New Island Resources Inc. (New Island)(TSXV:NIS) of St. John�s, NL announces that it has sold the claims rights to its marble deposit near Deer Lake, Newfoundland to Island Industrial Ltd. for $10 and other good and valued consideration. Under the terms of the sale agreement, New Island will receive a royalty of ten percent of the gross profits from the sale value of products generated from the deposit. Additionally, New Island retains a right of first refusal should Island Industrial Ltd. decide to dispose of the property in the future.

Mr. Harold Wareham, President, states that while disappointed New Island was unable to bring the marble deposit into commercial production, it is pleased to be able to reach an agreement with Island Industrial Ltd., a company which is and has been actively involved in the dimension stone industry in the Province.

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 .