New Carolin Gold Reports on Newly Discovered Gold Zone on the Ladner Gold Property


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TSX.V:LAD
08/26/2013 [ACCESSWIRE]

New Carolin Gold Corp. (TSX - V: LAD) is pleased to report results on a newly discovered carbonate alteration zone at its Ladner Gold Property near Hope in southwestern British Columbia.

Recent prospecting this year of a new alteration and mineralized zone located approximately 1200 metres northwest from the Idaho Zone on the access road to the McMaster Zone and approximately 450 metres west of the Montana Zone (see press release dated December 15, 2011) confirmed the mineralization intersected in drill holes BE-01 to BE-03. These holes were drilled to test a carbonate alteration zone in outcrop which had previously not been sampled.

Hole BE-01 returned 8.62 metres grading 1.40 g/t gold which includes a 2.44 metre interval grading 3.12 g/t gold. Hole BE-02 returned 5.79 metres grading 0.25 g/t gold. Hole BE-03 returned insignificant values as it did not intersect the mineralization because it was drilled below the mineralized zone. It is important to note that the top six metres of drill holes BE-01 and 02 were cased and no core was retrieved from the mineralized zone.

This new gold zone opens up a whole new area that may be contiguous with the gold mineralization intersected in the Idaho Zone (see press release dated August 15, 2013). This new gold zone will need additional follow-up drilling.

Calculated weighted averages of gold grades for hole BE 01 and 02 are presented in the following table. The true widths of these intersections are not known.


 ------------------------------------------------------------
 |     |       |   |      |      |            |        |    |
 |----------------------------------------------------------|
 |     |       |   |      |      |INTERSECTION|        |    |
 |----------------------------------------------------------|
 |Hole |Azimuth|Dip|Length|From  |To          |Interval|Gold|
 |----------------------------------------------------------|
 |     |       |   |metres|metres|metres      |metres  |g/t |
 |----------------------------------------------------------|
 |     |       |   |      |      |            |        |    |
 |----------------------------------------------------------|
 |BE 01|360    |-45|78.6  |6.10  |14.63       |8.53    |1.40|
 |----------------------------------------------------------|
 |     |       |   |      |      |            |        |    |
 |----------------------------------------------------------|
 |BE 02|360    |-75|76.5  |6.10  |11.89       |5.79    |0.25|
 |----------------------------------------------------------|
 |     |       |   |      |      |            |        |    |
 ------------------------------------------------------------

The technical content of this press release has been reviewed and approved by the Company's President and CEO, Bruce W. Downing, as the Qualified Person.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior mineral exploration and development company engaged in the acquisition, exploration, evaluation and development of 144 sq kms of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southwestern British Columbia, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.

For further information please visit the website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Bruce W. Downing"

Bruce W. Downing, M.Sc., P.Geo, Hon.FEC

President & Chief Executive Officer

Office (855) 294-1411 or (778) 294-3211

Email ceo@newcarolingold.com

Web site www.newcarolingold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.

Not for distribution in the United States.

Caution concerning forward-looking information

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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