Toronto, May 30, 2008 - Newlook Industries Corp. (TSXV: NLI) today announced that the consolidated unaudited operating results for the three months ended March 31, 2008 have been filed on SEDAR (www.sedar.com).

Newlook posted net earnings of $54,124 ($0.002 per share) during the three month period ended March 31, 2008 up from a loss of $204,129 ($0.007 per share) during the comparative period in the prior year. Earnings from continuing operations before minority interest, foreign exchange gains and interest in the current quarter were $326,598 compared to a loss of $353,860 in the prior year. Earnings from discontinued operations were $35,948 in the current quarter and $150,011 in the prior year.

Gary N. Hokkanen, the Company's CFO commented; "Exceptionally strong operational earnings generated by Wireless Age Communications, Inc. were affected by amortization of intangible assets and the minority interest deduction. The minority interest reduction in earnings arises from Newlook having an approximately 55% ownership interest in Wireless Age."

John G. Simmonds, Newlook CEO stated; "I'm extremely pleased with the first quarter results. I look forward to continued profitable results from our Wireless Age subsidiary."

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 477-5656 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 G. Simmonds
Chief Executive Officer
Newlook Industries Corp
Telephone: (416) 477-5656 x301