BOCA RATON, Fla., July 28, 2008 (PRIME NEWSWIRE) -- New Asia Gold Corp. (Pink Sheets:NWAG) is pleased to announce that in addition to its existing proven reserves of 330,000 oz of gold on its project that have already been drill defined and independently verified, that there is a further 170,000 oz of gold that can be delineated in the main prospect at very little risk which would increase the value of the project to $335 million U.S. after mining costs. This value is based on an average price per oz of gold at $850 per oz. Assessment of all the leases will continue on an ongoing basis.
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 (561) 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.