Dawson Gold Corp. Proposes Share Consolidation

Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) (the "Company") announces
that it proposes a share consolidation of the Company's common shares on a ten
for one basis. The Company currently has 25,364,887 shares issued and
outstanding. Following the consolidation, the Company will have approximately
2,536,488 shares issued and outstanding prior to rounding for fractional shares.
The share consolidation is subject to shareholder approval and stock exchange
approval, and will be presented for approval at the shareholders' meeting to be
held on December 28, 2012.


Notice of adjournment of Annual General and Special Meeting

The Company further announces that the Annual General and Special Meeting
scheduled for December 14, 2012 will be adjourned to December 28, 2012 in order
to permit delivery of a Notice of Adjournment and Supplement to Information
Circular. Shareholders will receive the Notice and Supplement along with an
updated Proxy and/or Voting Instruction Form. Shareholders should vote using
only the updated Proxy and Voting Instruction Form.


For additional information please visit the Company's website at www.dawsongold.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Dawson Gold Corp.
Paul D. Gray
Chief Executive Officer
604.687.2471
[e-mail]
www.dawsongold.com