FireFox Gold

Golden Dawn Minerals Inc.: Closing of the Second Tranche of the Company's Private Placement for $302,500

Vancouver, British Columbia--(Newsfile Corp. - December 17, 2015) - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FSE: 3G8A) (the "Company" or "Golden Dawn") reports that the Company has closed its second tranche of a non-brokered private placement financing of 1,220,000 non flow-through units (the "NFT Units") at $0.10 per NFT Unit and 1,805,000 flow-through units (the "FT Units") at $0.10 per FT Unit, both with a full warrant exercisable for two years at $0.125 per share in the first year and $0.15 in the second year, for a total of $302,500 ($180,500 and $122,000respectively). This transaction is subject to TSX-V approval.

The FT units will be used to conduct mining and explorations at The Companies May Mac Mine. The NFT funds will be used for working capital.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.

"Wolf Wiese"
Wolf Wiese
Chief Executive Officer

For further information, please contact:
Corporate Communications
604-
221-8936
This email address is being protected from spambots. You need JavaScript enabled to view it.

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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FIREFOX GOLD (TSX.V: FFOX)

FireFox Gold

Firefox Gold is focused on finding gold deposits in Finland. The Company is actively exploring a strategic property portfolio in the Central Lapland Greenstone Belt, host to multiple recent new gold discoveries. FireFox is tightly structured... LEARN MORE