NEW GOLD INC. 
By (All figures are in US dollars unless otherwise indicated)
April 17, 2012 - New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today provides a development and exploration update for its two exciting British Columbia growth projects, New Afton and Blackwater. The company's New Afton project remains on schedule with milling starting in June 2012 and commercial production expected in August of this year. At Blackwater, exploration activity continues to accelerate with the completion of 112 holes totaling 44,334 metres in the first three months of the year. Today, New Gold is reporting assays for an additional
38 holes totaling 15,104 metres received since its March 7,
2012 resource and exploration update. In March, after the
signing of exploration agreements with the two local First
Nations, New Gold received a Multi-Year Area Based ("MYAB")
exploration permit enabling the company to expand its drill
grid in the Blackwater area. There are currently 10 drills
active at site. Four to six additional drills will be added
in May which will further increase the
drilling rate at Blackwater.
New Afton 2012 Development Highlights - Through March 31, 2012
