Newlook Files Third Quarter 2010 Financial Statements

   Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE: NLI) announces that it has filed its unaudited consolidated financial statements for the three months ended September 30, 2010, along with associated management discussion and analysis.

The Company continues to work with the TSXV on its reinstatement review process, which was initiated in order to recommence trading of its shares. Trading in Newlook's securities had been suspended on July 2, 2010 as a result of a cease trade order ("CTO") that was originally imposed by the Ontario Securities Commission ("OSC") due to the late filing of the Company's financial statements earlier this year. On September 1, 2010, the Company was granted a full revocation of the CTO by the OSC as its filings were brought up to date during August 2010.

Newlook will continue to keep the market informed of any material corporate developments as they occur.

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