Mr. Ryan Jackson reports

NEWLOX GOLD STARTS COMMISSIONING AT PLANT 2

Newlox Gold Ventures Corp., following the connection of high-voltage power, has completed testing of equipment at its Boston project (plant 2) in Costa Rica and has started commissioning work in anticipation of commercial operations.

During the first week of February, Newlox Gold's engineering team worked in partnership with technicians from the state-owned Costa Rican power company to test power systems at the company's processing plants and ensure a successful start-up of equipment. Having confirmed nominal performance of all electrical circuits, the operations team moved on to equipment testing last week.

Management is pleased to report that the crushing and milling equipment is now operating, and the operations team have advanced to the commissioning stage. Over the coming weeks, mineralized material will start to be processed at the Boston project while testing and fine-tuning of all plant equipment are under way.

The Boston project is slated to become the company's second environmentally and socially responsible precious metals project in Costa Rica. The project will process feedstock newly extracted from the Boston mine by the company's local mining partners. At full scale, Newlox will operate the new Boston mill to process 150 tonnes per day of material grading plus/minus 15 grams per tonne gold with an anticipated gold recovery of 90 per cent. All feedstock is to be provided by the company's mining partners, with profits to be split evenly between the parties.

"We are delighted to report that the equipment at plant 2 is now operating, and the first rock has been processed through the crushing and milling circuit. Commissioning work is now under way at the Boston project and the company will be providing updates to the market as this procedure advances towards the start of commercial operations," commented Ryan Jackson, chief executive officer of Newlox Gold Ventures.

Technical disclaimer

The company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any news release are not necessarily indicative of the mineralization in general for the deposit. James Turner, PGeo, a qualified person within the meaning of National Instrument 43-101, has prepared, supervised the preparation and approved the contents of this news release.

We seek Safe Harbor.