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Real Estate News Releases
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(EMAILWIRE.COM, February 27, 2009 ) Toronto, Ontario - New Dawn Mining Corp. (TSX: ND) announced that its 100% owned Turk Mine in Zimbabwe is moving from care and maintenance to active mine development. The decision by management is a result of the recent positive changes to the Monetary Policy in Zimbabwe made by the Reserve Bank of Zimbabwe, whereby gold producers can both market and sell their gold directly and that they are able to retain 92.5% of their gold sales in foreign exchange (see previous Company press release dated February 5, 2009).
New Dawn has recently completed a detailed review of its operations in Zimbabwe in terms of manpower, skills, safety, mechanical status and consumable availability. Management has determined that the proposed working areas have now been reviewed, and that they are safe, supported and operational. Drill, blast and hoisting machinery have all been checked and are operational. The Company has sufficient crews totaling approximately 550 experienced workers available to commence mine development to hoist and mill mineralized development ore. New Dawn targets hiring an additional 10 to 15 jack hammer crews from the local district over the next 6 to 12 weeks in order to accelerate further development work.
Extracted development ore will remain stockpiled at the mine, waiting future processing, as the Company moves to establish the process for selling its gold based on the new rules outlined in the recent Monetary Policy Statement.
Subject to the full implementation of the recent changes in the Monetary and Fiscal regime in Zimbabwe, in due course New Dawn anticipates moving into a full mining mode and will provide a further update at the appropriate time.
In commenting on this positive news, the Company President and CEO Ian R. Saunders, stated, “We are very pleased to announce this positive move to resume mine development, and we look ahead to reporting continuing progress to our shareholders as we move toward full operations and the return to generating free cash flows at our Zimbabwe operations.”
About New Dawn Mining Corp
New Dawn Mining Corp. is a junior gold company concentrating its efforts in southern Africa. The Company is well established there with three mines, two production facilities, a skilled and experienced workforce and significant resources.
Two recent NI 43-101 reports documented an aggregate of 969,546 ounces of gold reserves and resources grading between 2.9-6.1 g/t, with additional inferred mineral resources of 355,873 ounces of gold grading between 3.90 - 5.91 g/t. Reserves and Resources are based upon a 2.45 g/t cut-off and US$875/oz gold price at the Turk and Angelus Mines and a 2.0 g/t cut-off at US$750/oz gold price at the CompanyÂ’s Blue Dot Property. For further information on the CompanyÂ’s gold reserves and resources, visit the CompanyÂ’s website at www.newdawnmining.com or filed on SEDAR at www.sedar.com .
New Dawn wholly owns the Turk and Angelus Mines in the upper southwest area of Zimbabwe, with a production facility currently capable of processing up to 400 tonnes per day or 12,000 tonnes per month; and owns a 74% interest in the Blue Dot Property in South Africa, with a production facility there rated at 180 tonnes per day or 5,500 tonnes per month. The Company maintains a highly experienced work force of over 800 people.
The Company has additional assets that form a portfolio of exploration properties, and include the Consolidated Bubi Gold Fields, consolidated Midlands Gold Fields and consolidated Shurugwi Gold Fields properties, all of which are located in Zimbabwe.
The TSX has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
The contents of this news release were supervised and reviewed by Ian R. Saunders, B.Sc., who is President, Chief Executive Officer, and a Director of New Dawn Mining Corp., and who is a Qualified Person within the meaning of NI 43-101.
For Further Information:
Investor Relations Contact: Richard Buzbuzian, +1 416.585.7890
President and Chief Executive Officer: Ian R. Saunders +1 416.585.7890
Visit us on the internet: http://www.newdawnmining.com or
Email us at: info@newdawnmining.com
Special Note Regarding Forward-Looking Statements: Certain statements included or incorporated by reference in this news release, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe," "expect," "anticipate," "contemplate," "target," "plan," "intends," "continue," "budget," "estimate," "may," "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of gold production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the CompanyÂ’s actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, risks relating to reserve and resource estimates, gold prices, exploration, development and operating risks, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs and dependence on key employees. See "Risk Factors" in the CompanyÂ’s May 29, 2008 Prospectus. Due to risks and uncertainties, including the risks and uncertainties identified above, actual events may differ materially from current expectations. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this Management Discussion and Analysis and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.
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New Dawn Mining Corp
Richard Buzbuzian
+1 416.585.7890
info@newdawnmining.com 
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