Mr. Robert Chasse reports

NEW GOLD COMPLETES REDEMPTION OF 2022 SENIOR NOTES

New Gold Inc. has completed the previously announced redemption of its outstanding $400-million in 6.25 per cent senior notes due 2020. The redemption was financed from the net proceeds of its recent issue of $400-million aggregate principal amount of 7.50 per cent senior notes due in 2027 and cash on hand.

"The redemption of our 2022 senior notes is another key milestone we have achieved that has significantly enhanced our financial flexibility and strengthened our balance sheet," stated Robert Chasse, executive vice-president and chief financial officer. "Our improving operational performance, along with the completion of several other key transactions during the year, has repositioned New Gold for the next phase in our growth strategy."

About New Gold Inc.

New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada: the Rainy River and New Afton mines, as well as the 100-per-cent-owned Blackwater development project. 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.