New Dimension Options Trend Gold Property

VANCOUVER - New Dimension Resources Ltd. reported that its wholly owned subsidiary Dimension Resources (USA) Inc. has executed a definitive option agreement with Calibre Mining Corp. The option agreement will allow Calibre to earn up to a 65% interest in the Trend Property (the "Property" or "Trend"), located on the Cortez-Battle Mountain trend of Nevada, by completing US$1.5 million in exploration expenditures and maintaining obligations to property vendors, over a four year period. First year exploration expenditures include a firm commitment of US$500,000, and must include drilling on the Trend Property. Calibre will have the option to acquire an additional 10% interest (for a total interest of 75%) by funding and completing a Preliminary Economic Assessment. Calibre will be the operator of the Property. Currently, New Dimension has a one hundred (100%) percent undivided interest in the Trend Property, subject to vendor payments and a 1% NSR.
The Trend property is immediately south of the Barrick Gold - Kennecott Cortez Joint Venture. In management's opinion, the Property shares many favourable geological characteristics with the Cortez JV deposits. Most notably, the Cortez Fault, which is recognized as a primary control for the deposits, crosses the central part of the Trend property. The Property consists of 145 contiguous claims covering 12.8km2. Calibre has informed New Dimension that work in 2008 will commence in late spring with compilation and review of all existing data followed by a diamond drill program scheduled for late 2008.
The company's address is Suite 860 - 625 Howe Street, Vancouver BC V6C 2T6, (604) 687-7545, fax: (604) 689-5041, email: [email protected], www.newdimensionresources.com.