New Gold Completes US$1.6 Billion Business Combination

VANCOUVER, BC - New Gold Inc. reported that it has completed the previously announced business combination with Peak Gold Ltd. and Metallica Resources Inc.
"Tremendous work has gone into completing the business combination between New Gold, Peak Gold and Metallica over the past three months. On behalf of the Board of Directors and Management, I would like to thank all of those involved for their hard work and dedication. I would also like to extend a special thank you to both Richard Hall and Clifford Davis for their leadership over the years at Metallica and New Gold respectively", said Robert Gallagher, President and Chief Executive Officer.
"Management is excited at the prospects for this new intermediate gold mining company and is looking forward to creating further value by focussing on three strategies; routine delivery on our operational targets; execution of our internal growth projects which are the development of New Afton mine and the analysis of processing alternatives at Amapari; and thirdly; continued external growth through consolidation of operations in the junior mining sector" concluded Gallagher.