New Gold Announces 14.9% Investment in Harte Gold

March 19, 2021-- New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) announced today that it has agreed to purchase 154,940,153 common shares of Harte Gold Corp. (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) (“Harte Gold”) pursuant to a private placement at a price of $0.16 per share for total consideration of approximately $24.8 million (the “Private Placement”) providing New Gold with a 14.9% strategic interest in Harte Gold’s pro forma issued and outstanding common shares. Closing of the transaction is expected to occur on or about March 24, 2021 and is subject to certain conditions.