Golden Dawn Minerals Inc.
TSX VENTURE : GOM
FRANKFURT : 3G8N

Golden Dawn Minerals Inc.

February 26, 2014 16:50 ET

Golden Dawn Announces Change of Auditor

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2014) - Golden Dawn Minerals Inc. (TSX VENTURE:GOM)(FRANKFURT:3G8N) (the "Company" or "Golden Dawn"), announces that D+H Group LLP (the "Former Auditor"), has resigned as the Company's auditor at the request of the Company and, effective January 29, 2014, it appointed Davidson & Company LLP, Chartered Accountants (the "Successor Auditor"), as its auditor.

There were no reservations in the Former Auditor's reports for the two most recently-completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor's resignation. To the Company's knowledge there was no "reportable event" (as that term is defined in section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations) between the Company and the Former Auditor or the Successor Auditor.

The resignation of the Former Auditor as auditor of the Company has been approved by the Company's audit committee and its board of directors. The Notice of Change of Auditor, together with the letter from the Former Auditor and the letter from the Successor Auditor, have been reviewed by the Company's audit committee and its board of directors. All procedures have been properly followed under NI 51-102 regarding the change of auditor and, as required, a Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, will be filed on SEDAR.

On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

Wolf Wiese, President/ Chief Executive Officer

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

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of future unanticipated events.

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