NGG

New Guinea Gold Corporation. (TSX VENTURE:NGG)(FRANKFURT:NG8) ("NGG" or the
"Company") is providing this bi-weekly Default Status Report in accordance with
National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults
("NP 12-203"). On April 24, 2012, the Company announced (the "Default Notice")
that, for the reasons disclosed in the Default Notice, there would be a delay in
the filing of its audited financial statements for the year ended December 31,
2011 and its related Management's Discussion and Analysis and Chief Executive
Officer and Chief Financial Officer certifications for the year ended December
31, 2011 (collectively, the "Required Filings") beyond the 120 day period
prescribed for the filing of such documents.


As a result of this delay in filing, on May 1, 2012, the British Columbia
Securities Commission (the "BCSC"), the principal regulator of the Company,
issued a management cease trade order (the "MCTO"), which imposed restrictions
on all trading in securities of the Company by the Chief Executive Officer and
the Chief Financial Officer of the Company until the Company files the Required
Filings and the BCSC makes an order revoking the MCTO. All other parties are
permitted to freely trade the Company's securities.


The Company's auditors are completing the audit of the Company's financial
statements for the year ended December 31, 2011. As previously announced, due to
the occupation of the Company's Sinivit Mine by certain landowners, neither the
Company's auditors nor the Company were able to conduct a physical stock-take of
inventories on site. Because of the material value of the inventory additional
audit procedures are being conducted to validate the inventory balances. As a
consequence, the Company now expects to file the Required Filings on or before
June 15, 2012. In addition, until the audit is completed, the Company will not
be in a position to finalize its unaudited financial statements for the three
months ended March 31, 2012 and its related Management's Discussion and Analysis
and Chief Executive Officer and Chief Financial Officer certifications (the
"Interim Filings"). Therefore, the Interim Filings will not be filed by the May
30, 2012 deadline.


Until the Required Filings and Interim Filings are filed, the Company intends to
continue to satisfy the provisions of the Alternative Information Guidelines
(the "AIG") specified in Section 4.4 of NP 12-203 by issuing bi-weekly Default
Status Reports, each of which will be issued in the form of a news release. NGG
intends to file, if required, its next Default Status Report by June 11, 2012.


Pursuant to the requirements of the AIG, the Company reports that, since the
issuance of the Default Notice and subsequent Default Status Reports on May 1,
2012 and May 14, 2012, except as stated in this Default Status Report, there has
not been any material change to the information provided therein, nor has there
been any failure by the Company in fulfilling its stated intentions with respect
to satisfying the AIG. In addition, there has not been any specified default by
the Company under NP 12-203 other than the delay in filing the Required Filings,
and there is no other material information concerning the affairs of the Company
that has not been generally disclosed.


ON BEHALF OF THE BOARD

Greg Heaney, CEO and Director

For further information please contact info@newguineagold.ca or access our
website www.newguineagold.ca.


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, may
prove to be imprecise and, as such, undue reliance should not be placed on the
forward-looking statements.

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