Shareholders of Metallica Resources, New Gold and Peak Gold Approve US$1.6 Billion Business Combination

    VANCOUVER, June 18 /CNW/ - Metallica Resources Inc. ("Metallica
Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New Gold") (TSX and
AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK) are pleased to
announce that their respective shareholders have approved the business
combination of the three companies at meetings held on June 17, 2008 in
Vancouver (in the case of New Gold and Peak Gold) and in Toronto (in the case
of Metallica Resources). In excess of 99% of the votes cast at each of the
meetings were in favour of the business combination.
    The completion of the transaction remains subject to Court approval. If
Court approval is obtained, Metallica Resources, New Gold and Peak Gold
anticipate that the transaction will close on or about June 30, 2008.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Rhonda Bennetto, Director Investor Relations
and Corporate Communications, Metallica Resources Inc., Direct: (303)
640-3292, Toll-free: 1-888-933-0313 x5, Email:,
Website:; Laura Sandilands, Manager of Investor Relations,
New Gold Inc., Direct: (416) 977-1067, Toll-free: 1-877-977-1067, Email:, Website:; Melanie Hennessey,
Vice President Investor Relations, Peak Gold Ltd., Direct: (604) 696-3024,
Toll-free: 1-888-220-2760, Email:, Website:

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