Vancouver, BC, January 19, 2010 - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") is pleased to announce that the Company has signed a letter of intent to form a joint venture (the "JV") with Nass Valley Gateway Ltd. (CNSX: "NVG") by assigning 100% of its option to acquire the following Gold properties These properties are referred to as the Central Catharine property, the Link-Catherine property and the 80-Foot-Fall property, all of which are located in the Boston-Skead gold belt of northeastern Ontario, Canada.

Gold mineralization in this belt occurs with quartz, quartz-sulphide veins and veinlets in Archean volcanic rocks that have been intruded by a granitic batholith. This crescent-shaped gold belt is 25 km south of the Kirkland Lake gold belt that has produced 24 million ounces of gold in the past century of mining.

Under the terms of the letter of intent, the Company retains 20% interest in the property and enters into a 20% to 80% JV with Nass Valley Gateway. NVG is required to spend $1,000,000 in exploration expenditures, make $120,000 in property payments and issue 600,000 common shares over three years, of which 450,000 shares will be issued to Golden Dawn Minerals Inc and 150,000 shares will be issued to the original vendor of the property in order for NVG to earn 80% ownership of these properties.

ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDEN DAWN MINERALS INC.

'Wolf Wiese'
President/CEO

For further information: GOLDEN DAWN MINERALS INC.
575-1111 West Hastings Street,
VANCOUVER, BC, V6E 2J3
Telephone: (604) 221-8936
Facsimile: (604) 685-2360
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.