NEW GOLD ANNOUNCES RESULTS OF VOTE FOR ELECTION OF BOARD OF DIRECTORS

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New Gold (NYSE American: NGD) announced the voting results from its Annual and Special Meeting of Shareholders held on May 6, 2025. The election results showed strong shareholder support for all nine director nominees, with approval ratings ranging from 91.97% to 99.70%. Patrick Godin received the highest approval at 99.70%, while Nicholas Chirekos received 91.97% of votes in favor.

The company also conducted a Say on Pay advisory vote, which received 94.37% approval from shareholders, with 405,189,666 votes in favor and 24,195,443 votes against.

TORONTO, May 7, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) today announces the voting results from the election of its Board of Directors at New Gold's Annual and Special Meeting of Shareholders (the "Meeting") held on May 6, 2025, as set out below.

Election of Directors

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Patrick Godin	428,081,129	99.70 %	1,303,979	0.30 %
Sophie Bergeron	427,630,255	99.59 %	1,754,853	0.41 %
Ross Bhappu	427,911,430	99.66 %	1,473,678	0.34 %
Nicholas Chirekos	394,885,856	91.97 %	34,499,252	8.03 %
Gillian Davidson	426,373,176	99.30 %	3,011,932	0.70 %
Thomas McCulley	427,919,939	99.66 %	1,465,169	0.34 %
Christian Milau	424,822,124	98.94 %	4,562,984	1.06 %
Richard O'Brien	405,488,179	94.43 %	23,896,929	5.57 %
Marilyn Schonberner	426,184,735	99.25 %	3,200,373	0.75 %

Say on Pay Advisory Vote

Votes For	Votes Against	% For	% Against
405,189,666	24,195,443	94.37 %	5.63 %

The results of the other matters considered at the Meeting are disclosed in the Report of Voting Results filed on SEDAR+ at www.sedarplus.com on May 7, 2025.

About New Gold

New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine and the Rainy River gold mine. New Gold's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for our shareholders and stakeholders. For further information on the Company, visit www.newgold.com. 

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SOURCE New Gold Inc.

FAQ

What was the outcome of New Gold's (NGD) 2025 Board of Directors election?

All nine director nominees were successfully elected with strong approval ratings ranging from 91.97% to 99.70%. Patrick Godin received the highest approval at 99.70%.

How did shareholders vote on New Gold's Say on Pay proposal in 2025?

The Say on Pay advisory vote received 94.37% approval, with 405,189,666 votes in favor and 24,195,443 votes against.

Who received the highest and lowest approval ratings in New Gold's 2025 board election?

Patrick Godin received the highest approval rating at 99.70%, while Nicholas Chirekos received the lowest at 91.97%.

When was New Gold's 2025 Annual and Special Meeting of Shareholders held?

The Annual and Special Meeting of Shareholders was held on May 6, 2025.