Newton Energy Corporation Announces Initial Closing of Private Placement

Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton")
announces that it has completed the initial closing of a non-brokered private
placement for 3,170,000 common shares (the "Common Shares") of Newton at a price
of $0.10 per Common Share for aggregate gross proceeds of $317,000 (the
"Offering"). The maximum Offering was for $500,000 and the Company anticipates
completing additional closings in the future up to the maximum Offering. 


Newton paid a cash commission of $24,360 and issued 304,500 broker warrants (the
"Broker Warrants"). Each Broker Warrant will entitle the holder to acquire one
Common Share at a price of $0.10 per Broker Warrant for a period of 12 months
from the date of issuance.


The proceeds of the Offering will be used for exploration and development
activities and general working capital purposes. 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.


About Newton 

Newton is an oil and gas company with exploratory targets on its East Midlands
licenses in the United Kingdom. Newton maintains offices in London, England and
Calgary, Alberta.


ADVISORY: 

This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the closing
of the private placement including the Company's ability to obtain necessary
approvals from the TSX Venture Exchange. All 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 a 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.