VANCOUVER,
Sept. 24, 2013 /PRNewswire/ - New
Gold Inc. ("New Gold") (TSX and NYSE MKT:NGD) is pleased to
announce that Randall Oliphant, New
Gold's Executive Chairman, has been elected Chairman of the World
Gold Council, succeeding Ian Telfer,
Chairman of Goldcorp Inc.
"I am taking on the role at a time when gold has
a wider significance than ever before across the world. From
investments and capital markets, to the rise of the eastern
consumer, gold is at the heart of many societies as they seek to
store and protect their wealth. The World Gold Council has been in
the vanguard of developing innovative uses for gold, and it is a
privilege to accept this role," stated Mr. Oliphant.
The World Gold Council is the market development
organization for the gold industry. Significant initiatives
spearheaded by the World Gold Council include the publication of
the Conflict-Free Gold Standard and the guidance notes on All-In
Costs.
Aram Shishmanian,
Chief Executive Officer, World Gold Council, commented, "I am
looking forward to working with Mr. Oliphant. Gold has been central
to the preservation of global wealth in recent years, and as the
west rebuilds following the financial crisis and the emerging
economies of the world grow, gold will continue to play a central
role in protecting the wealth and mitigating the financial risk of
both nations and individuals."
"I'm extremely proud of the industry and the
work of the World Gold Council," added Mr. Oliphant. "I look
forward to working with our members to continue building awareness
and understanding of the contribution gold makes to society."
The entire New Gold team and Board of Directors
congratulate Mr. Oliphant on his election.
About New Gold Inc.
New Gold is an intermediate gold mining company.
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 production base and solid foundation. In addition,
New Gold owns 100% of the Blackwater project and 97% of the Rainy
River project, both in Canada, as
well as 30% of the El Morro project located in Chile. New Gold's objective is to continue to
establish itself as a leading intermediate producer, focused on the
environment, sustainability and generating peer-leading shareholder
returns. For further information on the company, please visit
www.newgold.com.
Cautionary Note Regarding Forward-Looking
Statements
Certain information contained in this news
release, including any information relating to New Gold's future
financial or operating performance may be deemed "forward looking".
All statements in this news release, other than statements of
historical fact, that address events or developments that New Gold
expects to occur, are "forward-looking statements". Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates",
"projects", "potential", "believes" or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "should", "might" or "will be taken",
"occur" or "be achieved" or the negative connotation. All such
forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and are
subject to important risk factors and uncertainties, many of which
are beyond New Gold's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. Such factors include, without limitation: discrepancies
between actual and estimated reserves and resources; changes in
international, national and local government legislation in
Canada; controls, regulations and
political or economic developments in the countries in which New
Gold does or may carry on business; the speculative nature of
mineral exploration and development, including the risks of
obtaining and maintaining the validity and enforceability of the
necessary licenses and permits and complying with the permitting
requirements of each jurisdiction that New Gold operates;
diminishing quantities or grades of reserves; competition; loss of
key employees; additional funding requirements; actual results of
current exploration or reclamation activities; accidents; labour
disputes; defective title to mineral claims or property or contests
over claims to mineral properties. In addition, there are risks and
hazards associated with the business of mineral exploration,
development and mining, including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins,
flooding and gold bullion losses (and the risk of inadequate
insurance or inability to obtain insurance to cover these risks) as
well as "Risk Factors" included in New Gold's disclosure documents
filed on and available at www.sedar.com.
Forward-looking statements are not guarantees of
future performance, and actual results and future events could
materially differ from those anticipated in such statements. All of
the forward-looking statements contained in this news release are
qualified by these cautionary statements. New Gold expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
SOURCE New Gold Inc.