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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (19366)	5/12/2008 9:12:39 AM
From: LoneClone	Read Replies (1) of 192508

Metallica Resources, New Gold and Peak Gold Announce Signing of Definitive Agreement for US$1.6 Billion Business Combination Mon May 12, 7:31 AM ca.news.finance.yahoo.com VANCOUVER, May 12 /CNW/ - Metallica Resources Inc. ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK) are pleased to announce that they have signed a definitive agreement in connection with the previously announced business combination (the "Transaction"). Each of Metallica Resources, New Gold and Peak Gold have scheduled shareholder meetings to be held on June 17, 2008 at which they will seek their respective shareholder approvals required in connection with the Transaction. It is anticipated that materials for such meetings will be mailed to shareholders on or about May 26, 2008. The Transaction is expected to close on or about June 30, 2008. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts Rhonda Bennetto Director Investor Relations and Corporate Communications Metallica Resources Inc. Direct: (303) 640-3292 Toll-free: 1 (888) 933-0313 x5 Email: rmbennetto@metal-res.com Website: www.metal-res.com Laura Sandilands Manager of Investor Relations New Gold Inc. Direct: (416) 977-1067 Toll-free: 1 (877) 977-1067 Email: lsandilands@newgoldinc.com Website: www.newgoldinc.com Melanie Hennessey Vice President Investor Relations Peak Gold Ltd. Direct: (604) 696-3024 Toll-free: 1 (888) 220-2760 Email: info@peakgold.com Website: www.peakgold.com

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