Vancouver, BC, February 26, 2009 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") is pleased to announce that further to its news release of February 17, 2009, the Company has now completed a non-brokered private placement of $120,000 and accordingly has issued 1,000,000 units (the "Units") of the Company at a price of $0.12 per Unit. The terms of the Units have been amended such that each Unit is now comprised of one common share and one-half of one share purchase warrant exercisable at $0.20 for two years from the date of issue.

The Company paid a cash trailer fee of 1% ($1,200.00) in connection with a ROFR agreement with Aberdeen Gould.

All of the securities issued pursuant to this private placement are subject to a Canadian hold period expiring June 27, 2009.

About the Company
Golden Dawn Minerals Inc. is a junior exploration company with a portfolio of properties prospective for precious and base metals with a focus in Ontario's Kirkland Lake Region. Golden Dawn's strategy is to apply modern technologies, advancing each property's potential with a longer range view of marketing the property to major mining companies.

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

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