TSX: GPD

www.goldenpredator.com

VANCOUVER, Dec. 17 /PRNewswire-FirstCall/ - Golden Predator Royalty & Development Corp. (TSX:GPD) (the "Company") is pleased to announce results for the final 7 drill holes in a 13 hole reverse circulation program totaling 2,240 m (7,350 ft) of drilling at the Company's Adelaide Project located in Humboldt County, Nevada. Significant mineralization was encountered in this most recent drilling highlighted by 21.67 gpt gold across a true vein width of 7.09 m, including 31.55 gpt gold across a true vein width of 4.72 m.

"We are highly encouraged by these latest results which infill an important gap in our more than 1,000 feet of strike length in the main Margarite Vein Zone," said William M. Sheriff, Chairman & CEO of the Company. "Adelaide is quickly emerging as our flagship property in Nevada, yielding repeated high grade gold intercepts with good continuity and significant width. Adelaide is the leading candidate to supply high grade material for trucking to the proposed modular mill facility at our Humboldt mill site. Permitting has already begun on the Humboldt mill site and will progress in parallel with continuing developments at Adelaide. All of this is critical to establishing a self-funded gold company, providing cash flow for expanded exploration for world class deposits in Yukon, Canada."

Drilling Results

The results continue to demonstrate continuity of high gold grades in the bonanza vein style system, while expanding the tonnage potential for the zone. Specifically hole GPA-042 and GPA-035 infill an important 300 foot gap in drilling in the middle segment of the vein zone. The program included 10 RC holes into the Margarite Vein Structural Zone, demonstrating continuity of higher grades with depth and along strike of previous intercepts.

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               Adelaide Project, Margarite Vein Structural Zone
         Significant Intercepts (greater than) 1.0 gpt (0.03 opt) Au
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                           Drilled  True                 True
    Drill                   Thick-  Thick-              Thick-
    Hole        From    To    ness   ness  Gold  Silver  ness   Gold   Silver
    #         (ft)   (ft)   (ft)   (m)   (gpt)  (gpt)  (ft)   (opt)  (opt)
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    GPA-042      355    380     25   5.91   2.75   54.6   19.4  0.080   1.59
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                 395    425     30   7.09  21.67   54.0   23.3  0.632   3.06
    -------------------------------------------------------------------------
    including    395    415     20   4.72  31.55   76.5   15.5  0.920   2.23
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                 465    470      5   1.18   5.01     20    3.9  0.146   0.58
    -------------------------------------------------------------------------

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    GPA-045      140    145      5          4.29   30.0         0.125   0.88
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                 160    165      5          1.75   29.0         0.051   0.85
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    GPA-046      725    730      5          1.68    5.0         0.049   0.15
    -------------------------------------------------------------------------

Drill holes GPA-034 through GPA-042 and GPA-046 tested the Margarite Vein Structural Zone, with the results for GPA-034 through GPA-039 reported in the Company's November 10, 2009 news release. Drill holes GPA-040 and GPA-041 were drilled on the same east to west azimuths, testing mineralization along strike to the south with no significant intercepts. GPA-042, is drilled on the same fence as hole GPA-035, testing the Margarite zone approximately 30 m (100 ft) up-dip from the 7.56 m of 4.4 gpt (24.8 ft of 0.130 opt) gold intersected in GPA-035 across true width.

Drill holes GPA-043 to GPA-045 were drilled on the newly targeted Sage vein zone located approximately 450 m (1,500 ft) to the northwest of the Margarite area. The Sage vein is located in historic trenching, and intersected by a single historic drill hole GT 3-1 drilled by Grand Teton in 1988, containing 3 m of 4.13 gpt (10 ft of 0.120 opt) gold, including 1.5 m of 7.0 gpt (5 ft of 0.204 opt). The 3 hole program was designed to identify strike direction and potential continuity of the GT 3-1 intercepts. Hole GPA-045 is very encouraging, confirming a favourable strike orientation for the mineralized zone in a 122 m (400 ft) offset to the south of GT 3-1. No true thickness of the Sage vein intercepts have been estimated due to the limited understanding of this new zone.

The Company holds an option to acquire up to 100% of Atna Resources Ltd.'s interest in the Adelaide Gold Project, which is subject to an underlying lease with Newmont Mining Corporation as referenced in the Company's Technical Report on the Adelaide Project dated June 22, 2009 which can be found at www.sedar.com.

Appointment

The Company is pleased to announce the appointment of Travis Schwertfeger, BSc, MAIG as the Company's Vice-President, Exploration (US). Mr. Schwertfeger joined the company in October 2007 and has over 12 years in both production and exploration experience from previous work with Newmont Mining Corporation and Hecla Mining Company. Mr. Schwertfeger has worked in a variety of geological settings and styles of gold mineralization across Nevada, Western Australia, and West Africa and is a graduate of the Colorado School of Mines with a BSc in Geological Engineering. As Vice-President, Mr. Schwertfeger will be instrumental in identifying and developing properties in the United States capable of providing high grade ore for the Company's proposed modular mill in Nevada.

Laboratory Analysis and QA/QC

ALS CHEMEX of Elko, NV received all samples for primary lab analyses. Samples received in the lab were first logged-in and assigned a barcode. The samples were then fine crushed to 70% less than 2 mm then split with a riffle splitter with one split pulverized to 85% less than 75 microns. Gold was analyzed by fire assay and AAS using a nominal 30 gm sample weight. Assay results for gold and silver are reported by the lab in ppm units. In public disclosure, ounce per empirical ton (opt) and gram per metric tonne (gpt) is used, where 34.2857 ppm is equivalent to 1 opt and 1 ppm is equivalent to 1 gpt. For samples exceeding 10 ppm, values were analyzed by fire assay with a gravimetric finish. Silver was analyzed by aqua regia digestion and ICP-AES or AAS. Levels of detection for gold and silver are, 0.005 and 1 ppm, respectively. QA/QC procedures for the drilling include a QA/QC sample added the lab submittal for every eighteen samples submitted, and are a combination of blank samples, field duplicates and standard reference material.

Results of historic drilling have been verified by the qualified person. All assay numbers are reported as un-cut and all intercepts are reported as drill thickness not true thickness unless otherwise indicated.

Travis Schwertfeger, BSc, MAIG & the Company's Vice-President, Exploration (US) is the Qualified Person for the Adelaide Project and has reviewed the technical content of this news release.

About Golden Predator Royalty & Development Corp.

Golden Predator's corporate mandate is to establish a self-funded gold company focused on the Yukon, Canada.

The Company is focused on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt, where the Company is aggressively exploring its Gold (Scheelite) Dome, Antimony Mountain, Clear Creek and the Brewery Creek projects.

The Company is also drilling a number of its Nevada and California properties with bonanza-style gold targets, including Adelaide, Golden Ridge and Angel's Camp, to potentially provide near term production of small-tonnage high grade ores. The Company intends, through its strategic use of modular mills at its Taylor and Humboldt mill sites, to become a gold producer capable of funding its Yukon program. In addition, the Company currently receives in excess of $1.0 M per year from its royalty stream.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

SOURCE Golden Predator Royalty & Development Corp.

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