Golden Dawn's VMS Property near Stewart, B.C., returns encouraging gold, silver, copper, lead and zinc values



    TSX-V: GOM
    FRANKFURT: AOMUA1

    VANCOUVER, Jan. 15 /CNW/ - Mr. David Dobson, President of Golden Dawn
Minerals Inc., (TSX-V:GOM) (the "Company") is pleased to report the 2007
exploration program carried out on the Company's VMS Property located 55 km
S.E. of Stewart, B.C. Exploration conducted during August, 2007 on the
Company's VMS property has enhanced the potential for precious metals-rich
massive sulphide deposits and possibly bulk tonnage precious metals and
molybdenum mineralization.
    The mineralization encountered to date on the VMS area bears resemblance
to four other areas being drilled or produced in the region: the Homestake
Ridge gold zone lying some 20 km to the North of the VMS; the Eskay Creek
gold-silver Mine of Barrick Gold, lying some 40 km north of Stewart; and the
Mitchell gold-copper deposit of Seabridge and the nearby Snowdrift
gold-copper-molybdenum deposit of Silver Standard, lying 15 km southeast of
the Eskay Creek area. These deposits encompass both gold-silver rich massive
sulphide types and bulk-tonnage gold-copper-molybdenum intrusive and
structurally controlled mineralization.
    The Company's August 2007 program on the VMS property consisted of
prospecting, rock sampling, stream sediment sampling, MMI soil sampling,
magnetic surveying, and VLF-EM surveying.
    The VMS property is situated immediately east of the Coast Crystalline
physiographic belt of the northwestern Cordillera and occurs in volcanic and
volcaniclastic formations. This geological setting in British Columbia has
been a very prolific host for important mineral deposits. The mineral
potential for the VMS property is believed to include both gold and
stratabound massive sulphide deposits and four promising areas have been
identified:

    
    1.  The Boulder Zone, which consists of an area of mineralized boulders.
        Helicopter reconnaissance located the probable source in outcrops
        above the boulder float.

    2.  The Main Gossan Zone, which is to the north of Lahte Creek.

    3.  The Western Gossan Zone, which is located 800 meters southwest of the
        Main Gossan Zone.

    4.  The Float Zone, which consists of float, that helicopter
        reconnaissance indicated that it probably originated from the south
        side of an ice field within an intense gossan zone.

    The 2007 program revealed very encouraging results as follows:

    1.  Thirty-six rock samples were selected, several of which returned
        elevated metal values as shown in the following table. Numerous other
        anomalous gold values ranging from Au .05 ppm to Au 4.0 ppm were
        found in rock samples assayed and below is a selection of these
        samples.

    -------------------------------------------------------------------------
    SAMPLE                   Cu (%)   Pb (%)  Zn (%)  Ag (gm/mt)  Au (gm/mt)
    -------------------------------------------------------------------------
    VMS-07 R17, float
     from Boulder Zone       2.556     0.01    0.01       8         0.33
    -------------------------------------------------------------------------
    VMS-07 R18, float
     from Boulder Zone       0.804     0.08    0.03       3         0.09
    -------------------------------------------------------------------------
    VMS-07 R19, float               less than         less than
     from Boulder Zone        1.04      .01    0.01       2         0.07
    -------------------------------------------------------------------------
    VMS-07 R22, float                                 less than
     from Boulder Zone       2.051     0.02    0.01       2          3.6
    -------------------------------------------------------------------------
    VMS-07 R28, 2-meter
     chip sample, Western
     Gossan Zone              0.16     2.44    5.05      11         0.06
    -------------------------------------------------------------------------
    VMS-07 R29, 4-meter
     chip sample, Western
     Gossan Zone             0.014     1.33    3.63       9         0.06
    -------------------------------------------------------------------------
    VMS-07 R30, 0.4-meter
     chip sample, Western
     Gossan Zone              0.01     0.99    2.45       9         0.07
    -------------------------------------------------------------------------

    2.  A total of 75 MMI samples were collected across a grid with
        3900 meters of survey length, located within the lower gossan zone
        which is to the immediate south of the Main Gossan Zone. Magnetic and
        VLF-EM surveying was also carried out. The MMI sampling revealed four
        anomalies that may reflect base metal mineralization with gold and
        silver values. All four anomalies strike northerly and occur around
        and within a magnetic high that is likely reflecting a volcanic rock-
        type. They also correlate with VLF-EM conductors that may be
        reflecting sulphide mineralization and/or associated fault and shear
        zones. The anomalies are described as follows:

        (a) Anomaly A has a minimum strike length of 200 meters being open to
            the north and to the south. It contains very strong silver, lead,
            and zinc values as well as gold and copper values. The strength
            of the anomaly strongly suggests it is reflecting vein-type
            mineralization.

        (b) Anomaly B occurs to the immediate west of A and consists of
            strong gold, silver, lead, zinc, and copper values. It has a
            minimum strike length of 450 meters being open to both the north
            and south. The anomaly is also strongly indicative of base metal
            mineralization with gold and silver values.

        (c) Anomaly C occurs about 150 meters to the east of A and consists
            of values in silver, copper, gold, lead, and zinc. It has a
            minimum strike length of 150 meters, also being open to both the
            north and south.

        (d) Anomaly D is primarily a molybdenum anomaly occurring 125 meters
            to the west of anomaly A. It also contains anomalous values in
            nickel and copper. This anomaly has a minimum strike length of
            450 meters, being open to the north and south.
    

    The quoted metal values are consistent with the possible presence of
volcanogenic-style mineral deposits and the elevated copper and gold values in
samples VMS-07 R17 and VMS-07 R 22, despite being from boulders, are
encouraging signs that the Boulder Zone may be proximal to a valuable VMS
deposit. The Company plans a comprehensive drill program in 2008. Possible
drill sites have been identified on the higher slopes above the Zone.
    Further data processing is in progress and further property evaluation
work is planned for the 2008 field season.
    Eric Ostensoe, P. Geo., the Qualified Person as defined in National
Instrument 43-101, has read and reviewed this press release for Golden Dawn
Minerals Inc.

    On Behalf of the Board of Directors,

    "David Dobson"

    President/CEO

    Golden Dawn Minerals Inc.

    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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