Dawson Gold announces $500K private placement

News Release

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

DAWSON GOLD ANNOUNCES FINANCING

Vancouver, British Columbia, October 5, 2017: Dawson Gold Corp. (NEX: DYU.H) (“the “Company”) announces that it proposes to complete a non-brokered financing of up to 2,222,222 common shares of the Company at a price of $0.225 per share for gross proceeds of up to $500,000.

The common shares will be subject to a four month hold period from the closing date, in accordance with applicable securities laws. The proceeds from the financing will be used for transaction costs associated with the proposed business combination with FluidOil Limited (see news release dated April 12, 2017).

Completion of the financing is subject to the approval of the TSX Venture Exchange.

For more information, contact:

John Anderson, Director
Telephone: 604-218-7400
Email: john@purplefish.ca

Bijay Singh, Director
Telephone: 604-897-0132
Email: bijay@shaw.ca

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.

The securities referenced in this press release have not and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon.