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Press release from Marketwire

Newton Energy Corporation Announces Extension of a Farm-in Agreement on Two Deepwater Blocks in the Gambia in West Africa

Thursday, October 11, 2012

Newton Energy Corporation Announces Extension of a Farm-in Agreement on Two Deepwater Blocks in the Gambia in West Africa17:03 EDT Thursday, October 11, 2012CALGARY, ALBERTA--(Marketwire - Oct. 11, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") announces that further to its press release of August 27, 2012, the requirement in the farm-in agreement (the "Farm-In Agreement") with Buried Hill Gambia BV ("Buried Hill") that Newton will have until September 30, 2012 to demonstrate to the satisfaction of Buried Hill that the potential investors in and lenders to Newton are reasonably likely to provide sufficient funds to enable Newton to meet its financial obligations under the Farm-In Agreement, has been extended.About Newton Newton is an oil and gas company with existing operated licenses in the onshore East Midlands Oil Province in the United Kingdom. Newton maintains offices in London, England and Calgary, Alberta.ADVISORY Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", and similar expressions, are forward-looking statements that represents management of Newton's internal projections, expectations or beliefs concerning, among other things, the ability of Newton to complete a financing and meet the other conditions precedent of the Farm-In Agreement. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Newton's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Newton's filings with the Canadian securities authorities. Accordingly, holders of Newton's shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation. FOR FURTHER INFORMATION PLEASE CONTACT: Steve EngwallNewton Energy CorporationCEO+44 797 122 4675steve.engwall@newtonenergy.caOR200, 638-11th Avenue S.W.Newton Energy CorporationCalgary, Alberta T2R 0E2Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.