New Dimension Resources Ltd.
TSX VENTURE : NDR

New Dimension Resources Ltd.

July 18, 2007 16:09 ET

New Dimension Seeks to Accelerate Warrant Exercise

Proceeds to Fund Exploration Efforts

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2007) - New Dimension Resources Ltd. (TSX VENTURE:NDR) is pleased to announce that it is making application to the TSX Venture Exchange (the "Exchange") for approval of an incentive program to encourage the early exercise of 2,873,440 warrants ("August 2006 Warrant(s)").

The August 2006 Warrants were issued as part of a financing completed in August 2006 and can be exercised at a price of $0.35 until August 31, 2007. In order to encourage the early exercise of the warrants, NDR will be seeking an amendment to the terms of the August 2006 Warrants to enable the holder to receive a unit consisting of a common share and an additional half warrant (each whole a "New Warrant") for each August 2006 Warrant exercised prior to the expiry date of the incentive program. The proceeds of the financing would be used to fund exploration activities on NDR's properties. The incentive program is subject to approval by the Exchange. Provided the required approval has been received, NDR expects to give notice to the August 2006 Warrant holders in early August providing for exercise of a 10-day period thereafter.

NDR will pay a commission to Haywood Securities Inc. of 7% of the proceeds raised as a result of their services, to be paid in cash or shares at the election of NDR, in connection with their engagement in soliciting the August 2006 Warrant holders.

Early Warrant Exercise

After approval of the incentive program and the resulting amendment to the August 2006 Warrants, each holder of a August 2006 Warrant who elects to exercise their August 2006 Warrant prior to the expiry date of the incentive program will receive a unit at a price of $0.35 per unit (the "Units"). 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 at a price of $0.45 per share for one year following the date of issue of the Unit. If a warrant holder does not exercise the August 2006 Warrants by the end of the 10-day period, the August 2006 Warrants will continue to be exercisable for common shares on the same terms that previously existed.

The total number of warrants eligible to accept this offer is 2,873,440, which can be exercised at $0.35 per share for gross proceeds of $1,005,704 before costs and commissions.

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 Form 6-K and 20-F reports 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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