September 14, 2010 15:05 ET

New Island Resources Inc. Announces Changes to Board of Directors

ST. JOHN'S, NEWFOUNDLAND and LABRADOR--(Marketwire - Sept. 14, 2010) - New Island Resources ("New Island") (TSX VENTURE:NIS) reports that on September 10, 2010 David Wiley of Oakville, Ontario and Dustin Angelo of Mississauga, Ontario were appointed as directors of New Island. Both Mr. Wiley and Mr. Angelo are also directors of Anaconda Mining Inc. (TSX:ANX) ("Anaconda").

These appointments are subject to the approval of the Exchange and are in accordance with the agreement (the "Agreement") between New Island and Anaconda which was reported in a joint press release on August 30, 2010. Under the Agreement, Anaconda will acquire New Island's interest in the gold project at Pine Cove, Newfoundland by way of a Plan of Arrangement. As consideration for New Island's interest in the Pine Cove mine and mill project, Anaconda will issue 22,602,315 common shares to be distributed to shareholders of New Island proportionately in accordance with their interest in New Island. Pursuant to the Agreement, there are to be two directors of New Island nominated by Anaconda pending closing of the transaction. Other details of the Agreement may be found in the joint press release issued by New Island and Anaconda of August 30, 2010.

To enable and facilitate the appointment of the new Directors, Mr. Eric Jerrett agreed to resign from the Board on September 6, 2010, which became effective with the new appointments. Mr. Jerrett is one of the longest serving, valued and respected members of the Board. He is a graduate engineer and has operated his engineering and architectural company for many years. He has received many honorary awards in recognition of his major contribution to his profession, charities, and the community at large, including the Order of Canada. For his long standing contribution and support to New Island, it extends to Mr. Jerrett its sincere appreciation and best wishes.

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. New Island has entered into agreements for the sale of its interest in the gold mine and mill project at Pine Cove in central Newfoundland and for the sale of the Glover Island exploration property in western Newfoundland. Additional information concerning these sales and New Island may be obtained on New Island's website at: or from the System for Electronic Document Analysis and Retrieval (SEDAR) website at: under New Island's profile.


Harold Wareham, President and CEO

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

Contact Information