🕐14.05.12 - 21:27 Uhr

GOLDEN DAWN UPDATE



GOLDEN DAWN MINERALS INC. TSX-V: GOM FRANKFURT EXCHANGE: 3G8 NEWS RELEASE GOLDEN DAWN ANNOUNCES SHARE CONSOLIDATION Vancouver, May 14th, 2012 – Golden Dawn Minerals Inc.

(TSX-V: GOM; FRANKFURT: 3G8) (the “Company” or “Golden Dawn”) is pleased to announce that the TSX Venture has approved the consolidation of its common shares ("Common Shares") on the basis of three (3) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the "Consolidation").

The Consolidation will be effective as of the opening of trading on Tuesday, May 15, 2012.

Golden Dawn’s shareholders authorized the Consolidation at the special meeting of shareholders held on May 1, 2012.

The Companys Common Shares will begin trading on a post-consolidation basis on the TSX Venture Exchange ("TSXV") at the opening of markets on May 15, 2012 under the current symbol "GOM". As a result of the Consolidation, the 112,816,692 issued and outstanding Common Shares will consolidate into approximately 37,605,564 Common Shares.

Any fractional shares resulting from the consolidation comprising less than ½ common share will be rounded down to the nearest whole number, and any fractional shares comprising greater than or equal to ½ common share will be converted into one whole common share. The Companys currently outstanding stock options and share purchase warrants will be adjusted on the same basis with proportionate adjustments being made to the exercise prices. Letters of transmittal will be mailed to the registered holders of the Company’s Common Shares, requesting that they forward their pre-consolidation Common Share certificates to the Companys transfer agent, Computershare Trust Company of Canada, for exchange for new Common Share certificates representing their Common Shares on a post-consolidation basis.

Additional copies of letters of transmittal can be obtained from, and inquiries regarding letters of transmittal can be directed to Computershare’s Corporate Actions department (by phone at 1-800-564-6253 or by e-mail to ). On behalf of the Board of Directors: GOLDEN DAWN MINERALS INC. ¬¬¬¬¬¬¬¬¬“Wolf Wiese”______ ¬¬¬¬Wolf Wiese President/ Chief Executive Officer
For further information, please contact: Mike Poulin Investor Relations 604-630-6793 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.

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