Vancouver, BC, June 30, 2009 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") is pleased to announce a non-brokered private placement offering of up to $300,000 through the sale of up to 3,571,428 units (the "Units") of the Company at a price of $0.07 per Unit. Each Unit is comprised of one non-flow-through common share at a price of $0.03 (the "Hard Dollar Shares"), one flow-through share at a price of $0.04 per share (the "FT Shares") and one non-flow-through common share purchase warrant (the "Warrants"). Each warrant will entitle the holder to subscribe for one additional common share of the Company for $0.12 for the first year and $0.20 for the second year. The company also proposes a non-brokered private placement offering of up to $100,000 through the sale of up to 2,500,000 FT shares at a price of $0.4 with no warrant attached.

A commission of up to 10% in units or shares or cash will be applicable to this financing; finder's fees may also be applicable subject to TSX-V parameters.

Proceeds received from the sale of the FT shares will be used for work on the Company's properties and proceeds received from the sale of the NFT Units will be used for general working capital.

The above transaction 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.

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.