Golden Predator Doubles Yukon Holdings

TSX: GPD

www.goldenpredator.com

VANCOUVER, Sept. 1 /PRNewswire-FirstCall/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce that it has signed an option agreement pursuant to which it can acquire a 100% interest in 6 separate properties located in east central Yukon which the Company is calling the Rogue district. The property package comprises, in the aggregate, 3,154 quartz mineral claims covering approximately 659 km2 of land featuring Intrusion-Related Gold mineralization associated with several Tombstone Suite monzonitic intrusions.

"This acquisition doubles not only Golden Predator's land holdings but also the number of active projects we have in the Yukon. The potential of the Tintina trend and more particularly the Tombstone Gold Belt is just beginning to be realized on the heels of several significant recent discoveries" said William M. Sheriff, Chairman & CEO. "We are extremely excited to have this district-sized land package, which is immediately north of our Cynthia project, in our property portfolio. We look forward to conducting a number of geological studies on the entire area next year in preparation for a major drill campaign".

The Rogue district is located approximately 190 km northeast of Ross River, in east central Yukon. The project areas lie immediately north of the Company's Cynthia project, which is currently being drilled, within the eastern Tintina Gold Belt. The Tintina Gold Belt hosts several major deposits including Donlin Creek, Pogo, Fort Knox, Keno Hill, Dublin Gulch and Brewery Creek, as well as the recently discovered Rau, White Gold and Coffee deposits. The Rogue district is located approximately 20 km north of a winter road extending from the North Canol Road to the Plata Airstrip, and is accessible by helicopter and float plane.

The Rogue district projects (referred to as Projects A through F) were staked to cover several Cretaceous Tombstone Suite monzonite intrusions, which intrude Proterozoic and Paleozoic metasediments of the Selwyn Basin, with associated Au-As soil anomalies and known Intrusion-Related Gold mineralization, Epithermal Gold-Silver Veins, and Porphyry Copper-Gold Deposits (Yukon Geological Survey Minfile 105O 009, 030, 039, 054, and 055). Historical grab samples of mineralized sheeted quartz veins up to 22.5 g/t have been reported in previous assessment reports.(1)

Mineralization and Geology

The Rogue district covers several mid-Cretaceous, granite to monzonite to granodiorite, Tombstone Plutonic Suite intrusions which intrude into late Proterozoic to Triassic marine sediments of the Selwyn Basin.

Project A was staked to cover a 2.5 km wide, biotite granite to quartz monzonite intrusion called the Old Cabin Pluton, which intrudes into Upper Proterozoic to Ordovician sedimentary rocks consisting of shale, argillite, quartzite, chert and conglomerate with minor volcanoclastic rocks. The sedimentary rocks have been metamorphosed to a dark, fine-grained, magnetite hornfels with several skarn zones on the western edge of the pluton. Mineralization consists of sheeted quartz+calcite veins containing arsenopyrite, pyrite, and molybdenum. Union Carbide sampled these veins with the best result of 22.5 g/t (0.654 oz/t).(1)

Project B was staked to cover several drainages with anomalous gold in stream sediment samples up to 192 ppb Au and 2,200 ppm As.(2) The Project area covers a sequence of upper Silurian to Devonian cherts, shales and argillites which have been intruded by a mid-Cretaceous granite to quartz-monzonitic stock. Mineralization and alteration are associated with the stock, the hornfels, and cross cutting veinlets.(3)

Project C was staked to cover a mid-Cretaceous, granitic to quartz monzonitic pluton which intrudes Devonian-Mississippian slates, argillites, and cherts. A 900 x 400 m zone of disseminated sulphide and arsenopyrite-quartz-tourmaline veins has been noted along the southeast flank of the intrusion. Mineralized veins range in thickness from 2 mm to 37.5 cm wide (average 3 cm) and return values ranging from 0.02 to 14 g/t Au.(4) The Company believes this may represent a classic sheeted vein zone target typical of deposits such as Dublin Gulch, Gold Dome and Clear Creek.

Project D was staked to cover a 12 km by 2.5 km mid-Cretaceous granitic pluton, called the Emerald Lake Pluton, which intrudes Cambrian to Devonian meta-sedimentary rocks of the Selwyn Basin. Mineralization associated with the Emerald Lake Pluton consists of parallel sheeted, quartz veins ranging from 1 to 10 cm in width with variable gold with channel samples returning values up to 10 m of 5.6 g/t.(5)

Project E was staked to cover the margin of a large mid-Cretaceous granitic to quartz monzonitic pluton called the Rogue Pluton. Mineralization is associated with quartz vein-stockwork system in the contact 1-2 km contact aureole around the pluton. Quartz veins extend about 20 to 30 m into the granite and outward about 110 to 200 m into the sedimentary rocks. They contain auriferous pyrrhotite and pyrite, and minor chalcopyrite, molybdenite, galena and sphalerite. Disseminated sulphides also occur, and are frequently concentrated along fold hinges. Mineralized areas are marked by extensive gossans with rock chip samples up to 6.56 g/t.(6)

Project F was staked to cover a large northwest trending sequence of Ordovician to Silurian shales and cherts with 7 stream sediment samples with anomalous gold ranging from 15 ppb Au up to 100 ppb Au.(2)

Current Work

Golden Predator is currently compiling all historical geological data for the Rogue District, and will use this data to plan future work programs for this property leading to the establishment of drill targets in 2011.

Transaction Terms

The Company has acquired options (the "Options") on six separate claim blocks (the "Claim Blocks"), each comprised of between 446 and 586 quartz claims.

As consideration for the Options, the Company will pay to 18526 Yukon Inc. (Ron Berdahl) $25,000 and issue 250,000 common shares. In addition, the Company will reimburse 18526 Yukon Inc. for out-of-pocket staking costs incurred of approximately $490,000 and, following confirmation of registration of certain of the claims comprised in the Property, an additional sum of $330,880.

To exercise all of the Options, the Company will, in stages, pay and issue an additional $3,475,000 and 4,250,000 shares (3,650,000 of which are subject to a value cap of $7,100,000) by September, 2017 and incur exploration expenditures of $10,000,000 by December 31, 2015.

Future cash and share obligations will be reduced by 14% for each Claim Block the Company drops.

Each of the Claim Blocks will be subject to a 3% NSR in favor of 18526 Yukon Inc., and the Company has the right to repurchase 1% of the NSR on any particular Claim Block for $1,000,000. Of the $3,475,000 to be paid in cash, $2,175,000 is an advance royalty payment which will be deducted from any payments due under the NSRs.

In addition to the upfront cash and share payments, the Company has committed to paying an additional $50,000 in cash and issuing an additional 150,000 shares on the first anniversary of the agreement, as well as incurring $1,000,000 of exploration expenditures on the Property before December 31, 2011. All other payments, expenditures and issuances are optional.

The agreement is subject to several conditions, including all required regulatory approvals.

Disclaimer

Technical information for the this release has been reviewed by Gilles R. Dessureau, M.Sc. P.Geo, a Qualified Person for the purposes of National Instrument 43-101. Mr. Dessureau is a geologist employed by Golden Predator Canada Corp.

About Golden Predator Corp.

Golden Predator'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 twelve advanced exploration gold projects comprising over 1400 km2. Drill programs have been initiated on all six advanced projects and continue at, Gold Dome, Brewery Creek, and Cynthia. Results are pending from these programs, as well as the recently completed programs at Clear Creek and Antimony Mountain. The Company benefits from its royalty stream, presently generating in excess of $1.0 MM annually, 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.

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    (1) James, D.H., 1982. Union Carbide Exploration Corporation. The
        geology of the Old Cabin Claims, Yukon Territory. Yukon Mining
        Assessment Report # 091076.
    (2) Héon, D. (compiler), 2003. Yukon Regional Geochemical Database 2003 -
        Stream sediment analyses. Exploration and Geological Services
        Division, Yukon Region, Indian and Northern Affairs Canada.
    (3) Lueck, B.A., 1996. Yukon Gold Corp Geological and Geochemical
        Assessment report for the FIR 1-64 Claims and ET 1-16 Claims. Yukon
        Mining Assessment Report # 093500.
    (4) Ebert, S., 1991. Assessment Report and Geological Descriptions of
        the Christina and Scronk Claims, Yukon Mining Assessment Report
        # 092956.
    (5) Irwin J.J., 1995. Geological and Geochemical Report for the Emerald
        Lake Property, Yukon Territory, Yukon Mining Assessment Report
        # 093484.
    (6) Kelly, J.A., 1991. NEBEX Resources Ltd. Vortex Energy & Minerals Ltd.
        Preliminary Report on the Rogue Copper/Gold Prospect, Yukon
        Territory, Canada. Yukon Mining Assessment Report # 092968

SOURCE Golden Predator Corp.