Newton Energy Corporation
TSX VENTURE : NTN

Newton Energy Corporation

May 24, 2012 15:56 ET

Newton Energy Corporation Announces First Quarter Results for 2012 and Update to Private Placement

CALGARY, ALBERTA--(Marketwire - May 24, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") is pleased to report its financial results for the three months ended March 31, 2012. The first quarter financial statements and Management's Discussion & Analysis were filed today on SEDAR at www.sedar.com.

The Company also announces that further to its press release dated May 16, 2012, it will not be completing any additional closings of its private placement of common shares of the Company.

ADVISORY:

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", and similar expressions, are forward-looking statements that represents management of Newton's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Newton. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Newton's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Newton's filings with the Canadian securities authorities. Accordingly, holders of Newton's shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation.

Neither 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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