TORONTO, Aug. 14 /CNW/ - Seymour Schulich, through his holding company,
Nevada Capital Corporation Ltd. and his RRSP, 20 Eglinton Avenue West, Suite
1900, Toronto, Ontario M4R 1K8, announced today that he has purchased an
additional 5,000,000 common shares of New Gold Inc. (TSX: NGD) (the "Company")
through the facilities of the Toronto Stock Exchange.
As a result of these purchases, Mr. Schulich currently owns or exercises
control and direction over 25,000,000 common shares of the Company. Mr.
Schulich's current shareholdings represent approximately 12% of the current
issued and outstanding common shares of the Company. Mr. Schulich has further
advised the Company that he has acquired the 5,000,000 common shares for
investment purposes. Mr. Schulich has indicated that he will review his
holdings from time to time and that he may increase or decrease his position
as future circumstances may dictate.
For further information: Seymour Schulich, (416) 480-6483