11 November 2010

November 8, 2010: Kettle River Resources Ltd. is pleased to announce it has concluded an agreement with Golden Dawn Minerals Inc. to option 100-per-cent interest in the Tam O'Shanter gold-copper prospect in the historic Greenwood Mining District, British Columbia, Canada. The option acquisition requires Golden Dawn to make cash payments totalling $230,000, issue of 1.5 million shares of common stock in Golden Dawn Minerals Inc. and work commitment of $2-million over four years. The property is subject to a 3-per-cent net smelter return royalty retained by Kettle River Resources Ltd. and gives Golden Dawn the option to repurchase 2-per-cent NSR royalty for $3-million.

The agreement is subject to the TSX Venture Exchange approval.

ON BEHALF OF THE BOARD

“Signed”
Ellen Clements,
President and Chief Executive Officer

For further information contact Ellen Clements 1 800 856-3966

Caution Regarding Forward-Looking Statements -- This news release may contain certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.

“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.”