New Dawn's Turk Mine Gold Production Increases 20% Month Over Month

    
    Seven Consecutive Months of Gold Production Increases

    Highlights:

    -   Gold production for October 2009 was 1,235 ounces or 38.42 kg's, as
        compared to September 2009 gold production of 1,029 ounces or 32
        kg's, an increase of 20%
    -   Gold sales for October 2009 were US$1,334,635 at an average gold
        price of US$1,039 per ounce
    -   At October 2009 month-end, an additional 558 ounces or 17.35 kg's of
        gold were awaiting export for sale in South Africa, which will be
        included in November 2009 sales
    -   100% of gold sales were received in US Dollars
    -   October 2009 marks the 7th consecutive month of increased gold
        production
    -   October 2009 was the highest level of gold production during calendar
        2009 and the largest month over month percentage increase since
        production resumed in March 2009
    

TORONTO, Nov. 11 /CNW/ - New Dawn Mining Corp. (TSX: ND) reported that gold production at its Turk Mine in Zimbabwe for October 2009 increased 20% to 1,235 ounces or 38.42 kg's, as compared to 1,029 ounces of gold or 32 kg's produced in September 2009.

Gold sales for October 2009 totalled $1,334,635 at an average gold sale price of $1,039 per ounce. At October 2009 month-end, an additional 558 ounces or 17.35 kg's of gold awaited export for sale in South Africa, as compared to 733 ounces or 22.8 kg's of gold at September 2009 month-end. Gold held for export at month-end is included in sales in the following month.

100% of New Dawn's gold sales from the Turk Mine were received in US dollars.

"As previously discussed in prior news releases, we have now achieved, on schedule, our first sustainable production target of 1,200 ounces of gold per month, or between 14,000 and 15,000 ounces of gold produced on an annualized basis. With gold continuing to trade above US$1,000 per ounce, we expect to realize sales at our current production level in excess of $1,000,000 per month," commented Ian Saunders, President and CEO. "As production output continues to increase, New Dawn expects to continue to further expand output capacity while advancing its exploration activities in Zimbabwe on its portfolio of past gold producers, as well as pursue acquisition opportunities."

About New Dawn ...

New Dawn is a Zimbabwe-focused junior gold company currently increasing gold production at its Turk and Angelus Mines, exploring for gold, and identifying and pursuing other development projects, as well as actively assessing other value accretive acquisition opportunities in Zimbabwe.

New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe that has the potential to produce an estimated 35,000 to 50,000 ounces of gold per annum.

Currently, a production facility capable of processing up to 400 tonnes per day or 12,000 tonnes per month is in place and operating. The Company maintains a highly experienced work force at Turk Mine of over 800 people.

At New Dawn's Turk and Angelus Mines, the most recent NI 43-101 report documented an aggregate of 959,900 ounces of gold resource grading between 3.8 - 6.1 g/t, with an additional inferred mineral resources of 347,600 ounces of gold grading 5.16 - 5.91 g/t. Reserves and Resources are based upon a 2.45 g/t cut-off and US$875/oz gold price at the Turk and Angelus Mines.

Additionally, the Company has a portfolio of exploration properties in Zimbabwe that includes the Consolidated Bubi Gold Fields, Consolidated Midlands Gold Fields and Consolidated Shurugwi Gold Fields properties.

For further information on New Dawn's gold reserves and resources, visit the Company's website at www.newdawnmining.com or the Company's filings on SEDAR at www.sedar.com.

    
    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.
    

The contents of this news release were supervised and reviewed by Ian R. Saunders, B.Sc., who is President, Chief Executive Officer, and a Director of New Dawn Mining Corp., and who is a Qualified Person within the meaning of NI 43-101.

Investors are invited to visit the New Dawn Mining Corp. IR Hub at AGORACOM: http://www.agoracom.com/ir/NewDawn where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to: ND@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Special Note Regarding Forward-Looking Statements: Certain statements included or incorporated by reference in this news release, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe," "expect," "anticipate," "contemplate," "target," "plan," "intends," "continue," "budget," "estimate," "may," "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of gold production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, risks relating to reserve and resource estimates, gold prices, exploration, development and operating risks, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs and dependence on key employees. See "Risk Factors" in the Company's Annual Information Form - 2008. Due to risks and uncertainties, including the risks and uncertainties identified above, actual events may differ materially from current expectations. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.

%SEDAR: 00026497E

SOURCE New Dawn Mining Corp.

For further information: For further information: Investor Relations Contact: Richard Buzbuzian, (416) 585-7890; President and Chief Executive Officer: Ian R. Saunders, (416) 585-7890; Visit us on the internet: http://www.newdawnmining.com or Email us at: info@newdawnmining.com

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