New Island Resources Inc. (NIS: TSX.V) of St. John’s Newfoundland is pleased to announce early, positive drill results from its Glover Island Gold Property in western Newfoundland. Four (4) holes completed of a planned 12-hole program have all intersected significant sections of mineralized felsite rocks which host gold mineralization at 16 advanced prospects along a 16 km structural zone. Early sampling results are highlighted by gold assays up to 8.9 g/tonne and include a 7.9 metre section grading 3.9 g/t.
To date 4 holes have been completed and sampled with a total of 135 samples being forwarded for assaying at Eastern Analytical Laboratories, Springdale NF. 46 of these samples are from the first hole SE-28A which intersected a 40.8 metre mineralized section from 188.35 to 229.15 metres. The first 17 samples from this hole have been assayed and yielded economic values of greater than 1.1 g/t in 11 samples, which include the 7.9 metre section.

SE-28A represents the first deep hole drilled on the Lunch Pond South Extension Zone where shallower drilling by the company in the early 1990’s indicated a geological resource of approximately 3.6 million tonnes grading 2.0 g/t within mineralized sections up to 40 metres thick. This hole drilled at a dip of –51º to a final depth of 281 metres intersected the predicted down dip extension of the zone 30 metres vertically below a 40 metre section grading 1.9 g/t and intersected in the early 1990’s. The early results not only confirm the down dip extension of the zone to a vertical depth of approx. 185 metres but also show the zone is maintaining its thickness while recording a significant improvement in grade. The 7.9 metre section grading 3.9 grams corresponds to an 8.2 metre section grading 2.8 grams in the earlier hole (SE-6), which penetrated the zone 30 metres above SE-28A.

The company is very encouraged with these results. The 2nd and 3rd holes drilled at Lunch Pond South confirm the down dip and strike extension of the zone. With assays pending, the drill was moved to test the Lucky Smoke Prospect located 6 km north. The first hole at Lucky Smoke (LS-7) was drilled to test the down dip extension of an 8 metre zone grading 13.62 g/t. This hole cut approx. 14 metres of comparably mineralized felsite 30 metres vertically below the high-grade zone. The impending assays include samples from this intersection.

The drilling program will continue throughout October with further testing of the Lunch Pond South Extension, Lucky Smoke and Rusty Trickle Zones (a zinc enriched, Volcanogenic Massive Sulfide Prospect 3 km south of Lunch Pond). Assay results will be reported as and when received.

The technical information contained in this release was collected and compiled by Project Manager, Sherry Dunsworth, M. Sc, P.Geo. who is a qualified person as defined by National Instrument 43-1.101.

For further information, please contact:

Harold Wareham, President, Telephone: (709) 576-7711   Fax: (709) 576-2236 Email: info@newislandresources.com www.newislandresources.com

Statements contained in this release that are not historical facts are forward-looking statements, which involve known and unknown risks and uncertainties not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements .