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Tuesday, August 08, 2006

WellPoint Signs 2 new mining clients in July

CALGARY, Alberta, - WellPoint Systems Inc. (“WellPoint”) (TSX -V:WPS), the premier supplier of innovative software solutions to the energy sector, is pleased to announce the addition of two new major clients to its roster of mining clientele, Mercator Minerals Ltd. a TSX listed company (“Mercator”) (TSX:ML) and New Gold Inc. (“New Gold”) (TSX/AMEX:NGD). The companies have signed contracts with WellPoint totaling well over $500,000 with for the implementation, maintenance and support of its comprehensive financial management solution.

WellPoint’s in-depth knowledge of the unique requirements of the mining industry has been resonating extremely well across the mining industry over the past twenty-four months and many companies like Mercator and New Gold have discovered that WellPoint’s Microsoft-based software solution is a scalable, cost-effective solution that is a perfect fit for their needs.

“Right out of the gate, mining companies are extremely impressed with the fit and functionality of the software solution that we can provide for them,” says Tom Mawhinney, President of WellPoint Systems. “Once we are able to introduce them to our very impressive list of satisfied mining customers, their confidence in our solution absolutely soars.”

About Mercator Minerals Ltd.
Mercator Minerals Ltd. (TSX: ML) is a copper producer that owns and operates the Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator’s wholly owned subsidiary, Mineral Park, Inc, has demonstrated significantly increasing levels of copper production since Mercator purchased the property from Equatorial Mining Ltd in June 2003. Mercator is currently developing a feasibility study targeting expansion of Mineral Park into a major copper – molybdenum producer.

About New Gold Inc.
New Gold Inc. is a natural resource exploration and development company which has been engaged in the acquisition, exploration and development of natural resource properties. Over the past seven years, the Company’s principal focus has been on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia (the “Afton Project”).

The Company retained an engineering team in December, 2005 to prepare a feasibility study on the Afton Project which, when complete, will form the basis of a decision whether to proceed with construction. It is anticipated that the feasibility study will be completed in the Fourth Quarter of 2006.



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