New Dimension Resources Ltd.
TSX VENTURE : NDR

New Dimension Resources Ltd.

August 23, 2007 18:56 ET

New Dimension Closes Accelerated Warrant Exercise

Proceeds to Fund Exploration Efforts

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2007) - New Dimension Resources Ltd. (TSX VENTURE:NDR) is pleased to announce that it has closed the incentive program (the "Program") to encourage the early exercise of its outstanding warrants ("August 2006 Warrant(s)").

A total of 1,561,000 warrants were exercised under the Program for a total of $546,350 being received by the Company. Under the Program, each holder received a unit (the "Unit") consisting of a common share and an additional half warrant (each whole a "New Warrant") for each August 2006 Warrant exercised. Each Unit will consist of one common share and one-half New Warrant. Each whole New Warrant will allow the holder to acquire one common share of the Company at a price of $0.45 per share for one year following the date of issue of the Unit.

The proceeds of the Program are to be used to fund exploration activities on the Company's properties.

The Company paid a commission to Haywood Securities Inc. of 128,237 common shares in the capital of the Company, which is equal to 7% of the proceeds raised as a result of their services in soliciting the August 2006 Warrant holders.

A total of 1,312,440 of the original August 2006 Warrants are still remaining to be exercisable under the original terms.

The Company would like to thank those warrantholders who participated in the Program for their faith and commitment in the Company, its properties and its management.

On Behalf of the Board,

New Dimension Resources Ltd.

Fred G. Hewett, 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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