Mr. Ryan Jackson reports

NEWLOX GOLD ANNOUNCES FIRST MINERALIZED MATERIAL PROCESSED AT PLANT 2, "THE BOSTON CLEAN GOLD PROJECT"

Newlox Gold Ventures Corp. has provided an update on commissioning at Project 2 -- the Boston clean gold project.

Ryan Jackson, chief executive officer, is pleased to announce that the company has started feeding mineralized material through its second, larger plant in Costa Rica.

The project will process feedstock freshly extracted from the Boston mine by the company's local mining partners. At full capacity, the new Boston mill will handle up to 150 tonnes per day of material grading plus or minus 15 grams per tonne of gold, with an expected gold recovery rate of at least 90 per cent. All feedstock will be supplied by the company's local mining partners, with profits to be shared equally between the parties after expenses.

The commissioning of this project is expected to add significant production to Newlox Gold's Costa Rican operations, provide local miners with enhanced income, and displace inefficient and environmentally damaging mercury-based artisanal gold processing in the area. The Boston project is set to pour its first gold as soon as commissioning is complete and deliver increasing productivity during the remainder of the year.

Since the commencement of the commissioning stage at the Boston project in late February, Newlox Gold's operations team has been diligently testing and commissioning the dry side of the processing plant. This includes the loading, material handling, crushing, grinding and classification systems, all of which are crucial components of the project's success. Importantly, these systems represent the majority of the energy requirements of the processing plant, and successful testing and commissioning of the dry side of the processing plant have confirmed stable and adequate electrical power from the Costa Rican power grid following the installation of upgraded electrical systems at the end of January.

This week, Newlox Gold's Boston project operators have moved ahead to the wet side of the processing plant, which includes the concentration and dissolution of precious metals into solution, loading of dissolved precious metals into activated carbon, elution of those metals from the carbon into pregnant leachate, and electrowinning of high-purity precious metals before final smelting into dore bars for sale. This final step of commissioning of the Boston project will improve and determine the final efficiency of the company's metallurgical solution for ore sourced from the company's local mining partners.

Newlox's local mining partners are preparing for increased mining operations to support the anticipated requirements of the Boston project as it grows revenues through greater productivity throughout the year.

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 press 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 of, and approved the contents of this news release.