NGG

New Guinea Gold Corporation ("NGG" or the "Company") (TSX VENTURE:NGG) 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,
additional audit procedures were being conducted to validate the inventory
balance as at December 31, 2011. This was due to the occupation of the Company's
Sinivit Mine by certain landowners, meaning neither the Company's auditors nor
the Company were able to conduct a physical stock-take of inventories on site as
at December 31. These additional audit procedures are now complete, with the
Company's auditors now in the final stages of completing their audit work and
reviewing the Required Filings. 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 be
filed immediately following the lodgment of the Required Filings.  


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 25, 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, May 14, 2012 and May 29, 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

Forward-Looking Statements - Certain information set forth in this news release
contains forward-looking statements, including the timing of filing of NGG's
Annual Financial Filings. These forward-looking statements involve substantial
known and unknown 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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