St. John’s, NL New Island Resources Inc. (“New Island”) (TSX Venture: NIS) announces that it proposes to issue by way of a private placement up to 6,500,000 units (the “Units”) at a price of $0.11 per Unit, for gross proceeds of $715,000. Each Unit will consist of one Common Share of the Corporation and one Common Share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to acquire one Common Share of the Corporation at an exercise price of $0.15 per share on or before April 25, 2006.

Pursuant to the terms of the Private placement, certain existing shareholders of New Island will sell a total of approximately 2,000,000 Common Shares at a price of $0.115 per share and the proceeds of such sale, after deduction of costs, will be used by the selling shareholders to purchase approximately 2,000,000 Units under the private placement.

The proceeds of the private placement will be used for general working capital.

A finder’s fee of 10% of the gross proceeds of the sale of the Units will be paid.

About New Island

New Island is a mineral exploration company holding properties in Newfoundland. Information on New Island and its properties can be viewed at www.newislandresources.com.

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 .