New Guinea Gold re-starts exploration at Sinivit and Imwauna

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	    Trading Symbols: TSX-V: NGG
	    Frankfurt: NG8.FSE
	    Web Site: www.newguineagold.ca
	    >>

	    VANCOUVER, Feb. 18 /CNW/ - New Guinea Gold Corporation (NGG or the
Company) has recommenced exploration at its Sinivit and Imwauna Projects in
Papua New Guinea. Exploration expenditure estimates (actual budgets are still
to be confirmed by Joint Venture partners) for 2010 are as follows: Sinivit -
$2 million; Imwauna - $2.5 million, Sehulea (Weioko) - $1 million. In addition
we expect Vangold to spend at least $2 million on its projects in 2010, and
Barrick Gold to spend $5 million on the Coppermoly Joint Venture.

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	    SINIVIT EXPLORATION
	    -------------------
	    Sinivit Exploration can be divided into five parts, Sinivit oxide, Sinivit
sulphide, Kavarsuki, Tellurium and Other.

	    -  Sinivit Oxide - We are presently drilling at the northern extension of
	       the northern oxide (see recent Press Release for high grade surface
	       trench results at Northern Oxide Zone), using NGG's RC drill rig.
	       Results should be announced in March. This will be additional
	       mineralisation to the original Resource. We are planning a second
	       phase of 30m deep RC drilling from the base of the pit, when the pit
	       reaches a depth equivalent to the limit of the former RC drilling.
	       This work will be carried out over the next 12 months, and will define
	       oxide, transitional and sulphide mineralisation directly below the
	       pit.

	    -  Sinivit Sulphide - Copper, gold, tellurium mineralisation extends to
	       depth over a known strike length in excess of a kilometre. To better
	       target significant major sulphide concentrations, which is difficult
	       to do at present using diamond core drilling, we intend to complete a
	       3D Induced Polarisation (IP) survey in April. The IP measurements will
	       be recorded for the grid lines shown on the attached plan. Note, the
	       mine is in the centre of the plan. Drilling would then test the
	       anomalies that have been defined.

	       IP is a method whereby conductivity and resistivity of the sub-surface
	       rock can be recorded. Sulphides will normally have a higher
	       conductivity than surrounding wall rocks and can then be located by
	       this method. This method was used successfully at Mt Nakru (see
	       Coppermoly releases for details - NGG has a 23% interest in
	       Coppermoly).

	       The cost of the IP program is estimated at US$100,000.

	       To view map, please see the following url:
	       http://files.newswire.ca/821/NGGC_Sinivit.pdf

	    -  Kavursuki  -  The Kavursuki zone is 1km to 2kms north of the northern
	       oxide zone. It represents a possible major addition to the oxide
	       resource and in particular a low copper resource. The IP will cover
	       this zone as well as Sinivit (see attached plan). Previous exploration
	       including substantial bulldozer trenching and twelve diamond drill
	       holes for a total advance of 1,258.45m was completed over a distance
	       of 900 metres along the Kavursuki Prospect. Significant trenching
	       results include the following:

	       -  28m at 4.84 g/t Au including 14m @ 7.11 g/t Au
	       -  10m at 1.36 g/t Au
	       -  8m at 2.1 g/t Au
	       -  7m at 1.24 g/t Au

	       Historical drill results that intersected significant oxide
	       mineralisation are:

	                  -----------------------------------------
	                              From          Interval  Gold
	                   Hole No    (m)    To (m)   (m)    (g/t)
	                  -----------------------------------------
	                   90KVD003   2.10    3.70    1.60    1.42
	                  -----------------------------------------
	                   90KVD005   5.35    6.60    1.25   13.45
	                  -----------------------------------------
	                             30.60   37.40    6.80    1.87
	                  -----------------------------------------
	                   90KVD007  11.20   17.20    6.00    1.18
	                  -----------------------------------------
	                   90KVD009  43.15   48.40    5.25    8.04
	                  -----------------------------------------

	             (See attached figure for trench and drill locations)

	       Trenching is well underway to expose the surface of this zone over its
	       entire 900m length. RC drilling will follow in April and May.

	       The area is rugged, with perhaps 50m vertical extent of the zone
	       exposed on hill slopes in some areas.

	    -  Tellurium
	       ---------
	       As noted in a recent Press Release, Tellurium has an attractive
	       theoretical in ground, or in vat value at Sinivit, both in the crushed
	       oxide mineralisation presently in vats and in the mineralisation yet
	       to be mined.

	       An extensive sampling program of material in vats, previously drilled
	       RC drill holes, diamond core holes and channel sampling in the pits is
	       underway to provide a better understanding of the overall tellurium
	       content of the system.

	       We expect to dispatch samples to an interested buyer in the USA in
	       early March for metallurgical testing to determine if the tellurium
	       can be economically recovered.

	    -  Other Exploration outside Sinivit and Kavarsuki
	       -----------------------------------------------
	       The Sinivit or Wild Dog structure can be traced for over 10 kms with
	       anomalous gold/copper/tellurium.

	       The IP survey will cover the area immediately south of the mine.
	       Excavator trenching will also be completed over this zone during the
	       next half year.

	       To view map, please see the following url:
	       http://files.newswire.ca/821/NGGC_Sinivit.pdf


	    IMWAUNA - 7238550 CANADA LTD JOINT VENTURE
	    ------------------------------------------
	    >>
	    The "Feasibility Study", required by the PNG Government for the Imwauna
Project is well underway (will not be a compliant NI 43-101 report) and should
be completed by late March 2010.
	    We have commenced planning for underground exploration to confirm mining
characteristics and grade. This work could commence in Third Quarter 2010. We
have also commenced excavator trenching along the "line" of the vein system.
We previously had trenched every 25m - we will reopen and resample these
trenches (dug in 1998). In addition, in higher grade areas we will dig
intervening trenches every 12.5m. The trench results will give accurate
information on the surface mineralisation and help plan an open pit.
	    We plan to commence diamond core drilling in the near future in the
southern high grade area to provide more detailed information on this zone,
plus samples for metallurgical testing. The above results should become
available from early April.
	    Our Joint Venture Partner, 7238550 Canada Ltd, will provide CAD$200,000
to NGG early in March, to cover the cost of the "Feasibility Study", and will
reimburse the exploration costs for the exploration presently being carried
out after EL 1091 is renewed by the PNG Government, which is expected in late
April/early May 2010.
	    Weioko (EL 1069 Sehulea) has now been included in this joint venture with
work commitment for both Imwauna and Weioko increased to CAD$8 million in
total.

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	    VANGOLD
	    -------
	    >>
	    Vangold have approved a CAD$230,000 program for Mt Penck which will
commence in March. The camp will be constructed; a detailed survey of all
drill holes, trenches, etc plus a new exploration grid will be completed; an
IP survey will be completed in late April/May 2010, followed by geochemical
sampling of the extended grid and trenches.
	    The above surveys are expected to define major drill targets additional
to Kavola South. Drilling could commence as early as May 2010.
	    We are also planning IP surveys for parts of Fergusson and Allemata
licences.
	    Vangold will advance NGG CAD$100,000 by the end of February to allow the
above work program to commence.

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	    COPPERMOLY
	    ----------
	    >>
	    A recent Press Release summarises the Coppermoly position. Barrick are
expected to commence drilling about April 2010.

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	    GOLD ANOMALY LIMITED
	    --------------------
	    >>
	    A recent Press Release summarises the work in progress at Crater
Mountain. Gold Anomaly have agreed we can release their ASX Releases as our
Press Release, using their Q.P. to authorise the exploration results.
	    The information in this release was prepared under the direction of
Robert D. McNeil a Fellow of the Australasian Institute of Mining and
Metallurgy and a "qualified person" as defined by National Instrument 43-101.
Mr McNeil has read and approves the information contained herein.
	    Full details of the Sinivit Mine are described in an Independent N1
43-101 report dated January 2006 which is available at www.newguineagold.ca
and in its recent Press Releases.

	    <<
	    ON BEHALF OF THE BOARD

	    R.D.McNeil
	    CHAIRMAN & CEO
	    >>

	    Neither 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.






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	    /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/