Newton Energy Corporation Announces First Quarter Results for 2012 and Update to Private Placement

Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") is
pleased to report its financial results for the three months ended March 31,
2012. The first quarter financial statements and Management's Discussion &
Analysis were filed today on SEDAR at www.sedar.com. 


The Company also announces that further to its press release dated May 16, 2012,
it will not be completing any additional closings of its private placement of
common shares of the Company. 


ADVISORY:

Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates", and similar expressions, are forward-looking
statements that represents management of Newton's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Newton. The
projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Newton's actual performance and financial results in future periods to differ
materially from any projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, among other things, those described in Newton's filings with the
Canadian securities authorities. Accordingly, holders of Newton's shares and
potential investors are cautioned that events or circumstances could cause
results to differ materially from those predicted. Newton disclaims any
responsibility to update these forward-looking statements except as required by
applicable securities legislation.