New World Gold Corp. (OTCPK:NWGC) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares.

The shares will be repurchased under Sections 9(a)(2) and 10(b) of the Exchange Act and Rule 10b-5 under the Exchange Act in accordance with the Rule's manner, timing, price and volume conditions. The purpose of the program is to enhance shareholder value. The program will continue till December 31, 2014.