Vancouver, BC, February 17, 2009 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") is pleased to announce a non brokered private placement of up to $120,000 through the sale of up to 1,000,000 units (the "Units") of the Company at a price of $0.12 per Unit.

Each Unit will consist of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder thereof to purchase an additional common share of the Company at a price of $0.20 per share for a period of two years from the date of closing. The warrants are subject to an acceleration clause whereby the Company shall have the right to accelerate the Exercise Period if the closing price of the common shares of the Company on the TSX Venture Exchange (the "Exchange") is equal to or greater than $0.50/share for any 20 consecutive trading days.

Proceeds received from the sale of the Units will be used for general working capital.

A fee equal to 1% the aggregate proceeds raised from the sale of the Units by the Company will be paid to Aberdeen Gould Inc. pursuant to a Right of First Refusal agreement between Golden Dawn Minerals Inc. and Aberdeen Gould Inc.

The above financing is subject to regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN DAWN MINERALS INC.
"Freeman Smith"
_____________________________
Freeman Smith
President/CEO

For further information:
GOLDEN DAWN MINERALS INC.
3929 WEST 30 AVENUE,
VANCOUVER, BC, V6S 1X2

Telephone: (604) 221-8936
Facsimile: (604) 221-8932

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.