Newton Energy Corporation Announces Update on Divestment of Non-Core Assets in the UK East Midlands

Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN)
announces the Letter of Intent ("LOI"), referenced in the press release dated
January 28, 2013, entered into with a Canadian based independent energy company
for the disposal of non-core assets within the UK East Midlands has expired and
the transaction did not close. 


The parties did not enter into a formal Sale and Purchase Agreement, no
consideration was received and the option to purchase the remainder of PEDL 254
and the entire PEDL 255 expired. The option, which was initially to expire on
April 30, 2013, was extended until May 14, 2013.


Newton is focused on finalizing the land lease and securing funding to drill and
complete two appraisal wells in the Belvoir field. 


About Newton

Newton holds UK East Midlands assets and a farm-in agreement in the Gambia
blocks A1 and A4. Newton is in discussions with several potential partners to
facilitate field appraisal and development of the Belvoir Prospect. 


ADVISORY

This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to future plans
and operations. 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
Interim 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