FALCON/OLYMPUS

New Dawn Mining announced that after less than one month of entering into a loan facility to supply Central African Gold with up to US$2.0 million to support Central African gold mining operations in Zimbabwe, the Old Nic and Dalny mines have transitioned from care and maintenance to resumption of gold production.

New Dawn Mining reported that effective June 16, 2010, it had made an investment resulting in the acquisition of an approximately 89% controlling interest in Central African Gold Plc from the three largest shareholders of Central African Gold (CAG). Some of the significant properties owned by CAG and its subsidiaries are The Dalny Mine is situated 36km north of Kadoma in the Chakari district, approximately 175km southwest of the capital, Harare. The Dalny Mine consists of greater than 3,500 claims covering a strike length of some 25 kilometers. Historical production (to 2006) was 2.44 Million oz of gold from 10.2 Million tonnes of ore treated at a grade of 7.42 g/t. The Old Nic Mine is situated on the eastern part of Bulawayo, and is one of the oldest gold mines in Matabeleland. The Old Nic Mine consists of 17 claims. Historical production (to 2006) was 0.290 Million oz of gold from 0.98 Million tonnes of ore treated at a grade of 9.44 g/t. other operations are the Golden Quarry Mine, the Venice Mine and Camperdown Mine. All mines are currently conducting limited operations or are under care and maintenance.

Reported to have ceased all operation in Zimbabwe due to adverse political and economic climate. Will continue to maintain assets pending resolution to such turbulence.