New World Gold and Andes Gold Corporation Issue Statement to Shareholders

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

New World Gold Corporation (OTC Pink: NWGC), and its subsidiary, Andes Gold Corporation, (OTC Pink: AGCZ), (the "Companies" or individually, a "Company"), report that Robert Talbot, Chief Executive Officer and a Director of each Company is currently hospitalized, an is recovering from a cerebral stroke. The recovery is expected to take several months. At this time it is unknown whether or not at the end of this recovery he will be able to return to full active involvement with the Companies.

The Boards of Directors of the Companies wish to reassure their shareholders that each Company's operations in Peru and Ecuador have not been effected by Mr. Talbot's absence. Each South American business unit continues to pursue its business plan under its local management. No business interruptions have occurred.

The Board of Directors of New World Gold Corporation immediately has brought in outside senior business advisors to assist during Mr. Talbot's absence. In addition, the Boards of Directors of both Companies are actively seeking supplemental operational management in South America and other professional advisory services in the U.S. and South American to strengthen each Company's management and operations.

The absence of Mr. Talbot will not impact the previously reported startup of the BR Mine nor the royalty to be paid from its production to qualifying shareholders of New World Gold Corporation per its press release dated September 22, 2015.

Going forward, the Board of Directors of New World Gold Corporation will periodically issue updates to this press release on the status of the Company and Mr. Talbot's recovery.

New World Gold Corporation and Andes Gold Corporation trade in the United States on the OTC Pink Market under the symbols "NWGC" and "AGCZ". For further information, please contact the Companies at (561) 210-8496 or through the website of New World Gold Corporation at www.newworldgoldcorp.com.

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

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