New Dimension Resources Grants Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/19/12 -- New Dimension Resources Ltd. (TSX VENTURE: NDR) (the "Company" or "New Dimension") announces that it has granted 990,000 stock options at $0.15 to directors, employees and consultants. All of the options are exercisable for a period of 5 years from the date of grant and expire on July 18, 2017.
About New Dimension Resources Ltd.
New Dimension has an option to earn up to a 100% interest in the Lansing and Mars Projects located in the Yukon from Strategic Metals Ltd ("Strategic"). The properties were staked or purchased by Strategic following an extensive review of a geological database compiled by Archer, Cathro, an independent consulting group with extensive exploration experience in the Yukon.
Also in Canada, New Dimension holds a 35% interest in the Domain gold project located in northern Manitoba. Since 2006, three drill programs have been completed on the property returning encouraging results highlighted by 18.05 metres of 4.61 g/t gold.
In northern Peru, the Company's Cenepa gold project covers one of the most attractive geological terrains within the highly prospective Cordillera del Condor mineral belt; adjacent to Kinross Gold Corp.'s Condor Project and Fruta del Norte gold deposit in Ecuador.
NEW DIMENSION RESOURCES LTD.
Fred G. Hewett, P.Eng., President & CEO
This news release may contain forward looking statements which are not historical facts, such as statements of belief of similarity of geological characteristics or features, statements of unverified drilling and sampling results and expectations of receipt of permits and plans for future work. Forward looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, unexpected geological factors, exploration results, results of verification work and unanticipated regulatory obstacles. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
New Dimension Resources Ltd.
Fred Hewett
President & CEO
(604)687-7545 or (888)338-2200
(604)689-5041 (FAX)
New Dimension Resources Ltd.
Chris Curran
(604)687-7545 or (888)338-2200
(604)689-5041 (FAX)
info@northair.com
www.newdimensionresources.com
