New Dimension Resources Ltd.

New Dimension Resources Ltd.

January 18, 2010 08:01 ET

New Dimension Provides Update on Cenepa Gold Project, Peru

Company Engages Local Prospecting Team to Begin Reconnaissance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to provide an update on the Cenepa gold project in northern Peru. The Project covers the very attractive geological terrain adjacent to the Kinross Gold Corp. ("Kinross") Condor Project and Fruta del Norte gold deposit in Ecuador (please click to view map:

During the first week of January, Tom Burkhart, V.P. of Exploration for New Dimension participated in several meetings in Lima Peru with various parties and stakeholders currently active in northern Peru along the border with Ecuador. Mr. Burkhart reports that results of the meetings were very positive and provided the Company with significant insight on how best to address several key issues including exploration logistics, social networking, various planning and access options to the Cenepa Project. Mr. Burkhart also reports that he was successful in establishing contact with a local community leader from the Cenepa region who was very helpful in providing essential information on the area and the communities that reside within the Cenepa boundaries. The Company has engaged this community leader and his associates to serve as a scouting party to enter the Cenepa claims with the objective of identify access routes into the claims and locating possible mineral occurrences. These individuals have prospecting experience and will obtain samples from any mineralized areas that are identified. The individuals left for the property on January 12th. This development with the local community is an important step in developing community relations and gaining key information for the Company's short term course of action on advancing its Cenepa Project.

The Cenepa Project is comprised of ten mining concessions totaling approximately 9,000 hectares in northern Peru along its border with Ecuador. The concessions, staked by Minera NDR Peru ("NDR Peru") in 2006, cover the projection of a 20 kilometre long north-south trending mineral belt that includes Kinross' Condor Project and the Fruta del Norte gold discovery. The Company has verified title for six concessions and anticipates title for the remaining four concessions shortly.

The Condor Project is situated in Ecuador near the Peruvian border and was acquired by Kinross in September 2008 through the acquisition of Aurelian Resources Inc. The Kinross property includes a NI 43-101 compliant Inferred Mineral Resource at Fruta del Norte consisting of 58.9 million tonnes grading 7.2 g/t gold and 11.8 g/t silver containing 13.7 million ounces of gold and 22.4 million ounces of silver. Kinross currently have 4 drill rigs active on the project and intend to complete a pre-feasibility study in 2010.

Also within the Condor Project is the Aquas Mesas Sur prospect, which includes an announced drill intercept of 51.06 g/t gold over 9.2 metres. This prospect is the southern-most known gold occurrence within this newly emerging gold belt and is located only five kilometers north, and on trend with, NDR Peru's Cenepa concessions. Although there has been very limited exploration work in Peru where the mineral trend crosses the border, the Company believes the area is geologically highly permissive for the discovery of significant gold deposits.

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.



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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