TORONTO, Sept. 29 /CNW/ - New Dawn Mining Corp. (TSX: ND) ("New Dawn" or
the "Company") is pleased to announce the appointment of Mr. Phillip
MacDonnell to its Board of Directors, effective immediately, through the
expansion of its Board from four to five members.
Mr. MacDonnell received a B.A. (Hons) from University of Western Ontario,
and is a Chartered Accountant. Mr. MacDonnell was a founding partner of Loewen
Ondaatje McCutcheon & Co. Ltd., an international institutional stock
brokerage. He was formerly on the Board of Directors of the Vancouver Stock
Exchange. Mr. MacDonnell is currently the Vice President and a Director of
Hawk Partners Ltd., which provides financial services to Canadian companies.
Robert Weingarten, Chairman of New Dawn, commented, "On behalf of the
Board of Directors and the Company, we are delighted to have Phil MacDonnell
joining the Board of Directors of New Dawn Mining. Phil brings a wealth of
experience to the Board, particularly in the areas of capital markets, public
company development and corporate governance."
About New Dawn Mining Corp.
The Company is engaged in the production of gold and gold exploration in
the Southern African Development Community (SADC) region. The Company produces
gold from the 100%-owned Turk Mine, located in Zimbabwe, which has a total
resource base of over one million ounces of gold. The Company also has a 100%
interest in the Angelus Mine, also located in Zimbabwe. The Turk Mine and the
Angelus Mine are contained within a large contiguous block of claims, with a
total area of 2,171 hectares. The Company also has a number of green fields
and advanced gold exploration projects in Zimbabwe. The Company has a 51%
joint venture interest to exploit oxide gold resources and a 49% joint venture
interest to produce sulphide gold resources. The Company also has five
Exploration and Life of Mine Royalty Agreements on other gold projects in
Zimbabwe in historical producing districts. In addition, the Company has a 74%
interest in the Blue Dot Gold Mine, located in South Africa, which is in the
final stages of evaluation leading to a production decision in late 2008.
The Company's objective is to be in a position to produce at least
100,000 ounces of gold annually from a resource base of at least five million
ounces of gold within five years. The Company intends work toward this goal
through increased gold production from Zimbabwe and through the acquisition of
other gold projects in the Southern African region and possibly elsewhere.
New Dawn currently has 29.0 million shares issued and 31.6 million shares
on a fully diluted basis. New Dawn trades under the symbol "ND" on the Toronto
The TSX has not reviewed and does not accept responsibility for the
adequacy or the accuracy of this release. Statements in this press release
regarding the Company's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives
or goals, including words to the effect that the Company or management expects
a stated condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements.
For further information:
For further information: President and Chief Executive Officer: Ian R.
Saunders, (416) 585-7890; Investor Relations Contact: Darryl J. Harding, (416)
585-7890; Visit us on the internet: http://www.newdawnmining.com or E-mail us