New Gold Inc. (TSX: NGD) (NYSE American: NGD) announces that, pursuant to the terms of the indenture governing its 6.375% Senior Notes due 2025, it has issued a notice of redemption to redeem the remaining $100 million aggregate principal amount of outstanding 2025 Notes on May 15, 2022. The redemption of the 2025 Notes will be funded with cash on hand.

About New Gold

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds a 5% equity stake in Artemis Gold Inc. and other Canadian-focused investments. New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility.