COMPANY PROFILE

New Gold

New Gold is an intermediate gold producer with operating mines in Canada – the New Afton Mine in British Columbia and the Rainy River Mine in Ontario, and Mexico, the Cerro San Pedro Mine. In addition, New Gold’s principal development project is its 100% owned Blackwater project in British Columbia.

New Gold is committed to excellence in sustainability. We consider our ability to make a lasting and positive contribution to our host communities a key driver to achieving a productive and profitable business. At New Gold, we contribute to sustainable development by ensuring we have a detailed understanding of the impacts, and potential impacts, of our activities on communities and the environment. With this understanding we can minimize or prevent these impacts. We apply this risk-based approach throughout the mine life cycle, from early exploration through development and operation, to decommissioning and mine closure.

New Gold believes in positively contributing to the mining industry. As part of this commitment, New Gold is an active member of the Business for Social Responsibility, the Mining Association of Canada, the Prospectors and Developers Association of Canada, the Mining Association of Ontario and the Mining Association of British Columbia. We are also committed to the United Nations Global Compact’s principles on human rights, labor standards, the environment and anti-corruption.

New Gold is committed to achieving the highest possible level of performance with regards to safety, environmental protection and sustainable community development. This commitment drives New Gold to seek out those standards, protocols and performance indicators that assist our operations in achieving these goals. As a result, New Gold has adopted the following standards and added them to the New Gold Environmental Management Standards and Community Management Standards:

• The International Cyanide Management Code
• ISO 14001:2015 Environmental Management
• The Mining Association of Canada’s TSM

2013 was the first full year of operation at New Afton and the first year of mandatory TSM reporting. New Afton has now gone through two full reporting cycles with TSM and continues to show improvement on the TSM protocols. New Gold has used TSM as a tool of disclosure to assure our local communities and First Nations partners that there has been progress and improvement in the areas that are important to them.

This is New Afton’s sixth year of reporting to TSM and the site conducted external verification against the protocols. New Afton’s 2018 external verification was selected for COI Panel review which was completed in October 2018 and provided a great learning opportunity for the company.

New Afton was the first mine in North America to be certified under ISO 50001, Energy Management Systems, in 2014. We have met the criteria for AAA across the entire TSM Energy Use and GHG Emissions Management Protocol, but more importantly we have met or exceeded our energy targets which leads to dollar savings and lower GHG emissions and has yielded 35 GWh in energy conservation, enough to power 3,500 homes for a full year. In 2018, New Afton won a Canadian Industry Partnership for Energy Conservation (CIPEC) Leadership Award for Employee Awareness and Training.

As part of our commitment to being a socially responsible partner of choice, New Gold has adopted TSM at all of our sites, including those in other countries. In 2017, our Cerro San Pedro Mine received a TSM Leadership Award from the Mining Association of Canada for reaching a minimum of Level A across all indicators during external verification. As the site is undergoing a phased closure due to exhaustion of ore, one particularly pleasing aspect of the results was the achievement of AAA across all indicators of the TSM Aboriginal and Community Outreach Protocol. Cerro San Pedro has maintained the good results that it achieved for the last reporting period. Although Cerro San Pedro will report its TSM results externally moving forward, the site will continue to use the TSM Protocols to guide activities through the remainder of the closure process.

Rainy River Mine in Northern Ontario is now operating and is actively implementing TSM. Rainy River has completed a self-assessment and looks forward to having the results externally verified next year. External reporting of the results will commence in 2020.

For more information, please visit www.newgold.com or contact Bethany Borody: bethany.borody@newgold.com.