New Gold Completes Acquisition of Rainy River

VANCOUVER - New Gold Inc. has successfully completed its compulsory acquisition of the approximately 2.5% of the outstanding shares of Rainy River Resources Ltd. not previously acquired by New Gold. As of the close of business on October 15, 2013, New Gold became the registered owner of 100% of the outstanding shares of Rainy River.

"We are pleased to have completed the acquisition of Rainy River and look forward to advancing it through the various stages of development," stated Randall Oliphant, Executive Chairman. "As we have managed to do through the development of Mesquite, Cerro San Pedro and, most recently, New Afton, we see scope to add significant value to this project as we continue to move it forward."

The company is in the process of completing its detailed review and update of the Rainy River feasibility study as well as advancing the permitting efforts for the project.

The company has a portfolio of four producing assets and three significant development projects. The New Afton Mine in Canada, the Cerro San Pedro Mine in Mexico, the Mesquite Mine in the United States and the Peak Mines in Australia provide the company with its current production base. In addition, New Gold owns 100% of the Blackwater and Rainy River projects, both in Canada, as well as 30% of the El Morro project located in Chile.