Diamond Drilling at Butlers Pond Property confirms
Porphyry Style Cu/Au/Ag Alteration and Mineralization

January 18, 2017: New Dawn Resources Inc., [NDRI] is pleased to report on its late fall 2016 diamond drilling program at the Butlers Pond Property, which covers an intrusion related porphyry copper / gold / silver target located 12km to the west of Tors Cove on the Southern Shore of the Avalon Peninsula.

NDRI completed eight shallow diamond drill holes for a total of 350m in October, 2016. All of the drill holes were located to the west of Butlers Pond, away from diamond drilling carried out by Avalon Mines Ltd. in the mid 1990’s.

Due to limited funds, only sections of drill core with obvious mineralization were split, sampled and sent for assay (34 core samples).

Five of the drill holes (BP-16-1 to 5) were located on trenches excavated by NDRI in 2015, testing a zone of silicified, brecciated, quartz veined and mineralized felsic volcanic and intrusive rock units. Assay results show narrow zones (0.1 to 0.5 m) of copper mineralization, mainly chalcopyrite, with anomalous values up to 0.55%, weakly anomalous gold values up to 154 ppb, and weakly anomalous silver values up to 3.6 g/t. Assay values for lead and zinc are weakly anomalous up to 1594 ppm and 1362 ppm respectively. The highest value for molybdenum was 174 ppm and for barium was 1374 ppm. The mineralized zone appears to dip steeply to the east, strikes north/south and is open in both directions and to depth. These holes were drilled to the west, away from Avalon Mines easterly drilling of strong IP geophysical anomalies, thus testing a new area.

Two drill holes (BP-16-6 & 7) intersected mafic volcanics, one of which carried quartz-calcite-epidote stringers/veinlets, with only minor chalcopyrite.

Drill hole BP-16-8 was located approx. 400m to the southeast of the trenched area, close to Butlers Pond. It was drilled easterly to test a historic copper / gold / silver MMI soil anomaly. The drill hole intersected fractured, red to greenish grey sediments and mafic volcanics with sections of both containing intense chlorite and hydrothermal magnetite alteration. A narrow section (0.4m) of disseminated pyrite noted in the middle part of the hole assayed 553 ppm copper and 12 ppb gold. This drill hole lies immediately up ice from the historic unsourced PC/JK copper / gold rich glacial monzonite float boulder.


The Company gratefully acknowledges the financial assistance of the Newfoundland and Labrador government through its Junior Exploration Assistance (JEA) Program in both 2015 and 2016, which has allowed the Company to move forward with the exploration on the highly prospective Butler’s Pond property. This news release has been approved by Peter M. Dimmell, P.Geo, FGC, a director of NDRI, who is a Qualified Person (QP) in NL, and ON as defined in National Instrument 43-101.

About New Dawn Resources Inc.

New Dawn Resources Inc. (NDRI) is a private junior exploration company with a copper / gold (Cu/Au) porphyry target on the Butler’s Pond property and a low sulphidation, epithermal, gold/silver (Au/Ag) prospect on the Manuel’s property, both in the Avalon Zone in eastern Newfoundland. NDRI’s focus is on acquiring, assessing and exploring attractive, early stage, porphyry copper-gold-silver and epithermal gold-silver properties, mainly in the Avalon Geological Terrane however the company continues to evaluate opportunities elsewhere in Newfoundland. Shareholders, and other interested parties, can view information on the company and our properties, including pictures, on our website at www.newdawnresourcesnl.com.

Kevin P. Ryan, President, CEO
on behalf of the Board of Directors of New Dawn Resources Inc.

For more information please contact:
Kevin Ryan
Tel: (709) 221-6024 or Mobile: (709) 764-4997
Email:
Norm Mercer, VP Corporate Development
Tel: (709) 364-7029 or Mobile: (709) 740-6000
Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or any other regulatory agency, accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.

1