New Dimension Resources Ltd.

New Dimension Resources Ltd.

June 27, 2008 17:00 ET

New Dimension Resources Completes Non Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2008) - New Dimension Resources Ltd. ("New Dimension" or the "Company") (TSX VENTURE:NDR) is pleased to report that it has closed its non-brokered private placement with the issuance of 7,115,000 Units at a price of $0.15 per Unit and the issuance of 1,010,000 flow-through common shares at a price of $0.20 per flow-through share for gross proceeds of $1,269,250. Each Unit is comprised of one common share and one-half of one share purchase warrant. Each warrant is exercisable for two years from the date of issuance to purchase an additional common share of the Company for $0.25.

The funds will be used for drill programs at the Company's Domain Project in Canada and Reese River Projects in Nevada, to fund other existing exploration programs in Nevada and Peru, for new acquisitions and for general working capital.

New Dimension paid finders fees in respect of certain purchasers of securities introduced to the Company by the finder. The finders' fees equaled 7% of the aggregate amount subscribed to by those purchasers (which totaled $1,250,250) and were paid as to 3.5% in cash and 3.5% in Units, with these Units having the same terms as the Units issued to the placees. The finders were also issued 560,700 broker's warrants, the warrants having the same terms as the warrants issued under the Units.

The common shares issued and the common shares underlying the warrants are subject to a four month hold period that expires on October 26, 2008.

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 currently planned by New Dimension for the Domain gold property in Manitoba, at the Reese River silver property in Nevada with a drill program to be conducted by our joint venture partner at the Company's Trend 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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