Investor Presentation

2

Cautionary Statement

This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performances of New Dawn, the Material Mineral Properties, the future supply, demand, inventory, production and price of gold and other precious minerals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, development costs for the Material Mineral Properties, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation and rehabilitation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of litigation and regulatory matters. Often, but not always, forward-looking information statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of New Dawn to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, those factors discussed in the section entitled “Risk Factors” in this prospectus. Although New Dawn has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this prospectus based on the opinions and estimates of management, and New Dawn disclaims any obligation to update any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, except as required by applicable securities legislation. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, potential investors should not place undue reliance on forward-looking statements. Scientific and technical information contained herein has been reviewed by Mr. Ian R. Saunders, President and Chief Executive Officer New Dawn Mining Corp.

3

The Opportunity

An investment in New Dawn is an investment that is highly leveraged to the Economic,

Political and Social recovery of Zimbabwe.

New Dawn presents a TSX listed “African Gold Investment” vehicle that has management, good assets, history, growth prospects and

cash to survive the current market.

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Contents

• Section 1 - Investment Highlights

• Section 2 - Projects

• Zimbabwe Portfolio

• South African Project

• Section 3 - Conclusions

5

Investment Highlights

Management team with significant industry experience

Section 1 — Investment Highlights

Attractive portfolio of gold assets

History of production

Highly prospective and extensive land positionGrowth Profile

Industry Expertise

Quality Assets

Production

6

Investment Highlights

IPO Date - June 13, 2008

IPO Listing - TSX, symbol: ND

Shares Outstanding - 29.0 million

Cash on hand - US$ 4.3m*


* As at 15-Nov-2008

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Board and Executive

ExecutiveRobert WeingartenNon-Executive Chairman


Divo MilanIndependent Director

Jon NorthIndependent Director

Phillip MacDonnellIndependent Director

Ian SaundersDirector

Graham ClowChief Financial Officer

Ian SaundersPresident and Chief

Executive Officer

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New Dawn Growth Goals

Be in a position to produce at least 100,000 ounces of gold annually from a

resource base of at least five million ounces of gold within five years.

The Company intends to work toward this goal through increased gold production from Zimbabwe and through the acquisition of other gold projects in the southern African region and possibly elsewhere.


9

Growth

Internal/Organic growth• Move existing assets up the value curve• Apply capital expenditures to maximize returns

External growth• Diversify risk geographically• Appeal to a broad base of investors• Leverage skills of management & other employees


10

Projects

Consolidated Bembezi Gold Fields Turk Mine Angelus Mine EPO 321Consolidated Bubi Gold Fields Joint Venture3 Midlands Gold Fields Two Options4 Shurugwi Gold Fields Four OptionsShweizer-Reneke Blue Dot Mine


11

Reserves and Resources


as at June 30, 2007 as at June 30, 2008

Mineral Reserves Tonnes (000)Grade(g/t)

Gold(Ounces)

Tonnes (000)

Grade(g/t)

Gold(Ounces)

Proved 438,000 4.22 60,500 478,000 4.21 65,500

Probable

1,100,000 2.66 87,800 1,219,000 2.83 104,400

Mineral Reserves Total 1,538,000 148,300 1,697,000 169,900

Mineral Resources - Indicated

4,615,000 4.74

652,800 5,561,000 4.23 689,300

Sub Total

6,153,000

801,100

7,258,000

859,100

Mineral Resources - Inferred

2,524,000 4.22

354,700 2,555,000 4.21 364,300

12Section 1 — Investment Highlights

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Ou

nce

s o

f G

old

2006 2007 2008

Inferred

Indicated

Probable

Proved

Resource Growth

13

Contents




• South African Portfolio

• Section 3 - Conclusion

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Zimbabwe : Turk & Angelus

Section 2 — Projects

15


Turk Mine has an 80 year operating history

• 14,755 oz produced in 2005• 13,341 oz produced in 2006• 13,784 oz produced in 2007


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NI 43-101 Report with over 1,000,000 ounces of reserves and resources.

SRK states:" it is not unreasonable to expect that SRK states:" it is not unreasonable to expect that between 1.5 and 2 million ounces … will eventually be between 1.5 and 2 million ounces … will eventually be mined at Turk excluding the current total Resource and mined at Turk excluding the current total Resource and Reserve inventory”Reserve inventory”


17


The longitudinal section depicts both the Turk and Angelus shoots that have been mined.


18

Zimbabwe : Other Projects


19

Contents




• South African Project

• Section 3 - Conclusion

20

South Africa : Blue Dot


21

South Africa : Blue Dot


28km south-west of Schweizer-Reneke

Extensive work completed to date

NI 43-101 Compliant Report

Fully BEE compliant investment

Processing Plant being Wet Commissioned

22

Contents




• South African Portfolio

• Section 3 - Conclusions

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Why Africa

• Africa has 30% of the World’s reserves of Africa has 30% of the World’s reserves of mineralsminerals

• Gold Production in Africa is the highest of any Gold Production in Africa is the highest of any continent. South Africa’s 227 tonnes is 11.3% of continent. South Africa’s 227 tonnes is 11.3% of global productionglobal production

• The best opportunities are where perceived risk The best opportunities are where perceived risk is higher then reality, Africa is very undervaluedis higher then reality, Africa is very undervalued

Section 3 — Conclusion

24

Why New Dawn Mining


•Experienced management team•High quality – proven assets•Historically Low cost Producer in Zimbabwe

•Near-term production from Blue Dot•Various Projects in pipeline to ensure sustained growth

With an experienced team and money in the bank, New Dawn is poised to capitalise on the current

opportunities in southern Africa.

25

Why New Dawn Mining

Undervalued compared to peers


*Enterprise Value = Market Cap. + Debt + Preferred Shares + Minority Interest + Deferred Tax - Cash

Enterprise Value $ per Ounce of Mineral Inventory

$3.4

$44

$16

$59

$114

$13 $17

$-

$20

$40

$60

$80

$100

$120

Wesdome (15-Nov-2008)

Claude Resources (15-Nov-2008)

High River Gold (15-Nov-2008)

Richmont Mines (15-Nov-2008)

Central Sun (15-Nov-2008)

Caledonia Mining (15-Nov-2008)

New Dawn Mining (18-Nov-2008)

Can

adia

n$

Questions ?

www.newdawnmining.com

TSX symbol NDIan Saunders

[email protected]

Investor Presentation

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