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Gold Anomaly Begins Drilling at Crater Mountain Project in Papua New Guinea

Dec 21 2010

Gold Anomaly Ltd, an Australian Securities Exchange listed company, the operator of the Crater Mountain Joint Venture, announced on December 13, 2010 that drilling had commenced at its Crater Mountain Gold project in Papua New Guinea.

Maurice Gannon, President and Acting CEO of New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) commented:

"NGG announced on November 16, 2010 that that it had signed a Letter of Intent whereby Gold Anomaly Limited (GOA) would acquire NGG's 10% free carried interest (to Bankable Feasibility) in the Crater Mountain Gold Project in Papua New Guinea in exchange for 31,250,000 GOA shares. The conversion of NGG's interest in the Crater Mountain project to equity in GOA has widened NGG's interests to GOA's broader portfolio of projects and I believe it is in the interests of NGG shareholders to keep them informed of progress on GOA's projects".

Source:

Gold Anomaly Ltd

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