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Tuesday, November 29, 2011

New World Gold Corporation Acquires Additional Mine in Peru

BOCA RATON, FL--(Marketwire - Nov 29, 2011) - New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce that is has acquired a second mine in Peru. The mine was ready to go on production but had no milling capability. The NWGC mill in Los Lamos area in Peru is less than 10 miles from the new mine. The NWGC mill has the capacity to process all of the ore that is available from the new mine. In the first three days of production the new mine delivered 95 tonnes of ore to the NWGC mill. The average results from this ore were 23 grams per ton of gold, 2000 grams per ton of silver and 1% copper. Internal reports indicate that this mine has 25,000 proven developed ozs of gold and another 40,000 ozs of proven gold reserves that need some development work before being brought on production, as well as 20,000 ozs of proven developed silver reserves.

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