BOCA RATON, Fla., Sept. 18, 2008 (GLOBE NEWSWIRE) -- New Asia Gold Corp. (Pink Sheets:NWAG) welcomes the rush to gold as investors seek a safe haven from the current financial turmoil. Based on independent assessment reports of its gold properties as of July 2008, the company reiterates that it currently has an estimated 330,000 ounces of proven gold reserves with a projected value of $219 million after recovery costs, based on a average price per ounce of $850. There remains significant potential to substantially increase these reserves through a shallow infill drilling program. The independent assessment report suggests that an additional 500,000 ounces of gold could be delineated in the main prospect area.
New Asia Gold Corp. trades in the United States on the NQB Pink Sheets under the symbol "NWAG". For further information, please contact Nancy Goldman at (516) 962 4139 or at www.newasiagold.com.
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.