New Dawn Mining Corp. (the "Company") is a Zimbabwe-focused junior gold company engaged in the production of gold and related activities, including exploration, development, mining and processing in southern Africa. The Company's principal assets are the actively producing Turk Mine in Zimbabwe, the advanced exploration project Angelus Mine in Zimbabwe, and a portfolio of exploration properties.

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 580 tonnes per day or 17,500 tonnes per month is in place and operating. The Company maintains a highly experienced work force at Turk Mine of over 950 people.

At New Dawn's Turk and Angelus Mines, a 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.

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New Dawn Fact Sheet Q2 2010

New Dawn Mining in Zimbabwe Q2 2010

Ron Struthers Resource Stock Report
picking New Dawn Mining Corp. as
“the best value and best bargain of the PDAC”

Operations Overview

New Dawn Mining Corp. 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. 

New Dawn is a Zimbabwe-focused junior gold company currently expanding 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.

• Turk Mine
• Angelus Mine

• Net income of $927,494 or $0.03 per share for the quarter ended December 31, 2009, as compared to net income of $640,250 or $0.02 per share for the quarter ended September 30, 2009, a 45% increase 

• $3,969,038 in revenue from gold sales for the quarter ended December 31, 2009, as compared to $2,779,692 of revenue from gold sales for the quarter ended September 30, 2009, a 43% increase

• 3,604 ounces of gold sold during the quarter ended December 31, 2009 at an average sale price of $1,101  per ounce, as compared to 2,907 ounces of gold sold during the quarter ended September 30, 2009 at an average sale price of $956 per ounce

• $4,506,446 of cash at December 31, 2009, as compared to $2,740,117 of cash at September 30, 2009, a 64% increase

• $6,879,897 in working capital at December 31, 2009, as compared to $6,587,105 of working capital at September 30, 2009

• Cash cost per ounce of gold produced of $58o during the quarter ended December 31, 2009 (cash cost is a non-GAAP measure)

• Adjusted EBITDA of $1,439,065 for the quarter ended December 31, 2009, as compared to Adjusted EBITDA of $662,830 for the quarter ended September 30, 2009 (Adjusted EBITDA is a non-GAAP measure)

Management & Board of Directors
Ian R. Saunders - President, Chief Executive Officer and Director
Graham R. Clow - Chief Financial Officer
Robert N. Weingarten - Director-Chairman
Divo Milan - Director
Jon W. North - Director
Phillip G. MacDonnell - Director

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