NewNorth Projects Ltd. 10% Debenture

CALGARY , Jan. 6 /CNW/ - NewNorth Projects Ltd. (NNP.TSX) today announces the payment of annual interest totalling $545,535.06 on the existing 10% Unsecured Redeemable Subordinated Debenture paid on or about December 22, 2009 to debenture holders of record at December 8, 2009 . The Debenture trades on the TSX Venture Exchange under the symbol NNP.DB.

NewNorth Projects Ltd is an integrated land and building development company operating in Alberta and the Northwest Territories.

For further information: Mr. Greg N. Herndier, President and Chief Executive Officer or Mrs. Shannon Cook, Controller, at [phone]