Vancouver, November 9, 2017 –Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A; OTC: GDMRF) (the “Company” or “Golden Dawn”) announces that the Company intends to raise up to $2,000,000 through the issuance of up to 7,692,307 non-flow through units and $1,000,000 through the issuance of up to 3,508,772 flow-through units by way of a non-brokered private placement (the “Offering”) of non-flow through units (“NFT Units”) at a price of $0.26 per NFT Unit and flow through units (“FT Units”) at a price of $0.285 per FT Unit. Each NFT Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.30 within the first 12 months from issuance and at $0.35 thereafter until 24 months from issuance. Each FT Unit consists of one common share and one-half of one transferable common share purchase warrant exercisable at $0.30 within the first 12 months from issuance and at $0.35 thereafter until 24 months from issuance. The Offering is subject to TSX Venture Exchange (“TSXV”) acceptance.

The securities issued in connection with the offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities. A finder’s fee of cash, common shares or broker warrants, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering.

The proceeds of the offering will be utilized for exploration, dewatering of the company’s Lexington Mine, commencement of trial mining and general working capital.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

Wolf Wiese

Chief Executive Officer

For further information please contact:
(604) 221-8936

Corporate Communications:

allinfo@goldendawnminerals.com

Renmark Financial Communications Inc.
Barry Mire:
bmire@renmarkfinancial.com

Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com

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.