New Gold Inc.

09:55 AM EST - New Gold Inc. : Reports preliminary fourth-quarter and annual results from the Rainy River and New Afton Mines, achieving annual production guidance. (All amounts are in U.S. dollars). Total production (excluding production from the Cerro San Pedro Mine) for the fourth quarter was 101,423 gold equivalent (gold eq.) ounces (66,856 ounces of gold, 140,475 ounces of silver and 18.3 million pounds of copper). For the year, production was 486,141 gold eq. ounces (322,557 ounces of gold, 596,452 ounces of silver and 79.4 million pounds of copper), achieving annual guidance of 465,000 to 520,000 gold eq. ounces. Total cash costs are expected to increase in the quarter and achieve the higher end of guidance of $740 to $820 per gold eq. ounce for the year. As of the end of the quarter, the Company had available liquidity of approximately $335 million, including $83 million in cash and cash equivalents. New Gold Inc. shares T.NGD are trading down $0.04 at $1.31.