New Dimension Resources Ltd.

New Dimension Resources Ltd.

May 08, 2008 09:00 ET

New Dimension Acquires Gold Project Near Past Producing Mine in Western Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - New Dimension Resources Ltd. ("New Dimension" or the "Company") (TSX VENTURE:NDR) is pleased to announce that it has entered into an agreement with Gryphon Gold Corporation (TSX VENTURE:GGN)(OTCBB:GYPH) to acquire up to 65% interest in the East Walker Gold Project located in western Nevada. The property covers an attractive precious metal target within the Walker Lane mineral belt, approximately 20 kilometres west of the past producing Borealis gold mine. The property is in an area of Nevada well served by roads and an adjacent power line.

The East Walker claims overlie a linear zone of intensely altered and silicified volcanics measuring approximately 750 by 100 metres in size. The priority target area is projected under younger cover and remains open in three directions. In the 1980's work by others within the area of alteration defined a significant rock-chip anomaly greater than 300 ppb gold with numerous samples exceeding 1 g/t gold with a high of 2.6 g/t gold. Earlier work also included two trenches averaging 3.4 g/t gold over 24 metres and 1.1 g/t gold over 12 metres. In the same area, seven three metre long chip samples taken by the Company returned values between 0.03 g/t and 1.50 g/t gold. Confirmation grab sampling conducted by Gryphon Gold within the trench area returned values between 0.42 g/t and 4.9 g/t gold. In addition, historic drilling north of the target zone reportedly obtained values of up to 1.49 g/t gold.

Historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. The Company has no way of verifying the results and the historical data should not be relied upon.

The East Walker Project is well positioned within a highly mineralized metallogenic province of Nevada and the Company believes the property could host important gold mineralization. Historic production from the nearby Borealis Mine was reportedly 600,000 ounces of gold. Borealis is currently undergoing a feasibility study by Gryphon Gold who has reported a resource inventory of 1,422,500 ounces of gold in the measured and indicated category and 1,104,500 ounces gold in the inferred category, from 85,900,000 tons grading 0.029 ounces of gold per ton.

The Company will complete additional field work on East Walker Project to better define specific target areas and will complete the permitting requirements necessary to conduct a preliminary drill program.

New Dimension can earn a 51% interest in East Walker by making an initial $10,000 cash payment, issuing 75,000 shares to Gryphon Gold, and completing $120,000 in exploration within two years. Upon earning 51%, the Company can increase its interest to 65% by completing an additional $250,000 of work over a second two year period.

The Company's exploration programs are under the supervision of Thomas Burkhart, the Company's Vice President of Exploration, and a Qualified Person under NI 43-101.

About New Dimension Resources

New Dimension Resources Ltd. 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, Manitoba and Peru, with drilling planned for the Domain gold property in Manitoba and the Reese River silver property in Nevada.



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 the Company's Sedar filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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