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New Dawn Reports Gold Production, Sales Figures for March Qtr

New Dawn Mining Corp. (ND.TO), a junior gold company focused on developing its gold mining assets and operations in Zimbabwe, reported consolidated gold production for the quarter ended March 31, 2013 of 9,253 ounces (8,612 ounces attributable to New Dawn, after adjusting for the minority interests' share of gold production), as compared to consolidated gold production for the quarter ended March 31, 2012 of 8,736 ounces (7,926 ounces attributable), an increase of 5.9% (8.7% increase on an attributable basis).

Consolidated gold sales for the quarter ended March 31, 2013 were US$14,986,201 (US$14,026,506 attributable), as compared to US$14,857,212 (US$13,551,287 attributable) for the quarter ended March 31, 2012. Consolidated gold sales were essentially flat for the quarter ended March 2013, as compared to the quarter ended March 31, 2012. The average sales price per ounce of gold was US$1,608 and US$1,685 for the quarters ended March 31, 2013 and 2012, respectively. The lower average sales price per ounce of gold in 2013 as compared to 2012 largely offset the impact on gold sales of the 5.9% increase in gold production in 2013 as compared to 2012.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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