Mr. Patrick Godin reports

SHAREHOLDERS OVERWHELMINGLY SUPPORT PLAN OF ARRANGEMENT WITH COEUR MINING

At a special meeting of shareholders held earlier today, holders of New Gold Inc.'s common shares voted in favour of the special resolution approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia), whereby a wholly owned subsidiary of Coeur Mining Inc. will acquire all of the issued and outstanding common shares of New Gold.

The voting results for the arrangement resolution are detailed in the attached table.

"The overwhelming support shown by New Gold shareholders is a strong endorsement for this transformative combination and marks a key milestone in bringing these two companies together," stated Patrick Godin, president and chief executive officer. "This transaction brings together two companies with similar cultures of a strong focus on health and safety, similar financial strength and cash flow generation, and will provide significant exploration upside, and the potential to significantly extend mine life and grow net asset value per share. I strongly believe in this combination, creating a new, all North American precious metals company that is unique to our industry."

The results of the meeting are disclosed in the report of voting results filed under New Gold's issuer profiles on SEDAR+ and EDGAR on Jan. 27, 2026.

Separately, Coeur stockholders also overwhelmingly approved the resolutions required to give effect to the transaction at a meeting of Coeur stockholders held on Jan. 27, 2026.

Anticipated transaction effective date

The transaction is subject to final approval of the Supreme Court of British Columbia, certain regulatory approvals and the satisfaction of certain other customary closing conditions for transactions of this nature. It is currently anticipated that the transaction will close in the first half of 2026.

Under the terms of the transaction, on closing, shareholders will receive 0.4959 share of Coeur common stock for each New Gold common share held. Immediately following completion of the transaction, shareholders of Coeur and New Gold will own approximately 62 per cent and 38 per cent of the combined company, respectively.

Further information

For further information regarding the transaction, please refer to New Gold's management information circular dated Dec. 19, 2025, which is available under New Gold's issuer profiles on SEDAR+ and 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 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.