Vancouver, BC, October 15, 2009 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") ) is pleased to announce the acquisition of 5 claim bocks in the vicinity of the recent spectacular Red Cliff gold discovery announced by Decade Resources Ltd, in the Stewart area of coastal northern British Columbia, Canada. These Golden Dawn Minerals blocks cover five different gold-silver-base metal showings lying south, north, and northwest of the Decade discovery area. Three blocks lie within the Hazelton Group of volcanics and volcanic-associated sediments which contain not only the Decade discovery prospect, but also the Stikine deposit, a current high-grade gold-silver producer, and the Silbak-Premier Mine, a former prolific high-grade gold-silver producer. The other two blocks lie within the contact of plutonic and sedimentary rocks.

The acquisition requires an aggregate cash payment of $60,000, 4,650,000 common shares and 2,325,000 warrants over a period of time. The warrants are exercisable @ $0.12 in the first year and $0.20 in the second.

Each of the five claim groups either contains mineral showings or is located close to old prospects and historical small producers. Within the claim blocks, the most prominent are the Nurse showing where a 1987 grab sample assayed 473g/tonne silver, 53.3 % lead, 7.8% zinc, 0.16 % copper and 0.2 g/tonne gold; and the Jim showing where a 1911 (grab?) sample returned 64 g/tonne gold. All results are historical in nature, have not been confirmed by the Company, and are non-compliant with NI 43-101. They should not be relied upon for investment purposes, and are included here to demonstrate the existence of historical work and the presence of precious and base metal values.

Planning of a field program for next year will be assisted by a brief reconnaissance of the projects this season and subject to access before snow cover. Reinterpretation of the nature and controls of deposits in the Stewart belt in recent years, to include a volcanogenic-stratigraphic control on many of the rich gold-silver-base metal occurrences, has prompted a re-evaluation of all known prospects. Decade Resource's recently released high grade intersections over wide intervals and Bravo Venture Group's emerging gold-silver deposit in the eastern portion of the belt have stimulated recent activity throughout the region.

This release has been read and reviewed by Stewart A Jackson, PhD, P.Geol. for release by Golden Dawn Minerals.

ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDEN DAWN MINERALS INC.
'Wolf Wiese
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
www.goldendawnminerals.com

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.