New Dawn Mining Corp. Provides Update on Operations in Zimbabwe

New Dawn Mining Corp. reported that it has determined to suspend gold production at the Turk Mine in Zimbabwe and place the mine on temporary “care and maintenance” effective October 3, 2008. This action was taken as a result of the continued non-payment of amounts receivable for the sale of gold to the Reserve Bank of Zimbabwe, as well as excessively high operating costs caused by unrealistic exchange rates and hyper-inflationary pressures in general. In addition, exploration work on the adjacent Angelus Mine has been suspended until economic conditions in Zimbabwe improve. The Company expects to maintain this care and maintenance program through no later than December 2008.

New Dawn is committed to maintaining and expanding its Zimbabwe operations. New Dawn anticipates that when conditions stabilize, it will be in a position to quickly re-activate mining activities in Zimbabwe. Accordingly, the changes currently being implemented are designed to maintain the over-all operating infrastructure of the mine and allow for a rapid resumption of mining activities when economic conditions in Zimbabwe allow.

These actions will not cause any immediate layoffs, as the existing workforce will be used to manage the mine site and infrastructure under the care and maintenance program.

The uncertain economic conditions in Zimbabwe have not affected the Company’s Blue Dot gold mining project in South Africa, which is in the final stages of evaluation leading to a production decision in late 2008.

The Company is continuing to evaluate the situation in Zimbabwe on an on-going basis and will be revising this program as conditions change. The Company intends to conduct a further financial review of its Zimbabwe operations in early January 2009 and will revise and update its Zimbabwe operating plans at that time, at which time the Company expects to make an appropriate announcement.

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 approximately 55 km north of Bulawayo 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, an exploration project, adjacent to the Turk Mine. These two properties 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 Including 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 South Africa, the Company has a 74% interest in the Blue Dot Gold Mine, located approximately 300 km west of Johannesburg, 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.
Website: http://www.newdawnmining.com/