Newlook Announces Settlement With Wireless Age

Newlook Industries Corp. ("Newlook" or the "Company") (TSX VENTURE:NLI) today
announced that as part of an overall restructuring, the Company has agreed to
the terms of a debt settlement agreement (the "Settlement Agreement") with its
former subsidiary, Wireless Age Communications, Inc. ("Wireless Age") (PINK
SHEETS:WLSA). As part of the Settlement Agreement, the Company intends to change
its name, as Wireless Age plans to adopt a slight variation of Newlook's name.


As first announced on November 18, 2009, Newlook and Wireless Age had agreed on
terms of debt settlement totaling approximately $6,300,000 between the two
parties, subject to regulatory and corporate approvals. Pursuant to the terms of
the proposed Settlement Agreement, Wireless Age would forgive a portion of the
debt, provided sufficient cash was paid by Newlook to Wireless Age to comply
with a debt settlement agreement with the trustee in receivership of its former
subsidiaries. Recently announced negotiations by Wireless Age with the trustee
have materialized into revised settlement terms for the remaining balance of
$600,000 to be paid by Wireless Age by September 30, 2010.


Newlook also announces its intent to reduce its ownership in Wireless Age to
approximately 20%, through the cancellation or transfer of shares to third
parties in order to address anticipated transactional obligations in Wireless
Age.


Wireless Age has continued its negotiations for exclusive rights to certain
waste-to-energy technology and the rights to participate in Sunbay Energy plasma
gasification projects in the United States. Furthermore, Wireless Age plans to
own 20% of Sunbay Energy's Canadian projects as well as develop Sunbay projects
in the United States. Wireless Age anticipates that the Sunbay opportunities in
Canada and the United States will benefit from synergies with its recently
announced transaction to create an American sales agency to market
Canadian-built mobile waste handling equipment such as vehicles, bins, dumpsters
and other waste-related metal products through exclusive marketing and sales
rights for Fanotech Manufacturing Group ("Fanotech") products in the United
States.


As Newlook intends to complete a private placement into Copernic, Inc.
(NASDAQ:CNIC) as announced on February 12, 2010, as well as maintain a stake in
Sunbay Energy and Fanotech through its existing ownership in Wireless Age, the
Company is cancelling its Change of Business strategy announced on December 29,
2009.


The abovementioned transactions are subject to corporate and regulatory approvals.

Newlook Industries Corp., headquartered in King City, Ontario is a publicly
traded company listed on the TSX Venture Exchange.


For more information please call (416) 833-3072 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content,
prepared this press release. This press release contains forward-looking
statements relating to future events and results that are based on Newlook's
current expectations. These statements involve risks and uncertainties
including, without limitation, Newlook's ability to successfully develop and
market its products, consumer acceptance of such products, competitive pressures
relating to price reductions, new product introductions by third parties,
technological innovations, and overall market conditions. Consequently, actual
events and results in future periods may differ materially from those currently
expected.

Newlook Industries Corp (TSXV:NLI)
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