/CNW/ - GOLDEN DAWN MINERALS INC. (the Company) is increasing the private placement announced on September 3, 2010 from $1,000,000 to $1,200,000. The private placement will now consist of 24,000,000 units of $0.05 per unit. Each unit consists of one non flow through share and one non flow through warrant, exercisable at the price of $0.10 in the first year following date of issue and at a price of $0.12 in the subsequent year. Should the private placement be oversubscribed, the Company will issue up to 2,400,000 additional units.

The Company wishes to announce a second tranche of a private placement consisting of 737,500 units at $0.20 per unit for total proceeds of $147,500. Each unit consists of three flow through shares, one non flow through share and two flow through warrants exercisable at a price of $0.12 in the first year following the date of issue and at a price of $0.15 in the subsequent year.

The Company will use these funds toward a drilling program on its Greenwood properties in British Columbia and working capital. The Company is currently waiting for its drill permit for the Wild Rose property and will be applying for drill permits for the Boundary Falls and Royal Attwood properties.

ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN DAWN MINERALS INC.
Wolf Wiese

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Wolf Wiese
President/CEO

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANYS CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.