New Dimension Amends Agreement On Midas Gold Property

VANCOUVER - New Dimension Resources Ltd. reported that the Company and ALX Uranium Corp. has signed an amendment to the Midas Gold Letter Agreement, under which New Dimension may earn a 70% interest in the Midas gold property located in the Sault Ste. Marie Mining Division of north central Ontario.

The Midas gold project consists of 10 staked mining claims (108 claim units), which covers approximately 1,800 hectares and is situated approximately 50 kilometers northeast of the town of Wawa in northern Ontario. The Property is road accessible and is located approximately 20 kilometers southeast of Richmont Mines' Island Gold Mine complex and Argonaut Gold's Magino Gold Project. In 2013, drilling by New Dimension at Midas confirmed and further defined gold mineralization that was previously identified in a 2011 drill program. Results of the program indicate that mineralization is hosted within quartz stockwork veining developed along east-west trending strongly pyritized shear zones. AlX Uranium holds the Property under option from local prospectors and can earn 100% interest subject to a 2% NSR, a portion of which can be purchased.