New Gold to Discuss Second Quarter 2011 Financial Results on August 4, 2011

VANCOUVER, July 20, 2011 /CNW/ --
VANCOUVER, July 20, 2011 /CNW/ - New Gold Inc. ('New Gold') (TSX:NGD)
(AMEX:NGD) will hold a conference call and webcast on Thursday, August
4(th), 2011 at 10:00 am Eastern Daylight Time to discuss the company's second
quarter 2011 financial results. Participants may join the conference by
calling 1-647-427-7450 or toll-free 1-888-231-8191 in North America. To
listen to a recorded playback of the call after the event, please call
1-416-849-0833 or toll-free 1-855-859-2056 in North America - Passcode
85279963.

A live and archived webcast will also be available at www.newgold.com.

 _____________________________________________________________________
|About New Gold Inc.                                                  |
|                                                                     |
|New Gold is an intermediate gold mining company. The company has a   |
|portfolio of three producing assets and three significant development|
|projects. The Mesquite Mine in the United States, the Cerro San Pedro|
|Mine in Mexico and Peak Gold Mines in Australia are expected to      |
|produce between 380,000 and 400,000 ounces of gold in 2011. The      |
|fully-funded New Afton project in Canada is scheduled to add further |
|growth in 2012. In addition, New Gold owns 30% of the world-class El |
|Morro project located in Chile and, in June 2011, New Gold acquired  |
|the exciting Blackwater project in Canada. For further information on|
|the company, please visit                                            |
|www.newgold.com.                |
|_____________________________________________________________________|

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release, including any
information relating to New Gold's future financial or operating
performance may be deemed 'forward looking'. All statements in this
news release, other than statements of historical fact, that address
events or developments that New Gold expects to occur, are
'forward-looking statements'. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words 'expects', 'does not expect', 'plans',
'anticipates', 'does not anticipate', 'believes', 'intends',
'estimates', 'projects', 'potential', 'scheduled', 'forecast', 'budget'
and similar expressions, or that events or conditions 'will', 'would',
'may', 'could', 'should' or 'might' occur. All such forward-looking
statements 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's ability
to control or predict. 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 New
Gold's 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; fluctuations in the international
currency markets and in the rates of exchange of the currencies of
Canada, the United States, Australia, Mexico and Chile; price
volatility in the spot and forward markets for commodities; impact of
any hedging activities, including margin limits and margin calls;
discrepancies between actual and estimated production, between actual
and estimated reserves and resources and between actual and estimated
metallurgical recoveries; changes in national and local government
legislation in Canada, the United States, Australia, Mexico and Chile
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 that
New Gold operates, including, but not limited to, Mexico, where New
Gold is involved with ongoing challenges relating to its environmental
impact statement for the Cerro San Pedro Mine; the lack of certainty
with respect to the Mexican and other 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 the
company is or may become a party to, including the third party claim
related to the El Morro transaction with respect to New Gold's exercise
of its right of first refusal on the El Morro copper-gold project in
Chile and its partnership with Goldcorp Inc., which transaction and
third party claim were announced by New Gold in January 2010;
diminishing quantities or grades of reserves; competition; loss of key
employees; additional funding requirements; actual results of current
exploration or reclamation activities; 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. In addition, there are risks and hazards associated with
the business of mineral exploration, development and mining, including
environmental 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 'Risk Factors' included in New Gold's
Annual Information Form filed on March 31, 2011 and Management's
Discussion and Analysis for the year ended December 31, 2010, both
available at www.sedar.com. 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 of the 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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/20/c6550.html

Hannes Portmann
Vice President, Corporate Development
Direct: 1 (416) 324-6014
Email: info@newgold.com