Newnorth Projects Ltd. announces closing of sale of interest in Kinniburgh South Limited partnership

CALGARY, May 7, 2013 /CNW/ - NewNorth Projects Ltd. ("NewNorth" or the "Corporation") (TSX VENTURE: NNP) is pleased to announce that it has completed its previously announced sale of its interest in the Kinniburgh South Limited Partnership as detailed in the Corporation's Notice of Meeting and Proxy Statement and Information Circular dated April 1, 2013 and approved by shareholders on April 30, 2013.

NewNorth is an integrated land and building development corporation operating in the province of Alberta.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: NewNorth Projects Ltd.

For further information:

please contact Mr. Greg N. Herndier, Chief Executive Officer or Mrs. Shannon Cook, Controller at (403) 531-0280.

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