New World Gold Corporation (OTC Pink: NWGC ) a gold mining and milling Company with operations in Ecuador and Peru is pleased to announce its secondary and comprehensive sampling program on its rare earth, Antimony, deposit in Ecuador has been completed. Based on the results of the testing, the Company will begin to design a drilling program that will define the Antimony ore body and the economic feasibility of developing the ore body. It should be noted that this lease also has significant gold reserves that are being evaluated at the same time. The drilling program will assess both deposits.

The Company expects to option the rare earth deposit to a Chinese group. The option agreement will require expenditures of $500,000 per year in development over a 3 year period. The development work will allow the gold deposit to also be developed. The Company will act as operator of the entire project and maintain a 100% interest in the gold operation and a 35% interest in the antimony deposit.

Processed antimony is used as an alloy to strengthen tin and steel. Antimony compounds contain fire retardants found in many commercial and domestic products like stoves and refrigerators. There is an emerging application for the use of Antimony in microelectronics.