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Metallica Resources, New Gold and Peak Gold Announce Signing of
Definitive Agreement for US$1.6 Billion Business Combination
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May 12, 2008 -- VANCOUVER, BC -- 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 they have signed a definitive agreement in
connection with the previously announced business combination (the
"Transaction").
Each of Metallica Resources, New Gold and Peak Gold have scheduled
shareholder meetings to be held on June 17, 2008 at which they will
seek their respective shareholder approvals required in connection with
the Transaction. It is anticipated that materials for such meetings
will be mailed to shareholders on or about May 26, 2008. The
Transaction is expected to close on or about June 30, 2008.
For further information please contact:
Rhonda Bennetto
Director Investor Relations and Corporate Communications
Metallica Resources Inc.
Direct: +1 (303) 640-3292
Toll-free: +1 (888) 933-0313 x5
Email: rmbennetto@metal-res.com
Website: www.metal-res.com
Laura Sandilands
Manager of Investor Relations
New Gold Inc.
Direct: +1 (416) 977-1067
Toll-free: +1 (877) 977-1067
Email: lsandilands@newgoldinc.com
Website: www.newgoldinc.com
Melanie Hennessey
Vice President Investor Relations
Peak Gold Ltd.
Direct: +1 (604) 696-3024
Toll-free: +1 (888) 220-2760
Email: info@peakgold.com
Website: www.peakgold.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2008 NEW GOLD INC. (TSX/AMEX:NGD) All rights reserved.
For more information visit our website at http://www.newgoldinc.com/ or
send mailto:invest@newgoldinc.com
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