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Golden Dawn announces new drilling program on the Wild Rose – Tam O’Shanter Property, British Columbia, Canada

August 19, 2011

TSX-V:  GOM
FRANKFURT EXCHANGE:    3G8

VANCOUVER, Aug. 19, 2011 /PRNewswire/ – Golden Dawn Minerals Inc. (TSX-V: GOM) (FRANKFURT: 3G8), (the “Company” or “Golden Dawn”) is
pleased to announce receipt of  its amended 2011 Wild Rose drilling
permit from the British Columbia Ministry of Energy and Mines.  The
Company is planning a 10 to 20 hole drilling program to begin on the
Wild Rose portion of the Wild Rose – Tam O’Shanter Property, while a
drilling permit application is in progress for the Tam O’Shanter
drilling.

The 2011 drilling campaign area will test a number of targets and is
directed toward a number of goals including expanding the tonnage and
looking for new and higher grade zones associated with the Deadwood
Gold Zone. The Deadwood Gold Zone contains a recently determined
Inferred Resource of 19.4 million tonnes at an average grade of 0.45
grams per tonne (g/t) gold for a total of 279,300 ounces of gold (See
GOM News Release dated July 13, 2011).  Additionally, a number of
targets have been identified based upon the 2011 soil sampling
program.  For gold, 198 soil samples yielded greater than 50 parts per
billion (ppb) gold, including 29 soil samples yielding from 100 ppb to
a high of 447 ppb gold in the Wild Rose – Tam O’Shanter area.  For
copper, a total of 184 soil samples yielded greater than 200 parts per
million (ppm) copper with a total of 34 samples yielding from 500 ppm
copper to a high of 1,584 ppm copper.

The soil sample area is roughly 2.4 km by 2.1 km in areal extent.  The
purpose of the soil sampling grid was to identify further potential
extensions of the bulk tonnage Deadwood Gold Zone, along with potential
new higher grade gold-copper zones that might represent more proximal
portions of the hydrothermal system that is interpreted to have
generated the widespread alteration and gold-copper mineralization in
the area.

The soil sampling yielded a number of gold targets that require
follow-up drill testing including along strike of the Deadwood Gold
Zone.  A weak coincident arsenic and gold anomaly has been identified
along strike of the Deadwood Zone to the southeast of the Wild Rose
vein system.  A significant gold-copper anomaly has been identified
moving north from the Deadwood Gold Zone up to the northern boundary of
the property.  The gold-copper anomaly with numerous samples yielding
greater than 100 ppb gold and 200 ppm copper is spatially associated
with two magnetic anomalies that may be related to altered and weakly
deformed diorite or monzonite intrusions.  In addition, there are a
number of gold and/or copper in soil anomalies associated with historic
induced polarization (IP) chargeability anomalies east of and removed
from the main Deadwood Gold Zone trend.  A number of these anomalies
will be tested during the upcoming 2011 drilling program.

It is anticipated that the drilling contractor will commence
mobilization to the Greenwood area next week.

The drilling program will be supervised by Michael Dufresne, P.Geol., a
Qualified Person as defined by National Instrument 43-101. Mr. Dufresne
has reviewed and verified the contents of this release.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

“Wolf Wiese”
_______________________________
Wolf Wiese
Chief Executive Officer

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 POLIC
IES 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.

SOURCE Golden Dawn Minerals Inc.


Source: newswire



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