June 26, 2009 12:56 ET

New Island Announces Corporate Appointment

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - June 26, 2009) - New Island Resources Inc. (New Island) (TSX VENTURE:NIS) of St. John's, NL is pleased to announce the appointment of David Loveys as Acting Chief Financial Officer, effective June 15, 2009.

Mr. Loveys has over 25 years experience, primarily with Canadian publicly traded companies operating in the domestic and international markets. He held a senior financial position with CHC Helicopter Corporation and prior to that with the NewTel Group of Companies. He is also currently CFO of Cornerstone Capital Resources Inc., a mineral exploration company operating in Canada and Ecuador. He has a Bachelor of Commerce Degree from Memorial University of Newfoundland and qualified as a Chartered Accountant in 1981. He successfully completed the Investment Dealers Association of Canada, Canadian Securities Course in 1987.

Mr. Loveys' primary role will be to take senior leadership roles in overseeing the transition to International Financial Reporting Standards and New Island's finance department.

"We are delighted to welcome David to the New Island team" said President and CEO, Mr. Harold Wareham. "New Island will greatly benefit from David's financial expertise and public company work experience and we look forward to working with him as we move New Island forward".

Lisa Hodge, the former Acting CFO, will remain with New Island in the capacity of Treasurer and Assistant Corporate Secretary and will continue working in accounting and finance in association with Mr. Loveys.

Statements contained in this release that are not historical facts are forward-looking statements, which involve known and unknown risks and uncertainties not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements.

"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"

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