Mr. Jeff Wilhoit reports

NEW GOLD COMPLETES ARRANGEMENT WITH COEUR MINING

New Gold Inc. has successfully completed the previously announced plan of arrangement whereby a wholly owned subsidiary of Coeur Mining Inc. has acquired all of the issued and outstanding shares of New Gold. Under the terms of the transaction, New Gold shareholders received 0.4959 share of Coeur common stock for each New Gold common share held.

Shortly following the completion of the transaction, New Gold common shares will be delisted from the Toronto Stock Exchange and the NYSE American. Coeur also intends to cause New Gold to apply to cease to be a reporting issuer under applicable Canadian securities laws. Shares of Coeur common stock are listed on the New York Stock Exchange and the TSX.

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.