Newmac Resources Inc.
TSX VENTURE : NER
FRANKFURT : N3M

Newmac Resources Inc.

April 24, 2008 12:55 ET

Newmac Resources Inc.: High Grade Molybdenum Mineralization Now Extended Over 250 m Drilling Continues With Two Diamond Drills

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Newmac Resources Inc. (TSX VENTURE:NER) is pleased to announce that drilling continues with two diamond drills on the Crazy Fox Molybdenum Project, which is favourably located 100 km North of Kamloops, British Columbia.

Assays have been received for holes CF08-49 and CF08-51. The company is particularly encouraged by hole CF08-51, which collared 305 m west of hole CF07-41 and drilled at 135 degrees azimuth at -80 degrees. Hole CF08-51 curved to the south as it was drilled, this resulted in the hole not crossing the entire projected mineralized zone, and the hole went out of mineralization as it went to depth.



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Hole From To Interval Interval MoS2 Mo W
CF08-51 (m) (m) (m) (ft) (%) (%) (%)
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Intercept 437.5 781.5 344 1128 0.18 0.11 0.01
Including 641.5 777.5 136 446 0.29 0.18 0.02
Including 697.5 777.5 46 151 0.43 0.26 0.01
Including 715.5 743.5 28 92 0.48 0.29 0.01
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With the successful location of high grade mineralization in hole CF08-51. Roughly 250 m of high grade mineralization has been intersected along strike from CF08-51 to CF08-41.

The mineralization encountered can be described as mainly stockwork in style with minor dissemination. Molybdenite and wolframite occurring as disseminated blebs and streaks and in the selvages of centimeter scale quartz veinlets and smaller fractures trending in several orientations. Occasional veinlets of massive molybdenite up to several centimeters in width have been previously noted.



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Hole From To Interval Interval MoS2 Mo W
CF08-49 (m) (m) (m) (ft) (%) (%) (%)
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Intercept 414 604 192 623 0.05 0.03 0.01
Including 414 554 40 131 0.07 0.04 0.02
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CF08-49 was drilled at -75 degrees at an azimuth of 50 degrees from a collar located 300 m northwest from the collar of CF07-41 (see plan map on website). This hole went through molybdenum mineralization, and exited the lower half of the intrusion at 590 m. The hole encountered molybdenum and tungsten mineralization, but to a lesser degree than encountered in CF08-51, CF07-41 and CF 08-47.

Drill hole CF08-50 was lost before reaching the thrust fault.

The company is currently drilling with two diamond drills, with the goal of extending know mineralization and exploring new areas of high potential.

Hole CF07-41, (Reported previously) penetrated a low angle thrust fault at approximately 390 m (1280 feet) and encountered mineralized intrusive rocks to the bottom of the hole at a depth of 1021 m (3349 feet). Summary results for the hole are as follows:



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Hole From To Interval Interval MoS2 Mo W
CF07-41 (m) (m) (m) (ft) (%) (%) (%)
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Intercept 400.7 830.7 430 1410 0.17 0.1 0.01
Including 646.7 796.7 150 492 0.29 0.18 0.01
Including 708.7 756.7 48 157 0.48 0.29 0.01
Including 708.7 722.7 14 46 0.96 0.58 0.01
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CF08-47 was collared 350 m west of hole CF07-41 (March 31, 2008 news release, incorrectly stated this as east of hole CF07-41, when in fact it is west) and drilled to the east at -80 degrees. Hole CF08-47 curved to the south as it was drilled, and CF07-41 curved to the north, therefore the two mineralized intersections are between 90 m to 150 m apart (Reported previously).



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Hole From To Interval Interval MoS2 Mo W
CF08-47 (m) (m) (m) (ft) (%) (%) (%)
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Intercept 467 791 324 1063 0.21 0.13 0.02
Including 523 713 190 623 0.29 0.18 0.02
Including 547 619 72 236 0.41 0.25 0.02
Including 565 619 54 177 0.48 0.29 0.03
Including 565 597 32 105 0.58 0.35 0.03
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Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a certified facility, using a phosphoric acid leach with ICP-ES spectrometry methods.

Technical content of this news has been reviewed by W. A. Howell, P.Geo, a qualified person within the definitions of National Instrument 43-101.

Respectfully submitted

ON BEHALF OF THE BOARD

David Schmidt, President

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Newmac Resources Inc.'s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

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