"An investment in knowledge pays the best interest."

New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD and OTCBB: LADFF) is pleased to announce the formation of a new advisory board and formally welcomes the following individuals, who have joined our team to support management in advancing the Ladner Gold Project.

Ray Mullaney, M.SW. – Institutional Advisor

Ray Mullaney is best known as the founder and driving force behind Boston Mining www.BostonMining.com, a company that has assisted numerous VSE and TSX.V companies over the past 30 years with research coverage, financial consulting and institutional visibility in the US and elsewhere. Ray was a board member of 8 publicly listed miningcompanies during this time. Ray is an accomplished analyst and writer who has been published in various newspapers including the NY Times. He is also a regular speaker with numerous TV and radio show credits over the years. More details on Ray can be found at: This email address is being protected from spambots. You need JavaScript enabled to view it..

Ed Beswick B.Sc. P. Eng – Environmental Manager and Consultant

Ed Beswick is a registered professional mining engineer whose experience includes management of field operations and exploration projects and developing and leading environmental and safety programs for mining projects. Ed was the former north central BC Regional Ministry of Mines Manager based in Prince George and former Inspector of Mines and Resident Engineer in southern British Columbia for the MEM. Most recently Ed was Director of Environment and Permitting for Hillsborough Resources Limited in Vancouver and worked with Hard Creek Nickel Corporation managing environmental, safety and First Nations programs. Ed continues as an advisor for several coal, base metal and precious metal exploration companies with operations in Canada. He was a founding director of the British Columbia Aboriginal Mine Training Association and is a former district Vice President of the Canadian Institute of Mining and Metallurgy.

D. Bruce Letvak, B.Sc., M.Sc. P. Eng – Hydrology Consultant

Bruce Letvak is a licensed professional engineer with over 35 years of experience in resource management centered on water quantity (hydrology). This included monitoring program planning and management, operations standards, hydrology studies, and major project reviews. Reviews of proposed major mine developments covered all aspects connected with water quantity, water supply, operations water budgeting, discharge of surplus water, tailings impoundment water management, environmental considerations, etc. His work included liaison with all levels of government and the private sector.

Doug Warkentin, B.Sc., P. Eng – Metallurgical and Process Development Consultant

Doug Warkentin is a Metallurgist with over 25 years of experience in the mining industry. He graduated from UBC with a degree in Mining and Mineral Process Engineering, and has been a member of the Association of Professional Engineers and Geoscientists of BC since 1992. He is an author of numerous technical papers and has patents for mine water treatment and process technologies. He has been a principal in several companies providing process development services and environmental technologies to the mining industry. He is currently Senior Metallurgist for Kemetco Research Inc. in Vancouver (formerly BC Research Inc.) and a former director of Duncastle Gold Corp.

J. Graham Eacott, B.Sc., M.Sc., Consultant

Graham Eacott is the past chairman of New Carolin Gold Corp. and a former director of the Company since 2007. Graham brings a perspective to the Company that has been built on a solid foundation of over 40 years of diversified international experience in the mining and financial industries. This includes company management and business development, private placement financings, financial analysis, investor relations, corporate governance and compliance, and consulting engineering. Prior to retiring in 2007, Mr. Eacott was Vice President of Investor Relations for Century Mining Corporation, Tamerlane Ventures Inc., and Royal Oak Mines Inc. Mr. Eacott spent four years in the investment industry as a highly ranked base metals analyst with Scotia Capital, Merrill Lynch and Maisson Placements in Toronto and is a graduate of the Canadian Securities Course.

Drago Adam – Media and Marketing Consultant

After a professional hockey career with the New York Rangers, Drago Adam founded his own marketing company, The Adam Ad Group, www.AdamAdGroup.com. Over the past 20 years Drago has been involved in all aspects of The Adam Ad Group’s clients marketing plans, which include, planning, media buying, creative, video and web production, search engine optimization and marketing, and Google pay per click campaigns. Drago has also created an online newsletter called The Monday Morning Motivator which has a growing base of over 148,000 subscribers. To view newsletter archive visit http://adamadgroup.com/newsletter-archive/.

The Company also announces that subject to the approval of the TSX Venture Exchange, the Company is granting a total of 1,200,000 stock options to certain of its advisors and consultants, and 500,000 of which will be granted to a new director of the Company. The options are exercisable into common shares at a price of $0.11 per share. New Carolin Gold’s common shares closed at $0.11 on the TSX Venture Exchange on June 14, 2016.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based brown fields development company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the “Ladner Gold Project” (Project). The Project and property are located 2 hours from Vancouver near Hope, British Columbia in the prospective and under-explored Coquihalla Gold Belt. The property hosts several historic gold producers including the Carolin Mine, Emancipation Mine, Arum Mine, Ward Mine, and Pipestem Mine, in addition to numerous artisan workings and gold prospects that typically exploit high grade visible gold mineralization.

For additional information, please visit the Company’s website at www.newcarolingold.com.