New Island Resources Inc. ("New Island") (TSX VENTURE:NIS) reports that the
third party identified in the press release issued by New Island on May 14, 2010
is Mountain Lake Resources Inc. ("Mountain Lake"). As set out in the press
release on that date, on April 29, 2010, Mountain Lake loaned to New Island
$160,000.00 and is subject to interest at 6% per annum and may be repaid on
demand any time after June 21, 2010. This loan is secured by right, title and
interest in and to the Glover Island property mining lease and mineral licences
and is subject to the terms of a security agreement, a collateral mortgage
agreement and an escrow agreement.


About New Island Resources Inc.

New Island is a diversified junior exploration company holding gold and base
metal properties in the Province of Newfoundland and Labrador. Additional
information concerning New Island may be obtained on New Island's website at:
www.newislandresources.com or from the System for Electronic Document Analysis
and Retrieval (SEDAR) website at: www.sedar.com under New Island's profile.


ON BEHALF OF THE BOARD OF DIRECTORS

s/ "Harold Wareham"

President and CEO
New Island Resources (TSXV:NIS)
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