Dawson Gold Corp.

Dawson Gold Corp.

January 19, 2012 20:10 ET

Dawson Gold Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2012) - Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold" or the "Company") announces that, further to the news release of December 21, 2011, the Company continues to seek financing through the previously announced private placement.

The non-brokered a private placement consists of up to 16,000,000 units of the Company at a price of $0.05 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire a further share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder's fee of 6% in cash and finder's warrants on all or part of the private placement in accordance with the policies of the TSX-V. The proceeds from the private placement will be used to fund exploration on the Company's Toro project in Yukon and for general working capital purposes.

About Dawson Gold Corp.

Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson's cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the board of directors

Paul D Gray, P.Geo, Chief Executive Officer

Dawson Gold Corp.

For additional information please visit the Company's website at www.dawsongold.com.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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