New Dawn Mining (ND:TSX)
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ND IN THE NEWS!

TORONTO, March 27 - New Dawn Mining Corp. (TSX: ND - News) is providing an update to report further positive economic policy changes in Zimbabwe as outlined in the Short Term Emergency Recovery Program ("STERP") recently presented by the new Minister of Finance. The new STERP is expected to have a direct positive impact on the Company's Turk Mine, as well as positive effects for the Zimbabwe economy as a whole.

Specific to New Dawn and the Zimbabwe mining industry, the new STERP eliminates any retention on revenue derived from export sales. In the January 2009 Monetary Policy Statement, retention was reduced to 7.5% from 15%. Now, under the new program, it has been eliminated completely. The result is to allow gold producers to continue to market their gold directly and to now retain 100% of the proceeds from such gold sales in foreign currency. At the same time, the STERP proposes to review taxation and royalty structures to bring them in line with international standards.

The STERP also confirms that the new liberalized exchange controls will remain, which will result in New Dawn receiving payment for its gold sales in US dollars, thus eliminating any currency risk.

Additionally, the STERP maintains the previous threshold that any business transaction under US$5M, including the sale of gold, does not need Reserve Bank of Zimbabwe approval. For New Dawn, this permits flexibility for future gold sales and further demonstrates the extent of the positive changes that are now occurring with respect to Zimbabwe's economic policies.

The STERP also includes expediting amendments to the Mines and Minerals Act, particularly in respect to the framework for mining rights, with a view toward reviewing the mining title system, discouraging hoarding of claims which are not being worked, and reforming the Mining Affairs Board.

"Positive changes in economic policy in Zimbabwe are occurring. The new STERP provides us even further confidence and evidence of the positive steps forward being taken by the government towards ensuring economic stability," said Company President and CEO Ian R. Saunders. "For New Dawn, the STERP provides us greater visibility as we move closer to resuming full-scale gold mining operations and begin to generate free cash flow in US dollars, from our export sales of gold mined at our Zimbabwe operations."

New Dawn anticipates moving into full-scale mining operations at the Turk Mine in Zimbabwe during the second calendar quarter of 2009, and expects to report to shareholders in this regard in the near future.

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