Company’s Directors and Officers to Resign

VANCOUVER, BC / ACCESSWIRE / October 3, 2023 / Golden Dawn Minerals Inc. (TSXV:CXG)(OTC PINK:GDMRF)(FRANKFURT:3G8B), ("Canxgold Mining Corp." or the "Company") the Company reports that, after considering the outcome of the enforcement action by its senior secured creditor, RIVI Opportunity Fund LP ("RIVI"), including the court approval of the appointment of a receiver or receiver-manager of the Company's assets, all members of the Company's board and management have tendered resignations effective immediately.

GOLDEN DAWN MINERALS INC.

Per: "Anonymous Director"

For further information, please contact:
Golden Dawn Minerals Inc. - Corporate Communications: Tel: (604) 221-8936

Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the creditor enforcement action by the Company's senior secured lender RIVI Opportunity Fund LP. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' SEDAR+ disclosure platform at www.sedarplus.ca for additional information regarding such risk factors and their potential effects.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION

SOURCE: Golden Dawn Minerals Inc.