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Golden Dawn Announces Closing of First Tranche of Company’s Private Placement for $1,649,062

VANCOUVER, BC–(Marketwired – May 12, 2017) – Golden Dawn Minerals Inc., (TSX VENTURE: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the “Company” or “Golden Dawn“) reports that the Company has closed the first tranche of a non-brokered private placement financing of 4,922,574 flow-through units (the “FT Units“) at $0.335 per FT Unit with a half warrant exercisable for two years, for total proceeds of $1,649,062. Each whole FT warrant can be exercised at $0.40 per share for a period of 24 months from the date of issuance. This transaction is subject to TSX-V approval.