Dawson Gold Announces $1,500,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2011) -

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Dawson Gold Corp. (TSX VENTURE:DYU) announces that it proposed to complete a non-brokered private placement of up to 15,000,000 shares of the company at a price of $0.10 per share for gross proceeds of up to $1,500,000.

The company will pay a finder's fee equal to 6.0% of subscription amounts found, payable in cash, or issue finder's shares in an amount equal to 6.0% of the shares subscribed for.

Closing of the private placement is anticipated to occur on or before June 30, 2011 and is subject to approval of the TSX Venture Exchange. The shares issued under the private placement will be subject to a hold period which will expire four months from the date of closing.

The proceeds from the private placement will be used to continue exploration on the company's Toro project in the Yukon and for general working capital purposes.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Paul D. Gray, P.Geo., CEO