New World Gold Corporation (NWGC)

[gitreal]

Completely false. US-traded companies, pinksheet or not, are prohibited from using the label of "43-101" on their reports. It is not the "gold standard" for US-traded companies - Guide 7 is all they are allowed to reference when discussing reserves or resources.

Here is what the BCSC issued in 2013 in regards to a US-traded pinksheet who claimed to have a 43-101 report:

NEWS RELEASE

2013/91
November 28, 2013

Investor Alert: BCSC issues warning about Mission Mining Company

Vancouver – The British Columbia Securities Commission has become aware that Mission Mining Company, a company based in Nevada with no apparent connection to B.C. or any jurisdiction in Canada, issued a news release on November 21, 2013 that claimed it had posted a National Instrument 43-101 report on its website. The report allegedly confirms a very large mineral resource containing gold and silver, which the company uses to disclose a very large estimate of purported resource value.

The BCSC is warning the public that Mission Mining has not filed a NI 43-101 report with the BCSC. The report posted on Mission Mining’s website, and the company’s related disclosure with respect to the purported mineral resource and value, does not comply with NI 43-101.

The BCSC urges B.C. investors, agents, or members of the public who have been approached about investing in Mission Mining Company to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).

Information on National Instrument 43-101

NI 43-101 is a key component in the disclosure requirements of mining companies that distribute securities in Canada. It establishes standards for disclosure of scientific and technical information regarding mineral projects, and requires that the disclosure is based on a technical report or other information prepared by or under the supervision of a qualified person.

The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada. Any technical report that a publicly traded company files with a securities regulator in Canada under NI 43-101 is available to the public on SEDAR.

The BCSC is the independent government agency responsible for regulating trading in securities within the province. Learn how to avoid investment fraud at the BCSC’s investor education website: www.investright.org.

Let's highlight that warning from a Canadian regulator again:

The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada

If a Company is not a Canadian issuer and doesn't file with Canadian regulators, it is not an NI 43-101 report. To claim otherwise is fraudulent. That warning from the BCSC would certainly apply to NWGC, wouldn't it? What MISM has done is no different than what is being claimed for NWGC, with their bogus "NI 43-101 report", is it?