NEWS RELEASE

NEW ISLAND RESOURCES INC.
Suite 602, TD Place 140 Water Street, St. John's, NL A1C 6H6 Canada
Telephone: (709) 576-7711     Facsimile: (709) 576-2236

 

February 3, 2006 Trading Symbol: TSXV:NIS

 
Appointment of Investor Relations Firm

New Island Resources Inc. (TSXV:NIS) (New Island) of St. John’s, NL is pleased to announce that it has appointed Noble House Capital Corp. (Noble House) as its Investor Relations agent, to provide investor relations services to the Corporation to communicate with brokers, analysts, investors, the media and the general public.

Noble House has been operating since 1994. It has represented publicly listed companies across North America which trade on the major North American Stock Exchanges, including the TSX, TSXV, OTC Bulletin Board, AMEX, as well as Pink Sheet market. Noble House is pleased to be working with the management of New Island Resources Inc. and views this as a complement for another gold mining company they represented, Desert Sun Mining (DSM/TSX), which graduated from TSXV to the TSX.

For its services, Noble House will be paid a monthly fee of $4000 for an initial term of six months, which may be renewed by mutual consent. It will also be reimbursed for reasonable approved expenses and will be granted options to purchase 200,000 shares at an exercise price of 27 cents per share to vest quarterly over a twelve-month period. Except for the stock options, Noble House does not currently hold any securities of New Island.

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


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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 .