Newton Energy Corporation Announces Completion of Private Placement

Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN)
announces that it has issued 10,039,668 Units in a non-brokered private
placement (the "Offering") for aggregate gross proceeds of $150,595. Each Unit
is comprised of one common share ("Common Share") and one-half of one share
purchase warrant ("Warrant") of the Company. Each whole Warrant entitles the
holder thereof to acquire an additional Common Share at a price of $0.05 per
Common Share for the first twelve months following the closing of the Offering
and at a price of $0.10 per Common Share for the subsequent four year period.
The Warrants expire five years from the date of issuance. 


Newton paid a cash commission of $1,573.80. The board of directors of the
Company has approved the Offering.


Other than $50,000 of the proceeds to be used for general working capital
purposes, the remaining proceeds of the Offering will be used as follows:




Use of Proceeds                        Amount
---------------------------------------------
Mineral Lease Obligations             $53,500
Professional Services                 $25,236
Office Rent                            $4,021
Stock Transfer Services                  $534
Financial Consulting Fees             $11,000
Auditor Fees                           $1,230
Reservoir Engineer Fees                $3,500
Total                                 $99,021



Completion of the Offering is subject to regulatory approval including, but not
limited to, the approval of the TSX Venture Exchange Inc. The securities issued
are subject to a four month hold period from the date of the closing of the
Offering.


Newton is in discussions with several potential partners to facilitate field
appraisal and development of the Belvoir Prospect. 


About Newton

Newton holds UK East Midlands assets and is an emerging exploration and
production company. 


ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to receipt of
regulatory approval of the Offering. Statements included herein, other than
statements of historical fact, including, are forward-looking information and
such information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such forward-looking
information and description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in Newton's
disclosure documents on the SEDAR website at www.sedar.com Newton does not
undertake to update any forward-looking information except in accordance with
applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Newton Energy Corporation
Merv Chia
CEO and Executive Chairman
[e-mail]


Newton Energy Corporation
Art Bray
CFO
[e-mail]


Newton Energy Corporation
Suite 200, 638-11th Avenue SW
Calgary, Alberta T2R 0E2
1-403-410-3822
1-403-410-3854 (FAX)