<SEC-DOCUMENT>0001157523-21-000043.txt : 20210114
<SEC-HEADER>0001157523-21-000043.hdr.sgml : 20210114
<ACCEPTANCE-DATETIME>20210114064241
ACCESSION NUMBER:		0001157523-21-000043
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210114
FILED AS OF DATE:		20210114
DATE AS OF CHANGE:		20210114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Gold Inc. /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31722
		FILM NUMBER:		21527473

	BUSINESS ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3
		BUSINESS PHONE:		(416) 324-6000

	MAIL ADDRESS:	
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRC RESOURCES CORP                                      /FI
		DATE OF NAME CHANGE:	19860904
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a52361516.htm
<DESCRIPTION>NEW GOLD INC. 6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-indent: 36pt;">&#160;<br>
      &#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Form 6-K</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</div>
    <div style="text-align: center; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">For the month of January 2021.</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div>Commission File Number 001-31722</div>
    <div><br>
    </div>
    <div style="text-align: center;"><img src="image.jpg"> </div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">New Gold Inc.</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: center;">Suite 3320 &#8211; 181 Bay Street</div>
    <div style="text-align: center;">Toronto, Ontario M5J 2T3</div>
    <div style="text-align: center;">Canada</div>
    <div style="text-align: center;">(Address of principal executive office)</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Form 20-F &#9744; Form 40-F &#9746;</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#9744;</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note</font><font style="font-family: 'Times New Roman',Times,serif;">: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to
        security holders.</font></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#9744;</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div><font style="font-weight: bold;">Note: </font><font style="font-family: 'Times New Roman',Times,serif;">Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the
        registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country
        exchange on which the registrant&#8217;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant&#8217;s security holders, and, if discussing a material event,
        has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">DOCUMENTS FILED AS PART OF THIS FORM 6-K</div>
      <div style="font-family: 'Times New Roman',Times,serif;"><br>
      </div>
      <div style="text-align: center; font-weight: bold;">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z9bed7a07b8bb416ca5a224199e166482" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 8%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Exhibit</div>
            </td>
            <td style="width: 92%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: center; font-weight: bold;">
              <div>Description</div>
            </td>
          </tr>
          <tr>
            <td style="width: 8%; vertical-align: top;">
              <div><a href="a52361516ex991.htm"><u>99.1</u></a></div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div><a href="a52361516ex991.htm"><u>New Gold Inc. News Release date January 14, 2021 &#8211; New Gold Reports Fourth Quarter and Annual Operational
                    Results; Achieves Annual Production Guidance</u></a></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
        authorized.</div>
      <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z60c1f0f975b3466e84cc87fadcbf6e39" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 48.25%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-weight: bold;">NEW GOLD INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.25%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.25%; vertical-align: top; padding-bottom: 2px;"><br>
            </td>
            <td style="width: 3%; vertical-align: top; text-align: center;">
              <div style="font-family: 'Times New Roman',Times,serif;">By:</div>
            </td>
            <td style="width: 46%; vertical-align: bottom;">
              <div style="font-style: italic;"><br>
              </div>
            </td>
            <td style="width: 3.37%; vertical-align: top; padding-bottom: 2px;" rowspan="2">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.25%; vertical-align: top; padding-bottom: 2px;">Date:&#160;January 14, 2021</td>
            <td style="width: 3%; vertical-align: top; text-align: center; padding-bottom: 2px;">&#160;</td>
            <td style="width: 46%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Sean Keating</td>
          </tr>
          <tr>
            <td style="width: 48.25%; vertical-align: top;">
              <div><br>
              </div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: middle;" colspan="2">
              <div>Sean Keating </div>
              <div>Vice President, General Counsel and Corporate Secretary</div>
            </td>
          </tr>

      </table>
    </div>
    <div><font style="font-family: 'Times New Roman',Times,serif;"> <br>
      </font></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52361516ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Business Wire
         Document created using EDGARfilings PROfile 7.2.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <!--PROfilePageNumberReset%Num%1%%%-->
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div><font style="font-weight: bold;"> </font>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zb2e93b6990d84639882ea19016e25e8a">

        <tr>
          <td style="width: 50.00%;"><img src="image.jpg"> </td>
          <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <div style="text-align: center; color: #4D7F71; font-family: Arial, sans-serif; font-size: 16pt; font-weight: bold;">&#160;New Gold Reports Fourth Quarter and Annual Operational Results; Achieves Annual Production Guidance</div>
      <div style="text-align: center; color: #4D7F71; font-family: Arial, sans-serif; font-size: 14pt;">Provides Notice of Release of Fourth Quarter Financial Results</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold;">January 14, 2021 &#8211; New Gold Inc. (&#8220;New Gold&#8221; or the &#8220;Company&#8221;) (TSX and NYSE American: NGD)</font> reports fourth quarter and annual
        operational results for the Company as of December 31, 2020, achieving the mid-range of the revised annual production guidance <font style="font-style: italic;">(refer to the Company's July 30, 2020 news release for further information). </font>An


        earnings conference call and webcast will be held on February 19, 2021 beginning at 8:30 am Eastern Time to discuss the fourth quarter financial results <font style="font-style: italic;">(details provided at the end of this news release).</font> <font style="font-weight: bold; font-style: italic;">All amounts are in U.S. dollars unless otherwise indicated.</font></div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">The Rainy River Mine achieved the higher end of the revised annual gold equivalent production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> guidance and continued to meet, or exceed,
        all key operational and cost targets. All deferred construction capital has been completed and the Rainy River Mine is now positioned for strong production growth at lower costs and higher margins that will drive strong free cash flow generation
        over the life of the mine.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">The New Afton Mine achieved the mid-range of the revised annual gold equivalent production guidance (copper production achieved the mid-range and
        gold production achieved the lower end). Operational performance continued to improve over the prior quarter and benefited from the stronger copper prices realized during the quarter. A strategic drilling program was launched in October to unlock
        the epithermal and porphyry potential of the Cherry Creek trend as well as other near mine targets.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Sustainability and ESG</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">New Gold has four key areas of focus: Water, Climate, Indigenous Peoples and Tailings Management. In 2020, New Gold refocused its sustainability
        efforts to align with the most pressing ESG reporting issues facing the industry. We have adopted an embedded, systems-based approach to execute on our sustainability strategy that aligns with ESG global standards beginning in 2021.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify; color: #4D7F71; font-family: Arial, sans-serif; font-size: 12pt; font-weight: bold;">Consolidated Fourth Quarter Highlights</div>
      <div>&#160;</div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zbf38af78a99442fd844907ff570d12f0">

            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">Total production for the fourth quarter was 120,567 gold equivalent1 (gold eq.) ounces (83,096 ounces of gold, 199,428 ounces of silver and 18.5 million pounds of copper). For the year, production
                was 437,617 gold eq. ounces (293,139 ounces of gold, 636,952 ounces of silver and 72.1 million pounds of copper), achieving mid-range of the revised annual production guidance.</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><br>
              </td>
              <td style="width: 97%;">
                <div style="text-align: justify;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">The Rainy River Mine produced 68,241 gold eq. ounces (66,734 ounces of gold and 127,390 ounces of silver) for the quarter. For the year, production was 233,201 gold eq. ounces (228,919 ounces of
                gold and 361,862 ounces of silver), achieving the higher end of the revised annual production guidance.</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><br>
              </td>
              <td style="width: 97%;">
                <div style="text-align: justify;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">The New Afton Mine produced 52,326 gold eq. ounces (16,362 ounces of gold and 18.5 million pounds of copper) for the quarter. For the year, production was 204,416 gold eq. ounces (64,220 ounces of
                gold and 72.1 million pounds of copper), achieving the mid-range of revised annual production guidance.</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><br>
              </td>
              <td style="width: 97%;">
                <div style="text-align: justify;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">On December 23, 2020, the Company completed the partial redemption of $200 million of the principal amount of the outstanding 6.25% senior notes due in 2025 that was funded with cash on hand.
                (refer to the Company's November 23, 2020 and December 23, 2020 news releases for further information)</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><br>
              </td>
              <td style="width: 97%;">
                <div style="text-align: justify;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">The Company recently purchased copper put options with a floor of $3.10 per pound, covering 1,700 tonnes per month (approximately 65% of anticipated production), over the period from April 2021 to
                September 2021. At the end of 2020, all gold option contracts have expired and the Company is now fully exposed to current gold prices.</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><br>
              </td>
              <td style="width: 97%;">
                <div style="text-align: justify;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%; text-align: justify;">Exploration drilling programs at both assets were launched late in the fourth quarter and an update is expected to be released in the latter part of the first quarter.</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;" rowspan="1">&#160;</td>
              <td style="width: 97%; text-align: justify;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; text-align: left; vertical-align: top;" rowspan="1"><font style="font-family: Times New Roman;">&#9679;</font></td>
              <td style="width: 97%;" rowspan="1">
                <div>
                  <div style="font-family: 'Times New Roman',Times,serif;">
                    <div style="text-align: justify;">At the end of the quarter, the Company had a cash position of $185 million and a strong liquidity position of approximately $490 million.</div>
                  </div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div> <br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">"During the year, we repositioned the Company for long-term success as we transition to free cash flow generation in 2021. We improved our operational and cost
        performance, executed on our strategic capital plans, restructured our balance sheet and improved our liquidity position and we have shifted our focus to driving further operational and cost optimizations at both our assets. We begin the new year
        as a much stronger company with a growing, higher-margin production profile, and following the expiration of our gold hedges at the end of 2020, we are now fully exposed to the higher gold price as well as the stronger copper price.&#8221; stated Renaud
        Adams, CEO. &#8220;The Rainy River Mine is now entering a phase of strong production growth and free cash flow generation and has the potential to extend the life of the underground mine. At the New Afton Mine, we continue to advance all key B3/C-Zone
        projects on a self-funded basis that will position this asset for a robust free cash flow stream as the C-Zone begins production in the latter part of 2023. We have launched exploration drilling programs at both assets that could increase our
        resource inventory and potentially extend mine life<font style="font-family: 'Times New Roman',serif;">.</font>&#8221;</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" id="za4fe020e7cb44a489e5e286461cb18b1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

            <tr>
              <td style="width: 100.00%;">
                <div style="text-align: left; color: #4D7F71; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">newgold.com</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 100.00%;">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 100.00%;">
                <div style="text-align: left; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 7pt;">1.&#160;&#160;&#160;&#160;&#160;&#160; Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release.</div>
              </td>
            </tr>

        </table>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">1</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="zbaf3ef8a40524319b888b62258b6ddc5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 50.00%;"><img src="image.jpg"> </td>
                <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div><br>
          </div>
          <div style="font-family: Arial, sans-serif; font-weight: bold;">Consolidated Fourth Quarter Operational Results</div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf80c2cfedb4149fd80b557fd0c892973">

              <tr>
                <td style="width: 35.24%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
                <td style="width: 15.73%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q4 2020</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2020</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">2020 Revised Consolidated Guidance</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.24%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">120,567</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">437,617</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">415,000 &#8211; 455,000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.24%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold production (ounces)</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">83,096</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">293,139</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">284,000 &#8211; 304,000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.24%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper production (Mlbs)</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18.5</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">72.1</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">65 - 75</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.24%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,623</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,559</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.24%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">3.34</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">2.86</div>
                </td>
                <td style="width: 33.3%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td colspan="4" style="width: 100%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">&#160;Total gold eq. ounces include silver and copper produced converted to a gold eq. based on a ratio of $1,500 per gold ounce, $17.75 per silver ounce and
                      $2.85 per copper pound. Throughout the year the Company will report gold eq. ounces using a constant ratio of those prices. All copper is produced by the New Afton Mine.</font></div>
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">&#160;Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div style="color: #404040; font-family: Arial, sans-serif; font-weight: bold;">Rainy River Mine Highlights</div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za0bb9fe4f83d401cad7425c968ab7578">

              <tr>
                <td style="width: 35.22%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Rainy River Mine</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q4 2020</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2020</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">2020 Revised Guidance</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.22%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">68,241</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">233,201</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">225,000 &#8211; 235,000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.22%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. sold (ounces)</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">72,279</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">235,416</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.22%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold production (ounces)</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">66,734</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">228,919</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">222,000 &#8211; 232,000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.22%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold sold (ounces)</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">70,675</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">231,112</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 35.22%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,624</div>
                </td>
                <td style="width: 15.73%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,561</div>
                </td>
                <td style="width: 33.32%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td colspan="4" style="width: 100%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">Gold eq. ounces for Rainy River in Q4 2020 includes 127,390 ounces of silver converted to a gold eq. based on a ratio of $1,500 per gold ounce and $17.75
                      per silver ounce.</font></div>
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div style="color: #404040; font-family: Arial, sans-serif; font-weight: bold;">Rainy River Operating KPI&#8217;s</div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z01690412f31e40c391c506e8c141f95b">

              <tr>
                <td style="width: 30.35%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Rainy River Mine</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2019</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q1 2020</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q2 2020</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q3 2020</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q4 2020</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2020</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Tonnes mined per day (ore and waste)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">118,404</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">127,684</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">126,512</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">145,701</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">158,638</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">139,702</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Ore tonnes mined per day</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18,712</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">26,012</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">23,101</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">36,515</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">42,918</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">32,178</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Operating waste tonnes per day</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">73,702</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">75,596</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">72,575</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">62,818</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">73,921</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">71,212</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Capitalized waste tonnes per day</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">25,990</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">26,077</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">30,836</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">46,368</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">41,799</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">36,313</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Total waste tonnes per day</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">99,692</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">101,673</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">103,411</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">109,186</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">115,720</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">107,525</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Strip ratio (waste: ore)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">5.33</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">3.91</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">4.48</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">2.99</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">2.70</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">3.34</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Tonnes milled per calendar day</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">21,980</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18,441</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">23,880</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">26,998</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">26,999</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">24,096</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold grade milled (g/t)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1.08</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1.03</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.78</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.88</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.93</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.90</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold recovery (%)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">91</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">90</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">89</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">89</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">90</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">90</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Mill availability (%)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">88</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">91</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">90</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">90</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">94</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">91</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold production (oz)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">253,772</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">50,381</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">48,800</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">63,004</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">66,734</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">228,919</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30.35%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz)</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">257,051</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">51,106</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">49,633</div>
                </td>
                <td style="width: 11.8%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">64,221</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">68,241</div>
                </td>
                <td style="width: 11.15%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #333333; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">233,201</div>
                </td>
              </tr>
              <tr>
                <td colspan="7" style="vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">&#160;Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">The Rainy River Mine has achieved the higher end of the revised annual gold eq. production guidance. Operating expenses and cash costs are expected to be below
            revised annual guidance, primarily due to lower mining costs during the year as well as higher production and sales. All-in sustaining costs (&#8220;AISC&#8221;) are expected to be below the revised annual guidance due to lower operating expenses and
            sustaining capital spend. Sustaining capital is tracking to achieve the lower end of the revised annual guidance estimates, primarily due to realized savings related to Tailings Management Area (TMA) construction.</div>
          <div style="text-align: justify;">&#160;</div>
          <div>
            <div style="font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: justify;">
                <table cellspacing="0" cellpadding="0" border="0" id="z2092cb60946a440f85fe705845c8d8e8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                    <tr>
                      <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">Our COVID-19 response continued to be effective with the implementation of rapid testing at Rainy River. Our site remained COVID free for majority of 2020 with two isolated contract
                        employee cases in Q4. The cases were identified early with our rapid testing process and confirmed with Public Health and posed minimal risk to the operation. Both cases have now recovered. For further information on the Company&#8217;s
                        response to COVID-19 is available via the following link: <font style="color: rgb(0, 74, 245);">https://newgold.com/covid-19/.</font></td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                      </td>
                      <td style="width: 97%;">
                        <div style="text-align: justify;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">For the fourth quarter, gold eq. production was 68,241 ounces (66,734 ounces of gold and 127,390 ounces of silver), at a grade of 0.93 grams per tonne, an increase over the prior two
                        quarters. For the year, gold eq. production was 233,201 ounces (228,919 ounces of gold and 361,862 ounces of silver), achieving the higher end of revised annual production guidance.</td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                      </td>
                      <td style="width: 97%;">
                        <div style="text-align: justify;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">During the fourth quarter, the open pit mine achieved approximately 159,000 tonnes per day, an 9% increase over the prior quarter and exceeding the 2021 target capacity of 150,000 tonnes
                        per day. During the quarter, approximately 3.9 million ore tonnes and 10.6 million waste tonnes (including 3.8 million capitalized waste tonnes) were mined from the open pit at an average strip ratio of 2.70:1. Capitalized waste
                        remained elevated in the quarter as Phase 3 waste stripping continued to advance.</td>
                    </tr>

                </table>
                <div> <br>
                </div>
                <div>
                  <div style="text-align: left; color: #4D7F71; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">newgold.com</div>
                </div>
              </div>
              <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; font-weight: normal; font-style: normal;">2</font></div>
                <div id="DSPFPageBreak" style="page-break-after: always;">
                  <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
              </div>
              <div>
                <div>
                  <table cellspacing="0" cellpadding="0" border="0" id="za1ebd244a24043fdb7c9ab19c3b2f45c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                      <tr>
                        <td style="width: 50.00%;"><img src="image.jpg"> </td>
                        <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
                      </tr>

                  </table>
                </div>
                <div> <br>
                </div>
                <table cellspacing="0" cellpadding="0" border="0" id="z80055cab0763425bbb315dec0479632c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">For the second consecutive quarter, the mill processed approximately 27,000 tonnes per day for the quarter, the maximum average allowable under the existing mill permit. The mill continued
                        to process ore directly supplied by the open pit combined with ore from the medium grade stockpile and processed an average grade of 0.93 grams per tonne at a gold recovery of 90%. Low grade ore continues to be stockpiled for future
                        processing as part of the underground mine plan. With the mill operating consistently at its maximum capacity, efforts will continue to focus on additional optimization opportunities to increase recovery and unit cost performance.
                        Mill availability for the quarter averaged 94%, exceeding plan.</td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                      </td>
                      <td style="width: 97%;">
                        <div style="text-align: justify;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">All key capital projects were completed during the quarter, including the Stage 2 tailings dam raise and wick drain installation for stabilization of the east waste dump. As previously
                        disclosed, a small portion of the Tailings Management Area (TMA) construction as well as other smaller projects that were originally scheduled for completion in 2021 were completed in the quarter, thereby reducing planned capital
                        requirements for 2021.</td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                      </td>
                      <td style="width: 97%;">
                        <div style="text-align: justify;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">At the end of the quarter, development of the decline towards the Intrepid underground ore zone had advanced 590 metres, exceeding the planned 550 metres for the year.&#160; The operation is
                        expected to access the first ore level by the middle of the first quarter. The focus in 2021 will be on the refinement of the long-hole mining methodology and block model. Production from the Intrepid Zone is expected to begin in
                        late 2022.</td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                      </td>
                      <td style="width: 97%;">
                        <div style="text-align: justify;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 3%; text-align: left; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                      <td style="width: 97%; text-align: justify;">Late in the quarter, a drilling program was launched on the North East Trend, located approximately 18 kilometers northeast of the Rainy River Mine. A total of 1,298 meters of the 8,000
                        metre were completed by the end of the year. The drilling program continues to test the previously identified high priority targets.</td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
        <div>&#160;</div>
        <div>
          <div style="text-align: justify; color: #404040; font-family: Arial, sans-serif; font-weight: bold;">New Afton Mine Operational Highlights</div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z539dc9eb292b40fa91900bce5d795055">

              <tr>
                <td style="width: 33%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">New Afton Mine</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q4 2020</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2020</div>
                </td>
                <td style="width: 33%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">2020 Revised Guidance</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. production (ounces)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">52,326</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">204,416</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">190,000 &#8211; 220, 000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. sold (ounces)</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">49,860</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">192,953</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold production (ounces)</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16,362</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">64,220</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">62,000 &#8211; 72,000</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold sold (ounces)</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,817</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">60,765</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper production (Mlbs)</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18.5</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">72.1</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">65 &#8211; 75</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper sold (Mlbs)</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">17.5</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">68.0</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Average realized gold price, per ounce<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,621</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">1,553</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Average realized copper price, per pound<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">3.34</div>
                </td>
                <td style="width: 17.48%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">2.86</div>
                </td>
                <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Times New Roman', serif; font-size: 9pt;">-</div>
                </td>
              </tr>
              <tr>
                <td colspan="4" style="vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-indent: 4.2pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1.</sup></font><font style="text-indent: 0px; font-size: 5.12pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">Gold eq. ounces for New Afton in Q4 2020 includes 18.5 million pounds of copper and 72,038 ounces of silver converted to a gold eq. based on a ratio of
                      $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver ounce<font style="font-family: 'Times New Roman', serif;">.</font></font></div>
                  <div style="text-indent: 4.2pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2.</sup></font><font style="text-indent: 0px; font-size: 5.12pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">Refer to the &#8220;Non-GAAP Financial Performance Measures" section of this press release.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div style="color: #404040; font-family: Arial, sans-serif; font-weight: bold;">New Afton Operating KPI&#8217;s</div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze8d2b74654e14994932371e29cafb075">

              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">New Afton Mine</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2019</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q1 2020</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q2 2020</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; background-color: #71675D; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q3 2020</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">Q4 2020</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(113, 103, 93); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #FFFFFF; font-family: 'Arial Narrow', sans-serif; font-size: 9pt; font-weight: bold;">FY 2020</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Tonnes mined per day (ore and waste)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,620</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16,727</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,358</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">17,249</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">17,259</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16,652</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Tonnes milled per calendar day</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,300</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,377</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">14,240</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,483</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,358</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,116</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold grade milled (g/t)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.47</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.45</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.46</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.44</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.46</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.45</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold recovery (%)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">82</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">81</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">81</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">80</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">79</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">80</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold production (oz)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">68,785</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16,409</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,494</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">15,955</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16,362</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">64,220</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper grade milled (%)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.78</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.73</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.72</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.71</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.73</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">0.72</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper recovery (%)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">83</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">82</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">83</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">82</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">81</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">82</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Copper production (Mlbs)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">79.4</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18.5</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">16.9</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18.2</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">18.5</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">72.1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Mill availability (%)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">97</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">98</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">92</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">98</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">99</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">97</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">Gold eq. production<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> (oz)</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">229,091</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">52,329</div>
                </td>
                <td style="width: 11.67%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">48,446</div>
                </td>
                <td style="width: 11.65%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">51,315</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">52,326</div>
                </td>
                <td style="width: 11%; vertical-align: middle; background-color: rgb(238, 236, 225); border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-align: center; color: #404040; font-family: 'Arial Narrow', sans-serif; font-size: 9pt;">204,416</div>
                </td>
              </tr>
              <tr>
                <td colspan="7" style="vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="text-indent: 0.4pt;"><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1.</sup></font><font style="text-indent: 0px; font-size: 6.08pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Arial Narrow', sans-serif; font-size: 7pt; color: #404040;">Gold eq. ounces for New Afton in Q4 2020 includes 18.5 million pounds of copper and 72,038 ounces of silver converted to a gold eq. based on a ratio of
                      $1,500 per gold ounce, $2.85 per copper pound and $17.75 per silver ounce<font style="font-family: 'Times New Roman', serif;">.</font></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div>
          <div style="text-align: justify;">The New Afton Mine achieved the mid-range of the revised annual gold eq. production guidance. Operating expense and cash costs are expected to achieve the lower end of the revised guidance and AISC are expected
            to be at, or slightly below<font style="font-family: 'Times New Roman',serif; font-size: 9pt;">,</font> the low end of the revised annual guidance, primarily due to lower sustaining capital spend. Sustaining capital is expected to be at, or
            slightly below, the low end of the revised annual guidance and growth capital is expected to be at the mid-range of revised annual guidance. <br>
          </div>
          <div> <br>
          </div>
          <div>
            <div style="color: #4D7F71; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">newgold.com</div>
          </div>
          <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">3</font></div>
            <div id="DSPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" id="z6ff1d4f9a32243179a68cc37d2f591c5" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 50.00%;"><img src="image.jpg"> </td>
                  <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
                </tr>

            </table>
          </div>
        </div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="zc35c6ce108a048c3b01227e6e8021722" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">During the quarter, New Afton reported six isolated COVID-19 cases, five cases being among our contractor teams. All six cases have recovered. New Afton is expecting to introduce contact tracing
                  technology and begin implementing rapid testing as an additional screening precaution. For further information on the Company&#8217;s response to COVID-19 is available via the following link: <font style="color: rgb(0, 74, 245);">https://newgold.com/covid-19/.</font></td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">For the fourth quarter, New Afton produced 52,236 gold eq. ounces (16,362 ounces of gold, and 18.5 million pounds of copper). For the year, the mine produced 204,416 gold eq. ounces (64,220
                  ounces of gold, and 72.1 million pounds of copper), achieving the mid-range of revised annual production guidance.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">During the quarter, total development towards the B3 and C-Zone advanced by approximately 1,705 metres, with B3 development achieving 91% and the C-Zone achieving 110% of the planned levels for
                  the year.&#160; B3 development efforts were accelerated during the quarter following a short-term reallocation of the workforce to the east cave recovery areas during the third quarter. Execution of the overall B3/C-Zone development project
                  remains on schedule.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">The underground mine averaged 17,259 tonnes per day for the quarter, above original planned levels.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">During the quarter, the mill averaged 15,358 tonnes per day, in-line with plan. The mill processed average gold and copper grades of 0.46 grams per tonne gold and 0.73% copper, respectively, with
                  gold and copper recoveries of 79% and 81%, respectively. Mill availability for the quarter averaged 99%, above plan.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">Both the 2020 and 2021 mine plans incorporate multiple sources of mined ore, including extraction from the east and west caves and rehabilitation and pillar recoveries of medium-high grade.
                  During the quarter, a new access level into the east cave recovery zone completed in the third quarter was utilized with an average extraction rate of 1,339 tonnes per day, including several days over 3,000 tonnes per day in December. The
                  ultimate target extraction rate is 4,000 tonnes per day.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">Capital projects were advanced during the quarter, including B3/C-Zone development and construction of the Thickened and Amended Tailings ("TAT") facility. The thickener is expected to be on site
                  in Q1 2021 and the overall TAT project remains on schedule.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%; text-align: justify;">B3 permitting remains on schedule and submission of the C-zone permit was completed during the quarter.</td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                </td>
                <td style="width: 97%;">
                  <div style="text-align: justify;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                <td style="width: 97%;">
                  <div>
                    <div>
                      <div style="font-family: 'Times New Roman',Times,serif;">
                        <div style="text-align: justify;">Late in the quarter, a 10,000 metre exploration drilling program was launched on the Cherry Creek trend with the initial focus on testing the potential near surface epithermal and porphyry style
                          mineralization. Four drill rigs were mobilized and a total of 6,516 meters were completed by the end of the year.</div>
                      </div>
                    </div>
                  </div>
                  <div><br>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div style="text-align: justify; color: #4D7F71; font-family: Arial, sans-serif; font-size: 12pt; font-weight: bold;">Fourth Quarter Conference Call and Webcast</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">The Company will host an earnings call and webcast on Thursday, February 19, 2021 at 08:30 AM Eastern Time to discuss the financial results. Details are provided
            below:</div>
          <div>&#160;</div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" id="z7a63fedf365a40439c08e96bb352e84a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                  <td style="width: 97%; text-align: justify;">On February 19, 2021, the Company will release fourth quarter and year-end financial results.</td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                  </td>
                  <td style="width: 97%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                  <td style="width: 97%; text-align: justify;">Participants may listen to the webcast by registering on our website at www.newgold.com or via the following link <font style="color: rgb(0, 74, 245);">https://onlinexperiences.com/Launch/QReg/ShowUUID=EC31CA20-994F-44B2-B28E-DEFD260D3B52.</font></td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                  </td>
                  <td style="width: 97%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                  <td style="width: 97%; text-align: justify;">Participants may also listen to the conference call by calling toll free 1-833-350-1329, or 1-236-389-2426 outside of the U.S. and Canada.</td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: left; vertical-align: top;"><br>
                  </td>
                  <td style="width: 97%;">
                    <div style="text-align: justify;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 3%; text-align: justify; vertical-align: top;"><font style="font-family: Times New Roman;">&#9679;</font></td>
                  <td style="width: 97%; text-align: justify;">A recorded playback of the conference call will be available until by calling toll free 1-800-585-8367, or 1-416-621-4642 outside of the U.S. and Canada, passcode 5989090. An archived webcast
                    will also be available until March 19, 2021 at www.newgold.com.</td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
        </div>
        <div>
          <div>
            <div style="font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: justify;">
                <div style="color: rgb(77, 127, 113); font-family: Arial,sans-serif; font-size: 12pt; font-weight: bold;">About New Gold Inc.</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt;">New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines. The Company also holds
                  an 8% gold stream on the Artemis Gold Blackwater project located in British Columbia and a 6% equity stake in Artemis. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold's vision is to build a leading
                  diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on the Company, visit www.newgold.com.</div>
                <div>&#160;</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt;">For further information, please contact:</div>
                <div>&#160;</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt; font-weight: bold;">Anne Day</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt;">Vice President, Investor Relations</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt;">Direct: +1 (416) 324-6003</div>
                <div style="font-family: Arial,sans-serif; font-size: 9pt;">Email: anne.day@newgold.com</div>
              </div>
            </div>
          </div>
        </div>
        <div><br>
        </div>
        <div style="color: #4D7F71; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">newgold.com</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">4</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="z7813037fb720409091e6d1774e43d8db" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 50.00%;"><img src="image.jpg"> </td>
                <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
              </tr>

          </table>
        </div>
        <div> <br>
        </div>
        <div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-weight: bold;">Cautionary Note Regarding Forward-Looking Statements</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 8pt;">Certain information contained in this news release, including any information relating to New Gold&#8217;s future financial or operating performance are &#8220;forward
            looking&#8221;. All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects to occur are &#8220;forward-looking statements&#8221;. Forward-looking statements are
            statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;targeted&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;,
            &#8220;anticipates&#8221;, &#8220;projects&#8221;, &#8220;potential&#8221;, &#8220;believes&#8221; or variations of such words and phrases or statements that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;might&#8221; or &#8220;will be taken&#8221;, &#8220;occur&#8221; or &#8220;be achieved&#8221; or the
            negative connotation of such terms. Forward-looking statements in this news release include, among others, statements with respect to: the Company&#8217;s plans to grow production and generate free cash flow; the Company&#8217;s production and sales; the
            Company&#8217;s cash costs, all-in-sustaining costs and operational expenses; the Company&#8217;s plans to optimize operations and costs at its assets and plans to extend the life of mine of the Rainy River Mine and the New Afton Mine; the timing of
            completion for capital projects at Rainy River Mine and the New Afton Mine; the timing and scope of exploration drilling programs at the Rainy River Mine, the New Afton Mine and Cherry Creek; and the timing of receipt of permits at the New
            Afton Mine.</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 8pt;">All forward-looking statements in this news release are based on the opinions and estimates of management as of the date such statements are made and are subject to
            important risk factors and uncertainties, many of which are beyond New Gold&#8217;s ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold&#8217;s latest annual
            management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;), its most recent annual information form and technical reports on the Rainy River Mine and New Afton Mine filed at www.sedar.com and on EDGAR at www.sec.gov. In addition to, and subject to, such
            assumptions discussed in more detail elsewhere, the forward-looking statements in this news release are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold&#8217;s operations other than as set out
            herein; (2) political and legal developments in jurisdictions where New Gold operates, or may in the future operate, being consistent with New Gold&#8217;s current expectations; (3) the accuracy of New Gold&#8217;s current mineral reserve and mineral
            resource estimates; (4) the exchange rate between the Canadian dollar and U.S. dollar, and to a lesser extent, the Mexican Peso, being approximately consistent with current levels; (5) prices for diesel, natural gas, fuel oil, electricity and
            other key supplies being approximately consistent with current levels; (6) equipment, labour and materials costs increasing on a basis consistent with New Gold&#8217;s current expectations; (7) arrangements with First Nations and other Aboriginal
            groups in respect of the New Afton Mine and Rainy River Mine being consistent with New Gold&#8217;s current expectations, particularly in the context of the outbreak of COVID-19; (8) all required permits, licenses and authorizations being obtained
            from the relevant governments and other relevant stakeholders within the expected timelines and the absence of material negative comments during the applicable regulatory processes; (9) there being no new cases of COVID-19 in the Company&#8217;s
            workforce at either the Rainy River or New Afton Mine and the assumption that no additional members of the workforce are expected to be required to self-isolate due to cross-border travel to the United States or any other country; (10) the
            responses of the relevant governments to the COVID-19 outbreak being sufficient to contain the impact of the COVID-19 outbreak; (11) there being no material disruption to the Company&#8217;s supply chains and workforce that would interfere with the
            Company&#8217;s anticipated course of action at the Rainy River Mine and the systematic ramp-up of operations; (12) the long-term economic effects of the COVID-19 outbreak not having a material adverse impact on the Company&#8217;s operations or liquidity
            position; and (13) Artemis Gold Inc. being able to complete the remaining C$50 million cash payment due on August 24, 2021 for the acquisition of the Blackwater project.</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="font-family: Arial,sans-serif; font-size: 8pt; text-align: justify;">Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors
            that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital
            requirements and the availability and management of capital resources; additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations in the international currency markets and in
            the rates of exchange of the currencies of Canada, the United States and, to a lesser extent, Mexico; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral resources and between actual
            and estimated metallurgical recoveries; risks related to early production at the Rainy River Mine, including failure of equipment, machinery, the process circuit or other processes to perform as designed or intended; fluctuation in treatment
            and refining charges; changes in national and local government legislation in Canada, the United States and, to a lesser extent, Mexico or any other country in which New Gold currently or may in the future carry on business; taxation; controls,
            regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity
            and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, the lack of certainty with respect to foreign legal systems, which may not be immune from
            the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; diminishing quantities or
            grades of mineral reserves and mineral resources; competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining
            economic studies; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to
            consulting and accommodating rights of Indigenous groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements; there
            being cases of COVID-19 in the Company&#8217;s workforce at either the Rainy River or New Afton Mine, or both; the Company&#8217;s workforce at either the Rainy River Mine or the New Afton Mine, or both, being required to self-isolate due to cross-border
            travel to the United States or any other country; the responses of the relevant governments to the COVID-19 outbreak not being sufficient to contain the impact of the COVID-19 outbreak; disruptions to the Company&#8217;s supply chain and workforce
            due to the COVID-19 outbreak; an economic recession or downturn as a result of the COVID-19 outbreak that materially adversely affects the Company&#8217;s operations or liquidity position; there being further shutdowns at the Rainy River or New Afton
            Mines; the Company not being able to complete its construction projects at the Rainy River Mine or the New Afton Mines on the timing described herein or at all; the Company not being able to complete the exploration drilling program to be
            launched at the Rainy River Mine and Cherry Creek on the timing described herein or at all; Artemis Gold Inc. not being able to make the remaining C$50 million cash payment due on August 24, 2021. In addition, there are risks and hazards
            associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk
            of inadequate insurance or inability to obtain insurance to cover these risks) as well as &#8220;Risk Factors&#8221; included in New Gold&#8217;s Annual Information Form, MD&amp;A and other disclosure documents filed on and available at www.sedar.com and on
            EDGAR at www.sec.gov. Forward looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All forward-looking statements contained in this
            news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in
            accordance with applicable securities laws.</div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">5</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="z1b2cb0967f01433eb36ed9fff4a19860" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 50.00%;"><img src="image.jpg"> </td>
                <td style="width: 50%; text-align: right;"><img src="logopr.jpg"> </td>
              </tr>

          </table>
        </div>
        <div> <br>
        </div>
        <div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-weight: bold;">Non-GAAP Financial Performance Measures</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-weight: bold;">Average Realized Price</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 8pt;">"Average realized price per ounce or pound sold" is a non-GAAP financial measure with no standard meaning under IFRS. Management uses this measure to better
            understand the price realized in each reporting period for gold, silver, and copper sales. Average realized price is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be
            considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently and this measure is unlikely to be comparable to similar measures presented by other
            companies.</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="font-family: Arial,sans-serif; font-weight: bold; text-align: justify;">Technical Information</div>
          <div style="text-align: justify;">&#160;</div>
          <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 8pt;">The scientific and technical information contained herein has been reviewed and approved by Eric Vinet, Senior Vice President, Operations of New Gold. Mr. Vinet is
            a Professional Engineer and member of the Ordre des ing&#233;nieurs du Qu&#233;bec. He is a "Qualified Person" for the purposes of National Instrument 43-101 &#8211; <font style="font-style: italic;">Standards of Disclosure for Mineral Projects</font><font style="font-family: 'Times New Roman',serif;">.</font></div>
        </div>
        <div> <br>
        </div>
        <div>
          <div style="color: #4D7F71; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">newgold.com</div>
        </div>
      </div>
    </div>
    <font style="font-weight: bold;"> </font></div>
  <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">6</font></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image.jpg
<TEXT>
begin 644 image.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !% . # 2(  A$! Q$!_\0
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M*S 6BDW"C<*-MP%HHI-XH 6BDW"AFQ0 M%(S8H)P* %HI%;=2T %%)N%&X4
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M5IUY%IZH&P%=L-/)Z;MN5![;?>OM;PWI&G>%=!M=.L$M[>RLHEA@BC("HJ\
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M445=@"BBBBP!11118 HHHHL 44446 ****+ (%Q0$Q111L ;!F@+C^5%%%D
A!<48YHHHL M%%%%@"BBBBP!11118 HHHHL 44446 __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>logopr.jpg
<TEXT>
begin 644 logopr.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !5 ,L# 2(  A$! Q$!_\0
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M* "BBB@ HHS10 44F:6@ HI"<4F\4 .HI"P% <&@!:**3- "T44F: %HHHH
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MVCCP]'#34ERQY^;9R:CRV^S+FM>^]Y=K)ZG5^-_VI]%T3PKX5O-!L[_QA?\
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M@0JNVYNY9U7!YRHD /N#7YX?\1.%C_T1G4/_  HT_P#C%'_$3A8C_FC.H?\
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M11_86 _Y]_B_\P_U_P"(/^@E_='_ .1/RW_XADM _P"BO^(/_!#!_P#':/\
MB&2T#_HK_B#_ ,$,'_QVOU(HH_L+ ?\ /O\ %_YA_K_Q!_T$O[H__(GY;_\
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)BB@ HHHH __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
