NEW GOLD PROVIDES EXPLORATION UPDATE FOR NEW AFTON AND RAINY RIVER MINES, HIGHLIGHTED BY SIGNIFICANT GROWTH AT NEW AFTON'S K-ZONE

Core Insights - New Gold Inc. has reported significant exploration success at its New Afton and Rainy River mines, with notable expansions in mineralized systems and increased exploration budgets to further enhance resource estimates [1][4]. Group 1: New Afton Mine Developments - The K-Zone mineralized system at New Afton has more than doubled in size, now extending approximately 600 meters in strike length and 900 meters in vertical extent, with new mineralization discovered 550 meters to the east [2][5]. - Recent drilling has confirmed the continuity of previously reported mineralization and identified new copper-gold porphyry mineralization, enhancing the growth potential of the K-Zone [5][6]. - The company plans to increase its exploration budget for New Afton by $5 million to a total of $22 million for 2025, aiming for a maiden mineral resource announcement for K-Zone by year-end 2025 [8]. Group 2: Rainy River Mine Developments - At Rainy River, surface and underground drilling has successfully extended mineralization in the NW Trend and underground mining zones, contributing to the offset of mining depletion [3][14]. - The 2025 exploration program is focused on infill drilling to convert Inferred Mineral Resources to Indicated, with approximately 45,000 meters of the planned 58,000-meter program completed as of August [15][16]. - Positive results from the NW Trend exploration are expected to enhance the classification of resources and expand the footprint of the mineralized zones [16][17].