DYU Dawson Gold Corp

Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold" or the
"Company") announces that, further to the Company's news release of November 23,
2011, it has closed the second and final tranche of its private placement. When
combined with the first tranche, the company issued a total of 7,780,000 units
for gross proceeds of $389,000. The units were 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 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.

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