TSX-V: GOM

VANCOUVER, Aug. 8 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM) (the "Company") is pleased to announce that further to its news release of July 10, 2008, the Company has now completed the flow-through portion of its non-brokered private placement and accordingly has issued 812,500 flow-through units (the "FT Units") of the Company at a price of $0.20 per FT Unit. Each FT Unit is comprised of one flow through common share and one non-flow-through warrant exercisable at $0.30 for two years from the date of issue, subject to forced acceleration in the event the Company's shares trade at a price of $0.65/share or higher for 20 consecutive trading days.

The Company paid a cash finder's fee in the amount of $1,625.00 in connection with this private placement.

All of the securities issued pursuant to this private placement are subject to a Canadian hold period expiring December 1, 2008.

Golden Dawn Minerals Inc. is a junior exploration company with a portfolio of properties prospective for precious and base metals located in British Columbia's Toodogone Region and Ontario, Canada. Golden Dawn's strategy is to apply modern technologies, advancing each property's potential with a longer range view of marketing the property to major mining companies.

ON BEHALF OF THE BOARD OF DIRECTORS OF

GOLDEN DAWN MINERALS INC.

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Bill McWilliam

President/CEO

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