Mr. Ankit Shah reports

NEW GOLD ANNOUNCES REDEMPTION OF REMAINING OUTSTANDING 7.50% SENIOR NOTES

Pursuant to the terms of the indenture governing its 7.50 per cent senior notes due 2027, New Gold Inc. has issued a notice of redemption to redeem the remaining $111-million aggregate principal amount of outstanding 2027 notes on July 15, 2025. The redemption of the 2027 notes will be financed with the remaining proceeds from the company's March, 2025, senior notes offering, together with cash on hand. (All amounts are in United States dollars unless otherwise indicated.)

About New Gold Inc.

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for the company's shareholders and stakeholders.

We seek Safe Harbor.