Golden Dawn Increases and Closes First Tranche of Private Placement for Total Proceeds of $2,008,995

VANCOUVER, BC--(Marketwired - September 07, 2017) - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX VENTURE: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the "Company" or "Golden Dawn") announces that, subject to regulatory approval, the Company has increased and closed the first tranche of its non-brokered private placement announced on August 24, 2017 by raising $2,008,995. The Company issued 5,189,455 flow through units (the "FT Units") at $0.285 per FT Unit and 2,120,000 non-flow through units (the "NFT Units") at $0.25 per NFT Unit. Each FT Unit or NFT Unit includes one transferable warrant exercisable at $0.30 for two years from the date of issuance, for a total of 7,309,455 warrants issued with an expiry date of September 7, 2019.