Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

TORONTO, June 30 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

    
    -   The shareholders of Metallica Resources Inc. (TSX: MR.TO), New Gold Inc.
        (TSX: NGD.TO) and Peak Gold Ltd. (TSXVN: PIK) have approved the business
        combination of the three companies. In the S&P/TSX Global Gold and
        Global Mining indices, shareholders of Metallica Resources will
        receive 0.9 shares of New Gold for each share. The GICS (Global
        Industry Classification Standard) code for New Gold will change from
        15104020 - Diversified Metals & Mining - to 15104030 - Gold -
        effective with the transaction which will take place after the close
        on Friday, July 4, 2008. In the S&P/TSX SmallCap and Equity SmallCap
        indices, the index shares of New Gold will increase by the shares
        issued for Metallica.
    

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.

Contacts

Tony North
Tel. (416) 507-3200
sp_index@standardandpoors.com

Dave Guarino
(212) 438-1471
dave_guarino@standardandpoors.com