New Dimension Resources Ltd.

New Dimension Resources Ltd.

March 05, 2007 08:00 ET

New Dimension Acquires Significant Gold-Silver Project in Walker Lane District, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - New Dimension Resources Ltd. (TSX VENTURE:NDR) is pleased to report that it has acquired the GV3 gold-silver property located in Mineral County, approximately 21 kilometers northwest of Gabbs, Nevada.

The GV3 property is situated within the eastern limits of the Walker Lane mineral belt, approximately midway between the past-producing Rawhide mine (reportedly 1.7 million ounces gold, 17 million ounces silver) and the Paradise Peak mine (reportedly 1.5 million ounces gold, 50 million ounces silver).

The 350 hectare property is centered over a 300 metre wide by 800 metre long exposure of altered and mineralized felsic schist with gold values up to 2.14 g/t and silver values up to 1,005 g/t associated with zones of quartz veins, breccias and stockworks. There is no evidence of drilling or other previous modern exploration activity. Untested mineralized outcrops of this magnitude are rare in Nevada and New Dimension is extremely pleased to have acquired such a geologically attractive project. The Company believes the property has the potential to contain a significant bulk-mineable precious metal deposit.

Mineralization is best exposed in an easterly trending wash that cuts through the schist. Work by the experienced property vendors includes 221 rock chip samples, approximately half of which were taken as continuous ten-foot long channel lines. Results yielded almost a universal gold and silver response, with values ranging from trace to 1.80 g/t gold and from trace to 32 g/t silver. Sampling of quartz veining and breccia exposed within historical small pits and one vertical shaft yielded silver values as high as 1,005 g/t and over 2 g/t gold. Limited sampling by New Dimension has confirmed these sample results. Mineralization can be projected under alluvial cover or capping rocks in all directions. The GV3 occurrence was first identified by the vendors through Aster remote sensing techniques followed by detailed geological mapping and sampling programs. The project is also well located with good road access.

The Company can obtain a 100% interest in the GV3 Project through a lease and option to purchase agreement, with a Net Smelter Return royalty that can be bought-out by New Dimension. To maintain the option, the Company must make cash payments and drill at least 5,000 feet before the third anniversary, and is obligated to perform 1,600 feet of core drilling before the second anniversary. The agreement is subject to board and regulatory approval.

The exploration program on the property will be carried out under the supervision of Mr. Thomas Burkhart, the Company's Vice President of Exploration, and a Qualified Person under NI 43-101. The company maintains a quality control program using best industry practices consistent with 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 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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