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GOLDEN DAWN MINERALS INC.
TSX-V: GOM
FRANKFURT: 3G8C
OTC Pink: GDMRD
Golden Dawn Corporate Update

VANCOUVER, Canada, February 19, 2020, Golden Dawn Minerals Inc., (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), ("G
--->olden Dawn" or the "Company"), ") is pleased to announce that it is proceeding with a shares-for-debt filing to pay ou
--->tstanding debts of $161,752.48  Approximately 1,078,350 shares in the capital stock of the Company will be issued to p
--->ay these outstanding payables. The shares-for-debt agreement is subject to TSX Venture Exchange acceptance and, if iss
--->ued, will be subject to the customary four-month hold period.    

On behalf of the Board of GOLDEN DAWN MINERALS INC.
Per:  "Christopher R. Anderson"
 Christopher R. Anderson
Chief Executive Officer
 
For further information, please contact:
Golden Dawn Minerals Inc. - Corporate Communications: 
Tel: 604-488-3900 
Email: Office@goldendawnminerals.com

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation,
---> relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company 
--->believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct
--->. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identif
--->ied by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential
--->," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "
--->can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company 
--->cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management 
--->on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be n
--->o assurances that such statements will prove to be accurate and actual results and future events could differ material
--->ly from those anticipated in such statements. Except to the extent required by applicable securities laws and the poli
--->cies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if m
--->anagement's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results t
--->o differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Ve
--->nture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise suffic
--->ient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly avai
--->lable through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at
---> www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sal
--->e of any of securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful,
---> including any of the securities in the United States of America. The Company's securities have not been and will not 
--->be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not
---> be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulati
--->on S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption fr
--->om such registration requirements is available.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE AN
--->Y SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PR
--->IOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.