New World Gold Corporation Issues Reminder to Its Shareholders on Dates and Procedures for Upcoming Royalty

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 issuing this press release as a follow-up to its release of September 22, 2015, to remind its shareholders of the dates and procedures specific to the royalty from the production of the new BR Mine, which goes into production on November 1, 2015.

Once in full production, the Company has forecast gold production from the BR Mine to be 6 grams (20 ounces) of gold per ton from the processing of 100 tons per day. The royalty will be paid to "qualifying shareholders" (see below) and will be up to 25% per year or a maximum of $2,000,000 (US) of the revenue from annualized production solely from the BR Mine. (The Company cannot guarantee the amount of the royalty, in whole or in part, due to multiple variables.)

Assuming a maximum $2,000,000 royalty to be paid per year against a maximum of all the Company's authorized shares of common stock, 3,000,000, 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 calendar month intervals beginning October 30, 2015, for as long as the BR Mine is in production, but for a period not to exceed 24 months or until October 30, 2017, after which the royalties will terminate.

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

"Qualifying shareholders" are shareholders of record as of the market close of 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 also are holding title to not less that the same amount as of the market close on Friday, April 29, 2016.

Each shareholder initially qualifying as of October 30, 2015 will receive a written confirmation from the Company of their qualification to receive the royalty (pending their holdings on April 29, 2016) not later than January 31, 2016. In response to the Company letter, the shareholder may provide payment instructions, including directing payment to the shareholder or her/his successors or assigns. (if you believe you qualified for a royalty but did not receive a confirmation, please contact the Company by email no later than February 15, 2016.)

Once again, 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-statement statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.

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