TSX-V: GOM

FRANKFURT: 3G1

VANCOUVER, April 29 /CNW/ - Golden Dawn Minerals Inc. (the "Company") is pleased to announce that it has signed a property acquisition agreement whereby the Company will acquire the Timmins Bonanza Gold property from Super Nova Minerals Corp. for a cash payment of $15,000 and the issuance of 800,000 common shares of the Company, subject to TSX-V approval. The property is subject to a 3% net smelter return (NSR). The Company may re-purchase 2.5% of the 3% net smelter return royalty in consideration for a cash payment of three million dollars ($3,000,000)

The Bonanza Gold property is comprised of 25 claim units (100 acres) located in Ogden Township, Porcupine Mining Division, and Ontario, Canada. It is approximately eight km south-west of the City of Timmins. Access to the property is via an all-weather road.

The property lies within the Achaean Abitibi Greenstone Belt. A major structural break, the Destor-Porcupine Fault traverses the Timmins area. Virtually all past-producing and producing gold mines are in the proximity of this major east-west trending fault system. In total, the Timmins-Porcupine Camp has produced more than 50 million ounces of gold.

The northern half of the Bonanza Gold property straddles a portion of the Porcupine Destor Fault Zone, and is situated along strike (800m) from the past-producing Desantis Mine, which produced 38,842 ounces of gold in the 1930's, and has been the target of recent exploration work.

Since the early 1900's, the northern portion of the claim group was patented, until June 2006, at which point the mining rights became available for staking. For this reason, there is very little historic geological information on the property available in the assessment files.

Preliminary prospecting on the property has located an area of outcropping comprised of green carbonate with numerous quartz stringers and disseminated sulphides, often indicative of elevated gold content in the rock.

Proposed preliminary work on the Bonanza property by the company will take the form of cutting a detailed grid and conducting a magnetometer survey. This will form a template on which all other work programs will be based. Estimated cost of this phase is $20,000 - $30,000. As disseminated sulphides have been observed on the property, additional coverage with induced polarization geophysical survey will be considered to determine if sulphide-bearing zones can be defined. Stripping and sampling of the green carbonate zone will also be carried out. After the data are compiled, a diamond drill program will be considered to test areas of interest. The access to this property will allow work programs to be conducted at any time of the year, with the initial program scheduled for this summer 2008.

On Behalf of the Board of Directors,

"David Dobson"

President/CEO

Golden Dawn Minerals Inc.

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL

RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER

APPROVES NOR DISAPPROVES OF THIS PRESS 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.