Newlook Files Second 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 June 30, 2010, along with associated management discussion and analysis and officer certifications (the "Interim Filings").

Trading in the Company's securities was suspended by the TSX Venture Exchange ("TSXV") on July 2, 2010 as a result of a cease trade order ("CTO") issued by the Ontario Securities Commission ("OSC"). The CTO had been imposed due to the late filing of the Company's financial statements for the year ended December 31, 2009, the interim financial statements for the period ended March 31, 2010, and associated management discussion and analysis.

As the Company has filed all the above-noted materials, an application to the OSC for a full revocation of the CTO has recently been filed. Upon revocation of the CTO, the Company will initiate the reinstatement review process with the TSXV in order to commence trading of its shares.

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. 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.

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.

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