Heh. Found error.
Problem is in News Generator module or in Easy Smilies module. And i dunno which of them is more correct.
To fix in News Generator module, move this line before query.
require PUN_ROOT.'include/parser.php';
And to fix in Easy Smilies, change $result to $smilie_result in parser.php:
$result = $db->query('SELECT * FROM '.$db->prefix.'smilies') or error('Unable to retrieve smilies', __FILE__, __LINE__, $db->error());
while ($db_smilies = $db->fetch_assoc($result))