Golden Predator Reports Initial Results from Brewery Creek

TSX: GPD

www.goldenpredator.com

VANCOUVER, Aug. 27 /PRNewswire-FirstCall/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce initial results from its ongoing diamond and reverse circulation drilling programs on its Brewery Creek Project as well as results from its Eureka Project.

Brewery Creek

To date the Company has drilled 6 diamond drill holes totaling 1,430 m and 17 RC drill holes totaling 2,350 m on its Brewery Creek Property, located 55 km due east of Dawson City, Yukon. Results for the 6 diamond drill holes and 6 of the RC drill holes have now been received and analyzed. A detailed plan map and drill hole results table is available for viewing at the Company's website http://www.goldenpredator.com/i/pdf/2010-08-27_NR.pdf.

Significant results from RC holes BCRC10-2315 and BCRC10-2316 are highlighted by intercepts of 4.161 g/t over 7.62 metres starting at 53.43 m depth and 1.428 g/t over 4.57 m starting at 60.96 m depth respectively. Both of these holes targeted the down-dip extension of higher-grade gold remaining south of the Lucky pit.

The ongoing exploration program at Brewery Creek has been designed to explore the potential for higher-grade feeders lying beneath the historic resource, and to increase the existing resources through near surface drilling. Initial results indicate the presence of gold mineralization down-dip of the known resource near structural intersections.

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       2010 Initial Drill Highlights from the Brewery Creek Project, YT
         Select Significant Intercepts (greater than) 1.0 g/t Au(1)
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      Drill Hole         From       To        Interval         Au
                          (m)       (m)          (m)           g/t
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    BC10_162              4         6            2            1.555
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    BCRC10-2314         38.1      44.2          6.1           1.115
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    BCRC10-2314        57.91     60.96         3.05            1.09
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    BCRC10-2315        53.34     60.96         7.62           4.161
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    BCRC10-2315          64      65.53         1.53            2.59
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    BCRC10-2316        50.29     53.34         3.05           1.506
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    BCRC10-2316        60.96     65.53         4.57           1.428
    -------------------------------------------------------------------------
    (1) Results less than 2.5 g/t/m gold are not reported in this table,
    unless the grade was (greater than) 1 g/t gold.

Brewery Creek was the site of a heap-leach gold mine which operated from 1996-2002 and produced 279,541 ounces of gold. Current resources remaining on the Property include an Indicated Resource of 3.98 MM tonnes grading 1.135 g/t Au and an Inferred Resource of 2.2 MM tonnes averaging 2.01 g/t Au (Diment and Simpson, 2009).

The Brewery Creek Project is authorized under a Type A Water License with an expiry date of December 31, 2021, subject to the restrictions and conditions contained in the Yukon Water Act and Regulations. The Project also has a production license with an expiry date of December 31, 2021.

Eureka

The Company also announces that it has completed a 2,927 m drill program on its Eureka project, located 90 km south-east of Dawson City, Yukon. 27 RC drill holes were drilled to test a broad gold-in-soil anomaly and to verify previous trench results. Assay results have been received and analyzed from all 27 holes. A detailed plan map and assay sheet showing significant intersections is available for viewing at the Company's website http://www.goldenpredator.com/i/pdf/2010-08-27_NR.pdf.

The program demonstrated that a series of gold bearing structures are present cutting schists and phyllites. These structures typically occur in zones of anomalous gold mineralization exceeding 0.3 g/t Au with the actual structure containing higher values as illustrated in the drill results below. Over all, the results indicate that the structures and surrounding host rock contain several zones of low-grade (less than one gram per tonne) gold mineralization. More work will be required to refine the understanding of the nature of the mineralization at Eureka including geophysics, additional close-spaced soil surveys over yet to be tested portions of the expansive property, and trenching.

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              2010 Drill Highlights from the Eureka Project, YT
         Select Significant Intercepts (greater than) 1.0 g/t Au(1)
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      Drill Hole         From       To        Interval         Au
                          (m)       (m)          (m)           g/t
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    EU-10-02RC          10.67     12.19         1.52          1.035
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    EU-10-02RC          60.96     62.48         1.52           1.93
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    EU-10-04RC           70.1     71.63         1.53           2.44
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    EU-10-08RC          62.48     64.01         1.53           1.72
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    EU-10-10RC          60.96     62.48         1.52           1.15
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    EU-10-20RC          64.01     67.06         3.05          1.382
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    EU-10-23RC          120.4    121.92         1.52           1.19
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    EU-10-26RC          71.63     73.15         1.52           6.62
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    (1) Results less than 2.5 g/t/m gold are not reported in this table,
        unless the grade was (greater than) 1 g/t gold.

Sampling Methodology, Quality Control and Assurance

The diamond drill holes were drilled by skid mounted drills utilizing HQ, NQ, and NTW core sizes (6.4 cm/2.5", 4.8 cm/1.87" and 5.6 cm/2.2", respectively). Core is cut or split and one half is sent to the lab for analysis and the other half retained on site.

The RC drill holes were drilled by track mounted drills that produce a 5" (12.7 cm) diameter drill hole. Samples were collected from 1/8th of the material from a 5 ft (1.5 m) interval utilizing a splitter incorporated on the cyclone.

Both the RC samples and core samples were sent to ALS Chemex's prep lab in Whitehorse and then forwarded to their ISO 9001 certified preparation facility in Terrace, B.C. The pulps were analyzed at ALS's ISO 9001 certified laboratory in Vancouver. Approximately 5% of the pulps are sent for secondary check assays at Stewart Groups Eco Tech laboratory in Kamloops, B.C. Blanks, commercial standards and duplicate samples were included in each batch. To determine Au levels at the ppb level detection limit 5-10,000 ppb (5-1000 ppb at Stewart Group)) 30 g samples are fire assayed then digested in aqua regia solution and analyzed by atomic absorption. At Eco Tech, values over 1,000 ppb are re-assayed by fire assay and then digested with aqua regia and then re-analyzed by an atomic absorption instrument (detection limit 0.03 g/t). At ALS Chemex, values over 10 g/t gold are re-assayed by fire assay followed by a gravimetric finish (50 ppb lower detection limit).

Other elements are analyzed by a 35 elements package (ME-ICP41) whereby the sample is dissolved in a aqua regia acid solution and then analyzed by ICP. Additional check-analyses are carried out by the lab which did not receive the original sample.

Drilling Sampling Protocol/Chain of Custody/Data Verification

Golden Predator employs high standards of protocol with respect to the handling and chain of custody of its samples. All sampling is conducted under the supervision of the Company's project geologist and the chain of custody from the drill to the sample preparation and logging facility is continually monitored by the project geologist. Samples are shipped to the lab by qualified couriers or Company personnel under locked bags with independent identification lock numbers. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain set parameters for acceptance to insure accurate and verifiable results. All assays are reported as drilled intervals and are not to be interpreted as true widths.

The technical content of this news release has been reviewed and approved by Corwin (Cor) Coe, A.Sc.T., B.Sc., P.Geo., 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.'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 six advanced exploration gold projects comprising over 700 km2. Drill programs have been initiated on all six advanced projects and continue at Clear Creek, Gold Dome, Brewery Creek, and Cynthia. Results are pending from these programs, as well as the recently completed program at 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.

SOURCE Golden Predator Corp.