New Carolin Gold Corp. announced that it has obtained a loan of Four Hundred Thousand Dollars ($400,000) from an arm's length third party. The loan is secured by a general security agreement and, in certain circumstances and subject to regulatory approval, is convertible to shares of the Company at a price of $0.05 per share at the option of either party. The proceeds will be used for general working capital and have, in part, been used to repurchase the net profits royalty previously encumbering a portion of the Company's Ladner Creek Project.