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72 Meters of 0.41% Molybdenite Intersected Drilling Continues with Two Diamond Drills

March 31, 2008

Newmac Resources Inc. (TSX-V: 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 CF08-44, CF08-47, and CF08-48.  The company is particularly encouraged by hole CF08-47, which collared 350 m east of hole CF07-41 and drilled to the east at –80 degrees.  Hole CF08-47 curved to the south as it was drilled, and CF08-41 curved to the north, therefore the two mineralized intersections are between 90 m to 150 m apart.

Hole

From

To

Interval

Interval

MoS2

Mo

W

CF08-47

(m)

(m)

(m)

(ft)

(%)

(%)

(%)

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

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 been previously noted.

Holes CF08-44 and CF08-48, as part of a process of drilling several holes in different orientations to determine the geometry of the high grade discovery intercept obtained in hole CF07-41, both encountered molybdenum and tungsten mineralization, but to a lesser degree than encountered in CF07-41 and CF 08-47. 

CF08-44 was collared 129 m east of CF07-41 and is believed to have passed over the top of the high grade mineralization zone. The hole encountered several small intersections of molybdenum mineralization up to 0.17% MoS2.  The hole was also consistently mineralized at a lower grade  of 0.07% MoS2 over 144 meters from 513 m to 657 m.

CF08-48 was drilled at –80 degrees at an azimuth of 312 degrees from a collar located 217 m azimuth 292 degrees from the collar of CF07-41. This hole also drilled above the known high grade mineralization, and exited the lower half of the intrusion at 484 m. Only low grade molybdenum was encountered, which graded 0.07% MoS2 over 44 meters from 399 m to 443 m.  Low grade assays have also been received from hole CF07-43 from immediately below the thrust fault, where the hole was lost after piercing the fault.

Drill holes CF08-45 and CF08-46 were lost before reaching the thrust fault. 

The company is currently drilling with two diamond drills with the goal of adding to the northern and southern strike length of known mineralization.

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 1021m (3349 feet). Summary results for the hole are as follows:

Hole

From

To

Interval

Interval

MoS2

Mo

W

CF07-41

(m)

(m)

(m)

(ft)

(%)

(%)

(%)

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

Hole CF 07-41 intersected mineralized intrusive rock in the lower plate of a thrust fault extending the prospective area of molybdenum-tungsten mineralization for an unknown distance to the north, west, south and to depth.

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
David Schmidt
President
Telephone (604) 688-3113

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.