New World Gold to Begin Developing Its Rare Earth Deposit

BOCA RATON, Fla.--(BUSINESS WIRE)--

New World Gold Corporation (OTC Pink: NWGC) a gold mining and milling Company with operations in Ecuador and Peru is pleased to announce its secondary and comprehensive sampling program on its rare earth, Antimony, deposit in Ecuador has been completed. Based on the results of the testing, the Company will begin to design a drilling program that will define the Antimony ore body and the economic feasibility of developing the ore body. It should be noted that this lease also has significant gold reserves that are being evaluated at the same time. The drilling program will assess both deposits.

The Company expects to option the rare earth deposit to a Chinese group. The option agreement will require expenditures of $500,000 per year in development over a 3 year period. The development work will allow the gold deposit to also be developed. The Company will act as operator of the entire project and maintain a 100% interest in the gold operation and a 35% interest in the antimony deposit.

Processed antimony is used as an alloy to strengthen tin and steel. Antimony compounds contain fire retardants found in many commercial and domestic products like stoves and refrigerators. There is an emerging application for the use of Antimony in microelectronics.

New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC".For information, please contact the Company at (561) 210 8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.

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