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New Gold Publishes 2021 Sustainability Report

Press Release

TORONTO, June 6, 2022 – New Gold Inc. (“New Gold” or the “Company”) (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2021 Sustainability Report (the “Report”). New Gold has published an annual Sustainability Report since 2015, reporting on safety, environmental, economic, and social topics important to the communities where we operate, our employees, and other stakeholders. The Report is available on our website at www.newgold.com.

“We are pleased to release our 2021 Sustainability Report which builds off of our Sustainability Strategy launched last year,” stated Renaud Adams, President & CEO. “The theme of this year’s report is Resilience. I am proud of how our teams and communities came together throughout the year with 2021 being a year of great opportunities and challenges for New Gold’s people, operations, and the Indigenous communities we partner with. We continue to evolve our reporting on key matters related to ESG, and in 2021, we progressed our alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and developed our first standalone TCFD Report.”

“Sustainability remains at the core of New Gold’s Mission and Values, and I am pleased to announce Bethany Borody has been promoted to the position of Vice President, Sustainability. I am confident Beth and our teams will deliver on our goals out to 2030 as outlined in our Sustainability Strategy,” added Mr. Adams.

The 2021 Sustainability Report was prepared in accordance with the GRI Standards and the G4 Mining and Metals Sector Disclosures. The Company has also prepared the report in accordance with the SASB Metals and Mining Standards to allow for integration of sustainability accounting. For the 2021 Report, the Company once again mapped against the United Nations Sustainable Development Goals (UN SDGs) to better align with the global market and expand how New Gold communicates performance to stakeholders. New Gold continues to be the only Canadian company operating in Canada to report against the Local Procurement Reporting Mechanism (LPRM). The Company continues to align reporting with the TCFD and developed its inaugural standalone TCFD Report. Concurrent with the 2021 Report and in an effort to enhance transparency, the Company is pleased to announce it has launched an interactive ESG database highlighting historical data, which is available on our website.

2021 Highlights

  • Completed a TCFD gap and readiness assessment to support the development of a climate action strategy with a target of a 30% reduction in Scope 1 and Scope 2 GHG emissions by 2030, using 2020 GHG emissions as a baseline, and undertook a climate risk assessment using scenario analysis with a third-party consultant.
  • Signed a new Cooperation Agreement with the Tk’emlúps te Secwépemc and the Skeetchestn Indian Band (collectively, the SSN), replacing the existing Participation Agreement and strengthening the relationship between the New Afton team and SSN members.
  • Expanded the total number of active Fire and Mine Rescue Team members in 2021 at New Afton, including the addition of the first two female recruits to the team.
  • Increased total Indigenous procurement spend at Rainy River and New Afton by approximately 35% to $179 million. The Company continues to seek opportunities for local and Indigenous vendors to participate in our supply chain and to report on annual spend through the LPRM.
  • Achieved compliance with Mining Association of Canada (MAC) and Canadian Dam Association (CDA) for all tailings management plans. New Afton received AAA rating on all five indicators under the Tailings Management Protocol and received AAA rating on all three indicators under the Energy and Greenhouse Gas Emissions Management Protocol.
  • Continued to operate under the company-wide Pandemic Response and Business Plan, working with our communities and employees to assess and develop contingency plans that address risks. New Gold continues to identify and implement measures to protect our workforce and communities.
About New Gold

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com.

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