NGG

New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) ("NGG" or the
"Company") has received assay results from diamond drill holes 11KVD039 and
11KVD040 in the Kavursuki zone, which is on strike with the Sinivit Mine and 1.5
to 2.0 km to the north.


Assay Results Kavursuki Diamond Drill Holes



---------------------------------------------------------------------------
                     From          To      Length        Gold  Cutoff grade
Hole No.               (m)         (m)         (m)       (g/t)    (gold g/t)
---------------------------------------------------------------------------
11KVD 039            15.7        16.7         1.0        1.93             1
---------------------------------------------------------------------------
                     22.2        25.6         3.4        1.80             1
---------------------------------------------------------------------------
                     26.8        29.8         3.0        2.06             1
---------------------------------------------------------------------------
                     30.8        46.4        15.6        2.47             1
---------------------------------------------------------------------------
inc                  41.8        45.1         3.3        4.62             3
---------------------------------------------------------------------------
and                  42.9        43.9         1.0        6.07             6
---------------------------------------------------------------------------
                                                                           
---------------------------------------------------------------------------
11KVD 040            25.5        27.1         1.6        1.35             1
---------------------------------------------------------------------------



Kavursuki Hole Location Data



---------------------------------------------------------------------------
                Collar Co-Ordinates     
             ------------------------                                      
                  Easting    Northing     Azimuth Inclination         Depth
Hole No.              (m)         (m)    (degrees)   (degrees)           (m)
---------------------------------------------------------------------------
11KVD039           395085     9490568       163.5         -50          49.0
---------------------------------------------------------------------------
11KVD040           394936     9490398       101.5         -60          37.5
---------------------------------------------------------------------------



Drill core is logged and split (all by saw) on site with crushed half core being
dispatched to, and assayed by accredited laboratory ALS-Chemex in Townsville,
Australia. 


The information in this release was prepared under the direction of Denis M.
O'Neill a Member of the Australasian Institute of Mining and Metallurgy and a
"qualified person" as defined by National Instrument 43-101. Mr O'Neill has read
and approves the information contained herein.


Denis O'Neill commented: "It is encouraging to see significant intervals (Hole
11KVD039) of material grading 2 to 2.5g/t gold near surface as we step out along
the vein system at Kavursuki."


For further information on this release or on other NGG projects such as the
Sinivit Gold Mine, please contact info@newguineagold.ca, or access our website -
www.newguineagold.ca. 


ON BEHALF OF THE BOARD

Greg Heaney, ACTING CEO

Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
NGG, including, but not limited to the impact of general economic conditions,
industry conditions, volatility of commodity prices, risks associated with the
uncertainty of resource and reserve estimates, currency fluctuations, dependence
upon regulatory approvals, the availability of future financing and exploration
risk. Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements.

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