Golden Dawn Minerals Inc. Announces Non-Brokered Private Placement



    TSX-V: GOM
    FRANKFURT EXCHANGE: 3G8

    VANCOUVER, March 27 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM) (the
"Company") is pleased to announce a non-brokered private placement of up to
$550,000 through the sale of up to 1,000,000 flow-through units (the "FT
Units") of the Company at a price of $0.30 per FT Unit and up to 1,000,000
non-flow-through units (the "NFT Units") of the Company at a price of $0.25
per NFT Unit.
    Each FT Unit will consist of one flow-through common share and one-half
of one non-flow-through common share purchase warrant. Each whole warrant will
entitle the holder to purchase one additional non-flow-through common share of
the Company for a period of two years at a price of $0.40 per share. A
restriction on the warrants provides that if the Company's shares trade on the
TSX Venture Exchange at a price of $0.65 per share or higher for 20
consecutive trading days, then the warrants must be exercised within 30
calendar days of express written notice to the warrantholder or they will be
cancelled.
    Each NFT Unit will consist of one non-flow-through common share and one
non-flow-through common share purchase warrant. Each warrant will entitle the
holder to subscribe for one additional common share of the Company for a
period of two years at a price of $0.40 per share. A restriction on the
warrants provides that if the Company's shares trade on the TSX Venture
Exchange at a price of $0.65 per share or higher for 20 consecutive trading
days, then the warrants must be exercised within 30 calendar days of express
written notice to the warrantholder or they will be cancelled.
    A finder's fee will be payable with respect to any funds raised from
placees who are not insiders of the Company or their friends, family or
business associates, which finder's fee may be payable in cash and/or shares
in compliance with TSX Venture Exchange policies.
    Proceeds received from the sale of the FT Units will be used for work on
the Company's properties and proceeds received from the sale of the NFT Units
will be used for general working capital.
    The above transaction is subject to regulatory approval.

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

    "David Dobson"
    -----------------------------
    David Dobson
    President & Director

    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.

    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.





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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