News Release

New Nadina to raise $1,200,000 Non-brokered Private Placement

March 23, 2011  GREENWOOD, BRITISH COLUMBIA ? New Nadina Explorations Limited (TSX VENTURE: NNA), subject to the approval of the TSX Venture Exchange, plans a non-brokered private placement of up to $1,200,000 of $800,000 Flow Through and $400,000 non flow through priced at 10 cents. The Flow-Through units consist of one common share at a price of 10 cents.   The non Flow-Through units consist of one common share and one warrant that entitle the holder to purchase one common share at a price of 15 cents per share for 12 months.

The Company, in compliance with the guidelines of the TSX Venture Exchange policies, may pay an 8% Finders? Fees either in cash or in units, where the units consist of one common share and one warrant, where the warrants are exercisable to purchase one common share at $0.15 for one year. 

Proceeds from the placement will be used for 2011 exploration program on the Company?s 100% owned Silver Queen Property, the 57.49% owned Monument Diamond Property (NWT) and for general corporate funds.

ON BEHALF OF THE BOARD

?Signed?

Ellen Clements,

President and Chief Executive Officer

For further information please visit the website at www.nadina.com or contact
Ellen Clements: 1 (800) 856-3966,  1 250 444 1005

?Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?