New World Gold Corporation (NWGC)

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New World Gold to Begin Shipping Gold

Jun 24, 2015 17:21:00 (ET)

BOCA RATON, Fla.--(BUSINESS WIRE)--June 24, 2015--
New World Gold Corporation (OTC Pink: NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, is pleased to announce that it will begin shipping gold to a Chinese based company in July, 2015. In a press release on February 4, 2015, the Company announced that it had signed an agreement with Aguila Dorado De Sur America Aguidomerica SA, a Chinese based company, to supply a minimum of 120 kilos of gold (4225 ozs) per month. The Company will begin shipping gold in July, 2015 as per the Agreement.

The source of gold for this contract and other commitments will be from the Company's own reserves and gold generated by contract milling. Currently, the Company has the ability to process in excess of 900 tons of ore per day.