Exploration Permit Received For The Phoenix Area

VANCOUVER – Golden Dawn Minerals Inc. has received an exploration permit for the Phoenix property in Greenwood, BC.

The new, multi-year area-based exploration permit is for trenching and drilling the Phoenix group of claims held by Kettle River Resources Ltd., which is a subsidiary of Golden Dawn Minerals Inc. The Kettle River properties includes the Tam O’Shanter and Phoenix claim groups. The Tam O’Shanter group contains the Deadwood gold deposit, with and Inferred Mineral Resource of 874,000 tonnes grading 0.66 grams per tonne gold. The Phoenix group covers 9,817.51 ha. and includes several historic copper-gold and silver mines, with past production at the historic Phoenix deposit reported as 27 million tonnes at a grade of 0.9% Copper and 1.12 g/t Gold.

The new exploration permit will allow exploration trenching and drilling in areas north of the Phoenix mine, including Sylvester K, Gilt Edge (Cu-Au), Minnie Moore (Ag-Au) and Summit/R. Bell (Au) prospects. The Sylvester K exploration target is 150,000 – 250,000 tonnes with a grade range of 6-8 g/t Au. (The potential quantity and grade of this exploration target is conceptual in nature; there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the targets being delineated as a Mineral Resource).

The Gilt Edge is a copper-gold mineral occurrence with similarities to the nearby Phoenix deposit. Mineralization consists of disseminated pyrite and chalcopyrite. The exploration potential is a depth extension of disseminated mineralization exposed at surface.

The Minnie Moore is silver-bearing epithermal style quartz-carbonate breccia vein hosted in limestone. The Minnie Moore vein ranges from 2.9 to 8.5 m wide and is bounded by faults. Chip sampling has returned high-grade silver mineralization over significant widths including 8.5 m of 414 g/t Ag, 5.9 m of 432 g/t Ag and 6.2 m of 1044 g/t Ag. The Summit showing comprises irregular epithermal quartz veins carrying high gold values, hosted in limestone. In 1995, trench sampling returned an average grade of 9.8 g/t Au across 10 m.

Golden Dawn Minerals Inc. acquired the Kettle River properties to provide a pipeline of exploration projects that could possibly provide material to feed its 200 tonne per day processing plant, described in the May 5, 2017 PEA Technical Report. The Company is pleased to be permitted for exploration work and be able to start work towards discovering additional resources.

The company’s address is 888 Dunsmuir Street, Suite 888, Vancouver, V6C 3K4, (604) 221-8936, goldendawnminerals.com.