Golden Predator Reports Discovery of New Zone and Further Progress at Brewery Creek Project, Yukon

TSX:GPD

VANCOUVER, Oct. 27, 2011 /PRNewswire/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to release positive results from an additional 19 diamond drill holes and 14 reverse circulation drill holes at its flagship Brewery Creek Project. In addition, the Company is strongly encouraged by significant gold intercepts on the newly discovered Ice Fog Zone. The Company's Sleeman Zone and North Slope infill drilling programs continue to meet expectations.

Highlights of the current release include:

• BC11-260 (Sleeman Zone) with 26.72 m of 1.28 g/t gold and 21.56 g/t silver from a depth of 66.24 m;
• BC11-267 (Sleeman Zone) with multiple intercepts including 15.84 m of 4.00 g/t gold and 41.57 g/t silver from a depth of 156.36 m;
• BC11-250 (Ice Fog discovery) with 46.10 m of 0.53 g/t gold from a depth of 10.0 m; and
• BC11-257 (North Slope  Zone) with 13.50 m of 1.41 g/t gold from a depth of 13.50 m.

Brewery Creek Project Update
To date in 2011, the Company has completed more than 240 drill holes at Brewery Creek, totalling over 38,000 m.  Drilling has been concentrated on delineating the two 2011 discoveries at the Bohemian-Schooner and Sleeman Zones, with significant additional drilling on the North Slope and Classic Zones, as well as the newly identified Ice Fog Zone.  Results are still pending for over 130 core and RC holes.  Year-round drilling continues at Brewery Creek, with 4 core rigs and one RC rig presently operating on site.  Resource modeling in support of an updated resource estimate is well underway.

2011 Yukon Update
To date the Company has completed:

• 6 core holes for more than 2,000 m on its previously undrilled Harlan Project;
• 6 additional core holes for almost 1,400 m on its Antimony Project;
• 8 core holes for approximately 1,200 m on its Eureka Project;
• 18 core holes for more than 3600 m at its Clear Creek Project;
• 20 core and 50 RC holes on its Grew Creek Project;
• over 240 combined holes at Brewery Creek as described above; and
• extensive soil and stream sediment surveys over much of its expansive land holdings in the Yukon. 

In total, the Company has drilled over 350 holes totalling over 65,000 m to date in 2011. All results are still pending from the Harlan, Antimony, and Eureka programs, approximately 50% of the Grew Creek drill program, and over 50% of the ongoing Brewery Creek drill program where year-round operation continues with 4 core rigs and 1 RC rig. In addition, results from all soil and stream sediment sampling programs are pending.

A complete table of results, including a more comprehensive geological discussion and location map can be found on the Company's website at: http://www.goldenpredator.com/documents/GPD-NR11-39-Brewery-Creek.pdf

Sampling Methodology, Quality Control and Assurance

Samples were fire assayed for gold by ALS Chemex and ACME Laboratories in Vancouver. All assays are reported as drilled intervals and are not to be interpreted as true widths. Refer to the Company's news release dated March 24, 2011 for a complete discussion of sampling methods, quality control and assurance. Additional sampling protocol for the RC samples includes collection of samples through a wet rotary splitter mounted on the drill where an average sample weight of 7 kilograms is collected in porous polypropylene bags.  Samples are then shipped to the laboratory following chain of custody protocol and with appropriate QA/QC samples inserted as per the guidelines described in the March 24, 2011 news release.

The technical content of this news release has been reviewed and approved by Michael Maslowski, BSc, CPG, the Company's Vice President, Exploration (Canada) and a Qualified Person as defined by National Instrument 43‐101.

About Golden Predator Corp.

Golden Predator Corp., Yukon's Gold Company, is a well-funded exploration company mandated to create a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project on which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects.

Golden Predator has the largest controlled land position in the Yukon, with exploration holdings in excess of 1,400,000 acres (over 5,700 km²), and is committed to strong relationships with Yukon First Nations and communities. Golden Predator's management and technical teams continue to lead aggressive exploration programs in the underexplored regions of the Yukon, and are driven to bring value to shareholders and leave a positive legacy in the Yukon.

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.