NRI Newmac Resources Inc.
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Flow-Through and Non-Flow-Through Private Placement

November 1, 2006

Newmac Resources Inc. (TSX-V: NER) has negotiated, subject to acceptance by the TSX Venture Exchange, a private placement of up to $150,000 with certain placees.

These funds will be raised by the Company issuing:

Flow Through Units (the “FT Units”) at a price of $0.35 per FT Unit, each FT Unit consisting of one flow-through common share and one non-transferable share purchase warrant, each warrant entitling the holder thereof to purchase one additional non flow-through common share, exercisable for a period of one year from the date of issuance at a price of $0.50 per share.

and

Non Flow Through Units (the “ NFT Units”) at a price of $0.35 per NFT Unit, each NFT Unit consisting of one non flow-through common share and one non-transferable share purchase warrant, each warrant entitling the holder thereof to purchase one additional non flow-through common share, exercisable for a period of one year from the date of issuance at a price of $0.50 per share.

Proceeds from the FT Unit private placement will be used to explore the company’s properties located in British Columbia. This exploration work will qualify as Canadian Exploration Expense for the purposes of the Income Tax Act (Canada), which will then be renounced by the Company to the placees.

The remaining proceeds will be used for general working capital purposes.

Respectfully submitted
ON BEHALF OF THE BOARD

“David Hjerpe”
David Hjerpe
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.

For Further Information Contact David Hjerpe, President at: (604) 461-7211