New Carolin Gold Corp. (TSX - V: LAD) announces receipt of approval from the British Columbia Ministry of Environment to discharge tailings reclamation test plant effluent from the former Carolin Mine tailings storage facility, subject to regulatory monitoring requirements. The test plant effluent will be discharged back to the tailings storage facility.

This approval allows New Carolin Gold to conduct field scale sampling of the tailings in order to collect material for ongoing metallurgical test work to complete the gold in tailings process flow sheet. This will allow the tailings "gold reclaim" mine plan to be finalized and for the company to advance to the processing stage. A Preliminary Economic Assessment was the subject of a press release dated March 14, 2012.

The Company regards this approval as a major step towards granting of the waste discharge effluent permit that will be required for the proposed tailings mining and future re-activation of the Carolin Mine. The original effluent permit was cancelled when the mine ceased operations in 1984. Some of the regulatory monitoring requirements have been implemented since 2009 and additional requirements will be completed in Q3. The tailings storage facility has been inspected on an annual basis by independent consultants and is in excellent condition.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior mineral exploration and development company engaged in the acquisition, exploration, evaluation and development of 144 sq kms of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southwestern British Columbia. The Gold Belt is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.

For further Company and technical information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Bruce W. Downing"

Bruce W. Downing, M.Sc., P.Geo., Hon.FEC

President & Chief Executive Officer

Phone 778 - 294 - 3211 (toll free 1 - 855 - 294 -1411)

Email ceo@newcarolingold.com

Website www.newcarolingold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.

Not for distribution in the United States.

Caution concerning forward-looking information

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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