New Guinea Gold Corp : 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

Frankfurt: NG8

Web Site: www.newguineagold.ca

COMPANY UPDATE

November 4, 2013, Vancouver, B.C., New Guinea Gold Corporation ("New Guinea Gold" or the "Company") (TSXV: NGG) is pleased to provide the following update on its activities and plans moving forwards.

Site Operations

Site operations remain limited to leaching previously mined Ore. On site staff are also working on finalizing the feasibility study for Phase II mining and processing.
During late October Mr. Greg Heaney and Mr. Arthur Alexander travelled to Kokopo to finalise the negotiations of the new Memorandum of Agreement (MOA) with the newly formed Sinivit Landowners Association (SLA), the East New Britain Provincial Government (ENBPG) and the Mineral Resources Authority (MRA). Various other State Departments were also represented. The meetings were extremely successful and the new MOA provides a fair and forwards looking platform for the future of the project. Full details will be released once the MOA and supporting appendices are finalized and executed.

Corporate Activity

The Board and Executives are still progressing discussions with several potential counter- parties with a view to completing a transaction that will maximize value to shareholders and secure the future of the Sinivit mine and associated exploration licenses. The Company will update shareholders on the status of these discussions as they progress.

Reinstatement to Trading on TSX-V

The Company has applied to the TSX Venture Exchange for the reinstatement of trading of its securities on the TSX-V.
Although NGG cannot advise timing of the reinstatement to trading at this point, the Company expects this to occur in the very near future once its application for reinstatement has been assessed by the TSX-V.
The Company will continue to keep shareholders informed on the progress of its reinstatement to trading as things progress.

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.

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