New Guinea Gold Corp: drilling commenced at Mt Penck

3000m DRILL PROGRAM COMMENCED AT MT PENCK  ON 24^th APRIL 2009

The Mt Penck property encompasses a large circular feature and is part of an eroded, extinct  strata-volcano. Gold mineralisation is widespread within the circular feature, but to date detailed work has only been completed within the small area shown in Figure 1.  Most of the licence area is effectively unexplored. 

Mt Penck is owned 20% by New Guinea Gold Corporation (NGG), and 80% by Kanon Resources Ltd. (beneficial ownership is 60% by NGG and 40% Vangold Resources Ltd.) The property consists of Exploration Licence 1322 of approximately 102.6 sq kms and is situated 55 kms by road west of Kimbe, the Provincial Capital of West New Britain. 

The present program of approximately 25 holes totalling 3000m is designed to complete the evaluation of the Kavola East mineralisation to a point that will allow a resource estimate, in accordance with the guidelines of NI 43-101, to be completed. It is also designed to test high grade gold values at Kavola South, Peni Creek and other projects.  This first phase program may be ongoing, depending on assay results and corporate funding. 

Bob McNeil, CEO and Chairman of New Guinea Gold Corporation commented: "The Mt Penck Project is an exciting project for both parties (NGG and Vangold) with excellent potential, based on drill results to date, for the ultimate definition of a significant gold resource.  The project has been largely inactive for the last year as the partners prepared an IPO for parent company, Pacific Kanon Gold Corporation.  This IPO is presently on hold, the partners are now directly funding the exploration and the IPO could be reactivated if market conditions are favourable.

The project has good access and is close to infrastructure and the Provincial Capital of Kimbe. Drill assay results should become available from mid/late May and be released on a regular basis thereafter". 

Kanon Resources has completed 38 diamond core holes totalling approximately 4700m.  Results include intersections such as 72m at 1.79g/t gold, 14m at 2.82g/t gold and 2m at 36.7g/t gold. 

Several kilometres of bulldozer and hand dug trenches by Kanon yielded intersections such as 18m at 3.79g/t gold, 8m at 7.72g/t gold, 18m at 1.72g/t gold, 3m at 16.32g/t gold and 3m at 180g/t gold. 

Seven diamond core holes totalling 1093m and 1140.5m of Aircore/RC drilling were completed by previous explorers. 

To indicate the potential of the project, all drill hole intersections (present and historic) above an 0.2g/t cut off are shown in Table 1. Trench results are shown in Table 2. Drill hole and trench locations are shown in an Independent NI 43-101 report on Sedar or at www.newguineagold.ca. 

Drilling will be carried out by two company owned diamond core rigs, staffed and operated by the Company.  The drills are supported by one 20t excavator and tracked vehicles for transportation.  Drilling sites are all within a few kilometres of the coast. 

Previous drill hole locations and proposed drill sites are shown on Figure 2.  The coloured zones represent anomalous gold in soils, many of which may represent significant gold in bedrock. 

The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australian Institute of Mines and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein. 

For further information on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net or access our website - www.newguineagold.ca