NewWest Gold Corporation Files Final Prospectus for CDN$20.5 Million Initial Public Offering

Toronto, Canada (ots/PRNewswire) -

- NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

NewWest Gold Corporation ("NewWest" or "the Company") announces
that it has filed a final prospectus with Canadian securities
regulators and the Toronto Stock Exchange ("TSX") for an initial
public offering of 8,200,000 common shares at CDN$2.50 per share
("IPO Price"). It is expected that the offering will close on August
29, 2006 at which time NewWest's common shares will commence trading
on the TSX under the symbol NWG. After giving effect to this
offering, the Company will have 58.2 million common shares
outstanding.

The offering was sold through an underwriting syndicate with
Canaccord Capital Corporation, GMP Securities L.P. and Wellington
West Capital Markets Inc. Canaccord Capital Corporation acted as
lead underwriter of this syndicate. NewWest has granted the
underwriters an over-allotment option to purchase an additional
number of shares at the IPO Price equal to 15% of the underwritten
shares for a period of 30 days following the closing of the
offering.

About NewWest Gold Corporation

NewWest Gold Corporation is engaged in the business of exploring
and developing gold properties in the western United States,
primarily in northern Nevada in established gold trends, including
the Carlin and Cortez Trends. The Company holds a total of 19
exploration projects, spanning approximately 623,000 acres of
mineral interests principally on private lands. Four of these
projects are advanced stage and eight more have drill indicated gold
mineralisation. The Company's final prospectus is available at
www.sedar.com.

Forward-Looking Statements

Information in this news release that is not current or historical
factual information may constitute forward-looking information within
the meaning of securities laws. Implicit in this information,
particularly in respect of future operating results and economic
performance of the Company, are assumptions regarding projected
revenue and expenses which, although considered reasonable by the
Company at the time of preparation, may prove to be incorrect.
Readers are cautioned that actual results are subject to a number of
risks and uncertainties, including general economic, market and
business conditions and could differ materially from what is
currently expected.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, which may be made only by means of a
prospectus, nor shall there be any sale of the common shares in any
state, province or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under securities laws of any such state, province or
other jurisdiction. The common shares of NewWest have not been, and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered, sold or delivered in the United
States absent registration or an application for exemption from the
registration requirements of U.S. securities laws.

ots Originaltext: NewWest Gold Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: NewWest Gold Corporation, Tel:
+1-303-425-7042, Fax: +1-303-425-6634, info@newwestgold.com; Steve
Alfers, President and Chief Executive Officer; Pam Saxton, Vice
President and Chief Financial Officer