Mr. Christopher Anderson reports

GOLDEN DAWN CORPORATE UPDATE

Golden Dawn Minerals Inc. has closed the final tranche of the non-brokered private placement previously announced on May 22, 2020, for gross proceeds of $120,000. A total of two million units were issued for this tranche. Each unit consists of one common share at a price of six cents per share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional Golden Dawn common share at an exercise price of eight cents during the 24-month period following the date of distribution of the units. The hold expiry date is Nov. 18, 2020.

The net proceeds from the offering will primarily be used by the company for continued exploration and maintenance of its Lexington project and other British Columbia mineral exploration projects, to advance the debt reorganization transactions, as well as for general working capital purposes.

The company has also completed its shares for debt previously announced on June 26, 2020, by issuing 222,000 common shares at a deemed price of 15 cents to settle outstanding debts for $33,300. The hold expiry date on these shares is Nov. 15, 2020

We seek Safe Harbor.