New Global Closes Private Placement In Escrow

Thursday, March 18, 2010 - Vancouver, British Columbia (NNG.TSXV).

New Global Ventures International Ltd. (the “Company”) is pleased to announce that it has closed the first tranche of its previously announced private placement of units. An aggregate of 6,775,000 units was issued for gross proceeds of $1,016,250. Each unit comprises of one common share and one-half of one common share purchase warrant of the Company, and each whole warrant is exercisable at $0.33 per common share for two years. Asty Capital AG was granted 250,000 finder’s warrants in connection with the closing, exercisable at $0.20 per common share for one year.

All proceeds are held in escrow pending final approval by the TSX Venture Exchange of the Company’s transaction with South American Exploration & Finance, S.A.S., at which time the Company expects to close the remaining portion of the private placement. Pursuant to the transaction, the Company will acquire a 100% interest in a 141 hectare mining concession located in the municipality of Cucutilla, Norte de Santander, Colombia.

“We were extremely pleased with the level of investor interest on this private placement,” said Mr. Mark Lawson, New Global Ventures International Ltd. President and CEO. “We want to dually thank our existing, and new shareholders for their support.”

ON BEHALF OF THE BOARD (sgd.) “Mark Lawson”, President & CEO

For further information please contact:

Jeremy Ross Tyler Ross Corporate Development T: 604-893-8838

Mark Lawson President & CEO T: 416-623-0565

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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