NED New Destiny Mining Corp

New Destiny Mining Corp. ("New Destiny") (TSX VENTURE:NED) announces that it has
entered into a letter of intent dated October 7, 2013 with Nevada Rift Resources
Pty Ltd, an Australian company based in South Perth, Australia, its US
subsidiary (together, the "Vendor"), and Sunline Resources Limited pursuant to
which New Destiny has been granted the option (the "Option") to earn an
undivided 80% interest, subject only to a one and a half percent (1.5%) net
smelter return royalty (the "NSR"), in all of the 194 lode mineral claims
comprising the Rift Project located in Lander County, Nevada, United States of
America (the "Property"). 


About the Rift Project:

The Rift Project is situated in Northern Nevada near the Town of Battle Mountain
and occupies 3880 acres (16 km2) of highly prospective ground 45 km west of the
famous Carlin Trend and 50 km southeast of the Getchell Trend. The Rift Project
exposes mineralized Paleozoic rocks of the Roberts Mountains Allochton overlain
by Tertiary volcanic rocks of the Northern Nevada Rift. The geological and
structural settings indicate the possibility of discovering Carlin-type or
siliciclastic-hosted Battle Mountain-type Au deposits. Previous exploration
highlighted high levels of precious and base metals associated with iron oxides
in faults whereas recent drilling near the historical Snowstorm silver mine
revealed intersections of 3 m @ 0.36 g/t Au, 92 g/t Ag, 2.27 wt. % Zn and 1.5 m
@ 389 g/t Ag. A strong N/NNW-oriented, 5 km-long positive gravity anomaly
underlies the core of the property possibly reflecting the presence of mafic
igneous rocks associated with epithermal or skarn deposits.


In consideration of the Option, New Destiny paid the Vendor U.S. $10,000 on
signing of the letter of intent. New Destiny may exercise the Option and earn an
80% interest in the Property by:




  (a) issuing 7,500,000 common shares and paying the Vendor the cash sum of 
      U.S. $40,000 within 5 business days of receiving the acceptance of the
      TSX Venture Exchange (the "TSXV") to the transaction ("TSXV           
      Acceptance");                                                         
                                                                            
  (b) incurring total cumulative exploration expenditures on the Property of
      a minimum U.S. $3,500,000 staged as follows:                          
                                                                            
      (i)   within 12 months from the date of TSXV Acceptance, completing a 
            Phase 1 work program on the Property with a minimum budget of   
            U.S. $225,000, such Phase 1 program to consist of geological and
            geophysical mapping, trenching, soil sampling and any other     
            necessary work to delineate drill targets (firm commitment);    
                                                                            
      (ii)  within 24 months from the date of TSXV Acceptance, incurring a  
            minimum U.S. $1,500,000 cumulative exploration expenditures on  
            the Property (firm commitment);                                 
                                                                            
      (iii) incurring the balance of U.S. $2,000,000 cumulative exploration 
            expenditures on the Property, for total cumulative exploration  
            expenditures of U.S. $3,500,000 (optional); and                 
                                                                            
  (c) making additional cash payments totalling U.S. $350,000 to the Vendor 
      in accordance with the following schedule:                            
                                                                            
      (i)   U.S. $100,000 on the date the is six months from the date of    
            TSXV Acceptance; and                                            
                                                                            
      (ii)  a total of U.S. $250,000 payable over two years in four         
            instalments of U.S. $62,500 each to be paid every six months    
            commencing on the date that is six months from the date of      
            payment of the U.S. $100,000 pursuant to section 3(c)(i) hereof;



Upon New Destiny incurring cumulative U.S. $2,000,000 in exploration
expenditures on the Property and whether or not all cash payments have been made
to the Vendor, an undivided 51% interest in the Property will vest in New
Destiny, free and clear of all encumbrances other than the NSR.


Upon New Destiny issuing the 7,500,000 shares, incurring exploration
expenditures on the Property totalling cumulative U.S. $3,500,000, and making
cash payments totalling U.S. $350,000, an additional undivided 29% interest in
the Property will vest in New Destiny, free and clear of all encumbrances other
than the NSR, for a total 80% undivided interest in the Property.


Upon New Destiny acquiring an undivided 80% interest in the Property, the
parties will enter into a joint venture agreement for the further exploration
and development of the Property, with the initial interests to be New Destiny
80% and the Vendor 20% and thereafter, the parties will contribute in accordance
with their respective interests in the Property. 


Upon New Destiny duly exercising the Option and acquiring an undivided 80%
interest in the Property, New Destiny will have the option to acquire the
remaining 20% undivided interest in the Property (the "Remainder Interest"),
free and clear of all encumbrances other than the NSR, for a total 100% interest
by:




  (a) obtaining a bankable feasibility study in respect of the Property     
      prepared by an independent third party; and                           
                                                                            
  (b) paying the Vendor the cash sum of U.S. $5,000,000 or issuing to the   
      Vendor an equivalent number of shares of New Destiny with a value of  
      U.S. $5,000,000 calculated based on the then market price.            



Subject to TSXV Acceptance, New Destiny will pay an introduction fee in cash,
which fee may be payable in stages as negotiated by New Destiny and acceptable
to the TSXV.


The Option is subject to a number of conditions including the parties entering
into a definitive agreement and receipt of TSXV Acceptance.


For further information on New Destiny please visit our website at
www.newdestinymining.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Robert L. Birmingham, President 

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Destiny Mining Corp.
Robert L. Birmingham
President
(778) 331-2025
(604) 683-5309 (FAX)
www.newdestinymining.com

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