BOCA RATON, FL -- (Marketwire) -- 10/11/11 -- New World Gold Corporation (PINKSHEETS: NWGC) is pleased to announce that the upgrades to the Peru mill are completed and that its Peru operation will be producing 20 tons of ore per day with a head grade of .5 ozs (15.5 gms) of gold per ton by the end of October 2011. It is anticipated that by the end of November, 2011, the Peru mill will be producing 30 tons of ore per day and that the head grade will increase to 1.0 ozs (31 gms) of gold per ton. It should be noted that there are very few junior gold companies in production and even less that have their own mill.
New World Gold Corporation has two producing mills. It does not depend on other companies to process its ore. The company also processes other companies' ore and generates a secondary cash flow. As the company increases the capacities of its mills, it will continue to increase the amount of ore that it processes for other companies.
The Company has proven developed reserves and proven reserves. The Company's corporate strategy involves a long term, result oriented approach to the exploration and development of gold reserves in politically stable environments.
New World Gold Corporation trades in the United States on the NQB Pink Sheets under the symbol "NWGC." For further information, please contact the Company at (561) 210 8496 or at www.newworldgoldcorp.com.
NOTE: This release includes "forward-looking statements" within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
New World Gold Corporation
(561) 210 8496
www.newworldgoldcorp.com