TSX-V: GOM

FRANKFURT EXCHANGE: 3G8

VANCOUVER, July 9 /CNW/ - Golden Dawn Minerals Inc (the "Company") (TSX-V:GOM) has signed a Letter of Intent to acquire a 100% interest in 6891667 Canada Inc, a private company. Consideration for the acquisition is 7,000,000 shares and 3,000,000 share purchase warrants of the Company. One warrant and $0.45 in cash enables the purchase of one share for twelve (12) months from closing. In addition, 6891667 Canada Inc. has the right to select a director to sit on the board of Golden Dawn Minerals. The acquisition is subject to approval by the TSX Venture Exchange

The assets of 6891667 Canada Inc consist of:

(a) An option to earn a 100% undivided interest in, and to,
    three (3) iron ore mineral property claims located in the Sault Ste.
    Marie mining district of Ontario

(b) a minimum of $910,000 in cash.

6891667 Canada Inc. is responsible for providing to the Company the
following:

(a) Audited financial statements for the period ended June 30, 2008;

(b) A National Instrument 43-101 compliant Technical Report on the
    Property

(c) Executed voluntary pooling agreements from each of the 6891667 Canada
    Inc shareholders with respect to the Shares issued.

(d) Details with respect to any financial or other liabilities of
    6891667 Canada Inc to any parties and encumbrances on the property
    other than the net smelter return royalty.

About the Iron Ore property

The property is located in Shields and Deroche Townships in the Algoma iron ore district of Ontario. Exploration work to date consists of blasting and stripping and some pits, which have exposed a sub-vertical iron formation (banded magnetite) over a strike length of greater than three (3) kilometres with widths up to 70 metres. No drilling or mining has occurred on the property. The property has not been subject to exploration since the 1960s. As noted, the Company will receive a NI 43-101 compliant Technical Report that will provide guidance with respect to future exploration.

On Behalf of the Board of Directors,

Bill McWilliam

President

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.