DYU Dawson Gold Corp

Dawson Gold Corp. (TSX VENTURE:DYU) has completed a 33.6 line kilometer surveyed
and cut grid in advance of a Quantec Geophysics Titan-24 deep penetrating
Induced Polarization ("I.P.") ground-based geophysical survey slated to commence
on August 18, 2011. In connection with the work program, Dawson has expanded the
Toro exploration camp to accommodate a crew of up to 20 people. The geophysical
program is 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. The Quantec Titan-24 System has proven to be a successful tool to
define large porphyry systems and strongly mineralized structural trends. The
program is anticipated to take 25 days to complete.


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 amount equal 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.

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.

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