Golden Dawn Intersects 127m Grading 0.43 g/t Gold and Extends Bulk-Tonnage Target Deadwood Gold Zone, Greenwood Project, South Central B.C., Canada

VANCOUVER, Canada, April 4, 2011 -

    TSX-V: GOM
    FRANKFURT EXCHANGE: 3G8

GOLDEN DAWN MINERALS INC. (TSXV: GOM) (FRANKFURT: 3G8) is pleased to
announce continued excellent results from four additional diamond drill holes
from an ongoing drill program at the Wild Rose-Tam O'Shanter properties in
the Greenwood Mining District, BC. In the fall of 2010 Golden Dawn initiated
a drill program to test the Wild Cat and Wild Rose vein systems and their
apparent strike extent to the northwest known as the Deadwood Gold Zone.
Golden Dawn has now completed 12 holes totaling 1,877.8 m of drilling. Golden
Dawn had previously reported upon the results from holes 10WR01 to 10WR06
(Golden Dawn news releases dated January 12 and January 24, 2011
[wp.goldendawnminerals.com/2011/01/golden-dawn-receives-excellent-gold-and-copper-values-from-initial-drilling-on-greenwood-targets-british-columbia-canada/
]).

Current drilling conducted by Golden Dawn, together with historical
drilling results, has now confirmed the presence of a significant widespread
alteration zone (the Deadwood Gold Zone) comprising low-grade gold-copper
(Au-Cu) mineralization along a strike length of approximately 1,000 m. The
zone has an apparent horizontal width of up to 160 m and has been tested to a
vertical depth of approximately 150 m below surface. The Deadwood Gold Zone
remains open in all directions.

Collectively, the results of the 2010-2011 Wild Rose drill program
completed by Golden Dawn and the results of previous drilling conducted by
others, have outlined a remarkably consistent zone of low-grade gold-copper
mineralization that is a bulk-tonnage target. Drill holes 10WR07 to 11WR11
have tested the target over a strike length of more than 500 m. Golden Dawn
is encouraged by the consistency of these results and will initiate a
resource study once the final results of all the 2011 drilling are received
(final results are expected by mid-April, 2011).

Drill holes 10WR07 through 11WR10, have intersected a consistent upper
stratigraphic package with quartz veined, brecciated and hornfelsed sediments
and volcanic rocks with minor dioritic intrusive units overlying a lower
package of thinly bedded siltstones, sandstones and minor conglomerates. The
upper portion of the stratigraphy exhibits moderate to intense silicification
and consistent disseminated sulphide mineralization, which is associated with
biotite (potassic) alteration that in turn yields remarkably consistent low
grade gold mineralization. These holes are located between 500 and 900 m
northwest of the Wild Rose and Wild Cat veins. Within this large low grade
Au-Cu mineralized zone, discreet quartz veining was occasionally encountered
that returned higher grade results, as shown in Table 1, similar to the Wild
Rose and Wild Cat vein systems to the southeast.

Drill hole 10WR07, initiated in 2010, was completed following the
resumption of drilling in February 2011 and is currently the furthest
drillhole northwest of the Wild Rose and Wild Cat vein area, some 900 m to
the northwest. Hole 10WR07 intersected 95 m core length of 0.20 g/t Au
between 43 m and 138 m (Table 1). Hole 11WR08 was drilled approximately 65 m
southeast of hole 7 and intersected a similar package of rocks. Hole 11WR08
intersected a broad low grade zone of mineralization averaging 0.54 g/t Au
(and 0.03% Cu) over 81.68 m core length from 82.0 to 163.68 m. Within that
interval, the main zone of intensely silicified and sulphidized sediments and
volcanics assayed 0.72 g/t Au over 57.0 m core length between 90.0 m and
147.0 m with a high grade zone of 9.62 g/t Au over 2.5 m core length from
105.0 to 107.5 m (Table 1.). Hole 11WR09 was drilled a further 90 m southeast
of hole 11WR08 and again intersected the same package of hornfelsed,
silicified and sulphidized sediments and volcanic rocks and yielded low grade
zone that assayed 0.23 g/t Au over 73.0 m core length between 45.0 m and
118.0 m.

Finally, hole 11WR10, which was completed approximately 140 m southeast
of hole 11WR09 and was stepped back to complete a slightly deeper cut of the
stratigraphy, collared into an intensely silicified and sulphidized sandstone
overlying the hornfelsed package of sediments and volcanics observed in the
previous 3 drill holes. This package averaged 0.43 g/t Au over 127.0 m core
length with several high grade zones approaching 1 g/t with 0.79 g/t Au over
11.0 m core length from 8.0 to 19.0 m, 0.78 g/t Au over 29.0 m core length
from 25.0 to 54.0 m, and 0.86 g/t Au over 11.0 m core length from 111.0 to
122.0 m (Table 1).

The Au-Cu mineralization at the Deadwood Zone is associated with
anomalous but fairly low concentrations of arsenic, antimony and other
'epithermal type indicator elements'. The lack of a consistent epithermal
geochemical signature and the presence of a consistent Au-Cu relationship is
strongly suggestive of a classic porphyry Au-Cu model for this
mineralization. The relatively minor amount of intrusive rocks intersected by
the drilling thus far, and the apparent relation between mineralization and
stratigraphy, is indicative of a distal zonation.

The assay results for 2 additional drill holes, completed a further 35 m
and 85 m to the southeast of hole 11WR10, are still outstanding and are
expected shortly. Golden Dawn will continue to evaluate the full extent of
the property for other zones of mineralization, along with potential
extensions of the currently identified Deadwood Gold Zone that remain open in
all directions, based on the following.

TABLE 1. Summary assay results for drill holes 10WR07 to 11WR10, along
with previously released drill holes 10WR01-06 and historical drill hole
92-27.

    Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)

    11WR10         4.00 131.00       127.00     0.43   0.02
     including     4.00  75.00        71.00     0.55   0.02
           and    94.00 131.00        37.00     0.40   0.04
     including     8.00  19.00        11.00     0.79   0.01
           and    25.00  54.00        29.00     0.78   0.02
           and   111.00 122.00        11.00     0.86   0.04

    11WR09        36.00 147.22       111.22     0.19   0.02
     including    45.00 118.00        73.00     0.23   0.02
     including    52.00  54.40         2.40     1.49   0.07
           and    72.00  91.00        19.00     0.30   0.03

    11WR08        82.00 163.68        81.68     0.54   0.03
     including    90.00 147.00        57.00     0.72   0.04
     including    90.00 120.00        30.00     0.58   0.05
     including   101.00 115.00        14.00     1.09   0.07
     including   101.00 107.50         6.50     4.41   0.13
     including   105.00 107.50         2.50     9.62   0.27
           and   143.00 147.00         4.00     1.48   0.02

    10WR07        43.00 138.00        95.00     0.20   0.03
     including    51.00  75.00        24.00     0.23   0.03
           and    92.00 134.00        42.00     0.29   0.03
     including   105.00 106.00         1.00     3.62   0.01

    Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%)

    10WR06 *       7.32 169.65       162.33     0.19   0.02
     Including     99.0  144.2         45.2     0.43   0.04
     including     99.0  102.0          3.0     1.60   0.03
           and    141.6  144.2         1.90     3.01   0.16
           and   142.36 142.75         0.39    11.86   0.07

    10WR05 *      17.07  40.25        23.18     0.13   0.02
           and    64.18   98.0        33.82     0.15   0.03
     including    94.83   96.7         1.87     1.85   0.16

    10WR04 *      58.83  90.12        31.29     0.32   0.01
     including     77.9   83.0          5.1     1.61   0.09
     including     77.9   79.0          1.1     5.38   0.22

    10WR03 **     20.75   39.5        18.75     0.08   0.01
                  35.66   38.4         2.74     0.21   0.04

    10WR02 **      4.27   26.0        21.73     0.17   0.01
     including     9.75   10.5         0.75     2.88   0.01
           and     43.0   61.0         18.0     0.98   0.03
     including     43.0   48.0         5.00     3.43   0.10
     including     44.4   46.1          1.7     9.57   0.21
     including     45.0   45.5          0.5    22.06   0.58

    10WR01 **      21.5  52.15        30.65     0.19   0.06
     including    28.95   31.5         2.55     1.47   0.62
    92-27 ***     86.48 146.90        60.42     0.85   0.05

    * Previously reported January 24, 2011
    ** Previously reported January 12, 2011
    *** Historical diamond drill hole completed in 1992 by Minnova Inc.

The reader is cautioned that historical drilling results are being
confirmed by current drilling, and such historical results cannot be relied
upon until reconfirmed. There are no known mineral resources on the property,
and there can be no assurance that any mineral resources will be discovered
on the property and, if discovered, there is no assurance that any
mineralization may be economically extracted. The reader is referred to the
Company's website for a PowerPoint (
wp.goldendawnminerals.com/wp-content/uploads/2011/01/CorporatePresenta
tion-WEB-01192011.pdf) and Video presentation illustrating the historical
drilling and the target zone for current drilling activity.

The information in this release has been reviewed on behalf of the
Company by consultants Dr. Stewart A. Jackson, P. Geol., and Michael
Dufresne, M.Sc., P.Geol., Qualified Persons as defined by NI 43-101. The
program is being supervised by Mr. Dufresne of APEX Geoscience Ltd.

    ON BEHALF OF THE BOARD OF DIRECTORS OF
    GOLDEN DAWN MINERALS INC.
    "Wolf Wiese"

    _____________________________
    Wolf Wiese
    President/CEO

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.

%SEDAR: 00022162E

    For further information:

    GOLDEN DAWN MINERALS INC.
    575, 1111 WEST HASTINGS STREET,
    VANCOUVER, BC, V6E 2J3
    Telephone: +1-604-221-8936
    Facsimile: +1-604-685-2360

For further information: GOLDEN DAWN MINERALS INC., 575, 1111 WEST HASTINGS STREET, VANCOUVER, BC, V6E 2J3, Telephone: +1-604-221-8936, Facsimile: +1-604-685-2360.