Newlook Industries Corp
News

OCT 23, 2008 -- Appointment of new auditors

Toronto - Newlook Industries Corp. (TSXV: NLI) today announced that the Company has changed auditors.

Effective October 16, 2007, SF Partnership, LLP ("SF Partnership") resigned as the Company's principal accountants. Upon the resignation of SF Partnership the audit committee, on behalf of the board of directors, selected and approved the appointment of Mintz & Partners, LLP ("Mintz") of Toronto, Ontario as principal accountants and successor auditors for the Company. Mintz will audit the financial statements of the Company, beginning with the audit of fiscal year ended September 30, 2007. The Company did not have any disputes with SF Partnership relating to its audit of the Company's financial statements.

The Company thanks SF Partnership for the professional manner in which they completed their duties over the last few years.

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept 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.

For more information contact:

John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
Newlook Industries
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