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Newmac Resources Announces Closing of Two Private Placements, Closing of Moira Property Option, And Announcement of a Third Private Placement

December 21, 2007

Further to the Newmac Resources Inc. (TSX-V: NER) “Newmac” news release dated November 27, 2007 the Company has received TSX Venture Exchange approval to the issuance of 2,666,664 flow-through units, at a price of $0.75 per unit by way of private placement. Each unit consists of one flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $1.00 per share until December 14, 2008.  The company also issued 833,333 non flow through units at a price of $0.60 per unit by way of private placement. Each unit consists of one non flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $0.80 per share until December 14, 2008.  These securities issued are subject to a 4 month hold period expiring April 15, 2008.  Newmac also payed a finder's fee with regard to this private placement.

Also further to the news release dated December 5, 2007 the Company has received TSX Venture Exchange approval to the issuance of 1,000,000 flow-through units, at a price of $0.75 per unit by way of private placement. Each unit consists of one flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $1.00 per share until December 19, 2008.  The company also issued 415,000 non flow through units at a price of $0.60 per unit by way of private placement. Each unit consists of one non flow-through common share and one half of a non-transferable share purchase warrant to purchase an additional common share at a price of $0.80 per share until December 19, 2008.  These securities issued are subject to a 4 month hold period expiring April 21, 2008. Newmac also payed a finder's fee with regard to this private placement.

Also Newmac Resources has negotiated, subject to acceptance by the TSX Venture Exchange, a third private placement of up to $1-million with certain placees. This placement is in addition to the two private placements, which have already closed, and are mentioned in this news release.

These funds will be raised by the company issuing:

180,000 (FT) units at a price of 75 cents per FT unit, each FT unit consisting of one flow-through common share and one-half of a 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 $1 per share;

1,438,331 non-flow-through (NFT) units at a price of 60 cents per NFT unit, each NFT unit consisting of one non-flow-through common share and one half of a 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 80 cents 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. A finder's fee will be paid on a portion of the proceeds of this private placement with the same terms as the finder's fee for the Nov. 27, 2007, private placement.

Also, The TSX Venture Exchange has accepted for filing an option agreement dated Nov. 20, 2007, between Newmac Resources Inc., David J. Bridge and William Howell, whereby the company will acquire a 100-per-cent interest in the Moira molybdenum project located 18 kilometres northwest of Clearwater, B.C.   Total consideration consists of $5,000 in cash and 50,000 shares of the company, these shares will be issued with a hold period expiring April 15, 2008.   In addition, there is a 2-per-cent net smelter return relating to the acquisition.

Respectfully submitted
ON BEHALF OF THE BOARD

“David Schmidt”

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.

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