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Golden Predator Corp
Symbol GPD
Shares Issued 114,728,664
Close 2011-07-05 C$ 0.97
Market Cap C$ 111,286,804
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Golden Predator drills 92 m of two g/t Au at Grew Creek

2011-07-05 14:31 ET - News Release

Mr. Bruce Otto reports

GOLDEN PREDATOR DRILLS 92.0 M OF 2.02 G/T GOLD; COMMENCES RESOURCE CALCULATION AT CARLOS ZONE, GREW CREEK PROJECT

Golden Predator Corp. has released results from the final five core holes from its winter 2011 drill program at the Carlos zone, Grew Creek project, Yukon. Four of the five holes have intersected significant mineralization including 92.0 metres of 2.02 grams per tonne gold beginning at a depth of 60 metres in core hole GC11-281, 104.2 m of 1.68 g/t gold from a depth of 42.7 m in core hole GC11-283 and 104.0 m of 1.33 g/t gold from a depth of 130.9 m in core hole GC11-279.

The company has now released all results from its winter 2011 core drilling campaign at Grew Creek, which totalled 4,317 m in 20 holes in the Carlos zone. These holes complete a drill pattern with an average spacing of 25 m to support a recently commissioned NI 43-101-compliant resource calculation. Results also support the current interpretation of structural controls on gold mineralization. These data extend known mineralized trends down dip, along both strike directions, and through areas where prior drilling was sparse. The deposit remains open at depth but appears to be cut off along strike. The company has commenced its next phase of exploration on the Grew Creek project, which will include property-wide geological mapping, geophysical surveys and reverse-circulation drilling of known altered areas on strike with the Carlos zone as well as projected structural offsets.

The Grew Creek project is located 32 kilometres southwest of Faro, Yukon. The property's 72 square kilometres encompass 363 quartz claims, extending along both sides of the Robert Campbell Highway for approximately 27 kilometres, with power lines traversing the project area.


               FINAL WINTER, 2011, DIAMOND DRILL HOLES                  
        AT GREW CREEK, YUKON -- SIGNIFICANT INTERCEPTS (1), (2)

Drill hole       From (m)          To (m)  Interval (m)     Gold (g/t)

GC11-279            56.39           72.39         16.00           0.59
and                130.87          234.87        104.00           1.33
including          164.87          182.87         18.00           3.12
GC11-280           No significant results
GC11-281            60.05          152.05         92.00           2.02
including           90.05          134.05         44.00           3.09
GC11-282            61.15          201.16        140.01           0.93
including          155.15          189.15         34.00           1.68
GC11-283            42.67          146.83        104.16           1.68
including           50.67           63.01         12.34           5.25

(1) Results where g/t times m are less than 2.5 are not reported in
this table, unless the individual grade equalled one g/t gold over a
minimum of 2.0 metres. Other intervals require equals 0.5 g/t gold to
be included.
(2) Grams per tonne (g/t) to troy ounces per short ton: g/t divided by
34.2857 or multiplied by .0292. Metres to feet: one m equals 3.28084
feet.

The complete results of the Grew Creek 2011 winter drill program, with accompanying maps, are available at the company's website.

Sampling methodology, quality control and assurance

Samples were fire assayed by ALS Chemex in Vancouver. Refer to the company's news release dated May 26, 2011, for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Bruce Otto, MSc, PGeo, CPG, the company's senior structural geologist and a qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

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