This document provides cautionary statements and details regarding New Gold's presentation at the TD Securities Mining Conference on January 29-30, 2013. It outlines the risks associated with forward-looking statements and non-IFRS measures. It also provides an overview of New Gold's history of growth through acquisitions, track record of delivering on production targets, lowering costs and expanding resources. Key assets discussed include New Afton, Cerro San Pedro, Mesquite, and New Gold's 30% interest in the El Morro project in Chile.

1. TD Securities Mining Conference | Toronto
January 29-30, 2013

2. Cautionary statement
All monetary amounts in U.S. dollars unless otherwise stated
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this presentation, including any information relating to New Gold's future financial or operating performance may be deemed "forward looking". All statements
in this presentation, 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 use of forward-looking terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", “projects”, “potential”, "believes" or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "would", “should”, "might" or "will be taken", "occur" or "be achieved" or the negative connotation. 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
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 international, 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 obtaining the necessary permits for the Blackwater project, in Mexico where the Cerro San Pedro mine has a history of ongoing legal challenges related to our EIS
and Chile where the courts have temporarily suspended the approval of the environmental permit for the El Morro project; 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 the
company is or may become a party to,; 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 disclosure documents filed on and 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 presentation 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.
TD Securities Mining Conference | January 29-30, 2013 2 2

3. Cautionary statement (cont’d)
CAUTIONARY NOTE TO U.S. READERS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES
Information concerning the properties and operations discussed in this presentation has been prepared in accordance with Canadian standards under applicable Canadian securities laws, and
may not be comparable to similar information for United States companies. The terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral
Resource" used in this presentation are Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum
("CIM") Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on December 11, 2005. While the terms "Mineral Resource", "Measured Mineral Resource",
"Indicated Mineral Resource" and "Inferred Mineral Resource" are recognized and required by Canadian regulations, they are not defined terms under standards of the United States
Securities and Exchange Commission. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization
could be economically and legally produced or extracted at the time the reserve calculation is made. As such, certain information contained in this presentation concerning descriptions of
mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements
of the United States Securities and Exchange Commission. An "Inferred Mineral Resource" has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It
cannot be assumed that all or any part of an "Inferred Mineral Resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not
form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral
Reserves. Readers are also cautioned not to assume that all or any part of an "Inferred Mineral Resource" exists, or is economically or legally mineable. In addition, the definitions of "Proven
Mineral Reserves" and "Probable Mineral Reserves" under CIM standards differ in certain respects from the standards of the United States Securities and Exchange Commission.
TECHNICAL INFORMATION
The scientific and technical information in this presentation has been reviewed by Mark Petersen, a Qualified Person under National Instrument 43-101 and an employee of New Gold.
(1) TOTAL CASH COSTS
“Total cash costs” per ounce figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products
and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is widely accepted as the standard of reporting cash cost of production in
North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. New Gold reports total
cash costs on a sales basis. Total cash costs includes mine site operating costs such as mining, processing, administration, royalties and production taxes, but is exclusive of amortization,
reclamation, capital and exploration costs. Total cash costs are reduced by any by-product revenue and are then divided by ounces sold to arrive at the total by-product cash costs of sales.
The measure, along with sales, is considered to be a key indicator of a company’s ability to generate operating earnings and cash flow from its mining operations. This data is furnished to
provide additional information and is a non-IFRS measure. Total cash costs presented does not have a standardized meaning prescribed by IFRS and may not be comparable to similar
measures presented by other mining companies. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily
indicative of operating costs presented under IFRS. A reconciliation will be provided in the MD&A accompanying the quarterly financial statements.
(2) PEA – ADDITIONAL CAUTIONARY NOTE
This note regarding the preliminary economic assessment (PEA) is in addition to cautionary language already included within the presentation as required under NI 43-101. The Blackwater
PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable
them to be categorized as mineral reserves, and there is no certainty that the PEA based on these mineral resources will be realized. Mineral resources that are not mineral reserves do not
have demonstrated economic viability.
TD Securities Mining Conference | January 29-30, 2013 3 3

4. The evolution of New Gold
Successfully commissioning New
Afton
Further strengthening team
History of accretive growth Developing world-class assets
Growing resources
Doubling gold production
Track record of delivering on plans
organically
Lowering costs, expanding margins
and increasing cash flow
Increasing net asset value
Blackwater – Summer 2012
TD Securities Mining Conference | January 29-30, 2013 4 4

5. History of accretive growth
NGD Gold Price S&P/TSX Gold Index FTSE Gold Mines Index HUI Index
500%
450% Closing of
Richfield
acquisition
400%
350%
Completed $1.2bn
business +214%
300% combination with
Western Goldfields
250%
200%
+70%
150% (1%)
100% (12%)
(16%)
50%
0%
1-Jun-09
2-Apr-12
27-Oct-09
24-Mar-10
14-Jan-11
11-Jun-11
23-Jan-13
19-Aug-10
28-Aug-12
6-Nov-11
28-Jan-13
Source: 1. Bloomberg. All amounts in USD.
Note: 2. S&PTSX Gold Index includes 59 gold companies in various stages of development/production.
3. FTSE Gold Mines Index includes 26 gold producing companies.
4. HUI Index includes 15 of the major global gold producers.
TD Securities Mining Conference | January 29-30, 2013 5 5

6. Project development and operational execution
Gold production(1) (000s ounces)
450
400 405-445
350 383 387
300
250 302
200 233
150
100
50
0
2008 2009 2009 2010 2010 2011 2011 2012
Actual Guidance Actual Guidance Actual Guidance Actual Guidance
Total cash cost(1)(2) ($/oz)
$600
$500 $566
$400 $465 $446
$418 $410-430
$300
$200
$100
$0 2008 2009 2009 2010 2010 2011 2011 2012
Actual Guidance Actual Guidance Actual Guidance Actual Guidance
Successfully brought Cerro San Pedro, Mesquite and New Afton into production on, or ahead of, schedule
Notes: 1. Refer to Cautionary Statement and note on Total cash cost.
2. 2009 and 2008 costs shown based on Canadian GAAP.
TD Securities Mining Conference | January 29-30, 2013 6 6

7. Management and Board of Directors
EXECUTIVE MANAGEMENT TEAM BOARD OF DIRECTORS
Randall Oliphant, Executive Chairman David Emerson, Former Canadian Cabinet Minister
Robert Gallagher, President & CEO James Estey, Former Chairman UBS Securities Canada
Brian Penny, Executive VP and CFO Robert Gallagher, President & CEO
Ernie Mast, VP Operations Vahan Kololian, Founder Terra Nova Partners
Martyn Konig, Former Executive Chairman European Goldfields
Pierre Lassonde, Chairman Franco-Nevada
Randall Oliphant, Executive Chairman
Raymond Threlkeld, CEO Rainy River Resources
TD Securities Mining Conference | January 29-30, 2013 7 7

8. Growing resource base in solid jurisdictions
Measured & Indicated Gold Resources per 1,000 shares
50
40
Blackwater
30
New Afton
Cerro San
20 Pedro
Mesquite
10
-
(1)
2009 2010 2011 Today
El Morro(3)
Track record of increasing M&I gold Operating assets
resources on a ‘per share’ basis Peak Mines
Development projects
Notes: 1. Excludes resources from Amapari which was sold in April 2010.
2. Refer to Appendix 6 for detailed disclosure on Reserve and Resource calculations. Measured and Indicated Resources inclusive of Reserves, and Capoose Indicated Resources of 384koz.
3. New Gold holds a fully carried 30% interest in the El Morro project.
TD Securities Mining Conference | January 29-30, 2013 8 8

9. Cost trends: New Gold versus industry(1)(2)
$800 (1)
$736
$643
Total Cash Costs (US$/oz)(2)
$600 $566 $557
$478
$464 $465
$400 $446
$418 $410-$430
$200
2008 2009 2010 2011 2012E
New Gold provides leverage to gold price
Margin +241%
(US$/oz)
$297 $1,014
Gold price +69%
(US$/oz) $863 $1,460
Notes: 1. Industry data per GFMS reports calculated net of by-product credits as at Q3’2012.
2. Refer to Cautionary Statement and note on Total cash cost.
TD Securities Mining Conference | January 29-30, 2013 9 9

10. New Afton - Successfully commissioned
Highlights Reserves(1)
• Located 10 kilometres from Kamloops, British
Columbia Gold Copper
• Dedicated labour force
• Commercial and full production achieved ahead 1 Moz 1 Blbs
of schedule
• Potential to double New Gold’s cash flow at
today’s prices
Production and Costs
LOM Average Annual LOM Cash Costs(2)
Production
($1,750)/oz by-product
Gold
85Koz
$525/oz
co-product(3)
Copper $1.15/lb
75Mlbs
Extracting ore from underground
Notes: 1. Refer to website for detailed disclosure on Reserve and Resource calculations.
2. Refer to Cautionary Statement and note on Total cash cost.
3. Co-product cash cost calculated based on relative percentage of gold and copper revenue, respectively.
TD Securities Mining Conference | January 29-30, 2013 10 10

11. New Afton – Looking to unlock additional value
Value Enhancement Opportunities
C-Zone exploration
Mill building
Mill optimization beyond 11,000 tpd
Regional exploration – 111km2 land package
Conveyor Ore stockpile
TD Securities Mining Conference | January 29-30, 2013 11 11

12. El Morro (30%) – A world class project
El Morro (30%)
Gold Reserve(1)
2.5 Moz
Copper Reserve(1)
1.9 Blbs
• On June 27, 2012 Ontario Superior Court of Justice
validated New Gold/Goldcorp partnership at El
Morro
Location Chile • Capital fully-funded by 70% partner Goldcorp
Mine type Open Pit • 1.2 Moz inferred gold resource at higher gold and
Reserves1 – Gold/Copper (Moz/Mlbs) 2.5/1,868 copper grades in deeper portion of La Fortuna
deposit
Resources1 – Gold/Copper (Moz/Mlbs) 3.0/2,193
• Current Resource entirely within La Fortuna deposit
Estimate mine life 17 years
• Neighbouring El Morro deposit underexplored
LOM production/yr (Au koz/Cu Mlbs)2 90/85
• Addressing recent temporary suspension of
LOM cash cost/oz co-product (Au/Cu)3 $550/$1.45 environmental permit
Notes: 1. Refer to Appendix 6 for detailed disclosure on Reserve and Resource calculations. Measured and Indicated Resources inclusive of Reserves. El Morro Reserves and Resources shown on attributable 30% basis.
2. Refer to Cautionary Statements.
3. Refer to Cautionary Statements and note on Total cash cost. Life of mine co-product costs based $1,200/oz gold and $2.75/lb copper.
TD Securities Mining Conference | January 29-30, 2013 12 12

13. Blackwater – A robust project
Blackwater
Preliminary Economic Assessment
Average Annual Gold Production(3)
507,000 ounces
Average Total Cash Costs(3)
$536 per ounce
• Consolidated significant land position – 1,000km2
• Year-round accessibility for drilling/development
Location Canada
• Central British Columbia near infrastructure
Proposed mine type Open Pit • Ability to fund continued exploration/development
M&I Resources1 – Gold/Silver (Moz) 7.5/36.9 internally
Inferred Resources1 – Gold/Silver (Moz) 2.7/28.3 – Development capital $1.8 billion including 24%,
or $346 million contingency
Targeted production2 2017
• Tax synergies with New Afton
Notes: 1. Refer to Appendix 6 for detailed disclosure on Reserve and Resource calculations.
2. Blackwater start date based on indicative timeline which is dependent on continued exploration success, environmental approvals and the determination that the deposit is economically viable.
3. Averages based on first 15 years of production. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 13 13

14. Preliminary Economic Assessment (“PEA”) in review (1)
Spot Case
Base Case
September 20, 2012
Gold Price (US$/oz) $1,275 $1,600 $1,775 $1,800
Silver Price (US$/oz) $22.50 $30.00 $34.50 $35.00
US$/CDN$ Foreign Exchange 0.94 0.97 1.00 1.00
5% NPV ($ billions) (2015)
Pre-tax NPV 1.7 3.3 4.2 4.3
After-tax NPV 1.1 2.2 2.8 2.9
IRR (%)
Pre-tax IRR 16.4 25.9 30.4 31.1
After-tax IRR 14.0 22.0 25.8 26.4
Payback period (years)
Pre-tax payback period 4.7 3.0 2.6 2.5
After-tax payback Period 4.8 3.1 2.7 2.6
Highlights
• Initial gold production targeted for 2017
• First five years – average annual gold production of 569,000 ounces at total cash costs(1) per ounce sold,
net of by product sales, of $467 per ounce
Blackwater expected to generate solid economic returns in current capital cost environment, even when
using a long-term gold price assumption of US$1,275 per ounce
Note: 1. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 14 14

15. Blackwater – Area map
~112km to
Vanderhoof
Capoose
Resource
Blackwater ~160km to
Project Prince George
50km
Current
resource grid
80km
TD Securities Mining Conference | January 29-30, 2013 15 15

16. Blackwater – Indicative timeline
• Remains unchanged from mid-2011 targeted timeline
2012 2013 2014 2015 2016 2017
Development activity H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2
First Nations & Public Consultation
Drilling
Preliminary Economic Assessment
Base Line Environmental Studies
Project Description/Terms of Reference
Environmental Assessment Reports
Provincial Approval
Federal Approval
Feasibility Study
Engineering Procurement
Construction
Production Target
Reflects critical path in timeline
Notes: 1. Indicative timeline is dependent on permit approvals. There is no assurance this timeline will be achieved nor that the deposit will ever reach the production stage.
TD Securities Mining Conference | January 29-30, 2013 16 16

17. A future of growth
• El Morro and Blackwater expected to double New Gold’s gold production by 2017 at low cost
1,000
800
Gold production (thousand ounces)
600 2013 Guidance -
February 5, 2013
~450 - 500
405 - 445
400 387
200
2011A 2012E 2013E 2017E
TD Securities Mining Conference | January 29-30, 2013 17 17

18. Net asset value per share appreciation
Net Asset Value(1) $15.00 High
Share price ~1.5x
6/1/09 Today NAVPS
Closing of
$13.00 P/NAV Richfield Current
acquisition ~0.9x
Mesquite, Cerro San Pedro, Peak
$11.00 High
~ $875 $1,775 Completed $1.2bn ~1.5x
US$ NAV and Share price
business
combination with
Western Goldfields
New Afton $9.00
High
~ $120 $1,491 ~1.5x
$7.00 Low
~0.7x
El Morro(2)
High
$5.00 ~1.5x
~ $40 $694 349% increase in NAVPS
$3.00
Blackwater(3) 214% increase in share price
$-- $1,451 $1.00
1-Jun-09
2-Apr-12
23-Jan-13
24-Mar-10
14-Jan-11
11-Jun-11
19-Aug-10
28-Aug-12
27-Oct-09
6-Nov-11
28-Jan-13
Source: Broker Reports, Company Estimates and Announcements, Bloomberg.
Notes: 1. Street consensus NAV.
2. Current street consensus NAV for El Morro; Includes $50mm cash payment received from Goldcorp as part of transaction consideration.
3. New Gold purchased Richfield for C$480 million and Silver Quest for C$110 million. The deals closed on June 1, 2011 and December 23, 2011, respectively.
TD Securities Mining Conference | January 29-30, 2013 18 18

19. The New Gold investment thesis
EXPERIENCED BOARD AND MANAGEMENT
FULLY FUNDED COMPANY WITH STRONG BALANCE SHEET
DIVERSIFIED ASSET BASE IN MINING FRIENDLY JURISDICTIONS
ORGANIC GROWTH OPPORTUNITIES/METAL OPTIONALITY
PRODUCTION GROWTH/MARGIN EXPANSION
INCREASING UNDERLYING ASSET VALUE
MULTIPLE CATALYSTS
COMPELLING INVESTMENT PROPOSITION
TD Securities Mining Conference | January 29-30, 2013 19 19

20. Appendix
Appendices
Page
1. Financial information 21
2. Operating performance 27
3. New Afton 30
4. El Morro 35
5. Blackwater 38
6. Reserves and resource notes 58
7. Commodity price/foreign 63
exchange assumptions
TD Securities Mining Conference | January 29-30, 2013 20 20

21. Appendix 1
Summary of debt
Undrawn Credit Senior Notes Senior Notes El Morro
Facility (April 2012) (November 2012) Funding Loan
Face Value $150 million(1) $300 million $500 million $56 million
Maturity 3 years with annual April 15, 2020 November 15, 2022 n/a
extensions permitted
Interest Rate See ‘Key features’ 7.00% 6.25% 4.58%
Payable Revolving credit Semi-annually Semi-annually Upon start of
production
Conversion price n/a n/a n/a n/a
Current trading n/a ~106 ~102 n/a
value
Key features Normal financial • Senior unsecured • Senior unsecured New Gold to
covenants • Redeemable after • Redeemable after repay Goldcorp
April 15, 2016 at November 15, 2017 out of 80% of its
Interest Rate 103.5% down to at par plus half 30% share of
• 3% over LIBOR 100% of face after coupon, declining cash flow once El
based on ratios 2018 ratably to par Morro starts
• Standby fee of • Unlimited dividends • Unlimited dividends production
0.75% if leverage ratio if leverage ratio
below 2:1 below 2:1
Notes: 1. $50 million currently allocated for Letters of Credit.
TD Securities Mining Conference | January 29-30, 2013 21 21

22. Appendix 1
Trend of expanding margins continues
$1,800
$1,575 $1,560
$1,600 $1,460 $1,486
$1,032 $1,117
$1,400 $1,014 $1,014
Realized gold price
$1,194 (US$/oz)
$1,200
$987 $766 Margin
(US$/oz)
$1,000 $863
US$/oz
$522
Cash Cost(1)
$800 $297 (US$/oz)
$600
$566 $543
$400 $465 $446 $472 $443
$428
$200
$0
2008A 2009A 2010A 2011A Q1'12 Q2'12 Q3'12
Note: 1. Refer to Cautionary Statement and note on Total cash cost.
TD Securities Mining Conference | January 29-30, 2013 22 22

23. Appendix 1
2012 third quarter financial highlights
Earnings from Mine Operations Adjusted Net Earnings per Share
($ millions) ($ per share)
$100 $0.15
$77 $76 $78 $76 $0.11
$75 $0.10 $0.10
$0.10 $0.09
$50
$0.05
$25
- -
Q3'12 Q2'12 Q1'12 Q3'11 Q3'12 Q2'12 Q1'12 Q3'11
Cash Generated from Operations before Working Capital Net Cash Generated from Operations
($ millions) ($ millions)
$100 $91 $100
$80 $82 $80
$71
$75 $75
$47 $46
$50 $50 $37
$25 $25
- -
Q3'12 Q2'12 Q1'12 Q3'11 Q3'12 Q2'12 Q1'12 Q3'11
TD Securities Mining Conference | January 29-30, 2013 23 23

24. Appendix 1
2012 third quarter operating results
2012 Third Quarter 2012 Nine Months
Earning from Earning from
Gold sales Cash cost(1) Gold sales Cash cost(1)
Mine Operations Mine Operations
(000s ounces) ($/oz) (000s ounces) ($/oz)
($mm) ($mm)
Mesquite 32 $722 $13 113 $664 $58
Cerro San Pedro 34 $218 $41 103 $205 $123
Peak Mines 22 $796 $15 64 $772 $42
New Afton 7 ($955) $8 7 ($955) $8
95 $443 $77 286 $486 $231
Note: 1. Refer to Cautionary Statement and note on Total cash cost.
TD Securities Mining Conference | January 29-30, 2013 24 24

25. Appendix 1
Track record of per share growth outperforming gold
Average gold price increased by 62% from 2009 through 2011
Adjusted earnings per share Net cash generated from operations per share
$0.44
267% 104%
$0.53
$0.48
$0.30
$0.26
$0.12
2009 2010 2011 2009 2010 2011
Net asset value per share(1)(2) Measured & Indicated gold resource per 1,000 shares(3)
$11.02 25%
348% 40.8
32.7
$6.68
$2.46
6/1/09 12/31/10 12/31/11 12/31/10 12/31/11
Notes: 1. Net asset value as at June 1, 2009 based on New Gold and Western Goldfields business combination.
2. Based on average of consensus net asset value per share ascribed by analysts covering New Gold.
3. Measured and Indicated gold resource shown inclusive of reserves.
TD Securities Mining Conference | January 29-30, 2013 25 25

26. Appendix 1
2012 guidance
Gold production(1) Total cash cost(1)
405 - 445Koz $410 - $430/oz
2012 cash cost estimate assumes: 2012 Guidance
• $30.00 per ounce silver
Gold production Total cash cost(1)
• $3.50 per pound copper (ounces) ($/oz)
• Parity Australian dollar Mesquite 140,000 - 150,000 $710 - $730
• Parity Canadian dollar
Cerro San Pedro 140,000 - 150,000 $250 - $270
Total company cash cost subject to following sensitivities:
Peak Mines 90,000 - 100,000 $640 - $660
• +/- $1.00 per ounce silver ~ +/- $5 per ounce
• +/- $0.25 per pound copper ~ +/- $25 per ounce New Afton 35,000 - 45,000 ($1,200) - ($1,300)
• +/- $0.05 AUD FX ~ +/- $10 per ounce
Total 405,000 - 445,000 $410 - $430
• +/- $0.05 CDN FX ~ +/- $5 per ounce
Notes: 1. Refer to Cautionary Statement and note on Total cash cost.
TD Securities Mining Conference | January 29-30, 2013 26 26

27. Appendix 2
Mesquite
2011 Actual & 2012 Guidance
Gold production (ounces) 2011A 2012E
140,000 - 150,000 Tonnes processed
11,733 12,500 – 13,500
(000 tonnes)
Tonnes mined
45,973 45,000 – 47,000
(000 tonnes)
Total cash cost ($ per ounce)
Grade - gold (g/t) 0.57 0.50 – 0.55
$710 - $730
Capital
19 ~14
($ million)
2011A versus 2012E Key assumptions and sensitivities
• Lower strip ratio to result in higher ore tonnes • Diesel comprises ~20% of Mesquite’s total costs
processed • Rack diesel price most correlated to Brent oil price
• Gold grade is expected to decline from 2011 − Brent oil price increased by 13% since
levels beginning of 2011
• Increase in costs primarily driven by lower • Every 10% change in diesel price has ~$15 per
gold production ounce impact on costs
Notes: 1. Mesquite life-of-mine recovery continues to track at ~75% for oxide; ~35% for sulphides.
TD Securities Mining Conference | January 29-30, 2013 27 27

28. Appendix 2
Cerro San Pedro
2011 Actual & 2012 Guidance
Gold production (ounces)
2011A 2012E
140,000 - 150,000
Tonnes processed
16,763 14,000 – 15,000
(000 tonnes)
Silver production (million ounces)
Tonnes mined
33,276 31,000 – 33,000
1.9 - 2.1 (000 tonnes)
Grade - gold (g/t) 0.48 0.55 – 0.60
Total cash cost ($ per ounce) Grade – silver (g/t) 24 20 – 25
$250 - $270 Capital
7 ~16
($ million)
2011A versus 2012E Key assumptions and sensitivities
• Expected production of gold and silver consistent • Silver price - $30 per ounce (2011A - $35.15/oz)
with 2011 • Mexican Peso: U.S. foreign exchange – 13:1
• Decrease in tonnes processed offset by • $1.00 per ounce change in silver equals ~$15 per
grade and recovery movements ounce change in Cerro San Pedro cash cost
• Increase in costs primarily driven by lower silver • 1.0 change in Mexican Peso equals ~$15 per
by-product price assumption ounce change in Cerro San Pedro cash cost
Notes: 1. Cerro San Pedro life-of-mine recovery continues to track at: Gold – ~60%, Silver – ~30%.
TD Securities Mining Conference | January 29-30, 2013 28 28

29. Appendix 2
Peak Mines
2011 Actual & 2012 Guidance
Gold production (ounces) 2011A 2012E
Tonnes processed
90,000 - 100,000 783 780 – 800
(000 tonnes)
Tonnes mined
755 780 – 800
Copper production (million pounds) (000 tonnes)
12 - 14 Grade - gold (g/t) 3.94 4.0 – 4.2
Grade – copper (%) 0.93 0.88 – 0.90
Total cash cost ($ per ounce) Recovery – gold (%) 89 88 – 90
$640 - $660 Recovery – copper (%) 82 85 - 87
Capital
50 ~60
($ million)
2011A versus 2012E Key assumptions and sensitivities
• Increased gold production driven by increases in • Copper price - $3.50 per pound (2011A - $3.78/lb)
tonnes processed, gold grades and recoveries • Australian dollar: U.S. foreign exchange – 1:1
• Similar copper production a result of increased • $0.25 per pound change in copper equals ~$35 per
tonnes processed and copper recoveries offset ounce change in Peak cash cost
by lower copper grades
• 0.01 change in Australian dollar equals ~$10 per
ounce change in Peak cash cost
TD Securities Mining Conference | January 29-30, 2013 29 29

30. Appendix 3
Block cave mines
TD Securities Mining Conference | January 29-30, 2013 30 30

31. Appendix 3
New Afton – 2012 production start-up
• The combination of over six months of active underground mining and the existence of the ore stockpile led
to an efficient mill start-up
• Mill started on June 28, 2012
• Commercial production achieved on July 31, 2012
Tonnes per day
15,000 Period of drawdown
of stockpile inventory
Mill reaches 11,000
12,500 tpd
10,000
7,500
Mining/milling rate
reach 11,000 tpd run-
5,000 rate level
Mill starts in June and reaches
2,500 6,600 tpd commercial rate in
August
-
January March May July September November January March
2012 2013
Mine tpd Mill feed tpd
TD Securities Mining Conference | January 29-30, 2013 31 31

32. Appendix 3
Production and sales
New Afton 2012 Guidance
Gold production (ounces)
Tonnes processed (000 tonnes) 1,900 – 2,200
35,000 - 45,000
Grade - gold (g/t) 0.75 – 0.85
Grade - copper (%) 0.85 – 0.95
Copper production (million pounds)
Recovery – gold (%) 88 – 90
30 - 35
Recover – copper (%) 88 – 90
Gold sales (ounces) • Difference between production and sales
a result of pre-commercial production
20,000 - 30,000 commodity sales being net against capital
costs and timing of certain concentrate
sales
Copper sales (million pounds)
20 - 25
TD Securities Mining Conference | January 29-30, 2013 32 32

33. Appendix 3
Operating costs
• Operating costs ~$25 per tonne in first five months of commercial production(1)
– Life-of-mine average ~$18 - $22 per tonne
~$6.20/t ~$4.60/t
~$9.20/t
Processing Mining G&A
2012 co-product cash cost(3)
2012 by-product cash cost(2)
$630 - $650 per ounce,
($1,200) - ($1,300) per ounce
$1.35 - $1.45 per pound
• Costs expected to be lower in future years as ‘per tonne’ cost reaches steady-state level
– Life-of-mine average by-product cost ~($1,750)(4)
– Life-of-mine average co-product costs(4) of ~$525 per ounce gold and ~$1.15 per pound copper
Notes: 1. Includes treatment and refining charges and assumes parity Canadian/U.S. dollar foreign exchange rate.
2. Assumes $3.50 per pound copper price and parity Canadian/U.S. dollar foreign exchange rate.
3. Co-product costs calculated on a percentage of revenue basis and assume a gold price of $1,600 per ounce.
4. Based on assumption of $1,600 per ounce gold, $3.50 per pound copper and a parity foreign exchange rate.
TD Securities Mining Conference | January 29-30, 2013 33 33

34. Appendix 3
New Afton – C Zone exploration
• 3 phase underground core drilling program totaling 40,000 meters commencing Q3 2012
• Phase 1: ~15,000 meters to delineate eastern limits of C-zone and assess potential to lower block cave
extraction level for B3 reserve block - estimated completion by end Q1’13
• Phases 2 & 3: ~25,000 meters to explore extensions to west and at depth - estimated completion Q4’13
C Zone Resource (2010)
Tonnes Au Cu Gold Copper
000’s g/t % Koz Mlbs
M&I 3,637 0.78 0.96 92 76
Inferred 11,317 0.60 0.75 218 186
Cross
Long Section
Section Looking South
Looking East
TD Securities Mining Conference | January 29-30, 2013 34 34

35. Appendix 4
El Morro (30%) – funding structure(1)
Total Capital 100%
100% Average annual
~ $3.9 billion cash flow
30% 70%
Funded by
~ $2.7 billion
$1.2 billion 30% 70%
interest at 4.58%
20% 80%
Carried funding repayment
• New Gold’s 30% share of development capital 100% carried
– Interest fixed at 4.58%
Notes: 1. Based on 2011 Feasibility Study.
TD Securities Mining Conference | January 29-30, 2013 35 35

36. Appendix 4
Selected porphyry gold/copper deposits/mines(1)
Gold
Grade
(g/t)
0.80
0.70
0.60 $38/t $42/t
El Morro
0.50 $51/t
0.40
$27/t
$40/t
0.30
$24/t
$49/t
0.20
0.10
$29/t
Copper
-- Grade
0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% (%)
Agua Rica Alumbrera Cadia-Ridgeway (2) Cerro Casale
Chapada Cobre Panama El Morro Mt. Milligan
Source: Company disclosure.
Notes: 1. Circle sizes are representative of contained metal value of the reserves per tonne of reserve. Contained metal value calculated using Street research consensus long-term commodity pricing.
2. Includes “Cadia East Underground” and “Ridgeway Underground” reserves as indicated in Newcrest’s February 10, 2012 press release; does not include “Other” Cadia province reserves.
TD Securities Mining Conference | January 29-30, 2013 36 36

37. Appendix 4
El Morro relative positioning(1)
El Morro within Goldcorp portfolio
(2)
Gold Reserves Gold Equivalent
Asset Asset
(Moz) (Moz)
Penasquito 16.5 Penasquito 45.2
Pueblo Viejo 10.1 El Morro 15.4
Los Filos 7.8 Pueblo Viejo 11.8
El Morro 5.8 Los Filos 8.7
Cerro Negro 4.5 Cerro Negro 5.2
Notes: 1. Based on Goldcorp’s December 31, 2011 year-end resource statements.
2. Gold equivalent calculated based on the following commodity prices: Gold - $1,595/oz; Silver - $28.75/oz; Copper - $3.50/lb; Lead - $0.88/lb; Zinc - $0.86/lb.
TD Securities Mining Conference | January 29-30, 2013 37 37

38. Appendix 5
Blackwater drill program
Cumulative number Cumulative number
Drilling cut-off date
of holes of metres
March 2011
December 31, 2010 77 24,563
Initial Resource
September 2011
July 31, 2011 148 49,223
Resource update
Year-end 2011
November 30, 2011 218 67,848
Resource update
March 2012
December 31, 2011 261 89,460
Resource update
April 2012
March 5, 2012 328 115,950
2012 assays received
July 2012
May 14, 2012 449 149,739
Resource update
TD Securities Mining Conference | January 29-30, 2013 38 38

39. Appendix 5
Blackwater – Project overview
• Start of production in 2017
• Conventional truck and shovel open pit mine with 60,000 tonnes per day processing plant
• Life-of-mine strip ratio of 2.36 to 1
• Low grade stockpiling strategy
• Simple, conventional flowsheet using whole ore leach process
• Life-of-mine gold and silver recoveries of 87% and 53%, respectively
• Conventional waste rock and Tailings Storage Facility
• Power supply from the hydroelectric power grid, via 133 kilometre transmission line
• Minimal off-site infrastructure required
– Good existing access road; water supply within 15 kilometres
• Low environmental risk and facility designed for closure
TD Securities Mining Conference | January 29-30, 2013 39 39

40. Appendix 5
PEA resource summary
• The deposit contains an Indicated mineral resource of 267 Mt at 0.88 g/t Au and 4.3 g/t Ag and an Inferred
mineral resource of 121 Mt at 0.69 g/t Au and 7.3 g/t Ag at a base case lower cut-off of 0.30 gram per tonne
gold equivalent
• Mineral estimate is CIM 2010 compliant and prepared under Canadian National Instrument 43-101
– Based upon geologic block model that incorporated over 147,282 individual assays from 168,709
metres of diamond drill core in 449 drill holes
– Average drill hole spacing of approximately 50 metres is sufficient to support mineral resource
estimation up to the Indicated category
• Mineral resource includes drill data received through May 14, 2012
Blackwater Project PEA Mineral Resource Estimate
Indicated Mineral Resource Inferred Mineral Resource
AuEq AuEq
Cut-off Tonnes Au Ag Au Ag Cut-off Tonnes Au Ag Au Ag
(g/t) (Mt) (g/t) (g/t) (Moz) (Moz) (g/t) (Mt) (g/t) (g/t) (Moz) (Moz)
0.25 280.4 0.85 4.2 7.64 37.9 0.25 128.6 0.66 7.0 2.72 28.9
0.30 267.1 0.88 4.3 7.52 36.9 0.30 120.5 0.69 7.3 2.66 28.3
0.40 230.6 0.96 4.6 7.14 34.1 0.40 98.9 0.77 7.8 2.45 24.8
Notes:
1. Mineral Resource Estimate has an effective date of July 27, 2012 and was prepared by Ronald G. Simpson, P Geo.
2. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
3. Mineral Resources are amenable to open pit mining methods as defined by a Lerchs-Grossmann optimized pit simulation.
4. The Lerchs-Grossmann optimized pit is based on assumptions that include US$/CDN$ parity foreign exchange rate, 83.6% Au recovery, 44.9% Ag recovery,
$1.52/tonne mining cost, $1.90/tonne waste mining cost, $10.52/tonne process and G&A cost. No allowances have been made for mining losses and dilution. The
average pit slope angle is assumed to be 40°.
5. The base case gold equivalent (AuEq) cut-off (bolded) is greater than the conceptual marginal cut-off of 0.23 g/t.
6. AuEq = $24/oz Ag x 44.9% / $1,300/oz x 83.6%.
7. Gold analyses are performed by fire assay/AA finish methods and silver analyses are performed by Induction Coupled Plasmaspectrometry (ICP). Silver ICP
analyses are not known with the same precision and do not have the same quality control support as gold fire assay analyses.
8. Rounding as required by reporting guidelines has been used, and totals may not sum.
TD Securities Mining Conference | January 29-30, 2013 40 40

41. Appendix 5
Blackwater PEA costs - Capital
Project Development Capital Costs • Project is located 112 kilometres southwest
Description Cost ($ million) from Vanderhoof and has access to low cost
hydroelectric power
Direct Costs
Mining & Pre-production Development $208 • Development capital estimate of $1.8 billion is
inclusive of a 24% or $346 million
On Site Infrastructure $181
contingency
Process $539
• Development capital estimated based on the
Tailing and Water Reclaim $74
current cost environment
Infrastructure (Power, Water, Road) $85
Total Direct Costs $1,087
– A parity foreign exchange rate was
assumed and the capital estimate was
Owner's and Indirect Costs
held constant in the economic analysis
Owner's Costs $54
• Sustaining capital of $537 million, reclamation
EPCM $112
and closure costs of $95 million and $72 million
Other Indirects $215 in equipment salvage value
Total Owner's and Indirect Costs $381
Subtotal $1,468 Total development and sustaining
Contingency (24%) $346 capital estimated at $294 per
Total Project $1,814 recoverable gold ounce
TD Securities Mining Conference | January 29-30, 2013 41 41

42. Appendix 5
Blackwater PEA costs - Operating
Mining Costs
Project Operating Costs
4% 4%2% Hauling
Area Unit Cost (C$/t milled) $ per gold ounce produced
4% Auxiliary
Mining $6.21 $259 6% Blasting
G&A
Processing $7.59 $317 9% Drilling
59%
General and Administrative $0.95 $40 11% Loading
General Maint.
Royalty (0.6%) $0.18 $8 General Mine
Refining $0.23 $9
Silver by-product sales at $22.50 per ounce silver ($2.16) ($90) Processing Costs
1% Reagents
Total cash costs(1) net of by-product sales $13.01 $543
6%
8% Grinding
Total Cash Costs (1)
Schedule
Media/liners
Electricity
17% 44%
Production Years $ per gold ounce produced Labour
Years 1 through 5 $467 Maint materials
24%
Years 1 through 15 $536 Water Supply
Years 16 through 17 $678
Life-of-mine $543
Blackwater’s location near infrastructure, low stripping ratio, access to low cost power and silver
by-product revenue expected to result in the Project having well below industry average cash costs
Note: 1. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 42 42

43. Appendix 5
Open pit mining cost
$4.00
$3.50
Mining cost per tonne moved (US$/t)
$3.00
$2.50
Cerro San Pedro
$2.00
Blackwater
$1.50
Mesquite
$1.00
$0.50
-
- 30 60 90 120 150
1,000 tonnes per day
Hycroft Prosperity Blackwater Malartic (start-up) Cerro San Pedro Marigold Rainy River Morelos Haile Malartic (technical report)
Rosemont Detour (LOM) Mt. Milligan Donlin Creek Copper Mountain Mesquite La India Young Davidson Pinos Altos Detour (first ten years)
Note: 1. Company technical reports and investor presentations.
2. Malartic mining cost shown during start-up phase and life-of-mine estimate from technical report on May 10, 2011.
3. Detour mining cost shown for first ten years and life-of-mine based on updated mine plan from September 4, 2012 news release.
TD Securities Mining Conference | January 29-30, 2013 43 43

44. Appendix 5
Production and cash costs profile
Life-of-mine
Gold production – 489koz
Total cash costs - $543/oz
Years 1 through 5 Years 1 through 15 Years 16 through 17
Gold production – 569koz Gold production – 507koz Gold production – 296koz
Total cash costs - $467/oz Total cash costs - $536/oz Total cash costs - $678/oz
700 $1,000
Gold production Base Case cash costs
600
$750
500
Gold production (thousand ounces)
Total Cash Costs ($/oz) (1)
400
$500
300
200
$250
100
- -
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Note: 1. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 44 44

45. Appendix 5
PEA highlights(1)
PEA Results Base Case Spot Case
Gold Price (US$/oz) $1,275 $1,775
Silver Price (US$/oz) $22.50 $34.50
US$/CDN$ Foreign Exchange 0.94 1.00
After-tax NPV(5%) ($ billions) $1.1 $2.8
After-tax IRR 14.0% 25.8%
After-tax payback period (years) 4.8 2.7
Operating cash flow ($ millions)
Base Case Spot Case
$900
• Average spot case
$750
cash flow during first
Operating cash flow
five years of ~$655
$600 million
$450
• Cumulative spot case
$300 cash flow during first
five years of ~$3.3
$150 billion
$0
2017 2018 2019 2020 2021
Note: 1. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 45 45

46. Appendix 5
Perspectives on capital costs
• Blackwater development capital After-tax IRR (%)(1)(2)
cost of $1.8 billion inclusive of 24%,
or $346 million, contingency Gold price ($/oz)
– $227 per recoverable ounce $1,275 $1,600 $1,775 $1,800
• Costed in mid-2012 capital
environment assuming parity
Development capital ($ billions)
$1.5 18.1% 27.5% 31.8% 32.5%
foreign exchange rate
• Capital intensity may be abating $1.6 16.6% 25.4% 29.6% 30.2%
• Large diversified companies,
accounting for ~55% of global $1.7 15.2% 23.6% 27.6% 28.2%
capital, delaying certain projects
• Oil sands project expansions also $1.8 14.0% 22.0% 25.8% 26.4%
being delayed
• Each $100 million change in development capital equates
to a ~$100 million change in NPV
New Gold could benefit from announced delays in capital projects of major companies
Note: 1. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
2. IRR calculated to beginning of construction period in 2015.
TD Securities Mining Conference | January 29-30, 2013 46 46

47. Appendix 5
Total acquisition cost (“TAC”)
• Acquisition costs of $602(1) million Total Acquisition Cost per Ounce
based on:
Total
– Richfield - $470 million ($mm)
$ Per Ounce (2)
– Silver Quest - $114 million
Total Acquisition costs to date $602 $75
– Geo Minerals - $18 million Development capital $1,814 $227
Life-of-mine sustaining capital $537 $67
• Total acquisition cost of $912 per
Life-of-mine average cash costs ($/oz) (3) $543
ounce below recent industry
Total acquisition cost ($/oz) $912
comparable transactions
– Further potential to decrease Spot gold price ($/oz) $1,775
break-even gold price with
continued resource expansion (Discount)/Premium to spot gold (49%)
Break-even gold price $912
Notes: 1. Per 2011 Annual financial statements.
2. Per ounce calculations based on 6.2 million ounces from the Indicated category and 1.8 million ounces from the Inferred category.
3. Refer to Cautionary Statement and note on Total cash costs and PEA additional cautionary note.
TD Securities Mining Conference | January 29-30, 2013 47 47

48. Appendix 5
Areas of optimization
Potential for expansion of the resource to the north and to depth
Further geotechnical drilling to assess the possibility of steepening pit slopes
Potential to reduce mining costs through mine plan optimization
Optimizing process flowsheet
TD Securities Mining Conference | January 29-30, 2013 48 48

49. Appendix 5
Blackwater Resource Growth – July 2012
July 2012
Indicated Inferred
Mt Au g/t Mt Au g/t
267 0.88 121 0.69
7.5 Moz 2.7 Moz
Cumulative Drilling
Holes Metres
449 147,282
TD Securities Mining Conference | January 29-30, 2013 49 49

50. Appendix 5
Blackwater – July 2012 drill results
July 18, 2012
Notes: 1. For complete summary of 2012 assay results, refer to New Gold website at www.newgold.com.
TD Securities Mining Conference | January 29-30, 2013 50 50

51. Appendix 5
Blackwater Block Model – July 2012
NW Silver Zone
TD Securities Mining Conference | January 29-30, 2013 51 51

52. Appendix 5
BW Section 5892,800N – July 2012 Block Model
TD Securities Mining Conference | January 29-30, 2013 52 52

53. Appendix 5
BW Section 375,500E – July 2012 Block Model
Silver Zone
TD Securities Mining Conference | January 29-30, 2013 53 53

54. Appendix 5
Blackwater regional exploration
17
TD Securities Mining Conference | January 29-30, 2013 54 54

55. Appendix 5
Blackwater PEA mineral resource
NW Silver Zone
Sxn 5893,500N
SW
Breccia
Pipe
Sxn 375,000E
TD Securities Mining Conference | January 29-30, 2013 55 55

56. Appendix 5
Blackwater exploration upside opportunities
Section 5893,500N Gold Section 375,000E
NW ‘Silver Zone’
SW Breccia Pipe
TD Securities Mining Conference | January 29-30, 2013 56 56

57. Appendix 5
Blackwater exploration upside opportunities (cont’d)
Section 5893,500N Silver Section 375,000E
NW ‘Silver Zone’
SW Breccia Pipe
TD Securities Mining Conference | January 29-30, 2013 57 57

58. Appendix 6
Reserves and resource notes
Mineral Reserves statement as at December 31, 2011
Metal grade Contained metal
Tonnes Gold Silver Copper Gold Silver Copper
000's g/t g/t % Koz Koz Mlbs
Mesquite
Proven 14,548 0.67 - - 313 - -
Probable 138,796 0.55 - - 2,448 - -
Mesquite P&P 153,345 0.56 - - 2,762 - -
Cerro San Pedro
Proven 23,972 0.58 16.99 - 447 13,091 -
Probable 35,267 0.49 15.30 - 559 17,352 -
Cerro San Pedro P&P 59,239 0.53 15.98 - 1,006 30,443 -
Peak
Proven 1,608 6.33 8.4 0.82 327 434 29
Probable 1,811 4.80 6.7 0.92 279 390 37
Peak P&P 3,419 5.50 7.5 0.87 606 824 66
New Afton
Proven - - - - - - -
Probable 47,900 0.64 2.0 0.90 986 3,080 954
New Afton P&P 47,900 0.64 2.0 0.90 986 3,080 954
El Morro 100% 30%
Proven 308,036 0.58 - 0.57 1,716 - 1,153
Probable 212,167 0.38 - 0.51 787 - 715
El Morro P&P 520,024 0.50 - 0.54 2,503 - 1,868
TD Securities Mining Conference | January 29-30, 2013 58 58

59. Appendix 6
Reserves and resource notes (cont’d)
Measured and Indicated mineral Resource statement (inclusive of Reserves) as at December 31, 2011
Metal grade Contained metal
Tonnes Gold Silver Copper Zinc Lead Gold Silver Copper Zinc Lead
000's g/t g/t % % % Koz Koz Mlbs Mlbs Mlbs
Mesquite
Measured - oxide 19,182 0.51 - - - - 316 - - - -
Indicated - oxide 269,872 0.39 - - - - 3,407 - - - -
Mesquite M&I - oxide 289,054 0.40 - - - - 3,723 - - - -
Measured - non oxide 4,688 0.91 - - - - 137 - - - -
Indicated - non oxide 79,851 0.65 - - - - 1,674 - - - -
Mesquite M&I - non oxide 84,539 0.66 - - - - 1,811 - - - -
Total Mesquite 373,594 0.46 - - - - 5,534 - - - -
Cerro San Pedro
Measured - open pit oxide 25,722 0.44 15.36 - - - 367 12,706 - - -
Indicated - open pit oxide 55,647 0.31 12.28 - - - 546 21,976 - - -
CSP M&I - open pit oxide 81,369 0.35 13.26 - - - 913 34,682 - - -
Measured - open pit sulphide 13,317 0.54 13.60 - 0.64 0.10 232 5,823 - 187 29
Indicated - open pit sulphide 46,697 0.44 10.23 - 0.55 0.08 667 15,355 - 566 77
CSP M&I - open pit sulphide 60,014 0.47 10.98 - 0.57 0.08 899 21,178 - 753 106
Total CSP M&I - open pit 1,812 55,860
Peak
Measured 3,092 4.89 7.3 1.14 - - 486 726 78 - -
Indicated 3,697 3.89 7.1 1.09 - - 462 844 89 - -
Peak M&I 6,789 4.30 7.2 1.11 - - 948 1,570 167 - -
New Afton
Measured 36,500 0.90 2.7 1.24 - - 1,058 3,194 1,002 - -
Indicated 33,300 0.64 2.1 0.80 - - 685 2,276 584 - -
New Afton M&I 69,800 0.78 2.4 1.03 - - 1,742 5,470 1,586 - -
Blackwater
Blackwater Indicated 267,145 0.88 4.3 - - - 7,524 36,932 - - -
Capoose Indicated 31,216 0.38 26.5 - - - 384 26,594 - - -
El Morro 100% 30%
Measured - open pit 343,088 0.55 - 0.54 - - 1,836 - 1,233 - -
Indicated - open pit 333,312 0.35 - 0.44 - - 1,117 - 960 - -
El Morro M&I - open pit 676,400 0.45 - 0.49 - - 2,954 - 2,193 - -
TD Securities Mining Conference | January 29-30, 2013 59 59

60. Appendix 6
Reserves and resource notes (cont’d)
Inferred Resource statement as at December 31, 2011
Metal grade Contained metal
Tonnes Gold Silver Copper Zinc Lead Gold Silver Copper Zinc Lead
000's g/t g/t % % % Koz Koz Mlbs Mlbs Mlbs
Mesquite 38,633 0.41 - - - - 512 - - - -
Cerro San Pedro
Inferred - open pit oxide 40,355 0.17 8.55 - - - 214 11,091 - - -
Inferred - open pit sulphide 24,736 0.47 7.40 - 0.50 0.07 374 5,882 - 271 39
588 16,972 - 271 39
Manto Underground sulphides 6,270 1.83 94.51 - 3.09 1.09 368 19,052 - 427 151
Peak 3,147 2.56 4.8 1.54 - - 259 486 107 - -
New Afton 29,200 0.51 1.6 0.61 - - 483 1,478 390 - -
Blackwater
Blackwater 120,478 0.69 7.3 - - - 2,661 28,276 - - -
Capoose 37,256 0.37 24.6 - - - 443 29,518 - - -
100% 30%
El Morro
Open pit 637,495 0.10 - 0.25 - - 605 - 1,045 - -
Underground 128,280 0.97 - 0.78 - - 1,205 - 660 - -
El Morro Inferred 1,810 1,705
TD Securities Mining Conference | January 29-30, 2013 60 60

61. Appendix 6
Reserves and resource notes (cont’d)
Mineral reserves are contained within measured and indicated mineral resources. Measured and indicated mineral resources that are not mineral reserves do not have demonstrated economic
viability as defined by a technical feasibility study. Inferred mineral resources are not known with the same degree of certainty as measured and indicated resources, do not have demonstrated
economic viability, and are exclusive of mineral reserves. Mineral Reserves have been estimated and reported in accordance with the CIM Standards and National Instrument 43-101, or the
AusIMM JORC equivalent.
1) Mineral Reserves for the company’s mining operations and development projects have been calculated based on the following metal prices and lower cut-off criteria:
Mineral Property Gold (US$/oz) Silver (US$/oz) Copper (US$/lb) Lower Cut-off
Mesquite $1,200 - - 0.21 g/t Au – Oxide reserves
0.41 g/t Au – Non-oxide reserves
Cerro San Pedro $1,200 $20.00 - US$3.49/t NSR
Peak Mines $1,300 $25.00 $2.75 A$130 – 184/t NSR
New Afton $1,200 $20.00 $2.50 US$24/t NSR
El Morro $1,200 - $2.75 0.20% Cu
TD Securities Mining Conference | January 29-30, 2013 61 61

62. Appendix 6
Reserves and resource notes (cont’d)
2) Mineral Resources for the company’s mining operations and development projects have been calculated based on the following metal prices and lower cut-off criteria:
Mineral Property Gold Silver Copper Zinc Lead Lower Cut-off
(US$/oz) (US$/oz) (US$/lb) (US$/lb) (US$/lb)
Mesquite $1,300 - - - - 0.11 g/t Au – Oxide resources
0.22 g/t Au – Non-oxide resources
Cerro San Pedro $1,300 $24.00 - $1.00 $1.00 0.1g/t AuEq – Oxide resources
0.4g/t AuEq – Open pit Sulphide resources
2.5g/t AuEq – Underground manto resources
Peak Mines $1,300 $24.00 $2.75 $0.85 $0.65 A$103 - 137/t NSR
New Afton $1,300 $24.00 $2.75 - - 0.40% CuEq – All resources
El Morro $1,350 - $3.25 - - 0.15% Cu – Open pit resources
0.20% Cu – Underground resources
Blackwater $1,300 - - - - 0.30 g/t AuEq – All resources
Capoose $1,025 - - - - 0.40 g/t AuEq – All resources
Mineral resources have been estimated and reported in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101, or the
AusIMM JORC equivalent.
3) Mineral resources are classified as measured, indicated and inferred resources and are reported based on technical and economic parameters consistent with the methods most suitable for
their potential extraction and mineral processing. Where different mining and/or processing methods might be applied to different portions of a mineralized system or metal deposit, the
designators ‘open pit’ and ‘underground’ have been applied to indicate likely mining method. Likewise the designators ‘oxide’, ‘non-oxide’ and ‘sulfide’ have been applied to indicate the type of
mineralization as it applies to appropriate mineral processing method and expected payable metal recoveries. Additional details regarding mineral resource estimation, classification and
reporting parameters for each of New Gold’s mines and projects are provided in the respective NI 43-101 Technical Reports and available on SEDAR.
4) Qualified Person: The preparation of New Gold’s mineral reserve and resource statements has been done by Qualfied Persons as defined under Canadian under National Instrument 43-101
under the oversight and review of Mark Petersen, a Qualified Person under National Instrument 43-101 and employee of New Gold.
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63. Appendix 7
Commodity price/foreign exchange assumptions
Guidance/consensus:
2012 2013 2014
Gold price ($/oz) 1,600 1,760 1,600
Silver price ($/oz) 30.00 34.38 30.00
Copper price ($/oz) 3.50 3.85 3.50
USD/AUD 1.00 1.01 0.96
USD/CAD 1.00 1.00 1.01
USD/MXN 13.00 12.35 12.50
Spot:
Spot
Gold price ($/oz) 1,655
Silver price ($/oz) 30.85
Copper price ($/oz) 3.65
USD/AUD 1.04
USD/CAD 1.00
USD/MXN 12.76
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64. Contact information
Investor Relations
Hannes Portmann
Vice President, Corporate Development
416-324-6014
hannes.portmann@newgold.com
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