New Gold Receives Environmental Approvals for Rainy River Project

TORONTO, Jan. 30, 2015 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD) and (NYSE MKT:NGD) today announces that the company has received the key environmental approvals for its Rainy River project located in Ontario, Canada.

The Canadian Environmental Assessment Agency and the Ontario Ministry of Environment and Climate Change separately completed their detailed assessments of the Rainy River project and subsequently announced their respective decisions. The Federal Environmental Assessment approval was granted on January 12, 2015 and the Provincial approval was granted on January 29, 2015. Receipt of these approvals now enables the company to apply for other permits through the development and operational phases of the project and to begin its preliminary development work at site in the coming weeks.

"This is a very important milestone for both the Rainy River project and our company," stated Robert Gallagher , President and Chief Executive Officer. "With the approvals now in place, we look forward to continuing to work with all stakeholders to execute on the successful development of the Rainy River project. With its long life, robust production profile and low cost, Rainy River is positioned to be a key asset for New Gold and to contribute significantly to the local communities for many years to come."

New Gold looks forward to providing further updates on the Rainy River project.

ABOUT NEW GOLD INC.

New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and three significant development projects. The New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico, provide the company with its current production base. In addition, New Gold owns 100% of the Rainy River and Blackwater projects, both in Canada, as well as 30% of the El Morro project located in Chile. New Gold's objective is to be the leading intermediate gold producer, focused on the environment and social responsibility. For further information on the company, please visit www.newgold.com.