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New Dawn's Turk mine in Zibabwe exports gold bars to South Africa refiner

Published: 04:35 07 Apr 2009 AEST

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New Dawn Mining Corp (TSX: ND) said it has delivered its first two bars of fine gold, 645 ounces, from its wholly-owned Turk mine in Zimbabwe to Rand Refiners in South Africa, under the process set up by the Chamber of Mines of Zimbabwe within the Gold Trade Act of Zimbabwe.

The transaction marks a turning point for New Dawn's gold mining and production operations in Zimbabwe and follows the recent changes in the country’s gold trading regime, now allowing permit gold producers to both market and sell their gold directly and receive and keep 100 percent in foreign currency - the US Dollar - as payment.

The company expects to ship a further 645 to 805 ounces of fine gold to Rand Refiners for US Dollars during April 2009.

New Dawn president and CEO Ian Saunders said: "The shipment ... moves the Turk mine one big step closer towards resuming full-scale gold mining operations. We look forward to further reporting our operational progress as we move back to full operations and begin to generate free cash flows, in foreign currency (US dollars), from our export sales of gold mined at our Zimbabwe operations."

New Dawn anticipates resuming full-scale mining operations at the Turk Mine in Zimbabwe during the second calendar quarter of 2009.

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