Vancouver, BC, Thursday 4, 2010 – Golden Dawn Minerals Inc. (TSX-V: GOM)(the “Company”) is pleased to announce that further to its news release of January 27, 2010, the Company has now closed, subject to TSX approval, a non-brokered private placement of $240,995 with a subscription of 4,819,890 units (the “Units”) of the Company at a price of $0.05 per Unit. Each Unit comprises of one non-flow through common share and one half of one non-flow through common share purchase warrant (the “warrant”). Each whole warrant will entitle the holder to subscribe for one additional common share of the Company for $0.12 per share within two years of the date of issuance.

The Company will pay a finder’s fee of $5,000 and 50,000 broker warrants to PI Financial Corp.

All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period of four months from the date of issuance and may not be traded in British Columbia during that period except as permitted by the applicable Securities Acts and the Rules made thereunder and the TSX Venture Exchange.

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

“Wolf Wiese”

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

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.