Golden Dawn Completes Second of Three Phases of Huakan Greenwood Acquisition

VANCOUVER, BC / ACCESSWIRE / April 25, 2016 / Golden Dawn Minerals Inc. (TSXV: GOM) (FSE: 3G8A) (the “Company” or “Golden Dawn”) reports that it has completed the second of three phases of the option agreement with Huakan International Mining Inc., announced April 12, 2016, which can be viewed here: http://www.goldendawnminerals.com/golden-dawn-signs-option-agreement-with-huakan-and-solicits-secured-debenture-funding-for-greenwood-project/

To complete the second phase of the option agreement the Company has issued one million units each consisting of one common share and one share purchase warrant which may be exercised at a price of $0.20 cents per share for a period of two years from the date of issuance, as well as $30,000 cash. For complete details of the Huakan option agreement outlined in the previously signed LOI, please see news release dated February 24, 2016 here: http://www.goldendawnminerals.com/golden-dawn-signs-loi-with-huakan-mining-international-inc-to-acquire-greenwood-gold-project-mines-and-milling-complex/

The Company is financing the Greenwood acquisition consisting of a 200 t/day mill expandable to 400 t/d, all associated buildings, including a 400,000 tonne tailings facility, all real property and property rights, mineral claims comprising the Lexington-Grenoble and Golden Crown mines, all equipment, supplies, vehicles, permits, reports documents, and other associated assets, primarily, by way of a debt financing, the terms of which are below.

TERM SHEET

SECURED DEBENTURE WITH GOLD CONVERSION OPTION

The Debenture financing is subject to TSXV approval. It is expected the first tranche of the Offering will close by May 31^st, 2016 and the second tranche by July 15^th, 2016, for up to US $10,000,000 accumulative.

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
allinfo@goldendawnminerals.com

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.

SOURCE: Golden Dawn Minerals Inc.

ReleaseID: 439153