Golden Dawn Minerals : 2,736,012-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2016, and Sept. 26, 2016.

Number of shares: 2,736,012 shares

Purchase price: 32 cents per share

Warrants: 2,736,012 share purchase warrants to purchase 2,736,012 shares

Warrant initial exercise price: 40 cents

Warrant term to expiry: two years

Number of placees: 28 placees

Insiders: Mathew Ball, 125,000; Quorum Capital Corp. (Wolf Wiese), 500,000

Total pro group involvement: 50,000 (one placee)

Finder's fee: Canaccord Genuity Corp., $16,512 cash and 64,500 warrants

Finder's warrant initial exercise price: 40 cents

Finder's warrant term to expiry: valid for two years; can be exercised at 40 cents in first year and at 45 cents in second year

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

­­­­­­­­­'Wolf Wiese'
Wolf Wiese
Chief Executive Officer

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.