December 19, 2007 15:56 ET

New Island Reports on Annual General Meeting, Board Changes and Grant of Options

ST. JOHN'S, NEWFOUNDLAND--(Marketwire - Dec. 19, 2007) - New Island Resources Inc. (TSX VENTURE:NIS) (the Company) of St. John's, NL is pleased to announce that all resolutions submitted at the Annual General Meeting held on December 14, 2007 were approved by the shareholders.

The Company advises that Mr. William Warren did not seek reelection to the Board and extends thanks and appreciation for his assistance and contribution during his tenure on the Board.

The Company is pleased to advise that Mr. D.S. (Sam) Walters has been elected to the Board of Directors. Mr. Walters holds a Bachelor of Commerce degree and has been recognized and honoured for his community leadership through numerous charitable, educational and humanitarian endeavours. He retired as Vice-President Newfoundland & Labrador, Royal Bank of Canada, in August 2000 after 38 years of service with the Bank. Mr. Walters continues to be quite active in the community and the Company is quite pleased to welcome him as a member of the Board.

Following the annual meeting on December 14, the Board approval the issuance of 1,300,000 stock options to directors, officers, and consultants pursuant to the Corporation's Stock Option Plan. The options have an exercise price of $0.13 per share expiring December 14, 2012.

Information on New Island and its properties can be viewed at

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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