New Guinea Gold fka NGG (NGG)

[goldisking3000]

BARRICK EARNS IN TO COPPERMOLY’S NEW BRITAIN PROJECTS
BY SPENDING UP TO AUD$20 MILLION

Coppermoly Ltd (Coppermoly), an Australian Securities Exchange (ASX) listed company, which New Guinea
Gold Corporation (NGG) holds approximately 30 million shares (approximately 23% of issued capital),
released the following press release entitled “Barrick Farms-In to Coppermoly’s New Britain Projects by
spending up to AUD$20 million.”
Bob McNeil, Chairman and CEO of New Guinea Gold is also a Director of Coppermoly Ltd. Bob McNeil
commented: “We believe this release is material and relevant to New Guinea Gold in view of its large equity in
Coppermoly. The Coppermoly share price closed at AUD$0.15 on the ASX on Monday October 12, 2009,
giving a value to NGG’s holding in Coppermoly of AUD$4,500,000, or approximately C$4,250,000. This is a
very attractive deal for Coppermoly, with excellent substantial upside for NGG. We believe this transaction
validates NGG’S strategy of bringing in partners to speed up project development while retaining significant
upside for shareholders.”