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Exciting New Assays - 357 M (1171 Ft) Of 0.12 Mos2 Mineralization Now Extends Over 500 M Drilling Continues

July 23, 2008

Newmac Resources Inc. (TSX-V: NER) is pleased to announce that drilling continues on the Crazy Fox Molybdenum Project, favourably located 100 km North of Kamloops, British Columbia.

Assays have now been received from hole CF08-56, Assays from the hole, extend the mineral zone over 500 m North-South.  A summary of results from hole CF08-56 is as follows:

Hole

From

To

Interval

Interval

MoS2

Mo

W

CF07-56

(m)

(m)

(m)

(ft)

(%)

(%)

(%)

Intercept

642.0

999.0

357

1171

0.12

0.07

0.01

Including

752.4

871.0

118.6

389

0.22

0.13

0.01

Including

752.4

817.0

64.6

212

0.30

0.18

0.001

Including

801.0

817.0

16

52.5

0.83

0.50

0.001

CF08-56 was collared 430 m south of hole CF07-41 and drilled on 255 degrees azimuth at –75 degrees.  The hole curved northwards with depth.  Hole CF 08-56 intersected some of the highest grade intercepts seen on the property to date.  The Company is very encouraged by these results. Additional drilling continues to dramatically expand the known mineralized zone.

The discovery of high grade mineralization in hole CF 08-56, extends known higher grade mineralization over  500 m  along strike from mineralization discovered in CF07-41, the deep discovery hole.

Hole CF 08-57 is currently being drilled from a collar 225m South of Hole CF 08-56 (725 m south of the discovery hole CF07-41).  Assays from CF 08-57 will be released as they are received.

A detailed geophysical (magnetometer) survey has now been completed, It is hoped that it will help to determine areas of additional mineralization.  The data is currently being processed.

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

CF08-47 was collared 350 m west of  hole CF07-41 and drilled to the east at –80 degrees.  Hole CF08-47 curved to the south as it was drilled, CF07-41 curved to the north, the two mineralized intersections are between 90 m and 150 m apart (Reported previously).

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

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.