Mr. Wolf Wiese reports

GOLDEN DAWN RECEIVES MINISTRY OF MINES PERMIT TO CONDUCT UNDERGROUND DRILLING ON ITS GREENWOOD PRECIOUS METAL PROJECT, BRITISH COLUMBIA

Golden Dawn Minerals Inc. has received the Ministry of Mines permit to conduct underground diamond drilling exploration in the No. 7 adit at the May Mac mine, located on the 100-per-cent-owned Boundary Falls property on its Greenwood precious metal project, 3.0 kilometres south of the city of Greenwood, in south-central British Columbia. The May Mac mine has seven adits and has seen intermittent production over the past 100 years. Production ceased in 1982 coincident with the precipitous decline of precious metals.

May Mac mine

The company will drill the head of the tracked No. 7 adit to confirm the continuation of the en echelon AA-AB and C vein systems. These have been mined on the No. 4, No. 5 and No. 6 adit levels. The No. 4, No. 5 and No. 6 adits were mined over a vertical elevation difference as much as 80 metres below surface. The No. 7 adit is approximately 60 metres below the No. 6 adit. In 1976 four ore shipments to Cominco Smelter in Trail, B.C., from the B zone of No. 6 adit level had the grades in the attached table.

          Au      Ag     Cu      Pb     Zn
Tonnes   g/t     g/t      %       %      %   Note

 68.0    1.95   221.14   0.11   1.60   0.80   (1)  
 69.9    3.77   870.86   0.29   4.30   2.70   (2)   
 74.4    1.95   418.29   0.19   3.60   2.00   (3)  
 51.7    2.98   524.58   0.25   3.90   2.50   (4)  

(1) Cominco assay certificate 377211, June 25, 1976 
(2) Cominco assay certificate 377152, July 22, 1976 
(3) Cominco assay certificate 377226, Aug. 5, 1976 
(4) Cominco assay certificate 377234, Aug. 17, 1976 

The company will drill test to determine the extension of the vein systems to depth. Upon successful drill testing the company's expectations are for the development toward extraction of a 10,000-ton bulk sample.

Wild Rose mine

In addition to the work conducted on the May Mac mine, the company is applying for work permits to conduct further the development of the Wild Rose property. The proposed work is to included surface and underground diamond drilling and upon yielding successful results, further underground development toward extracting a 10,000-ton bulk sample from the Wild Rose property. The Wild Rose mine is located three kilometres north of the May Mac mine, mill and tailings impoundment complex.

The Wild Rose adit has encountered several well-mineralized, en echelon veins in surface diamond drilling and underground development. These include the Wild Cat, Wild Rose, Wild Rose No. 2 and Shaft veins.

Reported intercept grades are as follows.

Wild Rose vein No. 1

• DDH 86-11: 1.5 m at 7.6 grams per tonne gold and 7.8 g/t silver;
• DDH 87-3: 2.3 m at 7.2 g/t Au and 11.0 g/t Ag.

Wild Rose vein No. 2

• DDH 87-4: 2.5 m at 2.5 g/t Au and 2.5 g/t Ag;
• DDH 87-9: 2.0 m at 7.7 g/t Au and 4.3 g/t Ag.

Wild Cat vein

• DDH 92-41: 1.3 m at 13.97 g/t Au;
• Adit sample: 1.2 m at 10.0 g/t Au and 2.2 per cent copper.

This vein system has been encountered in and immediately adjacent to the 350 metres of underground development in the Wild Rose adit. The Wild Rose vein system appears to extend into the Deadwood low-grade bulk-tonnage epithermal deposit for approximately 1,200 metres, where high-grade intersections over a metre have been encountered by historical drilling as well as recent diamond drilling by the company. The company recently announced an inferred National Instrument 43-101-compliant resource * of 415,000 ounces of gold and 24 million tons grading 0.53 gram of gold p/t, with a cut of grade of 0.3 g/t gold in the Deadwood epithermal zone (see news release Dec. 11, 2012).

Wayne Ash, PEng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the contents of this release.

* Inferred mineral resources are not mineral reserves. Inferred mineral resources do not have demonstrated economic viability, and may never be converted into reserves.

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