provided details for the 2021 annual general meeting of shareholders on May 4, 2021. Shareholders may request a hard copy of the complete audited financial statements and 2020 meeting materials free of charge by calling toll-free 1-833-324-6018 or by e-mailing your request to info@newgold.com.

First quarter 2021 conference call and webcast

The company will host a webcast and conference call on Wednesday, May 5, 2021, at 8:30 a.m. Eastern Time to discuss the company's first quarter financial and operating results.

• Participants may listen to the webcast by registering on the company's website.
• Participants may also listen to the conference call by calling toll-free 1-833-350-1329, or 1-236-389-2426 outside of the United States and Canada, pass code 2491156.
• A recorded playback of the conference call will be available until June 5, 2021, by calling toll-free 1-800-585-8367, or 1-416-621-4642 outside of the United States and Canada, pass code 2491156. An archived webcast will also be available until June 5, 2021, at the company's website.

2021 annual meeting of shareholders

The company will hold its annual general meeting of shareholders on Tuesday, May 4, 2021, at 4 p.m. Eastern Time. The meeting will not include a formal presentation by management.

Due to the continuing public health impact of the COVID-19 pandemic and having regard to the health and safety of the company's employees and shareholders as well as public health guidelines to limit gatherings of people, the meeting will be held virtually.

At the virtual meeting, registered shareholders, non-registered (or beneficial) shareholders and their duly appointed proxyholders will be able to participate, ask questions and vote in real time through an on-line portal. Non-registered shareholders must carefully follow the procedures set out in the company's management information circular in order to vote virtually and ask questions through the live webcast. Non-registered shareholders who do not follow these procedures will nonetheless be able to view a live webcast of the meeting but will not be able to ask questions or vote. New Gold firmly believes that a virtual meeting gives all shareholders an equal opportunity to participate regardless of their geographic location or the particular constraints, circumstances or risks that they may be facing as a result of COVID-19.

New Gold's management information circular, as well as a virtual annual general meeting user guide, may be found on New Gold's website or under New Gold's profile on SEDAR and on EDGAR.

About New Gold Inc.

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The company also holds an 8-per-cent gold stream on the Artemis Gold Blackwater project located in British Columbia and a 6-per-cent equity stake in Artemis. The company also operates the Cerro San Pedro mine in Mexico (in reclamation). New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility.