Vancouver, November 8, 2015 – Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A) (the “Company” or “Golden Dawn”) provides an update of the current drilling program on the Greenwood Precious Metal Project, located 5 km West of the City of Greenwood in South Central B.C. in the historic Boundary mining district, 500 km East of Vancouver.

Three drill holes have been completed for 180 of the planned 1500 metre program. These first 3 holes targeted the lower vein in the vicinity of the historic May-Mac mine #2 adit. All three holes intersected the mineralized zone, which consists of a quartz vein and/or stock-work veined zone with coarse iron sulphides in the veins and host rocks, and lead and zinc sulphides locally in the veins. The intercept core lengths range between 1.3 and 5.4 metres. These intercepts confirm the geological continuity of the mineralized zone along strike approximately 50 metres from its outcrop. Assay results are pending. The mineralization is similar to that observed where elevated gold and or silver values were obtained from rock panel sampling from the May-Mac Mine, as announced in a news release dated Oct 22, 2015.

In addition (the “Company” or “Golden Dawn”), announces that the Company intends to raise up to $1,125,000 by way of a non-brokered private placement (the “Offering”) of units (“Units”) of the Company at a price of $0.125 per Unit. Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company. The Offering is subject to TSX Venture Exchange (“TSXV”) final acceptance.

Any existing shareholders interested in participating in the Offering should contact the Company pursuant to the contact information set forth below.

 

 

The Offering

The maximum Offering is up to 9,000,000 Units for gross proceeds of up to $1,125,000.   Each Unit will consist of one common share in the capital of Golden Dawn (the “Common Shares”) and one Common Share purchase warrant (the “Warrants”). Each Warrant will be exercisable into one Common Share for a period of three years at a price of $0.13/share during the first year of the exercise period, $0.18/share during the second year of the exercise period and $0.20/share during the third year of the exercise period.

A finder’s fee of cash, Common Shares or Warrants, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering that is not subscribed for by existing shareholders.

The proceeds of the Offering will be used for surface, and underground drilling, extending the #7 and or #2 adits, to delineate sufficient mineralized material for extraction of a bulk sample for trial mining and working capital.

The securities issued in connection with the Offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities.

Existing Shareholder Exemption

Depending on demand and regulatory requirements, a portion of the Offering may be made in accordance with the provisions of the existing shareholder exemption (the “Existing Shareholder Exemption”) contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the Existing Shareholder Exemption is not available in Ontario or Newfoundland and Labrador). In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions, including sales to accredited investors, family and close personal friends and business associates of directors and officers of the Company.

The Company has set November 17. 2015 as the record date for the purpose of determining existing shareholders entitled to purchase Units pursuant to the Existing Shareholder Exemption. Subscribers purchasing Units under the Existing Shareholder Exemption will need to represent in writing that they meet certain requirements of the Existing Shareholder Exemption, including that they were, on or before the record date, a shareholder of the Company (and still are a shareholder). The aggregate acquisition cost to a subscriber under the Existing Shareholder Exemption cannot exceed $15,000 unless that subscriber has obtained advice from a registered investment dealer regarding the suitability of the investment. Unless the Company determines to increase the gross proceeds of the Offering and receives TSXV approval for such increase, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $1,125,000, Units will be allocated pro rata amongst all subscribers qualifying under all available exemptions.

The technical disclosure in this news release has been reviewed and approved by Dr. Mathew Ball, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

For more details, please see the NI 43-101 Technical Report on the Company’s website at www.goldendawnminerals.com.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

­­­­­­­­­“Wolf Wiese”______

­­­­Wolf Wiese

Chief Executive Officer

For further information, please contact:

Corporate Communications

604-221-8936                                     

allinfo@goldendawnminerals.com

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.