NNP New North Projects Ltd

CALGARY, Dec. 19, 2011 /CNW/ - NewNorth Projects Ltd. today announces payment of the annual interest totalling $474,942.00 on the Unsecured Redeemable Subordinated Debenture to be paid on or about January 3, 2012 to debenture holders of record at December 8, 2011.   The Debenture trades on the TSX Venture Exchange under the symbol NNP.DB. NewNorth Projects Ltd. is an integrated land and building development company operating in Alberta and the Northwest Territories. Neither the 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. The contents of this release have not been approved or disapproved by any securities authority or stock exchanges. NewNorth Projects Ltd. CONTACT: Mr. Greg N. Herndier, President and Chief Executive Officer orMrs.Shannon Cook, Controller at (403) 531-0280.

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