Dawson Gold Corp

Friday, August 20th, 2010

Dawson Gold Arranges $1.2-million Private Placement

News Release

Mr. Bijay Singh reports

DAWSON GOLD ANNOUNCES PRIVATE PLACEMENT

Dawson Gold Corp. has arranged a private placement financing of up to eight million units at a price of 15 cents per unit for gross proceeds of up to $1.2-million. Each unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share at a price of 25 cents for a period of 12 months from the closing date, and at a price of 35 cents for the subsequent six-month period.

The private placement will close concurrently with the closing of the qualifying transaction with 0851045 B.C. Ltd. The private placement and the qualifying transaction remain subject to the acceptance of the TSX Venture Exchange.