New Dimension Resources Ltd.

New Dimension Resources Ltd.

July 16, 2007 08:30 ET

New Dimension Acquires Large Land Position in Reese River Silver District, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2007) - New Dimension Resources Ltd. ("New Dimension") (TSX VENTURE:NDR), is pleased to announce that it has acquired, through lease/option agreements and staking, a large portion of the Reese River Mining District (also known as the Austin District) located in central Nevada. The land package was acquired to cover the New York Canyon and Amador Canyon areas that have seen considerable historical silver production. New Dimension technical staff believes that there is significant potential on the claims for both high grade underground and bulk mineable silver deposits. A surface evaluation program to advance the property to the drill ready stage will commence immediately on the approximately six square kilometre project.

New York Canyon was the site of major underground mining of high-grade silver during the 1880's. The Company's research of historical records shows that approximately 10 million ounces of silver production came from the area with average grades of the mines between 50 and 100 ounces per ton of silver. In the 1980's large waste dumps that reportedly averaged 8 ounces per ton of silver were processed at a local mill. The Company has not verified this information. A consulting geologist associated with the Company has taken thirty-nine chip samples over one metre widths in New York Canyon that averaged 60 g/t silver. In addition, 10 grab samples from remaining mine dumps averaged 160 g/t silver with this average not including a high value of 1,829 g/t silver. No known drilling or modern exploration has been conducted on the claims.

Amador Canyon lies approximately two kilometres to the northwest of New York Canyon. This area was also mined during the 1880's. In 2004, limited drilling by another company reported results which included a 12 metre intercept averaging 286 g/t silver. Much of the Amador Canyon target area has seen no modern exploration activity and multiple target areas remain to be tested.

The Company's main target of interest at Reese River is the contact zone between intrusive rocks and overlying sediments. Historic production within the claim blocks was mainly confined to favorable reactive host sediments at or near this contact and within veins that cut both the intrusive and sediments. The contact zone is a structurally disrupted area that facilitated the introduction and disbursement of mineralizing solutions. This favorable environment which exists over several square kilometres has never been explored. No known drilling has been conducted on or around the patented ground in New York Canyon nor has there been any known drilling to test the favorable contact environment at Amador Canyon.

The Company can acquire its interest in the 23 optioned New York Canyon patented claims by a lease agreement with annual payments and a 3% Net Smelter Royalty. The NSR can be reduced to 1% by paying the lessor US$3 million. The Company can also earn a 100% interest in a block of 24 unpatented claims that cover much of the Amador Canyon zone of mineralization. This agreement allows the Company to earn its interest by making annual payments and issuing shares of the Company over five years. The vendor retains a 3% NSR, with the Company having the right to purchase two of the three percentage points for US$2 million. The agreements are subject to board and regulatory approval. In addition to the above two agreements, the Company has staked 45 claims to tie the New York Canyon and Amador claim blocks together and cover additional areas of exploration potential. All of the Company's ground is contiguous.

Exploration on the project is under the supervision of Thomas Burkhart, the Company's Vice President Exploration, and a Qualified Person under NI 43-101. The Company maintains a quality control program consistent with industry standards.

The acquisition of the Reese River Project is a continuation of New Dimension's philosophy of acquiring and exploring quality exploration opportunities in the Americas.



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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