Newwest Gold Corporation Reports 2006 Operating and Financial Results

Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation
(TSX:NWG) ("NewWest"), one of the largest holders of precious metals
mineral rights projects in Nevada's gold trends, today announced its
fourth quarter and year-end results for fiscal 2006.

Project Highlights

- Drilling at the Sandman project verified newly discovered zones
of gold mineralization at Southeast Pediment, expanded mineralization
at Silica Ridge and North Hill and confirmed newly discovered
high-grade gold mineralization at Abel Knoll

- Phase Two of the drilling at Sandman also reported a high-grade
intercept at North Hill and advanced Abel Knoll to a deposit with
further upside potential

- Defined an open-ended zone of shallow, oxidized gold
mineralization with high grade intercepts from a two-phase drilling
program at the Long Canyon project

- Drilling at the Northumberland project carried out by its joint
venture partner, Newmont USA Limited ("Newmont"), a subsidiary of
Newmont Mining Corporation (NYSE:NEM), encountered impressive grades
and thicknesses in step-outs from mineralization in a feeder system
previously discovered.

- Completing a NI 43-101 compliant resource at Sandman during 2007

"Fiscal 2006 was a breakout year for NewWest, marked by the
significant progress we made on our projects with active drilling
programs," said Steve Alfers, President and Chief Executive Officer.
"Results from our Sandman project, which include a new high-grade
gold mineralization discovery at Abel Knoll and a multi-ounce
intercept at Southeast Pediment, are particularly encouraging. We are
currently in the process of completing a NI 43-101 compliant resource
at Sandman which is expected to be complete during 2007." NewWest is
focused on exploring and developing its robust pipeline of 19 gold
properties on the Nevada gold trends, including the Carlin and Cortez
trends. NewWest's goal is to become a producing gold company by
advancing its projects along the pipeline and into production.

Sandman Project Update

During the fourth quarter of 2006 and the first quarter of 2007,
NewWest reported results from its 2006 drilling program at the
Sandman Project (Sandman), an advanced exploration project with drill
delineated gold mineralization. In total, the drilling program
included 170 holes with total footage exceeding 60,000 feet. The
twofold purpose of Phase One of the program was to expand and test
shallow and deep targets at the known mineralized zones of Southeast
Pediment, Silica Ridge and North Hill and test three district targets
at Abel Knoll, Windmill and Sandbowl. The Phase Two program was
designed to advance the Southeast Pediment, Silica Ridge, North Hill
and Abel Knoll deposits at the Sandman project. At a total cost of
approximately US$2 million, the 2006 drilling program resulted in the
verification of newly discovered zones of mineralization at Southeast
Pediment, with excellent grades and thicknesses; expanded
mineralization at Silica Ridge and North Hill, both laterally and at
depth; and discovered and advanced new high-grade gold mineralization
at Abel Knoll. The 2006 program advanced the Sandman project to four
deposits with further upside potential. The Company is currently in
the process of preparing a NI 43-101 compliant resource at Sandman.

Northumberland Project Update

In the fourth quarter of 2006 and the first quarter of 2007,
NewWest reported results from the 2006 drilling program at the
Northumberland Project (Northumberland) carried out by its joint
venture partner, Newmont. The two-phase exploration drilling program
included 54 holes with total footage of 55,357 feet. Northumberland
is NewWest's flagship and most advanced project and is subject to a
joint venture with Newmont. At a total cost of approximately US$3
million, the 2006 program drilled numerous targets within Newmont's
conceptual open pit as well as underground targets within the
Southwest Zanzibar target area. In addition, early-stage targets were
drilled outside of the resource area, on the eastern and western
range front within the Northumberland Project area. The 2006 drilling
encountered impressive grades and thicknesses in step-outs from
mineralization in a feeder system previously discovered in Hole NN-5.
Although the feasibility has not yet been assessed, it suggests that
this portion of the Zanzibar deposit may be exploitable by either
open-pit or underground mining methods. Drill results from other
areas of the deposit complex confirm, and in some cases enhance, the
NewWest resource model. Based on these results, NewWest and Newmont
are considering a 2007 follow-up drilling program at Northumberland.

Long Canyon Project Update

NewWest completed a two-phase 2006 drilling program at Long Canyon
consisting of 25 holes totalling 10,405 feet. Construction of nearly
a mile of new access roads, and systematic geologic mapping and
sampling was also completed. Systematic rock-chip channel sampling
and detailed geologic mapping of the new road cut exposures were also
completed, representing a critical element in the interpretation of
the geology and the controls on gold mineralization. The 2006 program
successfully extended the known mineralization approximately 500 feet
to the northeast and 1,200 feet to the southwest, defining a current
cumulative strike length of approximately 3,000 feet. The target as
defined by the soil and rock chip sampling remains open to the
southwest for approximately 1,800 feet. Gold mineralization remains
open in all directions and at depth. Hole LC-018 contains the highest
grade intercept to date at Long Canyon, with 45 feet averaging 0.585
oz Au/ton.

2006 Financial Overview

The loss for the year ended December 31, 2006 was US$7.6 million
or US$0.14 per share, compared to US$6.4 million or US$0.13 per share
for 2005. The increase in losses during the year was primarily due to
higher exploration costs associated with NewWest's drilling programs
during the year. Total expenses for the year ended December 31, 2006
were US$8.1 million compared to US$4.8 million for 2005. NewWest's
total assets at December 31, 2006 were US$27.5 million compared to
total assets at December 31, 2005 of US$15.7 million. NewWest had
working capital of approximately US$10.5 million at December 31,
2006. The loss for the three months ended December 31, 2006 was
US$2.2 million or $0.04 per share, compared to US$1.8 million or
US$0.04 per share for the same period in 2005. The complete
consolidated financial statements for December 31, 2006 and related
notes, as well as management's discussion and analysis, are available
on NewWest's website at www.newwestgold.com or on SEDAR at
www.sedar.com. The financial statements and management's discussion
and analysis will also be available in NewWest's 2006 annual report.

Conference Call and Webcast

Management will host a conference call at 10 a.m. ET on Thursday,
March 29, 2007 to discuss results for the fourth quarter and year
ended December 31, 2006. The call can be accessed by dialling
+1-416-644-3414 or +1-800-732-0232. A replay of the call will be
available until midnight on April 12, 2007. It can be accessed by
dialing 1-877-289-8525 or +1-416-640-1917 and entering the passcode
21220902 followed by the number sign. The webcast can be accessed at
NewWest's web site at www.newwestgold.com.

Qualified Person

James Ashton, P.E., Reno, Nevada, is NewWest's qualified person as
defined by NI43-101 and has reviewed and approved the technical data
in this news release.

About NewWest Gold Corporation

NewWest is one of the largest holders of precious metals mineral
rights in Nevada's gold trends, spanning approximately 623,000 acres.
NewWest holds 19 exploration projects, including advanced staged
projects with measured and indicated resources. NewWest's goal is to
advance its projects along the pipeline into production.

Forward-Looking Statements This news release includes certain
"forward-looking statements" within the meaning of Canadian
securities laws. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed in such forward-looking statements. Forward-looking
statements in this news release, include but are not limited to,
economic performance, statements regarding potential mineralization
and reserve exploration, and future plans and objectives of NewWest
Gold Corporation including future exploration and development. Any
number of important factors could cause actual results to differ
materially from these forward-looking statements, including those set
out in the Company's prospectus dated August 18, 2006, as well as
future results. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these statements,
which only apply as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed
timeframes or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.

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

Contact:
For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: +1-303-425-7042, Fax:
+1-303-425-6634, newwest@newwestgold.com


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