New Dimension Resources (Management Discussion) Released September 28th 2020. Financials are not included due to the fact that the cut off was in May, long before the $3.6 million private placement and $515K shares for debt deals took place. All information below can be found on Sedar and was released this evening.

HIGHLIGHTS AND DEVELOPMENTS FOR THE YEAR ENDED MAY 31, 2020 AND TO THE DATE OF THIS REPORT Projects

• On September 21, 2020, the Company announced that it had executed an earn-in agreement with Ethos Gold Corp. (TSX.V: ECC) in which Ethos may earn-in to a 70% interest in the Savant Lake gold project in return for staged cash and share payments to New Dimension and $2M of work commitments.

• On August 11, 2020, the Company announced that it had entered into an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSX Venture: EMX) for the acquisition of 100% interests in the Southern Gold Line Project in central Sweden, and the Løkken and Kjøli copper-zinc-gold projects in central Norway. The Southern Gold Line project consists of a group of licences adjacent to Dragon Mining Limited's Fäboliden gold development project and Svartliden gold mine, whilst the Løkken and Kjøli licences cover both past-producing, high-grade copper(-zinc-gold) mines as well as drill-ready regional exploration targets.

• On April 7, 2020 the Company announced that it had successfully completed its earn-in to a 100% interest in the Savant Lake project in northwestern Ontario. The Savant Lake project covers 229 square kilometres of underexplored but highly prospective Archean stratigraphy for the discovery of high-grade iron formation- and shear-hosted gold deposits, in addition to base metal-rich massive sulfide deposits. Seven priority target areas (5 high-grade gold and 2 massive sulfide) have been identified to date at Savant Lake for drill testing (see Company News Release dated December 2, 2019).

 • On April 1, 2020 the Company announced it had entered into an agreement with Austral Gold Limited (“Austral”)(ASX: AGD; TSX.V: AGLD) for the purchase of an 80% interest in the Company’s Sierra Blanca gold-silver project in Santa Cruz Province, Argentina for US$800,000 in cash and work commitments, with a 3 of 26 'follow-on' option to purchase the remaining 20% interest for an additional US$2,300,000 in cash and work commitments. The Definitive Agreement was signed on September 24, 2020, subject to certain requirements, having been delayed by the ongoing shutdown of both provincial government entities and legal and notarial services - all required for the due diligence process - as a result of the COVID-19 pandemic.

• On February 26, 2020 the Company noted Yamana Gold’s (or “Yamana”)(TSX:YRI; NYSE:AUY) update on exploration activities on its pipeline of highly-prospective gold projects, including the Domain Joint Venture (“JV”) in Manitoba. Domain is a 70.4%:29.6% JV between Yamana and New Dimension. Yamana commented that they will continue to engage with the Bunibonibee Cree Nation in 2020 in an effort to reach a mutually beneficial agreement supporting the advancement of exploration within the large, prospective land package at Domain.

Corporate Developments

 • On September 8, 2020, the Company announced the completion of a non-brokered private placement, for proceeds of $3,624,992, with a lead order from Palisades Goldcorp Ltd. The Company successfully completed the sale of 60,416,531 units. The units are comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at $0.12 until expiry September 3, 2023. Proceeds will be used for exploration activities and general working capital. The Company’s immediate priorities will be to advance its recently acquired Scandinavian projects. The Company paid an aggregate of $128,503 in broker fees and issued 2,081,730 brokers warrants under the same terms and conditions of the unit warrants. All securities issued under the placement are subject to a four month hold period trade restriction expiring January 4, 2021.

 • On September 16 and 18, 2020 the Company announced that in an effort to conserve its capital and subject to regulatory approval, it had agreed to settle $385,963 of outstanding indebtedness to current and former insiders of the Company with the issuance of 6,432,714 common shares of the Company at a deemed price of $0.06 per share. The Company has not made the share issuance to settle the debt as of the date of this report.

• During the year, the Company recognised a write down provision of $4,528,887 against its Las Calandria, Los Cisnes and Sierra Blanca projects to reflect the Company’s change in exploration strategy, as subsequent to May 31, 2020 the Company moved its focus from its Argentinean portfolio to its newly acquired Swedish and Norwegian projects. The Company continues to explore varying strategies to further develop and extract value from its Argentinean portfolio. The Company believes it can potentially realise value out of these assets but this will be dependent on the level of investor interest in Argentinean assets.

OUTLOOK

Exploration activities for the remainder of fiscal 2020 will focus on advancing the recently-acquired Scandinavian assets towards drilling. Joint Venture partners will manage work programs at both the Savant Lake and Domain projects in Canada.

To find out additional information on any of the eight mineral projects, please visit New Dimension Resources website: http://www.newdimensionresources.com/