NNP New North Projects Ltd

CALGARY, Aug. 29, 2013 /CNW/ - NewNorth Projects Ltd. ("NewNorth") (TSXV:NNP) today announced its financial results for the six months ended June 30, 2013.

Mr. Greg Herndier, President and Chief Executive Officer of NewNorth, reports net income after tax for the first half of 2013 is $303,000.

After tax income per share, basic and diluted is $0.03.

Select information:

• NewNorth's interest in the Kinniburgh South Limited Partnership was sold on May 7, 2013.  The gross proceeds from the sale were $3,500,000.

NewNorth is an integrated land and building development corporation operating in 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.