Titan 24 Survey Highlights include:

• Titan 24 survey indentifies 24 Anomalies (medium to high chargeability with associated low resistivities) over the survey area.
• 9 “First Priority” Quantec Geophsical Anomalies
• 5 “First Priority” anomalies define a single broad and strong chargeability anomaly extending to and open to depth
• 15 “Second Priority” anomalies

Quantec Titan 24 Survey Details

In the Fall of 2011, over 30 days, the Company completed a 33.6 line kilometer surveyed and cut grid in advance of a 33.6 km Quantec Geophysics Titan-24 deep penetrating Induced Polarization ground-based geophysical survey.

A total of 14 North-South oriented lines spaced at 500 metres were surveyed using a pole-dipole spacing of 100 metres.  The Titan 24 distributed acquisition system (DAS) employs a combination of multiplicity of sensors, 24-bit digital sampling and advanced signal processing. It provides three independent datasets capable of measuring subsurface resistivity (structure, alteration, lithology) and chargeability (mineralization) to depth.  The geophysical program was designed to test the mineral potential of the Toro Property at depth and to define potentially mineralized structural targets within the 75 Ma Late Cretaceous Porphyry and the 103 Ma Mid Cretaceous Granodiorite intrusives on the Property.

“First Priority” Anomalies were defined by Quantec as those responses within 300 metres of surface, exhibiting medium to strong IP response (chargeability greater than 25 milliradians), co-located with medium to low DC resistivity response (rho less than 1,500 ohm-metre).  These anomalies are interpreted by Quantec to be consistent with geological structures and could lead to potential mineralization.

“Second Priority” Anomalies were defined by Quantec as those responses within 420 metres of surface, exhibiting medium to weak IP response (chargeability less than 30 milliradians), co-located over or at contact with medium to low DC resistivity zones (rho less than 1,800 ohm-metre). These anomalies are interpreted by Quatec to be consistent with geological structures and could represent disseminated mineralization and/or alteration zones.

An in-house interpretation of the 2011 Quantec survey is on-going by Dawson Gold and the data will be used to focus the 2012 exploration program.  Company Management considers the Quantec  “First Priority” anomalies as excellent candidates for testing by diamond drilling, and intends to execute such a mineral exploration program early in the 2012 field season.  The Toro 20 person camp is in place and the on tenure airstrip is open and usable which will afford the Company the ability to enter the Property early in the season and conduct an extensive diamond drilling program.

The Quantec Titan 24 System has proven to be a successful tool to define large porphyry systems and strongly mineralized structural trends in the Yukon, specifically upon the nearby Freegold Mountain Project of Northern Freegold Resources Ltd.

Additional 2011 Exploration Work on the Toro Property

Coincident with the Quantec survey, the Company constructed six kilometres of new trail construction and reactivated approximately 5 kilometres of old road access and undertook a trenching/sampling program to follow-up on high-priority anomalous gold-in-soil targets (defined by the 2010 Toro exploration campaign. Analytical results from the 2011 Toro exploration program have not yet been received however the sampling programs were designed to target mineralization demonstrated by historical trenching results from the Ridge Zone.  These historical trenching results coincide with Dawson’s gold in soil “Anomaly C”, 0.55 g/t Au and 106.6 g/t Ag over 30 metres and “Anomaly B”, 37.8 metres averaging 0.46 g/t Au and 26.1 g/t Ag.  In total, the Company completed 120 metres of trenching combined with sampling from the newly open trails lead to the collection and assay of over 240 rock samples.  In addition to the road construction and trenching programs, a soil sampling program focused on in-fill and expansion of the 2010 gold-in-soil anomalies was completed in September 2011 and totalled over 320 collected and assayed samples.

2011 Yukon Exploration Property Acquisitions and Exploration

The Nansen Ace Claims were staked by Dawson Gold in the winter of 2011 and are located in the Mt. Nansen District, for a total of 228 claims constituting more than 4,500 hectares. The Nansen Ace Property lies approximately 60 kilometres south of the Toro Project and was staked to cover prospective gold exploration ground along structural strike and 7.5 kilometres to the northeast of the former Mt. Nansen Mine which hosted historical resources* of 254,251 tonnes grading over 12.5 g/t Au and 270 g/t Ag.

*NB. The Mt. Nansen property does not lie within the Nansen Ace property boundaries, but is presented to illustrate reported mineralization within the Mt. Nansen District. This style, grade and type of mineralization however is not necessarily indicative of mineralization on the Company’s property. All above information obtained from the Yukon Mineral Property Update (2008) and the Company has not independently verified the information presented above.

The King-Kong Project was also staked by Dawson Gold in the Winter of 2011.  The King-Kong Project has two distinct claim blocks totalling 228 claims in the Mt Skukum/Wheaton River area. The King claims (King Project) comprise 104 claims totalling 2,268 hectares and include prospective mineralized vein systems which have been previously assayed at 62.1 g/t Au (Source: Yukon MINFILE#105D 173). The King Project lies along the western flank of the Bennett Lake Volcanic complex, a huge Eocene caldera structure formed at the margin of the Coast Plutonic Complex. The Kong claims (Kong Project) consist of 124 full and partial Quartz Mining claims covering 2,470 hectares immediately south of the Tagish Lake Gold property of New Pacific Metals Corp. which hosts a measured and indicated resource* of greater than 1.5 million tonnes averaging 7.8 g/t Au and 130 g/t Ag.   Neither the King, nor the Kong Property have previously been drilled.

*NB. The King and Kong Properties do not lie within the Tagish Lake Gold property boundaries, but is presented to illustrate reported mineralization within the Skukum District. This style, grade and type of mineralization however is not necessarily indicative of mineralization on the Company’s property. All above information obtained from the Yukon Mineral Property Update (2008) and the Company has not independently verified the information presented above.

Dawson conducted exploration programs on these newly acquired targets during the summer 2011 field season.  Specifically, the King and Kong Projects saw the collection of 129 rock samples, 122 soil samples and seven stream sediment samples. The Nansen Ace Project 2011 program included the collection of 20 rock samples, 8 stream samples, and 2 soil samples. No analytical results have been returned from the laboratory and the Company awaits these results to plan further work programs.

The Company announces that Jim Coyne, has resigned from the board of directors of the company.  The board of directors of Dawson Gold wishes to acknowledge the many contributions that Mr. Coyne has made to the Company, wants to thank him for his participation and wishes him every success in his future endeavours.

The Technical data contained in this news release has been reviewed and approved by Dawson Gold CEO Paul D. Gray, P.Geo., a qualified person under NI 43-101.

About Dawson Gold Corp.

Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers over 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the Board of Directors

Paul D Gray, P.Geo.
Chief Executive Officer
Dawson Gold Corp.

For additional information please visit the Company’s website at www.dawsongold.com or contact:

Dawson Gold Corp.
Paul D. Gray, Chief Executive Officer
Tel: 604.687.2471
info@dawsongold.com

Or

Sarah Jones, Corporate Communications
Tel: 604.568.2486
sjones@korcommunications.ca

Julie Hajduk, Corporate Communications
Tel: 604.568.2486
Julie@korcommunications.ca

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The non-brokered a private placement consists of up to 16,000,000 units of the Company at a price of $0.05 per unit.  Each unit will consist of one common share and one share purchase warrant.  Each warrant will entitle the holder to acquire a further share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder’s fee of 6% in cash and finder’s warrants on all or part of the private placement in accordance with the policies of the TSX-V. The proceeds from the private placement will be used to fund exploration on the Company’s Toro project in Yukon and for general working capital purposes.

About Dawson Gold Corp.
Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the board of directors

Paul D Gray, P.Geo.
Chief Executive Officer
Dawson Gold Corp.

For additional information please visit the Company’s website at www.dawsongold.com or contact:

Dawson Gold Corp.

Paul D. Gray, Chief Executive Officer
Tel: 604.687.2471
info@dawsongold.com

Or

Sarah Jones, Corporate Communications
Tel: 604.568.2486
sjones@korcommunications.ca

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

In connection with the second tranche, the Company will pay finders’ fees of $9,300 cash and 181,440 finders’ warrants. Each finder’s warrant is exercisable at $0.10 into one common share of the Company for 18 months from the issuance date.

All the issued securities are subject to a four-month hold period from the date of closing.

The proceeds from the Offering will be used to fund exploration on the Company’s Toro project in Yukon and for general working capital purposes.

Dawson Gold also announces a subsequent non-brokered a private placement of up to 16,000,000 units of the Company at a price of $0.05 per unit.  Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire a further share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder’s fee of 6% in cash and finder’s warrants on all or part of the private placement in accordance with the policies of the TSX-V. The proceeds from the private placement will be used to fund exploration on the Company’s Toro project in Yukon and for general working capital purposes.

About Dawson Gold Corp.

Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the board of directors

Paul D Gray, P.Geo.
Chief Executive Officer
Dawson Gold Corp.

For additional information please visit the Company’s website at www.dawsongold.com or contact:

Dawson Gold Corp.

Paul D. Gray, Chief Executive Officer
Tel: 604.687.2471
info@dawsongold.com

Or

Sarah Jones, Corporate Communications
Tel: 604.568.2486
sjones@korcommunications.ca

Julie Hajduk, Corporate Communications
Tel: 604.568.2486
Julie@korcommunications.ca

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The Company is also pleased to announce that it subject to TSX Venture Exchange acceptance, it will proceed to close an initial tranche of its previously announced 24 million unit private placement financing.  The first tranche consists of 1,780,000 units for gross proceeds of $189,000.  The units are being offered at $0.05, with each unit consisting of one share and one share purchase warrant.  Each warrant entitles the holder to acquire an additional share for a period of 18 months from the closing date at a price of $0.10.

In connection with the first tranche, the Company will pay finder’s fee commissions of $11,340 cash and 208,800 finder’s warrants. Each finder’s warrants are exercisable at $0.10 into one common share of the Company for 18 months from the issuance date.

The securities issued pursuant to the first tranche and the finders’ fees are subject to a four-month hold period from the date of closing.  The Company will pay a finder’s fee of up 6% in cash and warrants or 6% in units on all or part of the private placement.

The proceeds from the Offering will be used to fund exploration on the Company’s Toro project in Yukon and for general working capital purposes.

About Dawson Gold Corp.
Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers over 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the Board of Directors

Paul D Gray, P.Geo.
Chief Executive Officer
Dawson Gold Corp.

For additional information please visit the Company’s website at www.dawsongold.com or contact:

Dawson Gold Corp.
Paul D. Gray, Chief Executive Officer
Tel: 604.687.2471
info@dawsongold.com

Or

Sarah Jones, Corporate Communications
Tel: 604.568.2486
sjones@korcommunications.ca

Julie Hajduk, Corporate Communications
Tel: 604.568.2486
Julie@korcommunications.ca

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

]]> http://www.dawsongold.com/dawson-gold-closes-first-tranche-of-private-placement/feed 0 http://www.dawsongold.com/dawson-gold-announces-1200000-private-placement http://www.dawsongold.com/dawson-gold-announces-1200000-private-placement#comments Thu, 17 Nov 2011 19:19:44 +0000 sarah http://dawsongold.com/?p=544 Vancouver, British Columbia, November 17, 2011: Dawson Gold Corp. (TSX.V: DYU, Frankfurt: 3DG) (“Dawson Gold” or the “Company”) proposes to undertake a one-for-two share consolidation and then complete a private placement of up to 24,000,000 units of the Company at a price of $0.05 per unit.  Each unit will consist of one post-consolidated share and one warrant.  Each warrant will entitle the holder to acquire a further post-consolidated share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder’s fee of 6% in cash or securities on all or part of the private placement. This private placement replaces the financing announced on August 16, 2011.

The private placement is subject to TSX Venture Exchange acceptance, and to completion of the previously announced share consolidation (news release of August 19, 2011) on the basis of two existing shares for each post-consolidated share, which was approved by the shareholders at an Extraordinary General Meeting on September 23, 2011.
The proceeds from the Offering will be used to fund 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.

About Dawson Gold Corp. Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers over 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

On behalf of the Board of Directors

“Paul D. Gray“

Paul D Gray, P.Geo.

Chief Executive Officer

Dawson Gold Corp.

For further information, please contact:

Dawson Gold Corp.
Paul D. Gray, Chief Executive Officer
Tel: 604.687.2471
info@dawsongold.com
www.dawsongold.com

Or

Sarah Jones, Corporate Communications
Tel: 604.568.2486
sjones@korcommunications.ca

Julie Hajduk, Corporate Communications
Tel: 604.568.2486
Julie@korcommunications.ca

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

“The Board of Directors is extremely pleased that Mr. Paffrath and Mr. Sexton have joined Dawson Gold’s  Board; their experience and knowledge will serve the  Company well” commented Paul D. Gray, CEO. “Additionally, the appointment of Mr. Paffrath as Dawson Gold’s Vice President of Corporate Development will significantly strengthen our links with the investment community and demonstrates our determination to add value for our shareholders through the exploration of the Toro Gold Property.”

Bjoern Paffrath – Director & VP, Corporate Development
Mr. Paffrath has over 15 years of extensive experience in the financial markets and the commodity sector. Before he worked as president and head of trading for an international asset management company, he was a broker in the US and Europe. In 2008 he started his own business in Switzerland as independent financial advisor and focused on public mineral junior & exploration companies. His main responsibilities include advising management on corporate strategy and finance activities. Mr. Paffrath works closely with several leading European and North American asset management firms and mutual funds, which specialize in the natural resources sector. He has an extensive network of contacts within the financial community including investment advisors, fund managers, industry analysts, brokers and media throughout North America, the United Kingdom and continental Europe. Mr. Paffrath holds a University degree in economics & business administration and is a Financial Risk Manager (FRM).

Alan Sexton M.Sc, P.Geo. – Director
Mr. Sexton is a geologist with over 30 years of experience in the mining and exploration industry. His experience includes managing all aspects of exploration on large scale regional exploration programs to advanced definition drilling programs. In addition, he has supervised the geotechnical components of preliminary economic assessments and prefeasibility studies. He is a Qualified Person, as defined by National Instrument 43-101, and has experience working in mineral exploration for a variety of commodities and mineral deposit types throughout Canada, as well as in the United States, Australia and South Africa.

He is currently a principal of GeoVector Management Inc. an Ottawa, Ontario based consulting firm which provides project management, as well as resource evaluation and estimation for resource companies.

Mr. Sexton has a M.Sc. in geology from Acadia University and is an active member of the Association of Professional Engineers, Geologists and Geophysicists of the Northwest Territories and Nunavut (NAPEGG), the Association of Professional Geoscientists of Ontario (APGO) and the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL).

About Dawson Gold Corp.
Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson’s cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers over 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.

For additional information, please contact 604 687 2471 or info@dawsongold.com.

On behalf of the Board of Directors
Paul D.Gray, P.Geo.
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Coincident with the Quantec survey the Company intends to construct 8 km of supplementary road access and undertake a trenching/sampling program to follow-up on high-priority anomalous gold-in-soil targets defined by the 2010 Toro exploration campaign. Trenching will test mineralization demonstrated by historical results from the Ridge Zone which included 0.55 g/t Au and 106.6 g/t Ag over 30 metres in “Anomaly C” and 37.8 metres averaging 0.46 g/t Au and 26.1 g/t Ag within “Anomaly B.” The 2010 defined soil anomaly targets represent newly discovered, un-trenched targets. The required exploration equipment has been mobilized to site. A soil sampling program focused on in-fill and expansion of the 2010 gold-in-soil anomalies is currently underway and will continue into the Fall.

Private Placement
Dawson Gold announces a private placement of up to 16,666,666 units of the Company at a price of $0.06 per unit for total proceeds of up to $1,000,000. Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.10 per share for a period of 18 months from the closing date.

The Company will pay a finder’s fee equal to 8.0 per cent of subscription amounts found, payable in cash, or issue finder’s shares in an equal amount to 8.0 per cent of the shares subscribed for.

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. The private placement is subject to approval by the TSX Venture Exchange. Dawson will not proceed with the proposed financing announced in early June.

Share Consolidation
Dawson Gold announces that it proposes to consolidate the issued and outstanding share capital of the Company such that every two existing shares will be consolidated into one new share. The Company currently has 33,919,782 issued and outstanding. Following the consolidation, it would have 16,959,891 shares issued and outstanding. The share consolidation is subject to approval by the shareholders of the Company at a special meeting of shareholders to be held on September 23, 2011, and to the acceptance of the TSX Venture Exchange.

Management believes that consolidating the Company’s issued share capital is in the best interests of the Company and would improve the ability of the Company to attract additional equity financing and assist in the acquisition of additional projects of merit.

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

Dawson Gold Corp.
For further information, please contact:
Mark Komonoski
Toll-Free: 1 877 255 8483
Phone: 403 255 8483

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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The company will pay a finder’s fees 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

For further information, please contact:
Mark Komonoski,
Toll-Free: 1 877 255 8483
Phone: 403 255 8483

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.

Anticipating an aggressive summer 2011 exploration campaign, Dawson Gold contracted the activation of the permitted Toro winter road to more cost-effectively mobilize in required equipment and supplies. Re-activation of the winter road was completed in late March and subsequently all fuel needs, camp up-grade requirements, and diamond drilling supplies and materials were mobilized into site during April. In addition, a Hitatchi 330 excavator and Caterpillar D6 bulldozer are now on the Toro Property, both of which will be utilized to support historic trail re-activation, new access construction, planned trenching programs and on-site diamond drill rig transportation.

“Every dollar saved on the movement of people and materials allows for a greater component of the budget to be effectively spent on the ground where we can continue to make discoveries” commented Dawson Gold CEO Paul D. Gray, P.Geo. “Preparations made ahead of the summer 2011 season will allow the Company to efficiently use all available resources in a thorough and systematic exploration of the Toro Property including further geochemical delineation, trenching, geophysics and diamond drilling. Dawson Gold is excited to get into the Toro Property early in the 2011 season and execute a lengthy, successful program this year”.

The Toro Project comprises 412 contiguous Quartz Mining Claims covering 83 km² of prospective ground along the Big Creek Fault in the Dawson Range. The Project area is host to the same geology, a similar structural environment and Au-in-soil anomalies comparable to Kaminak’s Coffee Gold Project approximately 45 km to the northwest. The Toro Project also contains a large body of the ~74 million year-old quartz monzonite lithology which hosts Western Copper’s Casino Au-Cu-Ag project approximately 40 km to the northwest. A deep-penetration Quantec Geophysics Titan-24 survey to assess the porphyry potential of this monzonite body is planned for the early summer 2011 and additional work will further investigate and delineate the two significant geochemical anomalies and a mineralized hydrothermal breccia newly discovered in 2010 by Dawson Gold (See Dawson News Release dated January 26, 2011).

Historic* assay results at the Toro Property include 8.23 m of 1.03 g/t Au (DDH T69-02) and 7.0 m of 1.75 g/t Au (DDH T70-14).  Gold assay results from drilling in 2010 were released in December, 2010 (See Dawson News Release dated December 17, 2010). Dawson Gold has recently re-examined these assays with respect to the silver values from these previously released intersections. Based on this work management has re-calculate a gold-equivalent value based on a 40:1 valuation of silver to gold. The results from this re-assessment are presented below:

*While the above historical results on the Main zone and Nit occurrence are considered relevant, the reliability of the historic work is unknown. Dawson Gold intends to verify the above results, and confirmation work may produce results that differ substantially from the historic results.

Download PDF of 2010 Diamond Drilling Summary table.

Dawson Gold also announces that Mr. Michael Collins, P.Geo. has resigned as President and from the Board of Directors effective immediately. The Board of Directors wishes to acknowledge the many contributions that Mr. Collins has made to the Company, and wants to thank him for his participation and wish him success in his future endeavors. Until a new President can be named, Paul D. Gray, P.Geo. and CEO will assume the responsibilities of President of the Company.

The Technical data contained in this news release has been reviewed and approved by Dawson Gold CEO Paul D. Gray, P.Geo., a qualified person under NI 43-101.

On behalf of the Board of Directors
Paul D. Gray, P.Geo. CEO

Dawson Gold Corp.
For further information, please contact:
Mark Komonoski
Toll-Free: 1 877 255 8483
Phone: 403 255 8483

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.