Mr. Wolf Wiese reports

CHANGE OF BOARD FOR GOLDEN DAWN

Derek Liu has resigned his position as chief financial officer and director of Golden Dawn Minerals Inc. as of May 31, 2013. Mr. Liu is perusing alternative opportunities, and the company wishes him success and thanks him for his contribution during his tenure with the company.

Wolf Wiese also reports that, effective as of today, John da Costa has joined the board of directors and will replace Mr. Liu as CFO of the company. The board of directors is pleased that Mr. da Costa has decided to join the team and is looking forward to working with him.

Mr. da Costa, 48, has more than 20 years of experience providing bookkeeping and accounting services to both private and public companies and is the founder and president of Da Costa Management Corp., a company that has provided management and accounting services to public and private companies since August, 2003. Mr. da Costa currently serves as the CFO, treasurer and a director of Red Metal Resources Ltd., a company reporting under the Securities Exchange Act of 1934, as amended, and engaged in the business of acquiring and exploring mineral claims. In addition to Red Metal, Mr. da Costa serves as the CFO, corporate secretary and a director of Poly Shield Technologies Inc., a company reporting under the Exchange Act and engaged in the development and marketing of environmental, energy saving and durability solutions. Mr. da Costa also currently serves as CFO, secretary and a director of Kesselrun Resources Ltd., a Canadian reporting company listed on the TSX Venture Exchange engaged in the business of acquiring and exploring mineral claims.

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