Caution regarding forward-looking statements
This Annual Report contains statements about expected future events and financial and operating results of New Gold that are forward-looking. By their nature, forward-looking statements require New Gold to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the assumptions, predictions and other forward-looking statements will not prove to be accurate. You are cautioned not to place undue reliance on forward-looking statements. A number of factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly this Annual Report is qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management’s Discussion and Analysis section of this Annual Report and in other New Gold public disclosure documents and filings with securities commissions in Canada (on and in the United States (on EDGAR at New Gold does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.


All dollar amounts are noted in US dollars unless otherwise indicated.