Shareholders of Metallica Resources, New Gold and Peak Gold Approve US$1.6 Billion Business Combination

Jun 18, 2008, 01:00 ET from Peak Gold Ltd.

    VANCOUVER, June 18 /PRNewswire-FirstCall/ - Metallica Resources Inc.
 ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New
 Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK)
 are pleased to announce that their respective shareholders have approved
 the business combination of the three companies at meetings held on June
 17, 2008 in Vancouver (in the case of New Gold and Peak Gold) and in
 Toronto (in the case of Metallica Resources). In excess of 99% of the votes
 cast at each of the meetings were in favour of the business combination.
 
     The completion of the transaction remains subject to Court approval. If
 Court approval is obtained, Metallica Resources, New Gold and Peak Gold
 anticipate that the transaction will close on or about June 30, 2008.
 
 
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Rhonda Bennetto, Director Investor Relations and Corporate Communications, Metallica Resources Inc., Direct: (303) 640-3292, Toll-free: 1-888-933-0313 x5, Email: rmbennetto@metal-res.com, Website: www.metal-res.com; Laura Sandilands, Manager of Investor Relations, New Gold Inc., Direct: (416) 977-1067, Toll-free: 1-877-977-1067, Email: lsandilands@newgoldinc.com, Website: www.newgoldinc.com; Melanie Hennessey, Vice President Investor Relations, Peak Gold Ltd., Direct: (604) 696-3024, Toll-free: 1-888-220-2760, Email: info@peakgold.com, Website: www.peakgold.com

SOURCE Peak Gold Ltd.
    VANCOUVER, June 18 /PRNewswire-FirstCall/ - Metallica Resources Inc.
 ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New
 Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK)
 are pleased to announce that their respective shareholders have approved
 the business combination of the three companies at meetings held on June
 17, 2008 in Vancouver (in the case of New Gold and Peak Gold) and in
 Toronto (in the case of Metallica Resources). In excess of 99% of the votes
 cast at each of the meetings were in favour of the business combination.
 
     The completion of the transaction remains subject to Court approval. If
 Court approval is obtained, Metallica Resources, New Gold and Peak Gold
 anticipate that the transaction will close on or about June 30, 2008.
 
 
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Rhonda Bennetto, Director Investor Relations and Corporate Communications, Metallica Resources Inc., Direct: (303) 640-3292, Toll-free: 1-888-933-0313 x5, Email: rmbennetto@metal-res.com, Website: www.metal-res.com; Laura Sandilands, Manager of Investor Relations, New Gold Inc., Direct: (416) 977-1067, Toll-free: 1-877-977-1067, Email: lsandilands@newgoldinc.com, Website: www.newgoldinc.com; Melanie Hennessey, Vice President Investor Relations, Peak Gold Ltd., Direct: (604) 696-3024, Toll-free: 1-888-220-2760, Email: info@peakgold.com, Website: www.peakgold.com SOURCE Peak Gold Ltd.