New Guinea Gold : Annouces Delay In Annual Filings

PO Box 10328

Brisbane Adelaide St

Queensland, Australia, 4001

Ph [phone]

Fax: [phone]

Email: [e-mail]
Web: www.newguineagold.ca

Trading Symbols: TSX-V: NGG

Web Site: www.newguineagold.ca

DELAY IN ANNUAL FILINGS

May 1, 2014, Vancouver, British Columbia, New Guinea Gold Corporation ("New Guinea the "Company") (TSXV: NGG) announces that the filing of the Company's audited annual financial statements for the year ended December 31, 2013, including the related management discussion analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings") will not be filed by the required filing deadline of April 30, 2014 (the "Filing Deadline").
The Company has previously advised that it has been in advanced discussions with a number of parties who have expressed an interest in acquiring the assets of the Company, and in particular its PNG subsidiary company New Guinea Gold Limited. Those discussions are ongoing and it is the hope of the Board that they soon will result in a material transaction.
The Company has liaised with its Auditors over the past several months and has prepared consolidated financial statements for the year ending December 31, 2013 which are ready for audit. However, due to a pending transaction the Company's Auditors have advised that they would not finalise their audit work and issue an unqualified audit opinion until the transaction negotiations were complete and documented.
The Company now expects to lodge its Annual Financial Filings by May 30, 2014.

ON BEHALF OF THE BOARD

Greg Heaney
Director
For further information, please contact [e-mail], or access our website -
www.newguineagold.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements - Certain information set forth in this news release contains forward-looking statements, including the timing of filing of NGG's Annual Financial Filings. These forward looking statements involve substantial

known and unknown risks and uncertainties, certain of which are beyond the control of NGG, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.