New Dawn Reports Results for the Quarter Ended June 30, 2013

TORONTO, Aug. 14, 2013 /CNW/ - New Dawn Mining Corp. (TSX: ND) ("New Dawn" or 
the "Company"), a junior gold mining company focused on developing its gold 
mining assets and operations in Zimbabwe, announced that its financial results 
and corresponding Management's Discussion and Analysis ("MD&A") for the 
quarter ended June 30, 2013 have now been filed on SEDAR at www.sedar.com and 
are also available on the Company's web-site at www.newdawnmining.com. 
Unless otherwise indicated, all amounts are presented in United States dollars. 
OPERATIONAL OVERVIEW 
During the quarter ended June 30, 2013, two steep declines in the gold price, 
each followed by price volatility, resulted in a significant drop in revenue 
for the quarter despite an increase in the quantity of gold sold. A 4.5% 
increase in the quantity of gold sold for the quarter ended June 30, 2013, as 
compared to the quarter ended March 31, 2013, was more than offset by a 
decline in the average revenue per ounce of gold sold, which decreased to 
$1,399 per ounce for the quarter ended June 30, 2013, as compared to $1,608 
for the quarter ended March 31, 2013. As a result, revenue declined to 
$13,619,738 ($12,511,340 attributable) from $14,986,200 ($14,026,506 
attributable) for the quarter ended March 31, 2013. Similarly, the increase 
in production for the quarter ended June 30, 2013, as compared to the quarter 
ended June 30, 2012, was more than offset by the decline in the average 
revenue per ounce of gold sold, resulting in a decrease in revenue of 
$1,543,105 or 10.2%, as compared to revenue of $15,162,843 ($13,776,012 
attributable) for the quarter ended June 30, 2012. 
Cash costs during the quarter ended June 30, 2013 increased to $1,382 per 
ounce from $1,306 per ounce during the quarter ended March 31, 2013. The 
reasons for this increase include implementation of an industry-wide increase 
in wage rates for 2013 at all mine operations and, at the Turk and Angelus 
Mine, the lower grade tailings sands processed, thereby increasing average 
cash costs at this mine site. 
The results of the strategic review that was initiated in mid-April 2013 in 
response to the falling gold price identified a number of measures to reduce 
costs and improve production that were implemented during the period from 
mid-June to mid-July 2013, as previously discussed in the news release dated 
July 18, 2013. The effects of these measures therefore had only a marginal 
impact on the operating results for the quarter ended June 30, 2013, but these 
measures are expected to have a greater impact on operations for the quarter 
ending September 30, 2013 as the full effect of the changes is realised. 
The Company's overall liquidity deteriorated during the quarter ended June 30, 
2013 as a result of the falling gold price and the elevated operating costs. 
Of the working capital deficiency at June 30, 2013 of $3,147,238, $3,000,000 
relates to term loans that mature within twelve months. The Company is 
planning to negotiate either an extension to the term loans, their replacement 
with debt financing or a combination of approaches, and expects the refinanced 
loans to have terms comparable to the currently outstanding obligations. The 
Company has taken several steps recently to meet its liquidity obligations, 
and is considering additional steps, depending on the impact of recent 
initiatives to improve production and reduce costs on operations and cash 
flows. As part of this process, the Company is working with its suppliers, 
the largest of which is the Zimbabwe Electricity Supply Authority ("ZESA"), to 
ensure that there will be no curtailment of supplies or services. However, 
ZESA has the ability to unilaterally terminate power to any of the Company's 
operations, and the mine most at risk of this type of action is the Dalny Mine. 
During the quarter ended June 30, 2013 and subsequently, the continuing 
deterioration of the gold price was, under IFRS, a trigger event that required 
a comprehensive review of the carrying cost of the mining and exploration 
assets, comparing their fair values with their carrying costs. As the result 
of the review, a total provision for impairment of $26,750,000 was recorded, 
less an adjustment to deferred income taxes of $4,077,000, reflecting a 
provision net of taxes of $22,673,000. This adjustment was a non-cash charge 
to operations, and was broken down as described below. 
The mining assets have been valued based on a value in use approach employing 
a discounted cash flow model for which the most significant assumptions were 
the future gold price and the appropriate discount rate, both of which were 
determined using market available information and the judgment of 
management. Using these parameters, together with projections of production 
quantities over the lives of the mines, excluding any increases that might 
come from future expansion or upgrades, and with the anticipated cost profile 
based on the production and operating efficiencies recently implemented, 
resulted in a provision for impairment of $24,750,000, less an adjustment to 
deferred income taxes of $3,677,000, reflecting a provision net of taxes of 
$21,073,000. 
A similar review of the status of the exploration and evaluation assets 
determined that a number of these projects no longer had the potential that 
would indicate additional work would be advantageous. Accordingly, these 
projects, whose fair value absent mineral potential is considered nominal, 
were deemed fully impaired and a provision for impairment of $2,000,000, less 
an adjustment to deferred income taxes of $400,000, reflecting a provision net 
of taxes of $1,600,000. 
As a result of this review, the Company has initiated a program to sell some 
of its mining assets that are not considered integral to its long-term 
strategy, and is also continuing to attempt to raise additional capital 
through financing via debt and/or equity issuances. As part of this 
divestiture process, the Company is engaging with several potential parties in 
an attempt to sell the Old Nic Mine and the Venice Mine. 
Reflecting current limitations on the availability of investment capital and 
the recent price of gold, the Company is continuing its near-term operating 
strategy of focusing on improving operating efficiencies and processes in a 
steady-state/low-growth production model based on currently installed plant 
and infrastructure. The Company expects this phase to continue until market 
conditions improve and the Company is able to access debt and/or equity 
capital in sufficient amounts to fund the expansion and development of its 
mining operations and exploration programs, which, in turn, are primarily 
conditioned on finalisation and implementation of the Company's Plan of 
Indigenisation, as well as any impact from unforeseen and/or deleterious 
changes to the business environment in Zimbabwe. 
The Company's efforts to address and improve operating viability at its mine 
sites in Zimbabwe are subject to various factors outside of its control, 
including, for example, taxes and royalties, mining fees, labor rates, power 
costs, environmental regulations, the economic and business environment in 
Zimbabwe, and potential changes to the legislative and regulatory environment 
in Zimbabwe, any of which could impact the Company's mining operations, 
capital requirements and ability to operate in a commercially viable manner or 
at all. 
With the Company under serious pressure to bring operating costs in line with 
the current gold price regime, combined with its challenging working capital 
position and the increasingly difficult regulatory and economic environment in 
Zimbabwe, and the heightened uncertainty surrounding the implementation of 
indigenisation policy subsequent to the July 31, 2013 national elections, 
there is a significant risk that actions more severe than steps taken so far 
or currently envisaged may be required. 
If the world price of gold continues to decline further and/or the Company's 
operational liquidity is further strained, the Company may be forced to 
consider shutting down some or all of its mining operations in Zimbabwe, 
either temporarily or permanently, and/or the liquidation of the Company and 
its assets in formal or informal arrangement. 
SELECTED FINANCIAL INFORMATION 
This selected financial information should be read in conjunction with the 
Company's interim unaudited consolidated financial statements, including the 
notes thereto, for the periods referenced. 
Quarterly Results (Unaudited) 
The following table sets forth select unaudited condensed consolidated interim 
financial and other information for the Company for the quarter ended June 30, 
2013, and for the immediately preceding quarters in fiscal 2013, and for the 
quarter ended June 30, 2012. 
 _____________________________________________________________________
|Quarter ended|             |              |December 31,|             |
|             |June 30, 2013|March 31, 2013|    2012    |June 30, 2012|
|_____________|_____________|______________|____________|_____________|
|Operations   |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|  Revenue    | $13,619,738 |  $14,986,200 |$16,612,476 | $15,162,843 |
|_____________|_____________|______________|____________|_____________|
|  Provision  |             |              |            |             |
|for          |             |              |            |             |
|impairment ( |             |              |            |             |
|(2))         |$(26,750,000)|         $0   |       $0   |  $(152,699) |
|_____________|_____________|______________|____________|_____________|
|  Net income |             |              |            |             |
|(loss)       |             |              |            |             |
|allocable to |             |              |            |             |
|common       |             |              |            |             |
|shareholders |$(22,800,995)|   $(14,727)  | $(826,870) |   $583,499  |
|_____________|_____________|______________|____________|_____________|
|  Earnings   |             |              |            |             |
|(loss) per   |             |              |            |             |
|share - basic|             |              |            |             |
|and diluted  |    $(0.50)  |     $(0.00)  |   $(0.02)  |      $0.01  |
|_____________|_____________|______________|____________|_____________|
|Weighted     |             |              |            |             |
|average      |             |              |            |             |
|common shares|             |              |            |             |
|outstanding: |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|  Basic      |  45,612,383 |   45,612,383 | 44,469,526 |  43,612,383 |
|_____________|_____________|______________|____________|_____________|
|  Diluted    |  45,612,383 |   45,612,383 | 44,469,526 |  43,612,383 |
|_____________|_____________|______________|____________|_____________|
|Common shares|             |              |            |             |
|outstanding -|             |              |            |             |
|quarter end  |  45,612,383 |   45,612,383 | 45,612,383 |  43,612,383 |
|_____________|_____________|______________|____________|_____________|
|Other        |             |              |            |             |
|measures     |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|  Ounces of  |             |              |            |             |
|gold:        |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|    Produced |      9,986  |      9,253   |     9,069  |      9,536  |
|_____________|_____________|______________|____________|_____________|
|    Sold     |      9,737  |      9,318   |     9,705  |      9,433  |
|_____________|_____________|______________|____________|_____________|
|  Cash Costs |             |              |            |             |
|per ounce (  |             |              |            |             |
|(1))         |     $1,382  |      $1,306  |    $1,403  |     $1,239  |
|_____________|_____________|______________|____________|_____________|
|  Revenue per|             |              |            |             |
|ounce        |     $1,399  |      $1,608  |    $1,712  |     $1,608  |
|_____________|_____________|______________|____________|_____________|
|  Adjusted   |             |              |            |             |
|EBITDA ((1)) |$(2,528,378) |    $417,446  | $(319,064) |  $1,021,894 |
|_____________|_____________|______________|____________|_____________|
|Attributable |             |              |            |             |
|((1))        |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|Revenue      | $12,511,340 |  $14,026,506 |$15,332,853 | $13,776,012 |
|_____________|_____________|______________|____________|_____________|
|Ounces of    |             |              |            |             |
|gold:        |             |              |            |             |
|_____________|_____________|______________|____________|_____________|
|    Produced |      9,168  |      8,612   |     8,440  |      8,702  |
|_____________|_____________|______________|____________|_____________|
|    Sold     |      8,940  |      8,716   |     8,956  |      8,570  |
|_____________|_____________|______________|____________|_____________| 
(1)      Cash Costs per ounce, Adjusted EBITDA and Attributable 


         measures are not recognized accounting measures under
         International Financial Reporting Standards ("IFRS") (see
         "Non-IFRS Measures" below).

(2)      Represents the provision for impairment, excluding any tax
         effect, recorded at June 30, 2013 (see "Operational Overview"
         above).
          

REVIEW OF FINANCIAL RESULTS

Summary

As previously described, revenue was adversely impacted by the substantial 
decline in the price of gold during the quarter ended June 30, 2013, with the 
average revenue per ounce of gold sold decreasing by 13.0% to $1,399 per 
ounce, as compared to $1,608 per ounce for the preceding quarter ended March 
31, 2013. 

Costs at all mine sites increased as compared to the preceding quarter, 
primarily due to the implementation of the 2013 wage rate scale. The 
implementation of recent cost containment initiatives in July 2013 are 
expected to improve operating results subsequent to June 30, 2013. Two of 
the Company's operating mines are incurring cash operating losses at the 
current gold price of approximately $1,325 per ounce, while the other three 
operating mines are marginally cash flow positive. In addition, operations 
at the Turk and Angelus Mine and at the Golden Quarry Mine/Camperdown Mine 
complex were still affected by grade control issues, but both managed to hold 
cash costs at a level below the gold price.

Although Dalny Mine has incurred elevated costs, there was a significant 
improvement during the quarter ended June 30, 2013, as cash costs per ounce 
declined by $194 or 10.9%, as compared to cash costs per ounce incurred during 
the quarter ended March 31, 2013, but further improvements are required for 
this mine to reach financially stable operations. Average cash costs at the 
Dalny Mine decreased to $1,588 per ounce during the quarter ended June 30, 
2013, as compared to $1,782 per ounce during the quarter ended March 31, 2013.

Gold Production

Gold production for the quarter ended June 30, 2013 was 9,986 ounces (9,168 
ounces attributable), as compared to gold production of 9,536 ounces (8,702 
ounces attributable) for the quarter ended June 30, 2012.

As compared to gold production for the previous quarter ended March 31, 2013 
of 9,253 ounces (8,612 ounces attributable), gold production for the current 
quarter ended June 30, 2013 increased by 7.9% (6.5% increase on an 
attributable basis).

Gold Sales

Consolidated gold sales for the quarter ended June 30, 2013 were US$13,619,738 
(US$12,511,340 attributable), as compared to US$15,162,843 (US$13,776,012 
attributable) for the quarter ended June 30, 2012, a decrease of 10.2% (9.2% 
decrease on an attributable basis). The average sales price per ounce of 
gold was US$1,399 and US$1,608 for the quarters ended June 30, 2013 and 2012, 
respectively, a decrease of $209 or 13.0%.

As compared to consolidated gold sales for the previous quarter ended March 
31, 2013 of US$14,986,200 (US$14,026,506 on an attributable basis), 
consolidated gold sales for the current quarter ended June 30, 2013 decreased 
by 9.1% (10.8% decrease on an attributable basis). The average sales price 
per ounce of gold was US$1,399 and US$1,608 for the quarters ended June 30, 
2013 and March 31, 2013, respectively, a decrease of $219 or 13.0%. The 
Company received 100% of proceeds from gold sales in US dollars.

Provision for impairment

As previously discussed, the Company recorded a provision for impairment of 
$26,750,000 with respect to its mining properties in Zimbabwe during the 
quarter ended June 30, 2013, which represented a non-cash charge to operations.

Net Income (Loss) Allocable to Common Shareholders

Net income (loss) allocable to common shareholders was $(22,800,995) for the 
quarter ended June 30, 2013 (loss of $0.50 per share, basic and diluted), 
reflecting in large part the provision for impairment net of taxes of 
$22,673,000 recorded in the statement of net income (loss) for the quarter 
ended June 30, 2013, as compared to $583,499 (income of $0.01 per share, basic 
and diluted) for the quarter ended June 30, 2012, and as compared to $(14,727) 
(loss of $0.00 per share, basic and diluted) for the quarter ended March 31, 
2013.

Operating results before the impairment charge for the quarter ended June 30, 
2013 were adversely impacted by the decrease in revenue resulting from the 
declining gold price and, to a much lesser extent, operating issues reflected 
in the elevated mine operating costs.

Adjusted EBITDA

Adjusted EBITDA for the quarter ended June 30, 2013 was $(2,528,378), as 
compared to $417,446 for the quarter ended March 31, 2013, and as compared to 
$1,021,894 for the quarter ended June 30, 2012.

Adjusted EBITDA for the quarter ended June 30, 2013 was adversely impacted by 
the declining gold price and elevated operating costs, but was not affected by 
the provision for impairment recorded during the quarter, which was a non-cash 
charge excluded from the calculation of Adjusted EBITDA.

Cash Costs per Ounce

Cash costs per ounce increased by 5.8% to $1,382 per ounce for the quarter 
ended June 30, 2013, as compared to cash costs of $1,306 per ounce for the 
preceding quarter ended March 31, 2013, primarily due to an industry-wide wage 
increase implemented during the quarter ended June 30, 2013.

Production and cash costs by mine for the quarter ended June 30, 2013 are 
presented below. The Golden Quarry Mine and the Camperdown Mine are 
presented as one operating unit, as the Camperdown Mine production is 
processed at the nearby Golden Quarry Mine.

 
________________________________________________________________________________________________________________________
____
|        |                      |                      |      Golden Quarry   |                      |                  


 |
|        |                      |                      |          Mine/       |                      |                   
 |
|        |         Turk and     |                      |        Camperdown    |                      |                   
 |
|        |       Angelus Mine   |       Old Nic Mine   |       Mine Complex   |         Dalny Mine   |             
Total     |
|________|______________________|______________________|______________________|______________________|__________________
_____|
|Total   |                      |                      |                      |                      |                   
 |
|quantity|                      |                      |                      |                      |                   
 |
|of gold |                      |                      |                      |                      |                   
 |
|produced|                      |                      |                      |                      |                   
 |
|(ounces)|                 3,798|                   849|                 2,577|                 2,762|                  
9,986|
|________|______________________|______________________|______________________|______________________|__________________
_____|
|        |                      |                      |                      |                      |                   
 |
|________|______________________|______________________|______________________|______________________|__________________
_____|
|Total   |                      |                      |                      |                      |                   
 |
|cash    |                      |                      |                      |                      |                   
 |
|costs   |            $4,863,112|            $1,303,244|            $3,245,438|            $4,385,668|            
$13,797,462|
|________|______________________|______________________|______________________|______________________|__________________
_____|
|Cash    |                      |                      |                      |                      |                   
 |
|costs   |                      |                      |                      |                      |                   
 |
|per     |                      |                      |                      |                      |                   
 |
|ounce   |                $1,281|                $1,534|               $1,259 |                $1,588|                 
$1,382|
|________|______________________|______________________|______________________|______________________|__________________
_____| 
The Company's short-term focus is to reduce mine operating costs and increase 
operating efficiencies under a steady-state/low-growth production model with 
the existing plant and infrastructure. 
OPERATING IN ZIMBABWE 
Contributions to the Zimbabwe Economy 
During the three months ended June 30, 2013 and 2012, and the year ended 
September 30, 2012, the Company's Zimbabwe operations made payments to the 
Zimbabwean Government and its agencies as follows: 
 _______________________________________________________________________________
|               |                                         |       Year ended    |
|               |          Three months ended June 30,    |      September 30,  |
|_______________|_________________________________________|_____________________|
|               |           2013    |            2012     |            2012     |
|_______________|___________________|_____________________|_____________________|
|Gross revenue  |      $  13,619,738|      $    15,162,843|        $  61,947,433|
|_______________|___________________|_____________________|_____________________|
|Taxes and      |                   |                     |                     |
|levies         |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Corporate    |           $ 17,805|                  $ 0|           $  187,315|
|taxes          |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Royalties    |            952,243|            1,061,399|            3,898,969|
|_______________|___________________|_____________________|_____________________|
|  Duty         |            170,751|              103,701|            1,009,523|
|_______________|___________________|_____________________|_____________________|
|  Licenses and |            134,472|               41,456|              267,638|
|levies         |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Rural        |             78,314|              107,969|              487,507|
|electrification|                   |                     |                     |
|levy           |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|Payroll        |                   |                     |                     |
|remittances    |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Deductions   |            806,551|              763,625|            3,116,704|
|from employees |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Employer     |            418,311|              330,919|            1,444,958|
|contributions  |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|Total, taxes   | $        2,578,447|         $  2,409,069|        $  10,412,614|
|and levies     |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|Percentage of  |              18.9%|                15.9%|                16.8%|
|reported  gross|                   |                     |                     |
|revenue        |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|Government     |                   |                     |                     |
|controlled     |                   |                     |                     |
|entities       |                   |                     |                     |
|_______________|___________________|_____________________|_____________________|
|  Electricity  |        $ 2,334,737|         $  1,605,932|         $  9,071,452|
|(ZESA)         |                   |                     |                     |
|_______________|___________________|_____________________|_____________________| 
In addition, the Company sourced approximately 75% of its equipment and 
consumable supplies and services from Zimbabwe-based suppliers during the 
quarter ended June 30, 2013. 
Indigenisation and Pending Matters in Zimbabwe 
Presented below is a summary of the process that has been followed by the 
Company in its efforts to comply with indigenisation and to acquire the 
balance of the minority shareholders in Falcon Gold Zimbabwe Ltd. 
The Government of Zimbabwe is in the process of implementing an indigenisation 
policy wherein all domestic businesses are required to be 51% beneficially 
owned and controlled by indigenous Zimbabweans. New Dawn's Zimbabwe 
operating subsidiaries, Casmyn Mining Zimbabwe (Private) Limited, Falcon Gold 
Zimbabwe Limited ("Falgold") and Olympus Gold Mines Limited, are all currently 
non-indigenous under the indigenisation legislation and the related 
regulations. 
Recent statements to the media by leading Zimbabwe politicians subsequent to 
the July 31, 2013 national elections in Zimbabwe indicate an evolving 
indigenisation policy that now appears to be focusing on seizing 51% 
controlling interests in foreign-owned mines without monetary compensation, 
with the payment for such seizures to be deemed to be the value of the 
minerals in the ground. Notwithstanding such public pronouncements, the 
Company has not received any communications from the Government of Zimbabwe on 
this matter and is continuing its efforts to gain approval for and implement a 
compliant Plan of Indigenisation as described below. 
New Dawn's Plan of Indigenisation was designed and structured to not only 
accomplish compliance with the requirement for 51% ownership by indigenous 
Zimbabweans, but also to establish broad-based economic empowerment 
structures, taking into account the interests of other key stakeholder 
groups. The Company's initial Plan of Indigenisation was timely filed with 
the Zimbabwe Ministry of Youth Development, Indigenisation and Economic 
Empowerment (the "Ministry") in April 2011. Since then, the Company has been 
in confidential discussions and meetings with the Ministry and the National 
Indigenisation and Economic Empowerment Board ("NIEEB") addressing the 
components of the Company's Plan of Indigenisation and its proposed 
participants. These discussions resulted in certain changes to the Company's 
Plan of Indigenisation and the signing, in September 2011, of a memorandum of 
understanding that provided the structure for the on-going discussions. 
As a result of a meeting in July 2012, the Company submitted a further amended 
Plan of Indigenisation to NIEEB that included the participation of the 
National Indigenisation and Economic Empowerment Fund ("NIEEF"). Following a 
request from NIEEB for further details, the Company expanded on the proposal 
in a mid-September 2012 submission. The Company continued its discussions 
with NIEEB at a meeting in February 2013, and at a follow-up meeting with 
Ministry officials in March 2013. Various follow-up communications have 
ensued since those meetings. 
New Dawn's Plan of Indigenisation consists of two key components. The first 
component contemplates independent indigenous investor groups in Zimbabwe 
acquiring equity interests in New Dawn, which would include the participation 
of NIEEF. The second component provides for the transfer of equity interests 
in each of the Company's operating subsidiaries in Zimbabwe to Community Share 
Ownership Trusts ("CSOT") and Employee Share Ownership Schemes ("ESOS") 
amounting to 10% and 5%, respectively. The equity interests in the Company's 
Zimbabwe operating subsidiaries to be transferred to these entities are 
expected to provide a direct and broad-based participation in New Dawn's 
Zimbabwe mining operations by indigenous Zimbabweans. To take account of 
this dilution of New Dawn's interests in its Zimbabwe subsidiaries and to meet 
the additional effective 36% equity ownership of those subsidiaries by 
indigenous Zimbabweans through investment in New Dawn, the equity interest of 
New Dawn that would ultimately be acquired by indigenous investor groups and 
NIEEF would comprise approximately 42%. 
The Company's Plan of Indigenisation, as modified, includes the participation 
by NIEEF at the New Dawn level through an equity instrument analogous to a 
warrant, and is still under consideration by the Government of Zimbabwe. The 
Company is working to facilitate the finalisation and implementation of its 
Plan of Indigenisation. The Company has commenced the initial implementation 
process with respect to its Plan of Indigenisation, which includes the signing 
of non-binding term sheets with several indigenous investor groups that are 
intended to provide the requisite indigenous element at the New Dawn level. 
The Company has also engaged with NIEEB with regard to the process, structure 
and timeframes required to implement the CSOT and ESOS components of the 
Company's Plan of Indigenisation. 
In order to enable the transfer of these equity interests as currently 
configured, each Zimbabwe subsidiary must be wholly-owned by New Dawn. As 
New Dawn currently holds 84.7%, of the equity of Falgold, the Company has been 
in the process of attempting to acquire the balance of the shares of Falgold 
from the non-controlling interests. This process, which commenced in 
September 2012, has proceeded via a Scheme of Arrangement under the Companies 
Act of Zimbabwe and both the minority interests of Falgold and the High Court 
in Zimbabwe (the "Court") have approved the Scheme of Arrangement. 
The offer presented to and accepted by the non-controlling shareholders of 
Falgold and the Court was US$0.20 cash for each Falgold share held or, with a 
specified election by the shareholder, the exchange of one New Dawn common 
share for every five Falgold shares held. A maximum of 2,899,888 common 
shares of New Dawn are issuable in respect of this transaction, but such 
number may be significantly less, depending on how many shareholders would 
elect to receive cash rather than common shares of New Dawn. If a Falgold 
shareholder does not make an election, the default payment would be in the 
form of cash, payable after a specified period of time. 
Completion of the transaction is subject to several uncertainties. With the 
decline in the market price of New Dawn's common shares over the past several 
months, it is uncertain whether Falgold minority shareholders would elect to 
receive New Dawn common shares or cash. If regulatory approvals for the 
transaction were forthcoming, the Company would be required to arrange 
funding, most likely through a Zimbabwe funding source, to provide up to $3 
million to acquire the shares of the Falgold minority shareholders, payable 
when such shares are actually tendered to Falgold. Given the current 
negative market conditions, it is not certain that such funds could be raised 
on a timely basis and under reasonable terms and conditions, or at all. In 
addition, the Toronto Stock Exchange (the "TSX") had previously approved the 
listing of any common shares of New Dawn issued pursuant to the transaction, 
subject to certain conditions. As the transaction was not completed within 
the timeline included in their conditions, the listing approval has lapsed. 
Before the completion of the transaction, the Company would have to re-apply 
for the listing approval. The final significant condition to be satisfied in 
order to complete the Scheme of Arrangement is the receipt of regulatory 
approval by the Government of Zimbabwe, which approval is uncertain at this 
time. 
New Dawn operates in Zimbabwe through three subsidiaries, and these 
subsidiaries currently operate five mines in different communities throughout 
Zimbabwe. Accordingly, because of this configuration, it is not currently 
legally feasible for a community around a specific mine site to be issued 
shares in a subsidiary. In order to resolve this issue, the Company has made 
application to governmental authorities in Zimbabwe to address certain tax, 
securities and regulatory matters so that it can reorganize its mining assets 
in Zimbabwe to facilitate implementation of its Plan of Indigenisation. This 
reorganisation would result in the mines in a specific geographic area being 
legally owned by only one subsidiary, which would allow for the 10% 
shareholding in such subsidiary to be allocated to the local Community Share 
Ownership Trust. Tax clearance has been received, subject to compliance with 
indigenisation laws. This reorganisation would be implemented once the 
Scheme of Arrangement has been completed and the Company's plan of 
indigenisation has been approved. 
Due to various multi-jurisdictional legal, securities, tax and regulatory 
issues, the Company expects that the implementation of its Plan of 
Indigenisation, once approved, may take several months or more to accomplish 
and may be done in stages. 
As there still continues to be substantial uncertainty surrounding the 
implementation of indigenisation policy in Zimbabwe, there can be no 
assurances that the Company will be successful in its efforts to comply with 
the indigenisation laws and regulations under commercially viable terms and 
conditions, or at all. The Company is currently unable to predict the effect 
of an inability to conclude or implement a Plan of Indigenisation under terms 
acceptable to all stakeholders and regulatory authorities, but such failure 
could include the termination of the Company's mining licenses in Zimbabwe and 
the loss of ownership and/or control of the Company's mines or subsidiaries in 
Zimbabwe without monetary compensation. 
NON-IFRS MEASURES 
The Company has reported certain performance measures that are not recognized 
accounting measures under IFRS, specifically, Adjusted EBITDA, Cash Costs per 
Ounce, and Attributable measures. These non-IFRS performance measures do not 
have any standardised meaning and, therefore, are not necessarily comparable 
to similar measures presented by other companies. However, the Company 
believes that, in addition to conventional measures prepared in accordance 
with IFRS, certain investors may find this information useful in their 
evaluation of the Company's performance. Accordingly, these non-IFRS 
measures are intended to provide additional information, but they should not 
be considered in isolation or as a substitute for measures of performance 
prepared in accordance with IFRS. 
Information on these performance measures and their calculation is included in 
the Company's Management's Discussion and Analysis for the quarter ended June 
30, 2013. 
ABOUT NEW DAWN 
New Dawn is a junior gold mining company listed on the Toronto Stock Exchange 
that is focused on developing its gold mining assets and operations in 
Zimbabwe. New Dawn owns 100% of the Turk and Angelus, Old Nic and Camperdown 
Mines. In addition, through its Falcon Gold Zimbabwe Limited subsidiary, New 
Dawn currently owns 84.7% of the Dalny, Golden Quarry and Venice Mines, and a 
portfolio of prospective exploration acreage in Zimbabwe. With the exception 
of the Venice Mine, all of these mines are currently operational, and are 
geographically divided into three major gold camps. 
The Toronto Stock Exchange has not reviewed and does not accept responsibility 
for the adequacy or the accuracy of this news release. 
Additional information on New Dawn and the matters discussed herein can be 
obtained on the Company's web-site at www.newdawnmining.com or in the 
Company's filings on SEDAR at www.sedar.com. 
Special Note Regarding Forward-Looking Statements: Certain statements 
included or incorporated by reference in this news release, including 
information as to the future financial or operating performance of the 
Company, its subsidiaries and its projects, constitute forward-looking 
statements. The words "believe," "expect," "anticipate," "contemplate," 
"target," "plan," "intends," "continue," "budget," "estimate," "may," 
"schedule" and similar expressions identify forward-looking statements. 
Forward-looking statements include, among other things, statements regarding 
targets, estimates and assumptions in respect of gold production and prices, 
operating costs, results and capital expenditures, mineral reserves and 
mineral resources and anticipated grades and recovery rates. Forward-looking 
statements are necessarily based upon a number of estimates and assumptions 
that, while considered reasonable by the Company, are inherently subject to 
significant business, economic, competitive, political and social 
uncertainties and contingencies. Many factors could cause the Company's 
actual results to differ materially from those expressed or implied in any 
forward-looking statements made by, or on behalf of, the Company. Such 
factors include, among others, risks relating to reserve and resource 
estimates, gold prices, exploration, development and operating risks, 
political and foreign risk, uninsurable risks, competition, limited mining 
operations, production risks, environmental regulation and liability, 
government regulation, currency fluctuations, recent losses and write-downs 
and dependence on key employees. See "Risk Factors" in the Company's 
Management's Discussion and Analysis - 2012. Due to risks and uncertainties, 
including the risks and uncertainties identified above, actual events may 
differ materially from current expectations. Investors are cautioned that 
forward-looking statements are not guarantees of future performance and, 
accordingly, investors are cautioned not to put undue reliance on 
forward-looking statements due to the inherent uncertainty therein. 
Forward-looking statements are made as of the date of this press release and 
the Company disclaims any intent or obligation to update publicly such 
forward-looking statements, whether as a result of new information, future 
events or results or otherwise. 
New Dawn investor relations can be contacted as follows: Telephone:+1 
416.585.7890 ext 230 
E-mail: investor.relations@newdawnmining.com 
Visit New Dawn on the internet atwww.newdawnmining.com 
SOURCE: New Dawn Mining Corp. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/August2013/14/c5985.html 
CO: New Dawn Mining Corp.
ST: Ontario
NI: MNG PCS ERN FIN  
-0- Aug/14/2013 21:01 GMT