Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices



    TORONTO, June 2 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:

    
    -   The shareholders of Western Goldfields Inc. (TSX:WGI) and New Gold
        Inc. (TSX:NGD) have approved the combination of the two companies.
        Pursuant to the transaction, each share of Western Goldfields will be
        exchanged for 1 share of New Gold. Western Goldfields will be removed
        from the S&P/TSX SmallCap and Equity SmallCap indices and the
        relative weight of New Gold will go up in the same indices to reflect
        the issuance of new shares as part of the transaction, which will be
        effective after the close of Thursday, June 4, 2009.
    

    Company additions to and deletions from an S&P equity index do not in any
way reflect an opinion on the investment merits of the company.

    Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE:  MHP),
is the world's foremost provider of independent credit ratings, indices, risk
evaluation, investment research and data. With approximately 10,000 employees,
including wholly owned affiliates, located in 23 countries and markets,
Standard & Poor's is an essential part of the world's financial infrastructure
and has played a leading role for more than 140 years in providing investors
with the independent benchmarks they need to feel more confident about their
investment and financial decisions. For more information, visit
http://www.standardandpoors.com.




For further information:

For further information: Tony North, (416) 507-3204,
sp_index@standardandpoors.com; Dave Guarino, (212) 438-1471,
Dave_guarino@standardandpoors.com

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Standard & Poor's Canadian Index Operations

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