Golden Dawn Announces the Closing of a $120,000 Private Placement



    TSX-V: GOM

    VANCOUVER, Feb. 26 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM) (the
"Company") is pleased to announce that further to its news release of February
17, 2009, the Company has now completed a non-brokered private placement of
$120,000 and accordingly has issued 1,000,000 units (the "Units") of the
Company at a price of $0.12 per Unit. The terms of the Units have been amended
such that each Unit is now comprised of one common share and one-half of one
share purchase warrant exercisable at $0.20 for two years from the date of
issue.
    The Company paid a cash trailer fee of 1% ($1,200.00) in connection with
a ROFR agreement with Aberdeen Gould.
    All of the securities issued pursuant to this private placement are
subject to a Canadian hold period expiring June 27, 2009.

    About the Company

    Golden Dawn Minerals Inc. is a junior exploration company with a
portfolio of properties prospective for precious and base metals with a focus
in Ontario's Kirkland Lake Region. Golden Dawn's strategy is to apply modern
technologies, advancing each property's potential with a longer range view of
marketing the property to major mining companies.

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

    "Freeman Smith"
    -------------------------
    Freeman Smith
    President/CEO

    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.
    





For further information:

For further information: GOLDEN DAWN MINERALS INC., 3929 WEST 30 AVENUE,
VANCOUVER, BC, V6S 1X2, Telephone: (604) 221-8936, Facsimile: (604) 221-8932

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Golden Dawn Minerals Inc.

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