Exhibit 99.1
New Gold Provides Update on the Impact of Heavy
Rains in British Columbia at the New Afton Mine
TORONTO, Nov. 19, 2021 /CNW/ - New Gold Inc.
("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) provides an update on the impact of the heavy
rains, flooding and mudslides experienced in British Columbia, which have disrupted the transportation routes to the Company's New Afton
Mine.
To date, the flooding in British Columbia has had
no material impact on New Afton's infrastructure and operations. We will continue to monitor the situation closely and assess the impact
of these events on New Afton and the implementation of mitigation measures. Any potential impact to production, sales, or costs at the
New Afton Mine will depend on the duration of the disruption to the transportation routes.
Our priority remains the health, safety, and wellbeing
of our employees, contractors and communities.
About New Gold
New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the Rainy River
gold mine and the New Afton copper-gold mine. The Company also holds an 8% gold stream on the Artemis Gold Blackwater project located
in Canada, a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. New Gold's vision is to build a leading diversified
intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on the Company,
visit www.newgold.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release, including any information relating to New Gold's future financial or operating
performance are "forward-looking". All statements in this news release, other than statements of historical fact, which address
events, results, outcomes or developments that New Gold expects to occur are "forward-looking statements". Forward-looking statements
are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such
as "plans", "expects", "is expected", "budget", "scheduled", "targeted", "estimates",
"forecasts", "intends", "anticipates", "projects", "potential", "believes"
or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation
of such terms. Forward-looking statements in this news release include, among others, statements with respect to: the potential impact
on production, sales, or costs at the New Afton Mine and the Company's plan to monitor the situation and implementation of mitigation
measures.
All forward-looking statements in this news release
are based on the opinions and estimates of management that, while considered reasonable as at the date of this press release in light
of management's experience and perception of current conditions and expected developments, are inherently subject to important risk factors
and uncertainties, many of which are beyond New Gold's ability to control or predict. Certain material assumptions regarding such forward-looking
statements are discussed in this news release, New Gold's latest annual management's discussion and analysis ("MD&A"), its
most recent annual information form and technical reports on the New Afton Mine filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this news release
are also subject to the following assumptions: (1) there being no significant disruptions affecting New Gold's operations other than as
set out herein; (2) political and legal developments in jurisdictions where New Gold operates being consistent with New Gold's current
expectations; (3) prices for diesel, natural gas, fuel oil, electricity and other key supplies being approximately consistent with current
levels; (4) equipment, labour and materials costs increasing on a basis consistent with New Gold's current expectations; (5) arrangements
with First Nations and other Aboriginal groups in respect of the New Afton Mine being consistent with New Gold's current expectations;
(6) all required permits, licenses and authorizations being obtained from the relevant governments and other relevant stakeholders within
the expected timelines; (7) there being no significant disruptions to the Company's workforce at either the New Afton Mine due to cases
of COVID-19 or any required self-isolation requirements (due, among other things, to cross-border travel to the United States or any other
country); (8) the responses of the relevant governments to the COVID-19 outbreak being sufficient to contain the impact of the COVID-19
outbreak; (9) there being no material disruption to the Company's supply chains and workforce that would interfere with the Company's
anticipated course of action at the New Afton Mine; and (10) the long-term economic effects of the COVID-19 outbreak not having a material
adverse impact on the Company's operations or liquidity position.
Forward-looking statements are necessarily based on
estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual
results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking
statements. Such factors include, without limitation: significant capital requirements and the availability and management of capital
resources; additional funding requirements; price volatility in the spot and forward markets for metals and other commodities; fluctuations
in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and, to a lesser extent,
Mexico; volatility in the market price of the Company's securities; hedging and investment related risks; dependence on the Rainy River
Mine and New Afton Mine; discrepancies between actual and estimated production, between actual and estimated mineral reserves and mineral
resources and between actual and estimated metallurgical recoveries; risks related to early production at the Rainy River Mine, including
failure of equipment, machinery, the process circuit or other processes to perform as designed or intended; risks related to construction,
including changing costs and timelines; adequate infrastructure; fluctuation in treatment and refining charges; changes in national and
local government legislation in Canada, the United States and, to a lesser extent, Mexico or any other country in which New Gold currently
or may in the future carry on business; global economic and financial conditions; risks relating to New Gold's debt and liquidity; the
adequacy of internal and disclosure controls; taxation; impairment; conflicts of interest; risks relating to climate change; controls,
regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature
of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary
licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates; the lack of certainty
with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that
are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party
to; risks relating to proposed acquisitions and the integration thereof; information systems security threats; diminishing quantities
or grades of mineral reserves and mineral resources; competition; loss of, or inability to attract, key employees; rising costs of labour,
supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic
studies; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims
or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights
of Indigenous groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits
and authorizations and complying with permitting requirements; disruptions to the Company's workforce at either the Rainy River Mine or
the New Afton Mine, or both, due to cases of COVID-19 or any required self-isolation (due to cross-border travel, exposure to a case of
COVID-19 or otherwise); the responses of the relevant governments to the COVID-19 outbreak not being sufficient to contain the impact
of the COVID-19 outbreak; disruptions to the Company's supply chain and workforce due to the COVID-19 outbreak; an economic recession
or downturn as a result of the COVID-19 outbreak that materially adversely affects the Company's operations or liquidity position; there
being further shutdowns at the Rainy River or New Afton Mines; the Company not being able to complete its construction projects at the
Rainy River Mine or the New Afton Mines on the anticipated timeline or at all; and the Company not being able to complete the exploration
drilling program to be launched at the Rainy River Mine and Cherry Creek on the anticipated timeline or at all. In addition, there are
risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards,
industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate
insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's most recent
annual information form, MD&A and other disclosure documents filed on and available on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov. Forward looking statements are not guarantees of future performance, and actual results and future events could materially
differ from those anticipated in such statements. All forward-looking statements contained in this news release are qualified by these
cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether
as a result of new information, events or otherwise, except in accordance with applicable securities laws.
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SOURCE New Gold Inc.
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%CIK: 0000800166
For further information: Ankit Shah, Vice President, Strategy &
Business Development, Direct: +1 (416) 324-6027, Email: ankit.shah@newgold.com; Brandon Throop, Director, Investor Relations, Direct:
+1 (647) 264-5027, Email: brandon.throop@newgold.com
CO: New Gold Inc.
CNW 07:00e 19-NOV-21