NGG

New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) ("NGG" or the
"Company") announces that mining and processing at its Mt Sinivit operation is
set to recommence following a period of occupation by representatives of the
Wild Dog Mining Area Landowner Association (WDMALA) and Lulai Nakama Association
(the "Landowners"). 


On 4 January 2012, NGG staff with the support of the local police force returned
to site and took control of all site plant, machinery and associated facilities.
Following further meetings between NGG representatives and the Landowners on 5
January 2012, a safety assessment was completed and mining and processing
operations recommenced. 


In relation to the demands made by the Landowners, as previously conveyed, all
royalties have been paid in full to the Mineral Resources Authority (MRA) who
are now responsible for their distribution. All other claims will be addressed
in the coming months in negotiations with the Landowners and other stakeholders.



Contrary to some reports in the media there have been no leaks from any of the
Processing Vats or Heaps on site before, during or subsequent to the occupation.
NGG remains extremely diligent with respect to its care of the environment. 


Acting CEO Greg Heaney commented, "Whilst it is pleasing to have resolved the
situation on site there remains a significant amount of work to do to
re-establish cordial relations with the Landowners. NGG is committed to its
social responsibility and will use all available resources to ensure a fruitful
and cooperative working framework is in place for the mine's future."


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. 


A copy of the 43-101 compliant Technical Report by Mining Associates Pty Limited
("MA") was filed on SEDAR today. MA is an Australian based Mineral Resources
Consultancy which is independent of New Guinea Gold as defined in National
Instrument 43-101. Ian Taylor, BSc (Hons), MAIG, MAusIMM(CP), who has over 17
years experience in the minerals industry served as the Independent Qualified
Person responsible for the preparation of the independent report in accordance
with NI 43-101.

(TSXV:NGG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

(TSXV:NGG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024