VANCOUVER, Canada, November 8, 2021, Golden Dawn Minerals Inc., (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), (“Golden Dawn” or the “Company”), is pleased to announce it has arranged a non-brokered private placement of up to 5,000,000 flow through shares at a price of $0.20 per share for gross proceeds of $1,000,000. 

Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of $0.30 for 24 months after closing. The net proceeds from the offering will be used by the Company for continued exploration on its Greenwood precious metals projects in southeastern British Columbia. 

A finder’s fee may be paid to eligible finders in accordance with the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders’ fees are both subject to approval by the TSX-V. Directors, officers or other insiders of the company may participate in the foregoing offerings. 

The Company also announces it will not be proceeding with the non-brokered private placement announced on September 27, 2021. 

On behalf of the Board of GOLDEN DAWN MINERALS INC. 

Per: “Christopher R. Anderson” 

Christopher R. Anderson 

Chief Executive Officer 

For further information, please contact: 

Golden Dawn Minerals Inc. – Corporate Communications: 

Tel: 604-488-3900 

Email: Office@goldendawnminerals.com