New Dimension Resources Ltd.

New Dimension Resources Ltd.

July 21, 2009 09:00 ET

Drilling Scheduled at New Dimension's Reese River Silver Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - New Dimension Resources Ltd. (TSX VENTURE:NDR) and its wholly-owned subsidiary Dimension Resources (USA) Inc. (the "Company" or "New Dimension") are pleased to announce that International Minerals Corporation (TSX:IMZ) ("International Minerals") has completed its legal due diligence and will, upon receipt of a drill permit, commence a 2,000 metre Phase I reverse circulation ("RC") drill program at New Dimension's Reese River Project (the "Property" or "Reese River") in Nevada (see NDR news release #09-03 dated April 2, 2009).

New Dimension has been notified by the Nevada State authorities that all requirements necessary to obtain a drill permit have been satisfied and the Company is in the process of posting the required reclamation bond.

The Phase I drill program is expected to commence in early August and will be supervised and managed by New Dimension, on a sub-contractor basis, with technical oversight by International Minerals. International Minerals is funding 100% of the cost of the drill program as detailed below.

"New Dimension is pleased to join forces with International Minerals and excited that a drill program will be conducted at Reese River, which we consider to have one of the best undrilled silver targets in Nevada," said Fred Hewett, President and CEO of New Dimension. "We look forward to this initial evaluation of Reese River, as it has taken two years of commitment and persistence by the Company's employees to acquire the Property and to successfully bring it to this stage."

Reese River Project - Background Information

New Dimension's Reese River Project is located near Austin, Nevada, with excellent access and infrastructure. The Company believes the property holds significant potential for both high-grade underground and open-pittable silver deposits.

The Reese River Project includes the Amador Canyon and New York Canyon priority target areas which, along with the intervening ground, cover over 4.5 square kilometres of very prospective geology. Within the property there are numerous historical mine workings with most of these positioned along a sedimentary-intrusive contact that hosts much of the known mineralization in the district. Reported historical silver production from the Austin District exceeded 20 million ounces with the majority of production coming from veins over a 30 year period, following the discovery of the district in 1862.

Although the New York Canyon area is the site of several historic underground bonanza silver mines, there is very little outcrop and all the underground workings are inaccessible. Surprisingly there has been no known modern exploration or any drilling on these historic high-grade targets. In addition to the historical underground vein mineralization, there is evidence for important wall-rock mineralization that could support an open pit operation. This evidence includes the results of 89 rock chip and representative dump samples collected by the Company over the main target area. All the samples reported anomalous silver with 21 of these assaying over 100 g/t with an average of 254 g/t silver and a range from 102 to 601 g/t silver. In addition, 39 one to three metre rock chip samples collected by the Company's consulting geologist averaged 60 g/t silver. Samples values ranged from 1 to 285 g/t silver and 10 grab samples from wall rock material collected from mine dumps averaged 160 g/t silver with a range of 32 to 485 g/t silver. A high silver value of 1,829 g/t was not used in the average.

Of the initial 2,000 metres of planned RC drilling, approximately half will be completed at New York Canyon as a preliminary test of a large 1,000 by 300 metre mineralized area hosting multiple historical vein feeder structures and potentially important wall rock mineralization.

In the Amador Canyon area, located approximately two kilometres to the northwest of New York Canyon, two styles of silver mineralization have been identified by the Company. One type is related to shallow-dipping shear zones developed on bedding planes that had limited drilling by another unrelated company in 2004. Reported results include 12.2 metres (drill width) of 286 g/t silver. The Company cannot verify the accuracy of these results.

A second type of mineralization is related to an easterly trending fault zone called the Amador Fault that extends approximately 1,000 metres along Amador Canyon. Both styles of mineralization saw significant historical mining activity as evidenced by numerous large mine dumps. The Company believes that the Amador Fault was an important feeder for these historical mines and the planned drilling will be the first modern test of its potential to host significant silver mineralization. In addition, a previously unknown gold zone was discovered by the Company several hundred metres east of the silver zone. Here two one-metre chip samples of altered sediments, exposed through cover approximately 50 metres apart, reported values of 9.8 g/t and 4.8 g/t gold.

The Amador Canyon area will also be drill tested, with six to eight RC drill holes totaling approximately 1,000 metres.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Thomas Burkhart, the Company's Vice President of Exploration, a director and a Qualified Person under NI 43-101.

Letter Agreement

As originally announced on April 2, 2009, International Minerals can earn a 60% interest in the Reese River Project by funding the 2,000 metre Phase I RC drill program within the first year of receiving a drill permit (as a firm commitment), and by undertaking an aggregate of US$1.0 million in exploration expenditures and maintaining the underlying property obligations over a four year period. International Minerals can acquire an additional 10% interest (for a total interest of 70%) by funding and completing a Feasibility Study within eight years.

As a result of International Minerals completing its legal due diligence and the Agreement receiving all necessary approvals, New Dimension has received US$10,000 and will receive an additional US$100,000 in cash or equivalent value in International Mineral shares (at the election of International Minerals) upon International Minerals earning a 60% interest in the Property.

Once International Minerals has earned its interest (either 60% or 70%), either party can be diluted to a 1.0% net smelter return ("NSR") royalty for non-participation in approved expenditures on the Property. International Minerals is the operator of the project, with New Dimension supervising managing, as a sub-contractor, the initial Phase 1 RC drill program.

About International Minerals

International Minerals is an emerging gold and silver producer, with an operating silver-gold mine (Pallancata) in Peru and two gold development projects in Ecuador together with a strong balance sheet that includes cash and short term investments of approximately US$45 million.

About New Dimension Resources

New Dimension is engaged in the acquisition, exploration and development of quality exploration opportunities throughout the Americas. Currently, the Company's exploration activities are focused on mineral properties situated in Nevada. The Company also maintains strategic properties in Canada and South America, including the Cenepa Project, which is located along the Ecuadorian border in northern Peru, and covers the projection of a 20 kilometre long north-south trending mineral belt that features Kinross Gold Corp.'s (K-TSX) Condor Project and the Fruta Del Norte gold discovery.



Fred G. Hewett, P.Eng., President & CEO

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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