NLI Newlook Industries Corp

Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE: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 (905) 833-3072 or refer to www.sedar.com.


The management of the company, who take full responsibility for its content,
prepared this press 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.

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