Ms. Janet Lee-Sheriff reports

GOLDEN PREDATOR SELLS WHITE GOLD DISTRICT PROPERTIES TO TAKU GOLD CORP.

Golden Predator Mining Corp. has entered into a mineral purchase and option assignment agreement with Taku Gold Corp. pursuant to which the company has agreed sell to Taku its 100-per-cent interest in several non-core assets including the Chopin project, the Korat project and the Lucky Joe project and its 100-per-cent interest in certain 40 Mile area-of-interest claims. The company has also agreed to assign and transfer all of the company's interest in an agreement pursuant to which the company holds the right to acquire a 100-per-cent interest in the 40 Mile project subject to a 2-per-cent net smelter return royalty. The properties are all located in the White Gold district in the Yukon. Golden Predator is focused on the 3 Aces project in southeastern Yukon, and the sale of the White Gold assets provides an opportunity to realize value from the non-core assets held by the company.

Under the terms of the agreement, Taku agreed to issue 3.5 million common shares, representing 9.9 per cent of Taku's issued and outstanding shares (35,046,515 common shares), and to grant net smelter return royalties on the properties to the company as consideration for the acquisition. In particular, the company will retain net smelter return royalties of 1 per cent on the Chopin claims, 1 per cent on the Korat claims, 1.5 per cent on the Lucky Joe claims and 0.5 per cent on the 40 Mile claims (including the 40 Mile area-of-interest claims).

The properties

The 40 Mile project consists of 65 quartz mining claims and is road accessible via the Top of the World Highway 80 kilometres northwest of Dawson City.

The Lucky Joe project consists of 548 quartz mining claims located 50 kilometres south of Dawson in the heart of the White Gold district and is accessible by helicopter.

The Korat project consists of nine quartz mining claims surrounded by Comstock Metals' QV property. The claims are located approximately eight kilometres north of Comstock's VG deposit and 20 kilometres north of White Gold Corp.'s Golden Saddle deposit.

The Chopin project consists of 36 quartz mining claims located approximately 90 kilometres northwest of Carmacks in the Dawson range of central Yukon.

The White Gold district has shown a rapid evolution from the initial Golden Saddle discovery in 2009 to the acquisition of Kaminak Gold Corp. in May, 2016, by Goldcorp Inc. Golden Predator is focused on advancing its 3 Aces project, which includes the 3 Aces, Reef and Hy Jay properties consisting of 1,734 claims covering 357 square kilometres (35,700 hectares) in southeast Yukon. The 3 Aces project includes the two highest-grade surface discoveries to date in the Yukon, and has over 25 mineralized veins that have been discovered through sampling, trenching, roadwork and drilling over 762 metres (2,500 feet) of elevation within the Central Core area.

Early warning

Pursuant to the agreement, the company acquired 3.5 million common shares of Taku. Immediately prior to this acquisition, the company owned 1.75 million common shares of Taku, representing approximately 5.55 per cent of Taku, and 1.75 million warrants of Taku. Following the acquisition, the company owns an aggregate of 5.25 million common shares of Taku, representing approximately 14.98 per cent of the issued and outstanding common shares of Taku. The company would own seven million common shares of Taku, representing approximately 19.02 per cent, on a partially diluted basis, assuming the exercise of 1.75 million warrants. The foregoing acquisition has resulted in an approximate 9.43-per-cent change in the company's ownership on a non-diluted basis.

Pursuant the agreement, the company was issued the foregoing securities at a price of 19.5 cents, representing an aggregate value of $682,500 in consideration for the properties. The securities acquired will be held for investment purposes. The company may, depending on market and other conditions, increase or decrease its beneficial ownership of Taku's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. This information respecting the company's share acquisition is issued pursuant to Multilateral Instrument 62-104, and a report respecting the above acquisition will be filed with the applicable securities commissions using SEDAR and will be available for viewing on the SEDAR website.

Golden Predator Mining Corp.

Golden Predator is a gold mineral exploration company expanding its surface discoveries at the 3 Aces project in the Yukon through focused drilling. The 3 Aces property is a high-grade gold-in-quartz project with an exploration program under way that includes a 40,000-metre drilling program, sampling, trenching and bulk sampling to define and interpret the project. The company also holds the Brewery Creek project in the Yukon.

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