News

NEWLOOK ANNOUNCES TEMPORARY MANAGEMENT CEASE TRADE ORDER

TORONTO, ON – May 6, 2010 – Newlook Industries Corp. (“Newlook” or the “Company”) (TSXV: NLI) announces that the Ontario Securities Commission has issued a temporary management cease trade order (“MCTO”) as requested by the Company as it did not file its annual financial statements and management, discussion and analysis (“MD&A”) for the year ending December 31, 2009 on or before the prescribed deadline of April 30, 2010.

As announced on April 28, 2010, Newlook had requested that a MCTO be imposed rather than a general cease trade order in respect of the late filings in an application to securities regulators submitted under National Policy 12-203 (“NP 12-203”). Pursuant to NP 12-203, the MCTO was issued to the Company’s Chief Executive Officer and Chief Financial Officer, thereby temporarily prohibiting them from trading in the securities of the Company. Under the terms of the MCTO, Newlook shall provide bi-weekly status reports in the form of news releases as long as it remains in default of the requirements to file its financial statements and MD&A within the prescribed period of time.

Newlook wishes to announce that Jason Moretto has recently been appointed Chief Financial Officer of the Company. Additionally, Newlook has accepted the resignation of Roland Austrup, Director. The Company intends to announce the appointment of a new independent director to its board shortly.

Newlook Industries Corp., headquartered in King City, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 833-0072 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.

For more information contact:

John G. Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (905) 833-0072 x223