NLI Newlook Industries Corp

Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:NLI) is
pleased to announce that it has released its unaudited consolidated financial
statements for the three months ended June 30, 2010, along with associated
management discussion and analysis and officer certifications (the "Interim
Filings").


Trading in the Company's securities was suspended by the TSX Venture Exchange
("TSXV") on July 2, 2010 as a result of a cease trade order ("CTO") issued by
the Ontario Securities Commission ("OSC"). The CTO had been imposed due to the
late filing of the Company's financial statements for the year ended December
31, 2009, the interim financial statements for the period ended March 31, 2010,
and associated management discussion and analysis. 


As the Company has filed all the above-noted materials, an application to the
OSC for a full revocation of the CTO has recently been filed. Upon revocation of
the CTO, the Company will initiate the reinstatement review process with the
TSXV in order to commence trading of its shares.


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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