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New Guinea Gold Announces
Appointment of New Acting CEO
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New Guinea Gold Corporation (?New
Guinea Gold? or the ?Company?) is pleased to announce the appointment of Mr.
Greg Heaney of Brisbane, Australia as Acting Chief Executive Officer (?CEO?)
effective July 4, 2011. Mr. Heaney brings over 28 years of experience in
senior level financial and management roles from the mining industry and
management consulting sector. He has extensive experience in finance, mergers
and acquisitions, investor relations and public reporting. He has had mining
industry specific experience with a major engineering consulting and
contracting firm.
Mr. Ces Iewago, Chairman of the Board, commented; ?Mr. Heaney has
a very strong financial background in the mining industry and we are very
pleased to have him join the Company in the CEO role. With his experience and
financial skills, he is bringing very valuable assets to New Guinea Gold.?
Mr. Heaney will initially assume
the interim CEO role for three months during which period the Board and Mr.
Heaney will review the terms of his continuation as CEO for the longer term.
About New Guinea Gold
Corporation
New Guinea Gold is a premier
junior explorer and miner in Papua New Guinea, with direct and indirect
interests in eight gold and two porphyry copper-gold-molybdenum properties.
With 90,000 + metres of drilling completed, gold or
copper-gold-molybdenum mineralization has been discovered on all of the
properties. The Company's premier property, the Sinivit
Mine, has been producing gold since August 2007 and the Company is focused on
expanding the exploration program, increasing production from the mine and developing
the gold, copper and tellurium resources.
For further information on this
release or on other NGG projects such as the Sinivit
Gold Mine, contact info@newguineagold.ca, or
access our website ? www.newguineagold.ca
ON BEHALF
OF THE BOARD
Colin
McKenzie
Director
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