GOLDEN DAWN CLOSED FIRST TRANCHE OF PRIVATE PLACEMENT

TSX-V: GOM

FRANKURT EXCHANGE:3G8

VANCOUVER, Aug. 25 /CNW/ - GOLDEN DAWN MINERALS INC. (TSXV-GOM, FRANKFURT - 3G8, the "Company") announces that it has closed the first tranche of a non-brokered private placement financing of 750,000 units ("Units") at a price of $0.20 per Unit, for gross proceeds to the Company of $150,000. Each Unit consists of three flow-through common shares of the Company, one non-flow through common share of the Company and two flow-through warrants ("Warrants") of the Company. Each Warrant entitles the holder to purchase one additional flow through common share of the Company at a price of $0.12 in the first year and $0.15 in the second year from the date of issue. The proceeds of the private placement will be used towards exploration work on the Greenwood properties in British Columbia and working capital.

The Company has agreed to pay, relative to this tranche, finder's fees of $1,200 in cash and issue warrants entitling the finder to acquire 7,500 common shares for a period of 24 months from date of issuance at a price of $0.12 per share during the first 12 months and at a price of $0.15 per share during the last 12 months.

The private placement is subject to final approval from the TSX Venture Exchange.

    
    ON BEHALF OF THE BOARD OF DIRECTORS OF
    GOLDEN DAWN MINERALS INC.
    "Wolf Wiese"

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    Wolf Wiese
    President/CEO
    

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER 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.

THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS,PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.

For further information: GOLDEN DAWN MINERALS INC., 575 1111 WEST HASTINGS STREET, VANCOUVER, BC, V6E 2J3, Telephone: [phone], Facsimile: [phone]