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NewWest Gold Corporation

NewWest Gold Corporation Obtains Shareholder Approval for Arrangement With Fronteer Development Group

Lakewood, Colorado (ots/PRNewswire)

Fronteer Development Group
Inc. (TSX and AMEX - FRG)("Fronteer") and NewWest Gold Corporation
(TSX - NWG)("NewWest") announced today that at a special meeting held
in Toronto on September 13, 2007, shareholders and optionholders of
NewWest voted 100% in favour of the acquisition by Fronteer of all of
the issued and outstanding shares of  NewWest through a
court-approved plan of arrangement. Pursuant to the  arrangement,
each NewWest common share will be exchanged for 0.26 of a  Fronteer
common share. In addition, all of the outstanding options of  NewWest
will be exchanged for replacement options of Fronteer and will be
exercisable to acquire that number of common shares of Fronteer
determined  by reference to the share exchange ratio.
NewWest proposes to seek final approval of the Supreme Court of
British Columbia in respect of the arrangement on September 19, 2007
at 9:45 a.m. (PST). Fronteer and NewWest expect to close the
transaction on September 24, 2007.
Fronteer is an exploration and development company with a track
record of making big discoveries. Fronteer has no debt and holds
approximately a 46.8% interest in Aurora Energy Resources (TSX -
AXU), a leading Canadian uranium company. Fronteer is not invested in
any short term commercial paper or asset-backed securities. The
Company has approximately C$100 million in cash that is fully liquid
and held with a large commercial bank.
NewWest is one of the largest holders of precious metals mineral
rights in Nevada's gold trends, spanning approximately 623,000 acres.
NewWest holds 19 exploration projects, including advanced-stage
projects with measured and indicated resources. NewWest's goal is to
move its projects into production.
This news release includes certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking information.
Forward-looking information in this news release includes but is not
limited to, completion of the arrangement, exposure to exploration
expenditures and metres drilled, and future plans and objectives of
NewWest Gold Corporation and Fronteer Development Group Inc.,
including future exploration and development.
Any number of important factors could cause actual results to
differ materially from these forward-looking statements, including,
among others, risks related to international operations, the
businesses of Fronteer and NewWest not being successfully integrated
or such integration proving more difficult, time consuming or costly
than expected, not realizing on potential benefits of the
combination, the actual results of current exploration activities,
conclusions of economic evaluations and changes in project parameters
as plans continue to be refined as well as future prices of gold and
silver, as well as those factors set out in the each company's Annual
Information Form as of December 31, 2006. Although each company
believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not
be placed on these statements,  which only apply as of the date of
this news release, and no assurance can  be given that such events
will occur in the disclosed timeframes or at all. Accordingly,
readers should not place undue reliance on forward-looking
statements. Both companies disclaim any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
Fronteer :
NewWest :


For further information: on Fronteer contact: Mark O'Dea, President
and CEO, Glen Edwards, Media Relations, PH +1-604-632-4677 or Toll
Free 1-877-632-4677,; For further information
on NewWest visit or contact: NewWest Gold Corporation, Stephen
Alfers, President and Chief Executive Officer, PH +1-303-425-7042

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    NewWest Gold Corporation Reports Second Quarter Operating and Financial Results

    Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation (TSX:NWG) ("NewWest"), one of the largest holders of precious metals mineral rights projects in Nevada's established gold trends, today announced its results for the second quarter ended June 30, 2007. Second Quarter Summary - NewWest received its first National Instrument 43-101(NI 43-101) ...

  • 27.07.2007 – 22:49

    Fronteer Development Group Inc. and NewWest Gold Corporation Enter Into Arrangement Agreement

    Lakewood, Canada (ots/PRNewswire) - Fronteer Development Group (TSX and AMEX - FRG)("Fronteer") and NewWest Gold Corporation (TSX - NWG)("NewWest") announced today that NewWest and Fronteer have entered into an arrangement agreement pursuant to which Fronteer will acquire 100% of the common shares of NewWest through a court-approved plan of arrangement (the ...