Golden Dory Resources Corp.: Private Placement

GANDER, NEWFOUNDLAND – August 15, 2012 – Golden Dory Resources Corp. ("Golden Dory" or the “Company”) is pleased to announce a non-brokered private placement (the “Private Placement”) pursuant to which Golden Dory proposes to raise up to $1,000,000 via the sale of flow-through shares (“FT Shares”) and units (the “Units”) at a price of $0.06 per FT Share and $0.05 per Unit. The Private Placement is subject to the approval of the TSX Venture Exchange.

Each Unit under the Private Placement will consist of one common share and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.10 for a period of 24 months following the closing of the Private Placement (the “Closing”).

The Company will, subject to regulatory approval, pay a cash finder’s fee equal to 7% of the gross proceeds raised in the Private Placement, as well as broker warrants (the “Broker Warrants”) equal to 7% of the number of FT Shares and Units sold in the Private Placement. The Broker Warrants are exercisable into shares of the Company for a period of 24 months following the Closing at an exercise price of $0.05 per share.


2.On behalf of the Board of Directors of Golden Dory Resources Corporation

"Kevin Keats"
Kevin Keats, CEO & Director



For further information, please contact Kevin D. Keats, President and CEO of Golden Dory at (709) 256-4201, or Chris Haldane at CHF Investor Relations at (416) 868-1079.

Neither the 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.