AMAPARI

New Gold Inc. received results of the first five diamond drill holes from its Cerro San Pedro Sulfide exploration project in San Luis Potosí, Mexico, which include an intersection of 51.9 meters of manto-style sulfide mineralization averaging 2.08 g/t gold, 131.8 g/t silver, 6.14% zinc and 2.01% lead, followed by 169 meters of porphyry sulfide mineralization averaging 0.61 g/t gold, 12.8 g/t silver, 0.48% zinc and 0.14% lead beginning at a vertical depth of approximately 400 meters from surface (Hole CSPD-05C). New Gold also reported that AMC Mining Consultants (Canada) Ltd (AMC) has completed a Scoping Study to assess the potential for mining of sulfide mineral resources and the remaining oxide mineral resources with a new project involving the construction of a two stage ball mill and carbon-in-leach (“CIL”) processing plant at the company’s Amapari project in northern Brazil. The Amapari open pit operation was placed on temporary care and maintenance in January 2009.

AMC Mining Consultants (Canada) Ltd (AMC) has completed a Scoping Study to assess the potential for mining of sulfide mineral resources and the remaining oxide mineral resources with a new project involving the construction of a two stage ball mill and carbon-in-leach (“CIL”) processing plant at the company’s Amapari project. Mining of the sulfide mineral resources has not previously been evaluated in a pre-feasibility study or feasibility study. The Amapari open pit operation was placed on temporary care and maintenance in January 2009.

During the quarter gold production from previously stacked ore was 13,726 ounces for the quarter, exceeding 2009 production guidance of 10,000 to 12,000 ounces. First quarter gold sales were 16,227 ounces at a cash cost of $696 per ounce. Leaching of the material stacked in the fourth quarter has now (reported Apr21/09) been completed and leach pads are in the final stage of neutralization. New Gold is evaluating a recently completed Preliminary Assessment on the economics of developing the sulphide resources at Amapari which would require installation of a conventional crush/grind/carbon-in-leach mill. Considering the large land package in a geologically permissive setting and the occurrence of several interesting targets, the company is also investigating other strategic alternatives for the project. This analysis is expected to be completed in the coming weeks (stated Apr21/09).