Newlook Files Fiscal 2009 Financial Statements

Newlook Industries Corp. ("Newlook" or the "Company")(TSX VENTURE:NLI) is
pleased to announce it has released its audited consolidated financial
statements for the year ended December 31, 2009, along with associated
management discussion and analysis (the "Annual Filings").


The delay in the release of the Annual Filings has hindered the filing of
Newlook's financial statements for the quarter ended March 31, 2010, along with
associated management discussion and analysis (the "Interim Filings"). Newlook
previously announced that both the Annual Filings and Interim Filings would be
delayed. With the release of the Annual Filings, Newlook has begun work on the
Interim Filings and anticipates their release in the near future.


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 ("OSC"). The CTO was caused by the delay in the Annual and
Interim Filings. The CTO is anticipated to remain in effect until shortly after
the receipt by the OSC of the outstanding Interim Filings. Reinstatement to
trading can occur only 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.