New World Gold Corporation to Issue Royalty to Shareholders

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

New World Gold Corporation (OTC Pink: NWGC) a gold mining and milling company with existing operations in Ecuador and Peru is pleased to announce that it will pay a royalty at six (6) month intervals to all shareholders of record, holding title to not less than 1,000,000 shares of common stock, either restricted or unrestricted shares, on October 30, 2015 and who are also holding the same minimum quantity of shares on April 29, 2016, (the "qualifying shareholders"), which shall be the first payment date of the royalty (see below). The royalty to be paid will be up to 25% per year or a maximum of $2,000,000 U.S. of the revenue from annualized production solely from the Company's new BR Mine which goes into production on November 1, 2015. Gold production from the BR Mine is projected to be 6gms (20 ozs) of gold per ton. It is anticipated that the BR Mine will process 100 tons per day. The Company cannot guarantee the amount of the royalty, in whole or in part, due to multiple variables including but not limited to those pertaining to production and the speed of the ramp up of production and cost structure.

Assuming the maximum $2,000,000 royalty per year to be paid against a maximum of all the authorized shares of common stock of the Company,3,000,000.000 shares, the royalty would equate to $.0007 per share per year.

Once production begins, royalties will be accrued by the Company per calendar month, and paid at six month calendar intervals from October 30,2015 for as long as the BR Mine is in production, but for a period not to exceed 24 months, or until the later of October 30, 2017, after which they will terminate.

Each royalty payment shall be made within the first 75 calendar days following the end of its respective six month accrual period.

Shareholders of record as of the market close on Friday, October 30, 2015, holding title to not less than 1,000,000 shares of common stock of the Company at that time and who are also holding title to not less than 1,000,000 shares of common stock as of the market close on Friday, April 29, 2016 will qualify to receive the royalty.

Royalty payments may be directed by qualifying shareholders to be paid to her/him directly or her/his successors or assigns.

Each shareholder initially qualifying as of October 30, 2015, will receive a written confirmation of their qualification by the Company to receive the royalty (pending their holdings on April 29, 2016) not later than January 31, 2016, at which time in response to said Company's letter, the shareholder may provide payment instructions (If you believe you qualified for a royalty but did not receive a confirmation, please contact the company by email not later than February 15, 2016).

Please direct any questions regarding the royalty or its payment to the Company's email address.

New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC". For further 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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