Attached please find a press release on: New Gold Inc. ("New Gold") (TSX and NYSE Alternext - NGD) and Western Goldfields Inc. ("Western Goldfields") (TSX - WGI and NYSE Alternext - WGW) announced that they had entered into a definitive agreement under which New Gold would acquire by way of a plan of arrangement all of the outstanding common shares of Western Goldfields in exchange for one New Gold common share and CDN$0.0001 in cash.