Announcing Proposed Private Placement of up to $ 25,000

Vancouver, August 22, 2013 - Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8N) (the "Company" or "Golden Dawn") announces that it intends to complete a non-brokered private placement. The private placement will consist of up to 2,500,000 Units at a price of $0.01 per Unit for aggregate proceeds of up to $25,000. Each Unit will be comprised of one common share and one transferrable purchase warrant which will entitle a holder to acquire one additional common share for a period of two years at a price of $0.05 before the first anniversary date of the issuance or $0.10 thereafter. Wolf Wiese, the President, CEO and a director of the Company, will be subscribing, through his affiliate company, for up to 1,000,000 Units. The Company plans to use the proceeds of this private placement to reduce its current financial obligations and to maintain its daily operations ($23,200) and to pay the wages of its corporate secretary, a Related Party (as such term is defined in the policies of the TSX Venture Exchange) ($1,800).

Completion of the financing is subject to regulatory approval from TSX Venture Exchange. Approval of the private placement is being sought pursuant to the TSXV's Notice to Issuer dated August 7, 2013, regarding Private Placements - Extension and Modification of Temporary Relief from Certain Pricing Requirements.

This private placement has been approved by the Company's Board of Directors, excluding Mr. Wiese, as he has a direct interest in the private placement.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

---------"Wolf Wiese"______

----Wolf Wiese

President/ Chief Executive Officer

For further information, please contact:

Investor Relations

604-221-8936

allinfo@goldendawnminerals.com

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 COMPANY'S 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.

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