NLI Newlook Industries Corp

Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:NLI) wishes
to provide an update on various corporate matters.


On September 1, 2010, the Ontario Securities Commission revoked a cease trade
order ("CTO") that was originally imposed on the Company due to the late filing
of its financial statements, which were brought up to date during August 2010.
Subsequently, the Company initiated the reinstatement review process with the
TSX Venture Exchange ("TSXV") in order to recommence trading of its shares,
which had been suspended on July 2, 2010 as a result of the CTO. The
reinstatement process has been ongoing, and the Company will continue working
with the TSXV in this regard.


On June 7, 2010, Newlook announced its intent to acquire the Fanotech
Manufacturing Group. This transaction will not be executed with the Company as
originally intended. Additionally, a transaction to acquire a stake in Vecture
Inc. as announced on April 15, 2010, will no longer proceed. Newlook will
continue to keep the market informed of any material corporate developments as
they occur. 


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. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this 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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