NDR New Dimension Resources Ltd

New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New
Dimension") announces it has closed the first tranche of its non-brokered
private placement of 2,505,167 flow-through Units (the "Units") at a price of
$0.24 per Flow-Through Unit for proceeds of $601,240.08. Each Unit consists of
one flow-through common share of New Dimension plus one-half of one
non-flow-through transferable common share purchase warrant with each whole
purchase warrant exercisable into a common share at a price of $0.40 for a
period of 12 months from closing. 

Each warrant will be subjected to an accelerated exercise provision if the share
price of New Dimension trades at or above $0.75 for 10 or more consecutive
trading days. 


New Dimension has paid a finders fee in respect of purchasers of securities
introduced to the Company by the Finder. The finders fee was paid through the
issuance of common shares equal in value to 7% of the Units sold under the
offering by the Finder. 


The Company will use the proceeds from the financing to incur Canadian
Exploration Expenses ("CEE") within the meaning of the Income Tax Act (Canada)
("ITA") on its Canadian mineral properties, and particularly on the recently
optioned Gild Property. The Company will use its best efforts to ensure that
such CEE qualifies as "flow-through mining expenditures" for the purpose of the
ITA. The Company will renounce CEE in favour of the purchasers of the Units
under the first tranche as of December 31, 2010.


The Company anticipates closing the second tranche of this financing in January
2011 with an additional issuance of up to 850,000 Units for proceeds of
$204,000. A press release announcing its closing will be disseminated at that
time.


The Units and the shares issued to the Finders are subject to a four-month hold
period which expires on April 25, 2011.


ON BEHALF OF THE BOARD 

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 ore reserve estimates, anticipated production or
results, sales, revenues, costs, or discussions of goals and exploration
results, and involves 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, metal price volatility,
volatility of metals production, project development, ore reserve estimates,
future anticipated reserves and cost engineering estimate risks, geological
factors and exploration results. 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.

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