Ms. Janet Lee-Sheriff reports

GOLDEN PREDATOR RECOVERS 79.9 TO 90.8% GOLD FROM 3 ACES PRELIMINARY TEST SAMPLES

Golden Predator Mining Corp. has released results from its preliminary process testing in advance of its announced bulk sampling program expected to begin in the first quarter of 2016 at the 3 Aces project in Yukon. Gold recovery has been calculated at 90.8 per cent from a 108-kilogram composite rock sample processed through a conventional gravity recovery facility. A second sample consisting of 61.5 kilograms of material composited from rejects from previous rotary air blast drilling (see the company's news release dated Sept. 14, 2015) returned a calculated gold recovery of 79.9 per cent. The calculated head grades of these samples, based on the sampling methodology described herein, are 82.03 grams per tonne gold and 40.49 grams per tonne gold, respectively.

"We are encouraged by the very high recoveries indicated in these preliminary processing tests," said Janet Lee-Sheriff, chief executive officer of Golden Predator. "The numbers are consistent with expectations and coincide with results from previous metallurgical work [see news release dated Dec. 2, 2014] completed on quartz vein material obtained from the same 3 Aces location. These tests have enabled us to source an economical processing plant to be used for the upcoming bulk sampling program. We look forward to refining our understanding of the mineralization, its distribution and its potential for recovery from the high-grade veins present at 3 Aces."

Preliminary processing was conducted on two composite samples: a 108-kilogram grab sample composite of vein material collected from the bulk sample zone at 3 Aces during the RAB drill program and a 61.5-kilogram composite of RAB drilling rejects prepared by ALS Minerals' Whitehorse sample prep facility. Both samples were shipped to Mt. Baker Mining and Metals LLC in Bellingham, Wash., United States, for individual processing through a one-tonne-per-hour (20-tonne-per-day) demonstration plant consisting of a six-inch-by-10-inch jaw crusher, a 16-inch-by-12-inch hammer mill and a single four-foot-by-eight-foot shaker table. The shaker table produces two gravity concentrates and tailings.

The attached table shows the weight and gold content for each concentrate, as well as for the tails.

Sample description                           Weight      Weight     Au (g/t)     Contained
                                                (kg)    (tonnes)                     Au (g)

Rock -- panned gold concentrate*                  -           -            -          4.97
Rock -- primary concentrate
after panning                                  0.32        0.00     9,530.00          3.05
Rock -- secondary concentrate                  0.65        0.00        34.10          0.02
Rock -- tailings                             107.03**      0.11         7.64          0.82
Total                                        108.00        0.11                       8.86
RAB drill -- panned gold concentrate*             -           -            -          0.68
RAB drill -- primary concentrate
after panning                                  0.25        0.00     5,160.00          1.29
RAB drill -- secondary concentrate             0.64        0.00        32.10          0.02
RAB drill -- tailings                         60.61**      0.06         8.24          0.50
Total                                         61.50        0.06                       2.49

*  Panned gold concentrates were treated with hot nitric acid following
   magnetic separation of trace amounts of magnetite, removing approximately
   17 per cent of associated gangue minerals by weight.
** Tailings weights are calculated using the original sample weight.

Sample                         Weight     Au (g/t)   Contained    Head grade     Recoverable
                                  (kg)                   Au (g)      (Au g/t)          Au (%)
Rock -- panned
gold concentrate*                   -           -         4.97         82.03           90.8%
Rock -- primary
concentrate after panning        0.32    9,530.00         3.05
Rock -- secondary
concentrate                      0.65       34.10         0.02
Rock -- tailings               107.03**      7.64         0.82
Total                          108.00                     8.86
RAB drill -- panned
gold concentrate*                   -           -         0.68         40.49           79.9%
RAB drill -- primary
concentrate after panning        0.25    5,160.00         1.29
RAB drill -- secondary
concentrate                      0.64       32.10         0.02
RAB drill -- tailings           60.61**      8.24         0.50
Total                           61.50                     2.49

*  Panned gold concentrates were treated with hot nitric acid following 
   magnetic separation of trace amounts of magnetite, removing approximately 
   17 per cent of associated gangue minerals by weight.
** Tailings weights are calculated using the original sample weight.

Further testing of the tails included screening to size with each resulting size fraction being assayed for gold. The results of this testing are shown in the attached table. These results indicate that the initial crushing and grinding process may sufficiently grind the feed without the need for further classification or regrinding.

Tailings sample            Weight      Au-ICP21      Au-GRA21      Au weighted  average
                               (g)         (g/t)         (g/t)                     (g/t)

Rock plus eight mesh         67.8*
Rock minus eight
plus 20 mesh                129.9**        7.67
Rock minus 20
plus 70 mesh               867.00          4.91                                    7.64
Rock minus 70
plus 200 mesh               95.80    Above 10.0         21.90
Rock minus 200 mesh         27.30    Above 10.0         44.00***
RAB drill plus
eight mesh                   42.6*
RAB drill minus eight
plus 20 mesh                 60.6**        7.26
RAB drill minus 20
plus 70 mesh               700.90          3.87                                    8.24
RAB drill minus 70
plus 200 mesh              197.70    Above 10.0         19.70
RAB drill minus 200 mesh    40.80    Above 10.0         29.30

*    This refers to calculated weight.
**   Weight is the combined weight of the plus-eight fraction combined with
     the minus-eight-plus-20 fraction; resulting in a plus-20 mesh composite
     sample; fractions were combined to provide enough material for assay.
***  The gold value is estimated from ICP21 overlimit, as not enough sample
     material remained to run Au-GRA21.

Sampling methodology, quality control and analysis

The composite of quartz vein material was collected by Mike Burke, chief geologist for Golden Predator. These samples were stored in a secured facility until preparation and weighing prior to shipping to Mt. Baker Mining and Metals' facility. Reject material from previous RAB drilling was stored at the ALS facility in Whitehorse until being shipped directly to Mt. Baker Mining and Metals' facility.

All samples were securely stored at Mt. Baker Mining and Metals' facility until the arrival of company personnel who supervised the processing. Concentrates and tailings splits produced from the sample processing were analyzed by ALS at its facility in Reno, Nev. Gold was using ALS Au-ICP21 method, and any overlimit samples (above 10 grams per tonne gold) were fire assayed using ALS AU-GRA21 method. Prior to ALS analysis, William Sheriff, company chairman, facilitated the processing of an additional panned gold concentrate, whereby precision weights were attained using a Mettler balance, after magnetic separation and treatment with nitric acid, at the geoscience laboratory in the University of Texas, Dallas, The sample head grades were calculated by adding back the recovered gold (grams) to the total contained gold (grams) in all sample fractions as determined from ALS assays, divided by the total sample composite weight (tonnes).

The technical content of this news release has been reviewed and approved by Mike Burke, PGeo, chief geologist, a qualified person as defined by National Instrument 43-101.

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