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Partial Assays Received 98 Metres Grading 0.33% MoS2 Intersected

January 7, 2008

Newmac Resources Inc. (TSX-V: NER) is pleased to announce partial assays from diamond drill hole CF07-41, drilled on the southwestern region of the Crazy Fox property located in south-central British Columbia one hundred kilometers north of the City of Kamloops.

Hole CF07-41 penetrated a low angle (thrust) fault at approximately 390 m (1280 feet) which previously, and further to the north, had formed the lower limit to molybdenum-tungsten mineralization. Below this fault CF07-41 encountered mineralized intrusive rocks to the bottom of the hole at a depth of 1021m (3349 feet). Results of the partial analysis now received are as follows:

Hole
07-41

From
(m)

To
(m)

Width (m)

MoS­2­
(%)

Mo
(%)

W
(%)

Intercept

494.7

748.7

254.0

0.22

0.13

0.010

Including

546.7

748.7

202.0

0.26

0.16

0.011

Including

650.7

748.7

98.0

0.33

0.20

0.011

Including 

668.7

740.7

72.0

0.37

0.23

0.011

Including 

682.7

722.7

40.0

0.47

0.28

0.011

Including 

708.7

722.7

14.0

0.96

0.58

0.005

Hole CF 07-41was designed to test the hypothesis that the lower limits to mineralization was a thrust fault and that a drill hole in the south western portion of the known mineralized body would intersect mineralized intrusive rock in the lower plate of the thrust extending the prospective area of molybdenum-tungsten mineralization for an unknown distance to the west, south and to depth.

Hole CF 07-41 was drilled westerly at -70˚. The hole was commenced on October 27 and encountered the thrust fault between 388.1 and 393.2 meters and was completed on November 25. The mineralization encountered can be described as both disseminated and stockwork in style, with 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 also been noted.

Please note the hole ended in mineralization at a depth of 1,021 m and that the results reported in this release are partial and will be recalculated upon receipt of the remaining analysis.

Two additional holes were attempted in December, CF 07-42 was collared east of CF 07-41 and was drilled westerly at –60 degrees on section with Hole CF 07-41, this hole was lost due to ground caving at 257.9 m, before reaching the thrust fault and the prospective lower plate to the fault. CF 07-43 was subsequently collared east of CF 07-41 and was also drilled westerly at –60 degrees. Hole CF 07-43 flattened substantially to an angle of » -43 degrees eventually piercing the thrust fault at a depth of 510.4 (»120 m south west of where CF04-41 pierced the fault).  CF04-43 encountered 29.6  m of molybdenum mineralization similar to CF04-41 before the hole was again lost due to ground caving.

Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a certified facility, using ICP-mass spectrometry methods (results have not yet been received for 537 metres of hole CF07-41; from 189 to 454 m and from 749 to 1021 m).

Newmac is preparing for an aggressive drill program, which will commence in January 2008.  More details will be released as they become available.

A number of photographs of the mineralization encountered have been posted to the company's website: www.newmacresources.com

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

Respectfully submitted
ON BEHALF OF THE BOARD

“David Schmidt”
David Schmidt
Director
Telephone (604) 681-1909

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