Golden Dawn Minerals’ drilling permit for Tam OShanter’s copper and gold ownership, Greenwood BC, reached final stage

IRW Press: Golden Dawn Minerals: Golden Dawn Minerals drilling permit for Tam OShanter’s copper and gold property, Greenwood BC, reached final stage

Vancouver, Canada, January 13, 2022 – Golden Dawn Minerals Inc. , (TSX-V: GOM | Frankfurt: 3G8C | OTC Pink: GDMRD), (Golden Dawn or Company), that its wholly owned subsidiary, Kettle River Resources Limited. Kettle River has reached the final stage of its drilling permit for the Tam OShanter property on the Greenwood Precious Metals project in southeastern British Columbia.

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Map of concession for Tam O Shanter property, 2 miles west of Greenwood, British Columbia.

Kettle River recently received an application from the British Columbia Department of Energy, Minerals and Low Carbon Innovation (EMLI) for a $20,000 security deposit for its Tam OShanter drilling permit. The company expects the drilling permit to be in effect as early as the 2022 season. Tam Ochanter’s multi-year permit in the region covers a total of 23 wells. Several holes can be drilled from each drilling site, allowing drilling of a minimum of 10,350 metres.

The Tam Ochanter estate consists of four mineralization zones, two of which are of particular importance: the dead forest zone and the Bengal zone. The inferred mineral resource estimate for the dead wood area was 874 000 tons at 0.66 grams of gold per ton (see Technical Report of the Preliminary Economic Study of P&E Mining Consultants, May 5, 2017, published on SEDAR).

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The deadwood zone consists of a huge cut-and-silicate zone with three or more quartz veins. A total of 5 excavations targeting the dead forest area of ​​the property have been completed so far. Golden Dawn conducted two drilling campaigns in 2010 and 2011. The mineralization zone has been identified with a strike length of about 500 m and a depth of 400 m.

The Bengal region is a golden skin target consisting of a large area of ​​surface flooding of silicon, hydrothermal breccia and large-scale changes in Eocene sedimentary rocks. Only three holes were drilled to test the Bengal region in the past, and although the results for gold and silver were low, gold values ​​as high as 2 grams of gold per ton were encountered in ancient rocks in the East containing similar silicates and Chalcedonian veins.

Other areas of interest include the Tam OShanter and Iva Lenore events which consist of pyrite and chalcopyrite scattered diorite mineralization and the adjacent greenstone Knob Hill.

Initial drilling was planned to test soil anomalies of gold and copper associated with intrusive diorite rocks and around historic pits in Bengal where a historical anomaly in susceptibility to IP charges was identified. Drilling is also planned to expand the extracted mineral resources along the strike and at depth and to test parallel areas. Further exploration work at the property level will be supported by the results of the VTEM airborne survey in 2021.

Readers are cautioned that the historical records mentioned in this announcement have been examined but not verified by a qualified person. Further work is required to verify the accuracy of the historical records referenced in this announcement.

The technical content of this press release has been edited by Dr. Matthew Poole, P. Geo., President of the Company, agreed as a qualified person under NI 43-101.

For more details, please refer to the most recent National Instrument 43-101 Technical Report, available on the company’s website at www.goldendawnminerals.com.

For the board of directors:

Golden Down Metals Company

gez: – Christopher R. Anderson

Christopher R. Anderson, CEO

For more information, please contact:

Golden Dawn Minerals Inc. – company contacts

Tel: 604-488-3900

Email: [email protected]

Notes on Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of the Canadian Securities Laws that relate, among other things, to initial plans to incorporate the company’s stock. Although the Company believes that such statements are based on reasonable assumptions, no guarantee can be given that such expectations will actually be fulfilled. Forward-looking statements are statements that are not based on historical facts and are generally, but not always, expressed in terms of expectations, plans, expected, belief, intentions, estimates, expected, attempted, probable, objective, future and the like. Expressing that events or circumstances will, should, could, could, or should occur. These are also statements that are inherently related to future events. The Company cautions that forward-looking statements are based on the assumptions, estimates and opinions of management at the time such statements were made and involve a number of risks and uncertainties. Thus, the correctness of these statements cannot be guaranteed. Actual results and future events could differ materially from these statements. If management’s assumptions, estimates, opinions, or other factors change, the Company is under no obligation to update these forward-looking statements to their current status, unless expressly required by applicable securities laws. Factors that could cause future results to differ materially from those contained in the forward-looking statements include the possibility that TSX Venture may not agree to the proposed stock consolidation and that the Company may not be able to raise sufficient funds to continue its business. . For more details on the risk factors and their potential effects, readers are encouraged to consult the Company’s reports, which are publicly available through the Canadian Securities and Exchange Service’s Electronic Document Analysis and Retrieval (SEDAR) system at www.sedar.com. This press release is not an offer to sell or an offer to buy or sell any securities of the Company in any jurisdiction in which such offer, offer or sale would be unlawful. This also includes US securities. The Company’s securities are not or will not be registered under the United States Securities Act of 1933 or state securities laws and may not be registered in the United States or as United States citizens (as defined by S in the 1933 Act) are not offered or sold Without registration under the 1933 Act or applicable national securities laws, or an exemption from this registration requirement.

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