Newmac Resources Inc. (TSX-V: NER; Frankfurt: N3M) has entered into a consulting agreement in Europe. The consultant shall provide public relations advisory services to the company, inclusive, but not limited to, completing a comprehensive communications program to introduce the company to German-speaking financial audiences of Europe. In consideration for the services, the company will pay to Pascal Geraths Gesellschaft Fur Presse-Und Offentlichkeitsarbeit MBH Company No. 261358A (the consultant) a fee in the amount of 7,500 euros per month and reimburse all reasonable expenses. The term of the agreement is for six months commencing on February 22, 2006, and is subject to a 30-day termination clause by either party. This agreement is subject to TSX Venture approval. Newmac Resources is also granting 100,000 stock options to Pascal Geraths Gesellschaft Fur Presse-Und Offeentlichkeitsarbeit MBH Company No. 261258A. These options are issued pursuant to a company stock option plan and subject to filing with the regulatory authorities. The options may be exercised at a price of $1.50 per common share for a 5 year period subject to certain vesting provisions.
ON BEHALF OF THE BOARD
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, email: [email protected], www.newmacresources.com