Newlook Files First Quarter 2010 Financial Statements

   Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE: NLI) is pleased to announce that it has released its unaudited consolidated financial statements for the three months ended March 31, 2010, along with associated management discussion and analysis and officer certifications (the "Interim Filings").

The TSX Venture Exchange ("TSXV") suspended trading in the Company's securities on July 2, 2010 as a result of a Cease Trade Order ("CTO") issued by the Ontario Securities Commission. The CTO was caused by the delay in the Company's Annual and Interim Filings.

With the release of the Interim Filings, Newlook may now begin the process to reinstate trading. This will occur when the CTO is revoked and the TSXV has concluded its reinstatement review to ensure the Company has satisfactorily complied with all TSXV requirements.

Newlook Industries Corp., headquartered in King City, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call [phone] or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. Neither 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 press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

Contacts: Newlook Industries Corp. John G. Simmonds Chief Executive Officer [phone] x223