New Guinea Gold : Announces Company Update

Canada: Australia:

900 595 Howe Street P.O. Box 10328

Vancouver, B.C., Canada, V6C2T5 Brisbane Adelaide St, Qld 4000

Phone: [phone], ext 103 Phone: [phone]

Fax: [phone] Fax: [phone]

Email: [e-mail] Email: [e-mail]

Trading Symbols: TSX-V: NGG

Web Site: www.newguineagold.ca

COMPANY UPDATE

February 21, 2014, Vancouver, B.C., New Guinea Gold Corporation ("New Guinea Gold" or the "Company") (TSXV: NGG) provides the following update.
The Company's subsidiary, New Guinea Gold Limited, has recently been one of seven respondents to a court action brought in Papua New Guinea by the East New Britain Provincal Government and the Uramot Company Limited concerning the extension of mining lease 122 in May 2012.
The Company has now received a copy of the Court Orders which has ordered the Register of Tenements, the Mineral Resources Authority and the Minister for Mining Mr. Byron Chan, to reconsider and determine New Guinea Gold Limited's application for an extension to the mining lease.
The Company is currently liaising with its legal advisers in Papua New Guinea and preparing for its application for the extension to the mining lease to be reconsidered by the relevant authorities.
Mining activities at the Company's Mt Sinivit mine in Papua New Guinea will continue uninterrupted whilst the mining leased extension application is considered.

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 Company s reinstatement of trading on the TSX Venture Exchange. 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 co mmodity

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.