Newlox Gold Ventures Corp. announced that the company has signed a letter of intent for the acquisition of 100% of the assets of Cordillera Gold Ltd. Additionally, Newlox will benefit from Management and Advisory Appointments, postclosing of the Transaction: Dr. Scott Jobin-Bevans joins the team as Vice President, Geology Dr. Jobin-Bevans has more than 25 years of experience in the mineral exploration industry and is currently Chairman and CEO of Caracle Creek International Consulting. Mr. Rob Fia and Mr. Tim Peterson to join Dr. Marcello Veiga as Advisors to the Company.

Rob Fia is Co-Head Corporate Finance of Kingsdale Capital Markets Inc., an investment dealer. Mr. Fia has over 14 years' experience in the investment business, including both equity research and corporate finance. Mr. A. Timothy Peterson has over 35 years of executive experience managing private and public companies.

From 2003 to 2007, Mr. Peterson served as a Member of the Provincial Parliament of Ontario of Mississauga South.