Report of Magnetic Geophysical Surveys and Line Cutting

On the

Central Grid Property

Catharine Township, Ontario

Larder Lake Mining Division

Claim Nos. 4225469 and 4225470

North ½ of Lot 11 Con. 3 and Lot 10 N 1/2 , L10 S1/2, L10ShN1/2 etc, con3, con4

For

Golden Dawn Minerals Inc.

October 28, 2009 Matthew JohnstonTimmins, Ontario

1226 Gatineau Blvd.Timmins, Ont. P4R 1E3

Table of Contents

Page No.1.0 Introduction 2

2.0 Location and Access 2

3.0 Summary of 2009 Geophysical and Line Cutting Program 2

4.0 Discussion of Results 5

5.0 Conclusions and Recommendations 5

Statement of Qualifications

Appendices

Appendix A Geophysical Instruments and Survey Methods

List of MapsMap Scale

Total Field Magnetic Survey - Contours 1:5000Total Field Magnetic Survey – Posted Data 1:5000

-2-

1.0 Introduction

The Central Grid of Golden Dawn Minerals Inc. consists of 2 mining claims

located in Catharine Township within the Larder Lake Mining District of Ontario. The

property is currently under option from Les Enterprises Ogima Inc.

The work described in this report occurred on portions of claims numbered,

4225469 and 4225470 located in western Catharine township, Larder Lake Mining

District. During October of 2009, a program of line-cutting and geophysical surveys was

conducted over these claims. The geophysical program consisted of total field magnetic

surveying. M.C. Exploration Inc., of Timmins, Ontario, carried out the geophysical

survey and the line cutting program. These surveys were carried out in order to map any

discrete anomalies that may be associated with structural deformation, or economic

concentrations of massive or disseminated sulphide mineralization associated with gold

mineralization.

2.0 Location And Access

The Central grid property is located 18 kilometers south-east of Kirkland Lake,

Ontario. The property is accessed via highway 546 to Boston Creek village; then a series

of bush and ATV roads provide access to the grid area (see figures 1 and 2).

3.0 Summary of 2009 Geophysical and Line Cutting Program

The line cutting and gridding on the Central grid totaled 16.9 kilometers,

consisting of an 2000 meter long baseline striking at azimuth 0 degrees and grid lines

chained and marked every 200 meters along this baseline between 0N and 2000N.

Individual grid lines were cut to a lengths of between approximately 500 meters and

1600 meters. These grid lines were marked at 25-meter intervals along all base lines and

traverse lines.

The geophysical program consisted of total field magnetic surveying. The total

magnetic field survey, using a Scintrex Envi magnetometer, totaled 16.9 kilometers with

) Ni~' i"0 OBABIKA !RIVER

!;;fjbi ::I / L.~'

583000E

5312000N -+----r--Ir---+--+f- I"---:~'----''_'i\i:

UTM Zone 17 1000m grid

584000E Figure 2

586000E

1'1

586000E 587000E

-5-

readings collected every 12.5 meters along all lines.A description of the instruments and

survey methods can be found in appendix A.

3.0 Discussion of Results

The magnetic survey at the Central grid indicates a quiet magnetic background

disrupted by three high amplitude distinct magnetic anomalies, with magnetic values

ranging between 45439 nT and 68284 nT. The background magnetic field strength is

approximately 56999 nT. The isomagnetic contour pattern suggests an underlying

lithology striking in a generally north south (azimuth 0°) direction. The most significant

magnetic anomalies on the grid are several linear shaped high amplitude magnetic

anomalies located in the central and northeastern areas of the grid. These anomalies are

readily visible on the magnetic contour map with amplitudes ranging between 200 and

7000 nT above background magnetic values. Each of these anomalies strike in a north-

northwest direction and have been labeled as anomalies M1 to M3. These anomalies may

represent structurally deformed mafic or ultra mafic intrusions or possibly may also be

indicative of magnetic responses associated with diabase dikes; common to this area.

In addition to magnetic anomalies M1 to M3, several fault zones have been

interpreted within the Central grid area and are indicated on the magnetic contour map.

No other significant magnetic anomalies are observed within the Central grid area.

5.0 Conclusions and Recommendations

The magnetic survey over the Central grid mapped several magnetic anomalies

interpreted to be related to the underlying lithology.

Prior to further geophysical surveys or drill testing any of the Central Grid it is

recommended that a program of geological mapping and prospecting be undertaken in

order to assess the grid area and the source of the mapped magnetic anomalies.

If further geophysical surveying is contemplated it is recommended to complete

surveying with total field magnetics at line spacing of no greater than 100 meters in order

to more accurately map the underlying lithology and structure.

-6-

It is also recommended that an induced polarization survey be considered in the

grid area in order to more effectively map the underlying lithology, as well as any other

potential mineralized zones and structures that may be present. An IP survey with survey

specifications consisting of an ‘a’ spacing of 25 m and ‘n’ levels of 1 to 6 with either

dipole-dipole or pole-dipole configuration is recommended.

Any existing geological, diamond drilling or geochemical information that

may exist in the mining recorder assessment files should be investigated and compiled

prior to further exploration of the Central Grid property in order to accurately assess the

area of the current geophysical survey and to determine the most effective follow-up

exploration method for these anomalies.

Respectively Submitted,

Matthew Johnston

Statement of Qualifications

This is to certify that: MATTHEW JOHNSTON

I am a resident of Timmins; province of Ontario since June 1, 1995.

I am self-employed as a Consulting Geophysicist, based in Timmins, Ontario.

I have received a B.Sc. in geophysics from the University of Saskatchewan; Saskatoon, Saskatchewan in 1986.

I have been employed as a professional geophysicist in mining exploration, environmental and other consulting geophysical techniques since 1986.

I am registered as professional geophysicist (P.Geoph.) with the Association ofProfessional Engineers, Geologists and Geophysicists of the N.W.T and Nunavut (L1438).

Signed in Timmins, Ontario, this October 28, 2009

Appendix A

Survey Theory - Total Field Magnetics

Magnetic Survey

Theory: The magnetic method is based on measuring alteration in the shape and magnitude of the earth's naturally occurring magnetic field caused by changes in the magnetization of the rocks in the earth. These changes in magnetization are due mainly to the presence of the magnetic minerals, of which the most common is magnetite, and to a lesser extent illuminate, pyrrhotite, and some less common minerals. Magnetic anomalies in the earth's filed are caused by changes in two types of magnetization: (1) Induced, caused by the magnetic field being altered and enhanced by increases in the magnetic susceptibility of the rocks, which is a function of the concentration of the magnetic minerals. (2) Remanent magnetism is independent of the earth's magnetic field, and is the permanent magnetization of the magnetic particles (magnetite, etc.) in the rocks. This is created when these particles orient themselves parallel to the ambient field when cooling. This magnetization may not be in the same direction as the present earth's field, due to changes in the orientation of the rock or the field. The unit of measurement (variations in intensity) is commonly known as the Gamma which is equivalent to the nanotesla (nT). Method: The magnetometer, a Scintrex Envi Mag with a proton precession sensor measures the Total Magnetic Field (TFM) perpendicular to the earth's field (horizontal position in the polar region). The unit has no moving parts, produces an absolute and relatively high resolution measurement of the field and displays the measurement on a digital lighted display and is recorded (to memory). Initially, the tuning of the instrument should agree with the nominal value of the magnetic field for each particular area. The procession magnetometer collected the data with a 0.2 nanoTesla accuracy. The operator read each and every line at a 12.5 m interval with the sensor attached to the top of four (56cm), aluminum tubing sections. The readings were corrected for changes in the earth's magnetic field (diurnal drift) with a similar Envi Mag magnetometer, acting as a stationary base station which automatically read and stored the readings at every 15 seconds. The data from both units was then downloaded to PC and base corrected values were computed.

100 0 100 200 300

(meters)

NAD83 / UTM zone 17N

Scale 1:5000

GOLDEN DAWN MINERALS INC.

CENTRAL GRID PROPERTY

TOTAL FIELD MAGNETIC SURVEY - CONTOURS

OCTOBER 2009

CATHARINE TOWNSHIP - LARDER LAKE MINING DIVISIONCLAIM NOS. 4225469 4225470

CONTOUR INTERVAL = 50, 250 nTINSTRUMENT: SCINTREX ENVI MAGNETOMETER

SURVEYED BY: M.C EXPLORATION INC.

56080

56140

56190

56230

56270

56290

56310

56330

56350

56370

56390

56410

56440

56450

56470

56490

56510

56530

56550

56580

56610

56650

56700

56750

56810

56880

56960

57060

57190

57350

57540

57730

57950

58200

58540

58890

59310

59760

TOTAL FIELD MAGNETICSnT

Interpreted Magnetic Anomaly Location

Interpreted Fault/Structural Lineament

Legend

Line Kilometers Surveyed: 16.9

5312800N

5313000N

5313200N

5313400N

5313600N

5313800N

5314000N

5314200N

5314400N

5314600N

5314800N

5315000N

5312800N

5313000N

5313200N

5313400N

5313600N

5313800N

5314000N

5314200N

5314400N

5314600N

5314800N

5315000N

583600E 583800E 584000E 584200E 584400E 584600E 584800E 585000E 585200E 585400E

583600E 583800E 584000E 584200E 584400E 584600E 584800E 585000E 585200E 585400E

B0 E

B0 E

B25 E

L0 N L0 N

L200 N L200 N

L400 N L400 N

L600 N L600 N

L800 N L800 N

L1000 N L1000 N

L1200 N L1200 N

L1400 N L1400 N

L1600 N L1600 N

L1800 N L1800 N

L2000 N L2000 N

T-800 W

T-800 W

T800 E

T800 E

55600

55850

55900

55950

56050

56100

05165

56150

56150

00265

00

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5

56200

56200

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4217728

4225469

4225470

M1M2

M3

100 0 100 200 300

(meters)

NAD83 / UTM zone 17N

Scale 1:5000

GOLDEN DAWN MINERALS INC.

CENTRAL GRID PROPERTY

TOTAL FIELD MAGNETIC SURVEY - POSTED DATA

OCTOBER 2009

CATHARINE TOWNSHIP - LARDER LAKE MINING DIVISIONCLAIM NOS. 4225469 4225470

MAGNETIC REFERENCE FIELD: 56000 nT.INSTRUMENT: SCINTREX ENVI MAGNETOMETER

SURVEYED BY: M.C EXPLORATION INC.

Line Kilometers Surveyed: 16.9

5312800N

5313000N

5313200N

5313400N

5313600N

5313800N

5314000N

5314200N

5314400N

5314600N

5314800N

5315000N

5312800N

5313000N

5313200N

5313400N

5313600N

5313800N

5314000N

5314200N

5314400N

5314600N

5314800N

5315000N

583600E 583800E 584000E 584200E 584400E 584600E 584800E 585000E 585200E 585400E

583600E 583800E 584000E 584200E 584400E 584600E 584800E 585000E 585200E 585400E

B0 E

B0 E

B25 E

L0 N L0 N

L200 N L200 N

L400 N L400 N

L600 N L600 N

L800 N L800 N

L1000 N L1000 N

L1200 N L1200 N

L1400 N L1400 N

L1600 N L1600 N

L1800 N L1800 N

L2000 N L2000 N

T-800 W

T-800 W

T800 E

T800 E

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60112

59933

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59106

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60192

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59916

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57238

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56932

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56137

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56131

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56090

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56125

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56638

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56872

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60098

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56415

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56376

56303

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56572

56716

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56410

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56320

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56291

56307

56302

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56261

56280

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56288

57627

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56432

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56180

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56078

56057

56020

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55932

55947

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63103

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56474

56977

57122

57833

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61751

60947

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58637

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57963

56326

57004

57869

58102

57476

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57875

56911

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56734

56724

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56789

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56743

56665

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56593

56580

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56534

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56513

56510

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56514

56513

56500

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56467

56436

56467

56410

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56454

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56489

56441

56410

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56688

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56455

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56342

56341

56337

56338

56317

56288

56031

56639

57042

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56430

56446

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56333

56290

56251

56280

56297

56262

56251

56272

56277

56243

56239

56256

56209

56219

56200

56258

56151

55858

56152

56149

56193

56199

56240

56168

56173

56162

56182

56128

56118

56090

56090

56069

56049

56024

55975

55964

55954

55873

55853

55868

55559

55614

56579

62333

63225

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58258

57766

57583

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60144

58029

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57132

56713

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56720

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56543

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56567

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56638

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56772

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59735

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59541

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57519

57611

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58870

58571

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57975

57618

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56903

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56777

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56652

56628

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56581

56556

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56616

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56718

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56663

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56713

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56976

57541

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59266

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57573

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56767

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56738

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58535

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61702

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59076

57385

57426

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57635

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56680

56431

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56308

56298

56364

56373

56338

56373

56337

56350

56369

56385

56438

56488

56473

56495

56473

56492

56446

56429

56418

56421

56309

56314

56324

56311

56317

56324

56356

56386

56393

56396

56402

56391

56409

56447

56480

56559

56591

56611

56626

57417

57899

58734

58405

58173

58095

56949

61172

61173

60842

60295

59344

57088

56827

56649

56614

56550

56519

56534

56485

56507

56544

56165

56282

56354

56535

56415

56402

56585

56733

57194

58641

58965

58244

56508

56319

56339

56510

56593

57761

57741

56595

56696

57060

56659

56582

57118

57252

57403

56927

56663

56391

56254

56636566575687657149569415691256974569805699156947569615694056907

56618567005670156701567775677656581565375660956629567155674856662565655649756488565175656056600566325665556659566535664956634566375664156592565185646656458564585646556474564815647556462564575645556469564715646556461564585645256423563985638756399563855639756385563735637356395

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4217728

4225469

4225470

583000E

5312000N -+----r--Ir---+--+f- I"---:~'----''_'i\i:

UTM Zone 17 1000m grid

584000E Figure 2

586000E

1'1

586000E 587000E