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

Share Name	Share Symbol	Market	Type
Metallica Resources,	AMEX:MRB	AMEX	Ordinary Share

Share Name

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Metallica Resources,

AMEX:MRB

AMEX

Ordinary Share

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

18/06/2008 2:00pm

PR Newswire (US)

Metallica (AMEX:MRB)
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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: , Website: http://www.metal-res.com/; Laura Sandilands, Manager of Investor Relations, New Gold Inc., Direct: (416) 977-1067, Toll-free: 1-877-977-1067, Email: , Website: http://www.newgoldinc.com/; Melanie Hennessey, Vice President Investor Relations, Peak Gold Ltd., Direct: (604) 696-3024, Toll-free: 1-888-220-2760, Email: , Website: http://www.peakgold.com/ DATASOURCE: Peak Gold Ltd. CONTACT: Rhonda Bennetto, Director Investor Relations and Corporate Communications, Metallica Resources Inc., Direct: (303) 640-3292, Toll-free: 1-888-933-0313 x5, Email: , Website: http://www.metal-res.com/; Laura Sandilands, Manager of Investor Relations, New Gold Inc., Direct: (416) 977-1067, Toll-free: 1-877-977-1067, Email: , Website: http://www.newgoldinc.com/; Melanie Hennessey, Vice President Investor Relations, Peak Gold Ltd., Direct: (604) 696-3024, Toll-free: 1-888-220-2760, Email: , Website: http://www.peakgold.com/

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