Analyst Coverage

New Gold Inc. is followed by the analysts listed below. PLEASE NOTE that opinions, estimates or forecasts regarding New Gold Inc. performance made by these analysts must be regarded as theirs alone and not to be taken as representing opinions, forecasts or predictions of New Gold Inc. or its management. By reference to the information below, New Gold Inc. does not imply that it adopts, endorses or concurs with any information, conclusions or recommendations provided by such analysts.

CompanyNamePhone #

GMP Securities L.P.

Craig West

416-943-6121

Jennings Capital Inc.

Stuart McDougall

416-304-2170

Macquarie Capital

George Albino

416-848-3594

Paradigm Capital

Don MacLean

416-360-3459

RBC Capital Markets

Michael Curran

416-842-3770

TD Newcrest

Steven Green

416-307-6304

Wellington West Capital Markets Inc.

Catherine Gignac

416-847-2790