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Dawson Gold Corp. Proposes Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov 30, 2012) - 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.