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     <TITLE>New Gold Inc: Form S-8 - Prepared by TNT Filings Inc.</TITLE>
  
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      <p align="center"><B><font size="2">As filed with
        the Securities and Exchange Commission on July 9, 2009</font></B></td>
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      <p align="right"><font size="2">&nbsp;</font><B><font size="2">File No. 333-
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      <p align="center"><b><font size="5">UNITED STATES</font></b>&nbsp; </TD>
      </TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B><FONT size=5>SECURITIES AND EXCHANGE
        COMMISSION </FONT></B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>WASHINGTON, D.C. 20549 </B></TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="50%">&nbsp; </TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B><FONT size=5>FORM S-8&nbsp;
  </FONT></B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>REGISTRATION STATEMENT </B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>UNDER THE SECURITIES ACT OF 1933 </B></TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="50%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="50%">&nbsp; </TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B><FONT size=6>NEW GOLD INC. </FONT></B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2>(Exact name of registrant as specified in its
        charter) </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="50%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="50%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD align=center><B>British Columbia, Canada </B></TD>
      <TD align=center width="50%"><B>98-0620225 </B></TD></TR>
    <TR vAlign=top>
      <TD align=center>(State or other jurisdiction of Incorporation or </TD>
      <TD align=center width="50%">(I.R.S. Employer Identification No.) </TD></TR>
    <TR vAlign=top>
      <TD align=center>organization) </TD>
      <TD align=left width="50%">&nbsp; </TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>Park Place, 3110-666 Burrard St. </B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>Vancouver, British Columbia </B></TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2><B>V6C 2X8</B>&nbsp; </TD></TR>
    <TR vAlign=bottom>
      <TD align=center colSpan=2>(Address of principal executive offices)(zip
        code) </TD></TR></TABLE>
  <P align=center><B>New Gold Inc. Stock Option Plan (2005) (as amended on May 3,
  2007) <BR>Metallica Resources Inc. Stock Option Plan, Amended and Restated as of
  May 23, 2006 <BR>2006 Stock Incentive Plan of Western Goldfields, Inc.
  <BR></B><B>Form of Option to Purchase Common Stock of Western Goldfields, Inc.
  <BR>Non-Qualified Stock Option Contract between Western Goldfields, Inc. and
  Karen Dietrich </B></P>
  <P align=center>(Full titles of the plans)<B> </B></P>
  <P align=center><B>DL Services Inc. <BR>1420 5th Avenue, Suite 3400 <BR>Seattle,
  WA 98101<BR></B>(Name and address of agent for service)<B> </B></P>
  <P align=center><B>(206) 903-2373 <BR></B>(Telephone number, including area
  code, of agent for service)<B> </B></P>
  <P align=center><I>Copies to:</I><B> <BR>Christopher Doerksen <BR>Dorsey &amp;
  Whitney LLP <BR></B><B>1420 5</B><B><SUP>th</SUP></B><B> Avenue, Suite 3400
  <BR>Seattle, Washington 98101 </B></P>
  <P align=justify><B>Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
  reporting company. See the definitions of &#147;large accelerated filer,&#148;
  &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the
  Exchange Act. </B></P>
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  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left>Large accelerated filer <font face="Wingdings">o</font></TD>
      <TD align=left width="50%">Accelerated filer <font face="Wingdings">x</font></TD></TR>
    <TR vAlign=top>
      <TD align=left>Non-accelerated filer <font face="Wingdings">o </font>(Do not check if a smaller reporting
        company) </TD>
      <TD align=left width="50%">Smaller reporting company <font face="Wingdings">
      o</font></TD></TR></TABLE><BR>
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  <P align=center><B>CALCULATION OF REGISTRATION FEE </B></P>
  <DIV>
  <TABLE
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  borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>
  
    <TR vAlign=top>
      <TD align=center ><B>Title of Each Class of</B>
        <BR><B>Securities to be Registered</B> </TD>
      <TD align=center width="15%"><B>Amount to</B> <B>be Registered</B> </TD>
      <TD align=center width="15%"><B>Proposed Maximum Offering Price</B> <B>Per
        Share</B> </TD>
      <TD align=center width="15%"><B>Proposed Maximum Aggregate</B> <B>Offering
        Price</B> </TD>
      <TD align=center width="15%"><B>Amount of</B> <B>Registration Fee</B>
    </TD></TR>
    <TR vAlign=top>
      <TD align=left bgcolor="#E6EFFF" >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(1)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">484,005 </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">- </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$1,800,194.78<SUP>(7)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$100.45 </TD></TR>
    <TR vAlign=top>
      <TD align=left >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(2)</SUP> </TD>
      <TD align=center width="15%">9,826,200 </TD>
      <TD align=center width="15%">- </TD>
      <TD align=center width="15%">$39,524,186.66<SUP>(7)</SUP> </TD>
      <TD align=center width="15%">$2,205.45 </TD></TR>
    <TR vAlign=top>
      <TD align=left bgcolor="#E6EFFF" >Common Shares, no par value<SUP>(3)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">25,748,503 </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$2.74<SUP>(8)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$70,550,898.22<SUP>(8)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$3,936.74 </TD></TR>
    <TR vAlign=top>
      <TD align=left >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(4)</SUP> </TD>
      <TD align=center width="15%">833,600 </TD>
      <TD align=center width="15%">$2.13<SUP>(9)</SUP> </TD>
      <TD align=center width="15%">$1,775,568 <SUP>(9)</SUP> </TD>
      <TD align=center width="15%">$99.08 </TD></TR>
    <TR vAlign=top>
      <TD align=left bgcolor="#E6EFFF" >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(4)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">2,276,667 </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$1.87<SUP>(7)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$4,257,367.29<SUP>(7)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$237.56 </TD></TR>
    <TR vAlign=top>
      <TD align=left >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(5)</SUP> </TD>
      <TD align=center width="15%">38,450 </TD>
      <TD align=center width="15%">$0.40<SUP>(9)</SUP> </TD>
      <TD align=center width="15%">$15,380<SUP>(9)</SUP> </TD>
      <TD align=center width="15%">$0.86 </TD></TR>
    <TR vAlign=top>
      <TD align=left bgcolor="#E6EFFF" >Common Shares, no par value, issuable
        pursuant to options outstanding<SUP>(6)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">100,000 </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$0.34<SUP>(9)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$34,000<SUP>(9)</SUP> </TD>
      <TD align=center width="15%" bgcolor="#E6EFFF">$1.89 </TD></TR>
    <TR vAlign=top>
      <TD align=left ><B>Total Commons Shares</B> </TD>
      <TD align=center width="15%"><B>39,307,425</B> </TD>
      <TD align=left width="15%">&nbsp; </TD>
      <TD align=left width="15%">&nbsp; </TD>
      <TD align=center width="15%">$6,582.03 </TD></TR></TABLE></DIV><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>
  
    <TR>
      <TD vAlign=top width="5%">(1) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to options
        outstanding under the Metallica Resources Inc. Stock Option Plan, Amended
        and Restated as of May 23, 2006 (the &#147;Metallica Plan&#148;).</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(2) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to options
        outstanding under the New Gold Inc. Stock Option Plan (2005) (as amended
        on May 3, 2007) (the &#147;New Gold Plan&#148;).</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(3) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to the New
        Gold Plan and not subject to outstanding options.</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(4) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to the 2006
        Stock Incentive Plan of Western Goldfields, Inc. (the &#147;Western
      Plan&#148;).</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(5) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to the Form of
        Option to Purchase Common Stock of Western Goldfields, Inc. (&#147;Western
        Option Agreements&#148;).</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(6) </TD>
      <TD>
        <P align=justify>Represents common shares issuable pursuant to
        Non-Qualified Stock Option Contract between Western Goldfields, Inc. and
        Karen Dietrich.</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(7) </TD>
      <TD>
        <P align=justify>Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(h) under the Securities Act
        of 1933, as amended. The maximum aggregate offering price is based upon
        the aggregate exercise price of outstanding options, converted from
        Canadian dollars into U.S. dollars based on the noon buying rate for
        Canadian dollars reported by the Bank of Canada on July 6, 2009 which was
        US$1.00 = Cdn$1.1612.</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(8) </TD>
      <TD>
        <P align=justify>Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(c) and 457(h) under the
        Securities Act of 1933, as amended. The proposed maximum offering price
        per share and the registration fee were calculated in accordance with Rule
        457(c) and (h) based on the average high and low prices for the
        Registrant&#146;s common shares on July 6, 2009, on the NYSE Amex.</P></TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(9) </TD>
      <TD>
        <P align=justify>Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(h) under the Securities Act
        of 1933, as amended. The maximum aggregate offering price is based upon
        the aggregate exercise price of outstanding
  options.</P></TD></TR></TABLE><BR>
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  <P align=center><B><I>EXPLANATORY NOTE</I></B><B> </B></P>
  <P align=justify>On June 30, 2008, New Gold Inc. (the &#147;Registrant&#148;) acquired
  Metallica Resources Inc. pursuant to the completion of a statutory plan of
  arrangement (the &#147;Metallica Arrangement&#148;). Under the terms of the Metallica
  Arrangement, the Registrant issued replacement stock options (the &#147;Metallica
  Options&#148;) for the options outstanding under the Metallica Stock Option Plan (the
  &#147;Metallica Plan&#148;). The Metallica Options are now exercisable for shares of the
  Registrant (&#147;Shares&#148;) but otherwise continue to be subject to the terms and
  conditions of the Metallica Plan. The Registrant files this Form S-8 in order to
  register 484,005 Shares issuable upon the exercise of the Metallica Options.
  </P>
  <P align=justify>One June 1, 2009, the Registrant acquired Western Goldfields
  Inc. (&#147;Western&#148;) pursuant to a statutory plan of arrangement (the &#147;Western
  Arrangement&#148;). Under the terms of the Western Arrangement, the Registrant issued
  replacement stock options (the &#147;Western Options&#148;) for the options outstanding
  under the 2006 Stock Incentive Plan of Western (the &#147;Western Plan&#148;) and stock
  options outstanding under Stock Option Agreements between Western and certain
  individuals (the &#147;Western Option Agreements&#148;). The Western Options are now
  exercisable for Shares but otherwise continue to be subject to the terms and
  conditions of the Western Plan or Western Option Agreements, as applicable. The
  Registrant files this Form S-8 in order to register 3,248,717 Shares issuable
  upon the exercise of the Western Options. </P>
  <P align=justify>The Registrant concurrently registers 9,826,200 Shares issuable
  upon the exercise of stock options outstanding under the New Gold Stock Option
  Plan (the &#147;New Gold Plan&#148;) and 25,748,503 Shares issuable upon the exercise of
  additional stock options that may be granted from time to time under the New
  Gold Plan.</P>
  <P align=center><B>PART II </B></P>
  <P align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </B></P>
  <P align=justify><B>Item 3. Incorporation of Documents by Reference. </B></P>
  <P align=justify>The following documents are incorporated by reference in this
  registration statement: </P>
  <P align=justify style="text-indent: 5%">(a) The Registrant's annual report on Form 40-F filed with the
  Securities and Exchange Commission on April 1, 2009; </P>
  <P align=justify style="text-indent: 5%">(b) The Registrant&#146;s reports on Form 6-K furnished to the
  Commission since December 31, 2008; </P>
  <P align=justify style="text-indent: 5%">(c) The description of the Registrant's securities contained in
  the Registrant's Registration Statement on Form 20-F filed under the Exchange
  Act on June 27, 2003 including any amendment or report filed for the purpose of
  updating such description. </P>
  <P align=justify>All documents subsequently filed by the Registrant pursuant to
  Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
  post-effective amendment that indicate that all securities offered have been
  sold or which deregisters all securities then remaining unsold, shall be deemed
  to be incorporated by reference into this registration statement and to be a
  part hereof from the date of filing of such documents. Any statement contained
  in a document incorporated or deemed to be incorporated by reference herein
  shall be deemed to be modified or superseded for the purposes of this
  registration statement to the extent that a statement contained herein or in any
  other subsequently filed document which also is or is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any statement so
  modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this registration statement. </P>
  <P align=justify><B>Item 4. Description of Securities. </B></P>
  <P align=justify>Not Applicable </P>
  <P align=center><B>II-2 </B></P>
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  <P align=justify><B>Item 5. Interests of Named Experts and Counsel. </B></P>
  <P align=justify>Not Applicable </P>
  <P align=justify><B>Item 6. Indemnification of Directors and Officers. </B></P>
  <P align=justify style="margin-left: 5%"><I>Articles of the Registrant </I></P>
  <P align=justify>Part 21 of the Registrant&#146;s Articles provides that subject to
  the BCBCA, the Company must indemnify a director, former director or alternate
  director of the Company (an &#147;eligible party&#148;) and his heirs and legal personal
  representatives against all judgments, penalties or fines awarded or imposed in,
  or amounts paid in settlement of, a legal proceeding or investigative action,
  whether current, pending, threatened or completed, in which the eligible party
  or any of his or her heirs or legal personal representatives , is or may be
  joined as a party, or is or may be liable for or in respect of a judgment,
  penalty or fine in, or expenses related to, the proceeding, by reason of the
  eligible party being or having been a director or alternate director of the
  Company. In addition, the Company must, after the final disposition of any such
  proceeding, pay the expenses actually and reasonably incurred by the eligible
  party in respect of that proceeding. Subject to the BCBCA, the Company may
  indemnify any other person. </P>
  <P align=justify>The Company may purchase and maintain insurance for the benefit
  of any person (or his or her heirs or legal representatives) who is or was a
  director, alternate director, officer, employee or agent of the Company or an
  affiliate of the Company, or is or was serving at the request of the Company as
  a director, alternate director, officer, employee or agent or the equivalent of
  another corporation or a partnership, joint venture, trust or other
  unincorporated entity, against all liability incurred by him or her as such
  director, alternate director, officer, employee, agent, or equivalent. </P>
  <P align=justify style="margin-left: 5%"><I>BCBCA Indemnification </I></P>
  <P align=justify>Under the BCBCA, a company may indemnify a current or former
  officer or director against any judgment, penalty or fine awarded or imposed in
  connection with, or amount paid in settlement of, any current, threatened,
  pending or completed legal proceeding or investigative action in respect of
  which such officer or director is a party or may be liable for a judgment,
  penalty, fine or expenses by reason of such individual having been an officer or
  director.</P>
  <P align=justify>A company may pay all expenses incurred by an officer or
  director actually and reasonably incurred in connection with such a proceeding
  after the final disposition of such proceeding and must pay all expenses
  reasonably incurred if the officer or director is substantially successful on
  the merits in the outcome of the proceeding or wholly successful on the merits
  or otherwise. Among other circumstances, a company shall not indemnify a current
  or former officer or director if such individual did not act honestly and in
  good faith with a view to the best interests of the company or, in the case of a
  proceeding other than a civil proceeding, if the individual did not have
  reasonable grounds for believing that his or her conduct in respect of which the
  proceeding was brought was lawful. Further, a company cannot indemnify or cover
  the expenses of any officer or director in respect of any proceeding brought by
  or on behalf of the company or an associated corporation. The Supreme Court of
  British Columbia may, on the application of a corporation or individual seeking
  indemnification, order indemnification of any liability or expense incurred by
  such individual in respect of any proceeding described above, or make any other
  order the Court considers appropriate. </P>
  <P align=justify>Insofar as indemnification for liabilities arising under the
  Securities Act may be permitted to directors, officers or persons controlling
  the Registrant pursuant to the Registrant&#146;s Articles or any indemnification
  agreement, the Registrant has been informed that in the opinion of the SEC such
  indemnification is against public policy as expressed under the Securities Act
  and is therefore unenforceable. </P>
  <P align=justify><B>Item 7. Exemption from Registration Claimed. </B></P>
  <P align=justify>Not Applicable </P>
  <P align=center><B>II-3 </B></P>
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  <P align=justify><B>Item 8. Exhibits. </B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left ><B><U>Exhibit Number</U></B> </TD>
      <TD align=center width="85%">
      <p align="left"><B><U>Exhibit</U></B> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">4.1 </TD>
      <TD align=left width="85%" bgColor=#e6efff>Articles of the registrant
        (incorporated by reference to Exhibit 99.1 to the registrant&#146;s Form 6- K
        as filed on July 2, 2009) </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh42.htm" style="text-decoration: none">4.2 </a> </TD>
      <TD align=left width="85%">
      <a href="exh42.htm" style="text-decoration: none">Metallica Resources Inc. Stock Option Plan,
        Amended and Restated as of May 23, 2006 </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh43.htm" style="text-decoration: none">4.3 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh43.htm" style="text-decoration: none">New Gold Inc. Stock Option Plan
        (2005) (as amended on May 3, 2007) </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh44.htm" style="text-decoration: none">4.4 </a> </TD>
      <TD align=left width="85%">
      <a href="exh44.htm" style="text-decoration: none">2006 Stock Incentive Plan of Western
        Goldfields, Inc. </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh45.htm" style="text-decoration: none">4.5 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh45.htm" style="text-decoration: none">Form of Option to Purchase
        Common Stock of Western Goldfields, Inc. </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh46.htm" style="text-decoration: none">4.6 </a> </TD>
      <TD align=left width="85%">
      <a href="exh46.htm" style="text-decoration: none">Non-Qualified Stock Option Contract between
        Western Goldfields, Inc. and Karen Dietrich </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh51.htm" style="text-decoration: none">5.1 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh51.htm" style="text-decoration: none">Opinion of Bull, Housser &amp;
        Tupper LLP </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh231.htm" style="text-decoration: none">23.1 </a> </TD>
      <TD align=left width="85%">
      <a href="exh231.htm" style="text-decoration: none">Consent of Deloitte &amp; Touche LLP
      </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh51.htm" style="text-decoration: none">23.2 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh51.htm" style="text-decoration: none">Consent of Bull, Housser &amp;
        Tupper LLP (contained in exhibit 5.1) </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh233.htm" style="text-decoration: none">23.3 </a> </TD>
      <TD align=left width="85%">
      <a href="exh233.htm" style="text-decoration: none">Consent of PricewaterhouseCoopers LLP
      </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh234.htm" style="text-decoration: none">23.4 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh234.htm" style="text-decoration: none">Consent of HJ &amp; Associates,
        LLC </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="#POWERS OF ATTORNEY" style="text-decoration: none">24.1 </a> </TD>
      <TD align=left width="85%">
      <a href="#POWERS OF ATTORNEY" style="text-decoration: none">Power of Attorney (See page II-7 of this
        registration statement) </a> </TD></TR></TABLE>
  <P align=justify><B>Item 9. Undertakings. </B></P>
  <P align=justify style="margin-left: 5%">(a) </P>
  <P align=justify style="text-indent: 10%; margin-top: -25.5pt">The undersigned
  Registrant hereby undertakes: </P>
  <P align=justify style="margin-left: 10%">(1) </P>
  <P align=justify style="text-indent: 15%; margin-top: -25.5pt">To file, during
  any period in which offers or sales are being made, a post-effective amendment
  to this registration statement: </P>
  <P align=justify style="margin-left: 15%">(i) </P>
  <P align=justify style="text-indent: 20%; margin-top: -25.5pt">To include any
  prospectus required by Section 10(a)(3) of the Securities Act; </P>
  <P align=justify style="margin-left: 15%">(ii) </P>
  <P align=justify style="text-indent: 20%; margin-top: -25.5pt">To reflect in the
  prospectus any facts or events arising after the effective date of the
  registration statement (or the most recent post-effective amendment thereof)
  which, individually or in the aggregate, represent a fundamental change in the
  information set forth in the registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered (if the
  total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the
  Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume
  and price represents no more than 20% change in the maximum aggregate offering
  price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
  registration statement; </P>
  <P align=justify style="margin-left: 15%">(iii) </P>
  <P align=justify style="text-indent: 20%; margin-top: -25.5pt">To include any
  material information with respect to the plan of distribution not previously
  disclosed in the registration statement or any material change to such
  information in the registration statement; </P>
  <P align=justify><I>provided, however,</I> that paragraphs (a)(1)(i) and
  (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the
  information required to be included in a post-effective amendment by those
  paragraphs is contained in periodic reports filed with or furnished to the
  Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
  Securities Exchange Act of 1934 that are incorporated by reference in this
  registration statement. </P>
  <P align=justify style="margin-left: 10%">(2) </P>
  <P align=justify style="text-indent: 15%; margin-top: -25.5pt">That for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  <I>bona fide </I>offering thereof. </P>
  <P align=justify style="margin-left: 10%">(3) </P>
  <P align=justify style="text-indent: 15%; margin-top: -25.5pt">To remove from
  registration by means of a post-effective amendment any of the securities being
  registered which remain unsold at the termination of the offering. </P>
  <P align=justify style="margin-left: 5%">(b)
  </P>
  <P align=justify style="text-indent: 10%; margin-top: -25.5pt">The undersigned
  Registrant hereby undertakes that, for purposes of determining any liability
  under the Securities Act, each filing of the Registrant&#146;s annual report pursuant
  to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable,
  each filing of an employee benefit plan&#146;s annual report pursuant to section
  15(d) of the Exchange Act) that is incorporated by reference in the registration
  statement shall be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be
  the initial <I>bona fide </I>offering thereof.
  </P>
  <P align=center><B>II-4 </B></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_6></A>
  <P align=justify style="margin-left: 5%">(h) </P>
  <P align=justify style="text-indent: 10%; margin-top: -25.5pt">Insofar as indemnification for liabilities arising under
  the Securities Act may be permitted to directors, officers and controlling
  persons of the Registrant pursuant to the foregoing provisions, or otherwise,
  the Registrant has been advised that in the opinion of the Securities and
  Exchange Commission such indemnification is against public policy as expressed
  in the Securities Act and is, therefore, unenforceable. In the event that a
  claim for indemnification against such liabilities (other than the payment by
  the Registrant of expenses incurred or paid by a director, officer or
  controlling person of the Registrant in the successful defense of any action,
  suit or proceeding) is asserted by such director, officer or controlling person
  in connection with the securities being registered, the Registrant will, unless
  in the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question of whether
  such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue. </P>
  <P align=center><B>II-5 </B></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_7></A>
  <P align=center><B>SIGNATURES </B></P>
  <P align=justify style="text-indent: 5%">Pursuant to the requirements of the Securities Act of 1933, the
  Registrant certifies that it has reasonable grounds to believe that it meets all
  of the requirements for filing on Form S-8 and has duly caused this registration
  statement to be signed on its behalf by the undersigned, thereunto duly
  authorized, in Vancouver, British Columbia on this 9th day of July, 2009. </P>
  <P style="MARGIN-LEFT: 50%" align=justify><B>NEW GOLD INC.</B> <BR>By: <U>/s/
  Robert Gallagher</U><I><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </u>&nbsp;<BR></I>Name: Robert Gallagher <BR>Title: Chief
  Executive Officer and Director </P>
  <P align=center><B><a name="POWERS OF ATTORNEY">POWERS OF ATTORNEY </a> </B></P>
  <P align=justify><B>KNOW ALL MEN BY THESE PRESENTS,</B> that each person whose
  signature appears below hereby constitutes and appoints Robert Gallagher and
  Brian Penny, or either of them as the undersigned&#146;s true and lawful
  attorney-in-fact and agents, with full power of substitution and resubstitution
  for such person and in such person&#146;s name, place and stead, in any and all
  capacities, to sign any and all amendments (including post-effective amendments,
  exhibits thereto, and other documents in connection therewith to this
  registration statement and any related registration statements necessary to
  register additional securities and to file the same with exhibits thereto and
  other documents in connection therewith with the Securities and Exchange
  Commission, granting unto said attorney-in-fact and agent full power and
  authority to do and perform each and every act and thing requisite and necessary
  to be done, as fully to all intents and purposes as such person might or could
  do in person, hereby ratifying and confirming all that each of said
  attorney-in-fact and agent, or their substitute or substitutes may lawfully do
  or cause to be done by virtue hereof.</P>
  <P align=justify>Pursuant to the requirements of the Securities Act of 1933,
  this registration statement has been signed by the following persons in the
  capacities and on the dates indicated.</P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Robert
        Gallagher </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">President, Chief Executive Officer and </TD>
      <TD align=right width="30%" >&nbsp;July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Robert Gallagher </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director (Principal Executive Officer) </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Brian Penny
  </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Chief Financial Officer and </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Brian Penny </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Executive Vice President (Principal </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Financial and Accounting Officer) </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ James Estey
  </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>James Estey </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Pierre
        Lassonde </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Pierre Lassonde </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp; </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director and Authorized </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Craig Nelsen
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Representative in the United States </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD align=left>Craig Nelsen </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Paul Sweeney
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Paul Sweeney </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Ian W. Telfer
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Ian W. Telfer </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Randall
        Oliphant </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium" align=left>
      Randall Oliphant</TD>
      <TD align=left width="5%" style="border-left-style: none; border-left-width: medium"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD>
      <TD align=right width="30%">&nbsp;</TD></TR></TABLE><BR>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_8></A><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Vahan Kololian
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Vahan Kololian </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Martyn Konig
      </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Martyn Konig </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR>
    <TR>
      <TD>&nbsp; </TD>
      <TD width="5%"  >&nbsp;</TD>
      <TD width="30%">&nbsp; </TD>
      <TD width="30%">&nbsp; </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Raymond
        Threlkeld </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">Director </TD>
      <TD align=right width="30%">July 9, 2009 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Raymond Threlkeld </TD>
      <TD align=left width="5%"  >&nbsp;</TD>
      <TD align=left width="30%">&nbsp; </TD>
      <TD align=left width="30%">&nbsp; </TD></TR></TABLE><BR>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_9></A>
  <P align=center><B>EXHIBIT INDEX </B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left ><B><U>Exhibit Number</U></B> </TD>
      <TD align=center width="85%">
      <p align="left"><B><U>Exhibit</U></B> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">4.1 </TD>
      <TD align=left width="85%" bgColor=#e6efff>Articles of the registrant
        (incorporated by reference to Exhibit 99.1 to the registrant&#146;s Form 6- K
        as filed on July 2, 2009) </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh42.htm" style="text-decoration: none">4.2 </a> </TD>
      <TD align=left width="85%">
      <a href="exh42.htm" style="text-decoration: none">Metallica Resources Inc. Stock Option Plan,
        Amended and Restated as of May 23, 2006 </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh43.htm" style="text-decoration: none">4.3 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh43.htm" style="text-decoration: none">New Gold Inc. Stock Option Plan
        (2005) (as amended on May 3, 2007) </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh44.htm" style="text-decoration: none">4.4 </a> </TD>
      <TD align=left width="85%">
      <a href="exh44.htm" style="text-decoration: none">2006 Stock Incentive Plan of Western
        Goldfields, Inc. </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh45.htm" style="text-decoration: none">4.5 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh45.htm" style="text-decoration: none">Form of Option to Purchase
        Common Stock of Western Goldfields, Inc. </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh46.htm" style="text-decoration: none">4.6 </a> </TD>
      <TD align=left width="85%">
      <a href="exh46.htm" style="text-decoration: none">Non-Qualified Stock Option Contract between
        Western Goldfields, Inc. and Karen Dietrich </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh51.htm" style="text-decoration: none">5.1 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh51.htm" style="text-decoration: none">Opinion of Bull, Housser &amp;
        Tupper LLP </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh231.htm" style="text-decoration: none">23.1 </a> </TD>
      <TD align=left width="85%">
      <a href="exh231.htm" style="text-decoration: none">Consent of Deloitte &amp; Touche LLP
      </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh51.htm" style="text-decoration: none">23.2 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh51.htm" style="text-decoration: none">Consent of Bull, Housser &amp;
        Tupper LLP (contained in exhibit 5.1) </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="exh233.htm" style="text-decoration: none">23.3 </a> </TD>
      <TD align=left width="85%">
      <a href="exh233.htm" style="text-decoration: none">Consent of PricewaterhouseCoopers LLP
      </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left bgColor=#e6efff >
      <p style="margin-left: 10">
      <a href="exh234.htm" style="text-decoration: none">23.4 </a> </TD>
      <TD align=left width="85%" bgColor=#e6efff>
      <a href="exh234.htm" style="text-decoration: none">Consent of HJ &amp; Associates,
        LLC </a> </TD></TR>
    <TR vAlign=top>
      <TD align=left >
      <p style="margin-left: 10">
      <a href="#POWERS OF ATTORNEY" style="text-decoration: none">24.1 </a> </TD>
      <TD align=left width="85%">
      <a href="#POWERS OF ATTORNEY" style="text-decoration: none">Power of Attorney (See page II-7 of this
        registration statement) </a> </TD></TR></TABLE>
  <BR>
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metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "newgold070709s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 46126}]
metadata_filer: {"company-data": {"conformed-name": "New Gold Inc. /FI", "cik": "0000800166", "assigned-sic": "1000", "irs-number": "000000000", "state-of-incorporation": "A1", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-160500", "film-number": "09937717"}, "business-address": {"street1": "3110 - 666 BURRARD ST.", "city": "VANCOUVER", "state": "A1", "zip": "V6C 2X8", "phone": "(604) 696-4100"}, "mail-address": {"street1": "3110 - 666 BURRARD ST.", "city": "VANCOUVER", "state": "A1", "zip": "V6C 2X8"}, "former-company": {"former-conformed-name": "DRC RESOURCES CORP                                      /FI", "date-changed": "19860904"}}
text: New Gold Inc: Form S-8 - Prepared by TNT Filings Inc.
  As filed with
        the Securities and Exchange Commission on July 9, 2009
  File No. 333-
  UNITED STATES
  SECURITIES AND EXCHANGE
        COMMISSION
  WASHINGTON, D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT
  UNDER THE SECURITIES ACT OF 1933
  NEW GOLD INC.
  (Exact name of registrant as specified in its
        charter)
  British Columbia, Canada
  98-0620225
  (State or other jurisdiction of Incorporation or
  (I.R.S. Employer Identification No.)
  organization)
  Park Place, 3110-666 Burrard St.
  Vancouver, British Columbia
  V6C 2X8
  (Address of principal executive offices)(zip
        code)
  New Gold Inc. Stock Option Plan (2005) (as amended on May 3,
  2007)
  Metallica Resources Inc. Stock Option Plan, Amended and Restated as of
  May 23, 2006
  2006 Stock Incentive Plan of Western Goldfields, Inc.
  Form of Option to Purchase Common Stock of Western Goldfields, Inc.
  Non-Qualified Stock Option Contract between Western Goldfields, Inc. and
  Karen Dietrich
  (Full titles of the plans)
  DL Services Inc.
  1420 5th Avenue, Suite 3400
  Seattle,
  WA 98101
  (Name and address of agent for service)
  (206) 903-2373
  (Telephone number, including area
  code, of agent for service)
  Copies to:
  Christopher Doerksen
  Dorsey &
  Whitney LLP
  1420 5
  th
  Avenue, Suite 3400
  Seattle, Washington 98101
  Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
  reporting company. See the definitions of "large accelerated filer,"
  "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
  Exchange Act.
  Large accelerated filer
  o
  Accelerated filer
  x
  Non-accelerated filer
  o
  (Do not check if a smaller reporting
        company)
  Smaller reporting company
  o
  CALCULATION OF REGISTRATION FEE
  Title of Each Class of
  Securities to be Registered
  Amount to
  be Registered
  Proposed Maximum Offering Price
  Per
        Share
  Proposed Maximum Aggregate
  Offering
        Price
  Amount of
  Registration Fee
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (1)
  484,005
  -
  $1,800,194.78
  (7)
  $100.45
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (2)
  9,826,200
  -
  $39,524,186.66
  (7)
  $2,205.45
  Common Shares, no par value
  (3)
  25,748,503
  $2.74
  (8)
  $70,550,898.22
  (8)
  $3,936.74
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (4)
  833,600
  $2.13
  (9)
  $1,775,568
  (9)
  $99.08
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (4)
  2,276,667
  $1.87
  (7)
  $4,257,367.29
  (7)
  $237.56
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (5)
  38,450
  $0.40
  (9)
  $15,380
  (9)
  $0.86
  Common Shares, no par value, issuable
        pursuant to options outstanding
  (6)
  100,000
  $0.34
  (9)
  $34,000
  (9)
  $1.89
  Total Commons Shares
  39,307,425
  $6,582.03
  (1)
  Represents common shares issuable pursuant to options
        outstanding under the Metallica Resources Inc. Stock Option Plan, Amended
        and Restated as of May 23, 2006 (the "Metallica Plan").
  (2)
  Represents common shares issuable pursuant to options
        outstanding under the New Gold Inc. Stock Option Plan (2005) (as amended
        on May 3, 2007) (the "New Gold Plan").
  (3)
  Represents common shares issuable pursuant to the New
        Gold Plan and not subject to outstanding options.
  (4)
  Represents common shares issuable pursuant to the 2006
        Stock Incentive Plan of Western Goldfields, Inc. (the "Western
      Plan").
  (5)
  Represents common shares issuable pursuant to the Form of
        Option to Purchase Common Stock of Western Goldfields, Inc. ("Western
        Option Agreements").
  (6)
  Represents common shares issuable pursuant to
        Non-Qualified Stock Option Contract between Western Goldfields, Inc. and
        Karen Dietrich.
  (7)
  Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(h) under the Securities Act
        of 1933, as amended. The maximum aggregate offering price is based upon
        the aggregate exercise price of outstanding options, converted from
        Canadian dollars into U.S. dollars based on the noon buying rate for
        Canadian dollars reported by the Bank of Canada on July 6, 2009 which was
        US$1.00 = Cdn$1.1612.
  (8)
  Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(c) and 457(h) under the
        Securities Act of 1933, as amended. The proposed maximum offering price
        per share and the registration fee were calculated in accordance with Rule
        457(c) and (h) based on the average high and low prices for the
        Registrant's common shares on July 6, 2009, on the NYSE Amex.
  (9)
  Estimated solely for the purpose of calculating the
        registration fee in accordance with Rule 457(h) under the Securities Act
        of 1933, as amended. The maximum aggregate offering price is based upon
        the aggregate exercise price of outstanding
  options.
  EXPLANATORY NOTE
  On June 30, 2008, New Gold Inc. (the "Registrant") acquired
  Metallica Resources Inc. pursuant to the completion of a statutory plan of
  arrangement (the "Metallica Arrangement"). Under the terms of the Metallica
  Arrangement, the Registrant issued replacement stock options (the "Metallica
  Options") for the options outstanding under the Metallica Stock Option Plan (the
  "Metallica Plan"). The Metallica Options are now exercisable for shares of the
  Registrant ("Shares") but otherwise continue to be subject to the terms and
  conditions of the Metallica Plan. The Registrant files this Form S-8 in order to
  register 484,005 Shares issuable upon the exercise of the Metallica Options.
  One June 1, 2009, the Registrant acquired Western Goldfields
  Inc. ("Western") pursuant to a statutory plan of arrangement (the "Western
  Arrangement"). Under the terms of the Western Arrangement, the Registrant issued
  replacement stock options (the "Western Options") for the options outstanding
  under the 2006 Stock Incentive Plan of Western (the "Western Plan") and stock
  options outstanding under Stock Option Agreements between Western and certain
  individuals (the "Western Option Agreements"). The Western Options are now
  exercisable for Shares but otherwise continue to be subject to the terms and
  conditions of the Western Plan or Western Option Agreements, as applicable. The
  Registrant files this Form S-8 in order to register 3,248,717 Shares issuable
  upon the exercise of the Western Options.
  The Registrant concurrently registers 9,826,200 Shares issuable
  upon the exercise of stock options outstanding under the New Gold Stock Option
  Plan (the "New Gold Plan") and 25,748,503 Shares issuable upon the exercise of
  additional stock options that may be granted from time to time under the New
  Gold Plan.
  PART II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3. Incorporation of Documents by Reference.
  The following documents are incorporated by reference in this
  registration statement:
  (a) The Registrant's annual report on Form 40-F filed with the
  Securities and Exchange Commission on April 1, 2009;
  (b) The Registrant's reports on Form 6-K furnished to the
  Commission since December 31, 2008;
  (c) The description of the Registrant's securities contained in
  the Registrant's Registration Statement on Form 20-F filed under the Exchange
  Act on June 27, 2003 including any amendment or report filed for the purpose of
  updating such description.
  All documents subsequently filed by the Registrant pursuant to
  Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
  post-effective amendment that indicate that all securities offered have been
  sold or which deregisters all securities then remaining unsold, shall be deemed
  to be incorporated by reference into this registration statement and to be a
  part hereof from the date of filing of such documents. Any statement contained
  in a document incorporated or deemed to be incorporated by reference herein
  shall be deemed to be modified or superseded for the purposes of this
  registration statement to the extent that a statement contained herein or in any
  other subsequently filed document which also is or is deemed to be incorporated
  by reference herein modifies or supersedes such statement. Any statement so
  modified or superseded shall not be deemed, except as so modified or superseded,
  to constitute a part of this registration statement.
  Item 4. Description of Securities.
  Not Applicable
  II-2
  Item 5. Interests of Named Experts and Counsel.
  Not Applicable
  Item 6. Indemnification of Directors and Officers.
  Articles of the Registrant
  Part 21 of the Registrant's Articles provides that subject to
  the BCBCA, the Company must indemnify a director, former director or alternate
  director of the Company (an "eligible party") and his heirs and legal personal
  representatives against all judgments, penalties or fines awarded or imposed in,
  or amounts paid in settlement of, a legal proceeding or investigative action,
  whether current, pending, threatened or completed, in which the eligible party
  or any of his or her heirs or legal personal representatives , is or may be
  joined as a party, or is or may be liable for or in respect of a judgment,
  penalty or fine in, or expenses related to, the proceeding, by reason of the
  eligible party being or having been a director or alternate director of the
  Company. In addition, the Company must, after the final disposition of any such
  proceeding, pay the expenses actually and reasonably incurred by the eligible
  party in respect of that proceeding. Subject to the BCBCA, the Company may
  indemnify any other person.
  The Company may purchase and maintain insurance for the benefit
  of any person (or his or her heirs or legal representatives) who is or was a
  director, alternate director, officer, employee or agent of the Company or an
  affiliate of the Company, or is or was serving at the request of the Company as
  a director, alternate director, officer, employee or agent or the equivalent of
  another corporation or a partnership, joint venture, trust or other
  unincorporated entity, against all liability incurred by him or her as such
  director, alternate director, officer, employee, agent, or equivalent.
  BCBCA Indemnification
  Under the BCBCA, a company may indemnify a current or former
  officer or director against any judgment, penalty or fine awarded or imposed in
  connection with, or amount paid in settlement of, any current, threatened,
  pending or completed legal proceeding or investigative action in respect of
  which such officer or director is a party or may be liable for a judgment,
  penalty, fine or expenses by reason of such individual having been an officer or
  director.
  A company may pay all expenses incurred by an officer or
  director actually and reasonably incurred in connection with such a proceeding
  after the final disposition of such proceeding and must pay all expenses
  reasonably incurred if the officer or director is substantially successful on
  the merits in the outcome of the proceeding or wholly successful on the merits
  or otherwise. Among other circumstances, a company shall not indemnify a current
  or former officer or director if such individual did not act honestly and in
  good faith with a view to the best interests of the company or, in the case of a
  proceeding other than a civil proceeding, if the individual did not have
  reasonable grounds for believing that his or her conduct in respect of which the
  proceeding was brought was lawful. Further, a company cannot indemnify or cover
  the expenses of any officer or director in respect of any proceeding brought by
  or on behalf of the company or an associated corporation. The Supreme Court of
  British Columbia may, on the application of a corporation or individual seeking
  indemnification, order indemnification of any liability or expense incurred by
  such individual in respect of any proceeding described above, or make any other
  order the Court considers appropriate.
  Insofar as indemnification for liabilities arising under the
  Securities Act may be permitted to directors, officers or persons controlling
  the Registrant pursuant to the Registrant's Articles or any indemnification
  agreement, the Registrant has been informed that in the opinion of the SEC such
  indemnification is against public policy as expressed under the Securities Act
  and is therefore unenforceable.
  Item 7. Exemption from Registration Claimed.
  Not Applicable
  II-3
  Item 8. Exhibits.
  Exhibit Number
  Exhibit
  4.1
  Articles of the registrant
        (incorporated by reference to Exhibit 99.1 to the registrant's Form 6- K
        as filed on July 2, 2009)
  4.2
  Metallica Resources Inc. Stock Option Plan,
        Amended and Restated as of May 23, 2006
  4.3
  New Gold Inc. Stock Option Plan
        (2005) (as amended on May 3, 2007)
  4.4
  2006 Stock Incentive Plan of Western
        Goldfields, Inc.
  4.5
  Form of Option to Purchase
        Common Stock of Western Goldfields, Inc.
  4.6
  Non-Qualified Stock Option Contract between
        Western Goldfields, Inc. and Karen Dietrich
  5.1
  Opinion of Bull, Housser &
        Tupper LLP
  23.1
  Consent of Deloitte & Touche LLP
  23.2
  Consent of Bull, Housser &
        Tupper LLP (contained in exhibit 5.1)
  23.3
  Consent of PricewaterhouseCoopers LLP
  23.4
  Consent of HJ & Associates,
        LLC
  24.1
  Power of Attorney (See page II-7 of this
        registration statement)
  Item 9. Undertakings.
  (a)
  The undersigned
  Registrant hereby undertakes:
  (1)
  To file, during
  any period in which offers or sales are being made, a post-effective amendment
  to this registration statement:
  (i)
  To include any
  prospectus required by Section 10(a)(3) of the Securities Act;
  (ii)
  To reflect in the
  prospectus any facts or events arising after the effective date of the
  registration statement (or the most recent post-effective amendment thereof)
  which, individually or in the aggregate, represent a fundamental change in the
  information set forth in the registration statement. Notwithstanding the
  foregoing, any increase or decrease in volume of securities offered (if the
  total dollar value of securities offered would not exceed that which was
  registered) and any deviation from the low or high end of the estimated maximum
  offering range may be reflected in the form of prospectus filed with the
  Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume
  and price represents no more than 20% change in the maximum aggregate offering
  price set forth in the "Calculation of Registration Fee" table in the effective
  registration statement;
  (iii)
  To include any
  material information with respect to the plan of distribution not previously
  disclosed in the registration statement or any material change to such
  information in the registration statement;
  provided, however,
  that paragraphs (a)(1)(i) and
  (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the
  information required to be included in a post-effective amendment by those
  paragraphs is contained in periodic reports filed with or furnished to the
  Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
  Securities Exchange Act of 1934 that are incorporated by reference in this
  registration statement.
  (2)
  That for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (3)
  To remove from
  registration by means of a post-effective amendment any of the securities being
  registered which remain unsold at the termination of the offering.
  (b)
  The undersigned
  Registrant hereby undertakes that, for purposes of determining any liability
  under the Securities Act, each filing of the Registrant's annual report pursuant
  to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable,
  each filing of an employee benefit plan's annual report pursuant to section
  15(d) of the Exchange Act) that is incorporated by reference in the registration
  statement shall be deemed to be a new registration statement relating to the securities offered
  therein, and the offering of such securities at that time shall be deemed to be
  the initial
  bona fide
  offering thereof.
  II-4
  (h)
  Insofar as indemnification for liabilities arising under
  the Securities Act may be permitted to directors, officers and controlling
  persons of the Registrant pursuant to the foregoing provisions, or otherwise,
  the Registrant has been advised that in the opinion of the Securities and
  Exchange Commission such indemnification is against public policy as expressed
  in the Securities Act and is, therefore, unenforceable. In the event that a
  claim for indemnification against such liabilities (other than the payment by
  the Registrant of expenses incurred or paid by a director, officer or
  controlling person of the Registrant in the successful defense of any action,
  suit or proceeding) is asserted by such director, officer or controlling person
  in connection with the securities being registered, the Registrant will, unless
  in the opinion of its counsel the matter has been settled by controlling
  precedent, submit to a court of appropriate jurisdiction the question of whether
  such indemnification by it is against public policy as expressed in the Act and
  will be governed by the final adjudication of such issue.
  II-5
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the
  Registrant certifies that it has reasonable grounds to believe that it meets all
  of the requirements for filing on Form S-8 and has duly caused this registration
  statement to be signed on its behalf by the undersigned, thereunto duly
  authorized, in Vancouver, British Columbia on this 9th day of July, 2009.
  NEW GOLD INC.
  By:
  /s/
  Robert Gallagher
  Name: Robert Gallagher
  Title: Chief
  Executive Officer and Director
  POWERS OF ATTORNEY
  KNOW ALL MEN BY THESE PRESENTS,
  that each person whose
  signature appears below hereby constitutes and appoints Robert Gallagher and
  Brian Penny, or either of them as the undersigned's true and lawful
  attorney-in-fact and agents, with full power of substitution and resubstitution
  for such person and in such person's name, place and stead, in any and all
  capacities, to sign any and all amendments (including post-effective amendments,
  exhibits thereto, and other documents in connection therewith to this
  registration statement and any related registration statements necessary to
  register additional securities and to file the same with exhibits thereto and
  other documents in connection therewith with the Securities and Exchange
  Commission, granting unto said attorney-in-fact and agent full power and
  authority to do and perform each and every act and thing requisite and necessary
  to be done, as fully to all intents and purposes as such person might or could
  do in person, hereby ratifying and confirming all that each of said
  attorney-in-fact and agent, or their substitute or substitutes may lawfully do
  or cause to be done by virtue hereof.
  Pursuant to the requirements of the Securities Act of 1933,
  this registration statement has been signed by the following persons in the
  capacities and on the dates indicated.
  /s/ Robert
        Gallagher
  President, Chief Executive Officer and
  July 9, 2009
  Robert Gallagher
  Director (Principal Executive Officer)
  /s/ Brian Penny
  Chief Financial Officer and
  July 9, 2009
  Brian Penny
  Executive Vice President (Principal
  Financial and Accounting Officer)
  /s/ James Estey
  Director
  July 9, 2009
  James Estey
  /s/ Pierre
        Lassonde
  Director
  July 9, 2009
  Pierre Lassonde
  Director and Authorized
  July 9, 2009
  /s/ Craig Nelsen
  Representative in the United States
  Craig Nelsen
  /s/ Paul Sweeney
  Director
  July 9, 2009
  Paul Sweeney
  /s/ Ian W. Telfer
  Director
  July 9, 2009
  Ian W. Telfer
  /s/ Randall
        Oliphant
  Director
  July 9, 2009
  Randall Oliphant
  /s/ Vahan Kololian
  Director
  July 9, 2009
  Vahan Kololian
  /s/ Martyn Konig
  Director
  July 9, 2009
  Martyn Konig
  /s/ Raymond
        Threlkeld
  Director
  July 9, 2009
  Raymond Threlkeld
  EXHIBIT INDEX
  Exhibit Number
  Exhibit
  4.1
  Articles of the registrant
        (incorporated by reference to Exhibit 99.1 to the registrant's Form 6- K
        as filed on July 2, 2009)
  4.2
  Metallica Resources Inc. Stock Option Plan,
        Amended and Restated as of May 23, 2006
  4.3
  New Gold Inc. Stock Option Plan
        (2005) (as amended on May 3, 2007)
  4.4
  2006 Stock Incentive Plan of Western
        Goldfields, Inc.
  4.5
  Form of Option to Purchase
        Common Stock of Western Goldfields, Inc.
  4.6
  Non-Qualified Stock Option Contract between
        Western Goldfields, Inc. and Karen Dietrich
  5.1
  Opinion of Bull, Housser &
        Tupper LLP
  23.1
  Consent of Deloitte & Touche LLP
  23.2
  Consent of Bull, Housser &
        Tupper LLP (contained in exhibit 5.1)
  23.3
  Consent of PricewaterhouseCoopers LLP
  23.4
  Consent of HJ & Associates,
        LLC
  24.1
  Power of Attorney (See page II-7 of this
        registration statement)