Mr. Lawrence Hay reports

NEW EARTH RESOURCES ANNOUNCES PRIVATE PLACEMENT

New Earth Resources Corp. will be conducting a non-brokered private placement, under which it will raise aggregate gross proceeds of up to $1.75-million.

The offering will consist of the issuance of up to two million units at a price of 37.5 cents per unit for gross proceeds of $750,000 and up to 2,222,222 flow-through units at a price of 45 cents per flow-through unit for gross proceeds of up to $1-million. Each unit will consist of one Class A common share and one share purchase warrant (each entitling the holder to purchase one share at a price of 50 cents per share for a period of 36 months from the date of issuance). Each flow-through unit will consist of one flow-through share and one share purchase warrant (each entitling the holder to purchase one share at a price of 60 cents per share for a period of 36 months from the date of issuance).

The company intends to use the proceeds from the sale of the units for general working capital. The proceeds received by the company from the sale of flow-through units will be used to incur eligible Canadian exploration expenses (CEE) that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)) on the company's mineral exploration properties located in Canada.

The company may pay finders' fees and may issue finder warrants in connection with the offering. Securities issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Insiders of the company may participate in the offering.

About New Earth Resources Corp.

New Earth Resources is a Canadian-based mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100-per-cent-owned, past-producing Lucky Boy uranium property located in Gila county, Arizona, United States. Consisting of 14 lode claims and spanning approximately 273 acres, the Lucky Boy project covers a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s. In addition to Lucky Boy, included in the company's uranium portfolio are three claims located in Saskatchewan, Canada, covering 365 hectares.

The company also has the option to acquire a 100-per-cent interest in 23 claims covering approximately 1,101 hectares in the Strange Lake area of Quebec, Canada, known as the SL project, which is prospective for rare earth elements. In addition, the company has the option to acquire a 100-per-cent interest in the Red Wine rare earth project, comprising two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares.

We seek Safe Harbor.