NRI Newmac Resources Inc.
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News

Corporate Update

July 9, 2009

Newmac Resources Inc. (TSX-V: NER) is pleased to update shareholders on the current status on all of its exploration efforts.  The company is also actively investigating several new opportunities in North America and South Korea.  Newmac currently has approximately $1.3 million in cash and receivables from the BC government, and no significant work commitments.

Crazy Fox

Newmac’s main project is the Crazy Fox property located about 100 km north of Kamloops BC. The discovery of high-grade molybdenum in late 2007 led to an extensive drilling program in 2008. To Date, approximately 14,000 meters (46,000 feet) of drilling has been completed at Crazy Fox.

Selected drill results include

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

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

Management believes that Crazy Fox is a significant molybdenum-tungsten discovery and that further drilling to the south can extent the already significant 800 m of strike length.  Geophysical and geochemical targets to the south east of the main Crazy Fox discovery indicate the possibility of finding additional mineralization closer to surface and at depth. The Company is evaluating the timing of additional drilling within the context of poor economic and market conditions and current low prices for molybdenum. Longer term predictions for a rebound in molybdenum prices are encouraging to the long-term value of this discovery.

The extensive drilling and work programs that have been carried out by Newmac at

Crazy Fox means that work commitments at all but one of the claims are in good standing until 2019.

The Company is very pleased with the work it conducted in 2008 defining an area of high grade molybdenum mineralization at depth over a strike length of 800 m (please see News release September 23, 2008), The company will continue to explore the Crazy Fox property`s near surface potential with prospecting and soil sampling.

Moira

The company is encouraged with results from a magnetic survey conducted late last summer on two mineral claims.  This property consists of seven mineral claims totaling 3181.3 hectares.  Using knowledge obtained from exploration on the Crazy Fox property the company plans to conduct further prospecting on the property to determine any future programs.

Raft

Work was filed on the Raft project after some very early stage prospecting was completed last summer.  With recent logging activity in the area of the claims more prospecting is planned for this summer.

Chilanko

Following the 2007 drill program and continuing into 2008, an extended IP program was completed on the Chilanko property.  In 2009, Geoscience BC released results of a regional sampling geochemical survey that demonstrated potential for the Chilanko area.  The Company is currently evaluating its options with regard to this property.

Lynx

The Lynx property is located 2.5 km south west of the Crazy Fox project. Four mineral claims were staked when a number of gold, copper and silver showings came open.  After reviewing historic data, (currently underway) the company plans to conduct a prospecting program to map the property.

River

The River property consists of three mineral claims totaling 994.58 hectares in the Nanaimo Mining Division, Vancouver Island, British Columbia.  The property is located 18 kilometers south of Woss, a logging community about 50 km southwest of Port McNeil, in the north central part of Vancouver Island

The property is traversed by several logging and old logging railroad grades.   Known mineralization consists of copper / silver and gold veins up to 15 cm thick in variably altered volcanic rock.   A grab sample of these veins returned 16.6% copper, 2.5 oz/ton silver and 0.03 oz/ton gold.   The known veins cover an area of approximately 750 meters by 750 meters.  This mineralization is peripheral to an area of magnetite masses and may be related to a Cu – Ag – Au porphyry deposit.

This project was staked by the company, and data is currently being reviewed and a prospecting program is being planned.

Garnet

The Garnet property consists of two mineral claims on crown land, totaling approximately 168 hectares in the New Westminster Mining Division, Fraser Valley, British Columbia.  The property is located approximately 8  kilometers northeast of the town of Agassiz in the Fraser Valley and about 3 km SE of Harrison Hot Springs . 

The property has several trails leading onto the property from well maintained roads.  Copper – silver and gold mineralization was mined from 1915 to 1916. Grab samples have returned mineralization of up to 15% copper, 5.4 oz/ton silver and 0.02 oz/ton gold. A sample of molybdenite bearing skarn yielded a Rhenium value of 1.37 ppm.

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

Respectfully submitted

ON BEHALF OF THE BOARD

“David Schmidt”

David Schmidt
President & CFO

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. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

For Further Information Contact David Schmidt, President at: (604) 688-3113