Ms. Janet Lee-Sheriff reports

GOLDEN PREDATOR INTERSECTS 8 M OF 50.4 G/T GOLD AT THE 3 ACES PROJECT; SCHEDULES WEBCAST TO PROVIDE 2017 EXPLORATION PROGRAM UPDATE

Golden Predator Mining Corp. has released assay results for eight reverse circulation (RC) drill holes and 10 diamond core drill holes at the 3 Aces project in southeast Yukon, Canada. The current drill program has focused on the Spades zone to provide appropriate drill density for interpretation and modelling of the gold mineralization in the high-grade vein system. The company also reports a new discovery of gold in quartz veining at the new Ace of Diamonds and Three of Diamonds, which were discovered through the continuing sampling and mapping program.

Significant results include:

• Hole 3A17-124: 4.57 metres of 58.75 grams per tonne gold, including 1.52 m of 121.75 g/t gold;
• Hole 3A17-132: 13.30 m of 6.69* g/t gold, including 1.95 m of 25.64* g/t gold;
• Hole 3A17-134: 4.6 m of 18.77* g/t gold, including 1.5 m of 36.6* g/t gold;
• Hole 3A17-138: 1.5 m of 8.31* g/t gold and 8.0 m of 50.4* g/t gold, including 1.0 m of 156.0* g/t gold;
• Hole 3A17-131: 13.75 m of 65.31 g/t gold and 4.55 m of 46.90 g/t gold, including 0.95 m of 209 g/t gold (grade verification);
• Hole 3A17-133: intersected 6.0 m of 15.98* g/t gold, including 1.5 m of 49.93* g/t gold and 16.2 m of 20.5* g/t gold, including 5.1 m of 57.77* g/t gold (grade verification).

Intervals reported with an asterisk (*) are results from a 50-gram fire assay. These intervals have been submitted for metallic screen analysis, which are pending. Metallic screen analysis may report higher or lower gold values than the 50-gram fire assay. To date, overall average gold values increase in reported grade when comparing metallic screen analysis with 50-gram fire assay.

The drill results reported include stepout and infill holes at the Spades zone, as well as two grade verification diamond core holes. Stepout holes 3A17-137 and 3A17-138 extend mineralization along strike, intercepting quartz veining 10 metres apart and 17 metres from previous drilling. Hole 3A17-137 returned 1.5 m of 68.30* g/t gold and 5.5 m of 7.24* g/t gold with hole 3A17-138 returning 1.5 m of 8.31* g/t gold and eight m of 50.4* g/t gold. The grade verification holes have confirmed grades in areas previously explored with reverse circulation drilling. Hole 3A17-131 intersected the best mineralized interval reported to date from the 3 Aces project at 13.75 m of 65.31 g/t gold, and lower in the same hole another interval of 4.55 m of 46.90 g/t gold. Hole 3A17-133 intercepted a blind vein with 1.15 m of 73.2* g/t gold at a depth of 60.1 m, about 25 m below the nearest previously known intercept. Results continue to confirm the potential for near-surface and high-grade underground targets and are part of a fully financed 40,000-metre drill program, which will continue throughout 2017.

The company has greatly increased its understanding of the structural and stratigraphic controls of the gold mineralization within the 11-square-kilometre Central core area. These controls and style of mineralization persist along a northwesterly trend measuring 35 kilometres within the current 357-square-kilometre land package at 3 Aces. The similarities and repetitive nature of the structures, stratigraphy and mineralization have significant district-scale implications across the property.

Geologic mapping and soil sampling are critical summer exploration programs and recently led to a visible gold discovery at the newly identified Ace of Diamonds in the Diamond zone. The Diamonds zone features gold-bearing quartz veining occurring continuously over a strike of 1.2 kilometres. The company also discovered quartz breccias containing up to 3.21 g/t gold at the newly discovered Three of Diamonds. Discovery of gold in the lower stratigraphy that hosts the Diamonds zone supports the theory that deep mineralization underlies the Spades, Hearts and Clubs zones. Expansion into the Diamonds zone significantly enhances the overall potential of the Central core area.

Complete location maps can be found on the company's website.

Call-in details

The company has scheduled a webcast to provide an update on the 2017 exploration program and to better explain the evolving structural model. A question-and-answer period will follow the presentation.

Time:  11 a.m. EST

Date:  Aug. 9, 2017

Participant toll-free dial-in number:  833-659-7621

Participant international dial-in number:  409-767-9130

Conference code:  67840800

2017 exploration program update

The 2017 exploration program has provided valuable interpretations of the district-scale potential and the 3 Aces orogenic gold model. Through mapping, sampling and the interpretation of over 100 drill holes within the 11-square-kilometre Central core area, as well as new exposures created through trenching and road building, the company has refined the geological model's key limits, including the persistent structural and stratigraphic controls for the length of the project (35 kilometres).

To date, the 2017 drill program has focused exclusively on delineating and expanding the Spades zone. Going forward, drilling will expand to three reverse circulation (RC) drills in August, 2017, and will be focused on the downdip and strike extension targets at the Ace of Hearts, as well as expanding to both the Clubs zone and Diamonds zone. The diamond core rig is expected to resume operation in September, 2017.

A 10,000-sample soil geochemical program is approximately 40 per cent complete. The intention of this work is to fill in gaps from previous sampling programs along trend, and is anticipated to facilitate selection of additional drill targets. The program has been designed to provide an initial grid testing of the favourable stratigraphic exposure along the 35-kilometre trend at 3 Aces.

The company built approximately 11 km of exploration roads in 2016, with an additional seven km added to date in 2017. An additional three km of roadwork is planned for the rest of the year.

                            SIGNIFICANT DRILL RESULTS -- SPADES ZONE

Hole ID (1)         Sample       From (m)         To (m)          Drilled width        Au g/t (4)
                   type (2)                                              (m) (3)

3A17-121                RC         16.76          18.29                    1.53            14.90
including               RC         17.53          18.29                    0.76            26.10
and                     RC         32.77          34.29                    1.52             4.31
and                     RC         36.58          39.62                    3.04             5.24
3A17-122                RC         25.15          25.91                    0.76             5.08
and                     RC         43.43          44.96                    1.53             7.34
3A17-123                RC         40.39          41.15                    0.76             4.89
3A17-124                RC          6.10          10.67                    4.57            58.75
including               RC          6.86           8.38                    1.52           121.75
and                     RC         31.24          32.00                    0.76             3.11
3A17-129                DD         24.10          26.75                    2.65             8.99
and                     DD        120.30         121.35                    1.05             6.57
3A17-130                DD         49.40          52.20                    2.80             4.54
3A17-132                DD         20.00          33.30                   13.30             6.69*
including               DD         20.85          23.30                    2.45             8.22*
including               DD         27.05          29.00                    1.95            25.64*
3A17-134                DD          4.40           9.00                    4.60            18.77*
including               DD          7.50           9.00                    1.50            36.60*
3A17-135                DD          5.50           9.20                    3.70             6.24*
and                     DD         20.50          22.00                    1.50            31.80*
3A17-137                DD          7.50           9.00                    1.50            68.30*
and                     DD         11.00          16.50                    5.50             7.24*
3A17-138                DD          2.00           3.50                    1.50             8.31*
and                     DD          7.50          15.50                    8.00            50.40*
including               DD          8.50           9.50                    1.00           156.00*
3A17-140                DD         38.00          38.65                    0.65             8.29*
3A17-141                RC          5.33           7.62                    2.29            11.11*
3A17-142                RC          6.10           6.86                    0.76             8.89*
3A17-131             DD-GV         25.75          39.50                   13.75            65.31
including            DD-GV         25.75          31.30                    5.55            92.98
including            DD-GV         32.00          34.50                    2.50           121.64
including            DD-GV         36.00          38.40                    2.40            24.79
and                  DD-GV         42.25          46.80                    4.55            46.90
including            DD-GV         45.85          46.80                    0.95           209.00
3A17-133             DD-GV         12.50          18.50                    6.00            15.98*
including            DD-GV         14.00          15.50                    1.50            49.93*
and                  DD-GV         23.80          40.00                   16.20            20.50*
including            DD-GV         23.80          28.90                    5.10            57.77*
including            DD-GV         34.10          34.60                    0.50            15.50*
and                  DD-GV         57.50          65.00                    7.50            13.92*
including            DD-GV         60.10          61.25                    1.15            73.20*
 
(1) Drilled intervals assaying more than 3.0 grams per tonne gold are reported in the table 
as significant results. No significant results were returned in reverse circulation holes 
3A17-136 or 3A17-139. 3A17-121's significant results from 36.58 metres to 39.62 m include 
0.76 metre of 1.72 grams per tonne gold at 38.10 m. 3A17-130's significant results from 
49.40 m to 52.20 m include 1.50 m of 2.94 g/t Au at 49.40 m. 3A17-131's significant results 
from 25.75 m to 39.50 m include 0.70 m of 0.51* g/t Au at 31.30 m. Significant results from 
42.25 m to 46.80 m include 2.35 m of 0.75* g/t Au at 43.50 m. 3A17-132's significant results
from 20.00 m to 33.30 m include 3.75 m of 0.97* g/t Au at 23.30 m and 2.9 m of 0.83* g/t Au
at 29.00 m. 3A17-133's significant results from 23.80 m to 40.00 m include three intervals 
totalling 6.35 m averaging 1.80* g/t Au between 28.90 m and 37.55 m, and significant results 
from 57.50 m to 65.00 m include three intervals totalling 3.50 m averaging 1.52* g/t Au 
between 59.00 m and 65.00 m.
(2) Sample type RC is 5.5-inch (139.7-millimetre) reverse circulation cuttings (whole 
samples for holes 3A17-121 to 3A17-124, and 50-per-cent rotary field-split samples for holes 
3A17-141 and 3A17-142), and sample types DD and DD-GV represent one-half sawn or one-fourth 
sawn for duplicate, 3.35-inch (85-millimetre) PQ core.
(3) All intervals are reported as drilled thicknesses. True thicknesses are estimated to be 
50 to 100 per cent of drilled thicknesses.
(4) Reported gold assay grade sourced from ALS using Au-SCR24B method (* indicates finalized 
Au-AA26 results are used).

Sampling methodology, quality control and assurance

All analyses for the drill samples from the program were performed by ALS with sample preparation in Whitehorse, Yukon, Terrace, B.C., Kamloops, B.C., or North Vancouver, B.C., and assaying in North Vancouver, B.C. Drill samples were analyzed using a 50-gram fire assay with atomic absorption (AA) finish. If the procedure returned a value of 2.0 g/t gold or greater, it is rerun using a two-kilogram screen metallic gold method (Au-SCR24). Refer to the company's news release dated July 10, 2017, for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Mark C. Shutty, CPG, a qualified person as defined by National Instrument 43-101, an employee of the company.

About Golden Predator Mining Corp.

Golden Predator Mining Corp. is a well-financed gold exploration company focused on its 3 Aces project in Canada's Yukon. The company also holds the Brewery Creek project in the Yukon. The company's projects are in a favourable, low-risk jurisdiction, and with proven management and an experienced technical team, the company is well positioned for stable growth.

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