Mr. Mathew Ball reports

GOLDEN DAWN ANNOUNCES NOTICE OF DEFAULT AND UPDATE TO MANAGEMENT CEASE TRADE ORDER APPLICATION

Golden Dawn Minerals Inc., further to its news release dated March 15, 2019, has received a management cease trade order (MCTO), effective April 2, 2019, from the British Columbia Securities Commission (BCSC). The MCTO will remain in effect until the company is no longer in default with respect to its filing requirements.

The company did not meet the filing deadline for its audited annual financial statements, management's discussion and analysis, and chief executive officer and chief financial officer certificates for the year ended Nov. 30, 2018, in accordance with National Instrument 51-102 (Continuous Disclosure Requirements), as a result of the unexpected departures of the company's former CEO, Wolf Wiese, due to a serious health issue, and the company's former CFO, Andrea Yuan, to pursue other business interests.

The company and its auditors are working diligently to prepare the financial statements and expects to file the required annual filings by May 31, 2019. The company intends to satisfy the provisions of the alternative information guidelines under National Policy 12-203 (Cease Trade Orders for Continuous Disclosure Defaults), by issuing biweekly default status reports in the form of press releases so long as it remains in default of the filing requirements.

We seek Safe Harbor.