Chairman William M. Sheriff Increases Ownership in Golden Predator

Jun 24, 2010, 13:39 ET from Golden Predator Corp.


VANCOUVER, June 24 /PRNewswire-FirstCall/ - Golden Predator Corp. (TSX: GPD) (the "Company") announces that William M. Sheriff, Chairman and Chief Executive Officer of the Company, has increased his ownership in the Company to 4,094,094 common shares ("Shares").

Since the Company was listed for trading in the second quarter of 2009, Mr. Sheriff has, on 50 separate occasions, purchased an additional 2,311,933 Shares at prices ranging between $0.28 and $0.73, of which 1,329,500 were purchased on 22 separate occasions during the current year at prices between $0.42 and $0.73. The total cost of acquiring the 2,311,933 Shares was approximately $1,220,000, which represents an average price of $0.53 per common share. Mr. Sheriff has never sold any of his shares in the Company.

Mr. Sheriff stated, "I strongly believe in Golden Predator's advanced gold projects and have every confidence in the elite technical and managerial team we have carefully assembled over the past eighteen months. The Company's bright future lies in its strong property position and its commitment to the Yukon, which is quickly emerging as the world's pre-eminent first world gold camp. I want my ongoing purchases to reflect this overwhelming confidence and personal commitment."

The information as to Mr. Sheriff's shareholdings has been furnished by Mr. Sheriff from his SEDI filings and has not been independently confirmed by the Company.

About Golden Predator Corp.

Golden Predator Corp.'s corporate mandate is to be the leading gold property explorer and developer in Yukon, Canada. The Company has an extensive Yukon property position with an industry leading five advanced exploration gold projects comprising over 600 km(2). Drill programs have commenced on the Company's Brewery Creek and Eureka projects with plans to commence drilling at Gold Dome and Clear Creek projects in July 2010. Drilling at Antimony Mountain is scheduled for August, 2010.Golden Predator benefits from its royalty stream, presently generating in excess of $1.0 MM annually. Golden Predator also continues to advance its significant US gold projects and is working to create Silver Predator Corp. to monetize its substantial Nevada-based silver assets.

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 Corp.