Ms. Janet Lee-Sheriff reports

GOLDEN PREDATOR ANNOUNCES $7,300,000 INVESTMENT BY ERIC SPROTT AS PART OF LARGER OFFERING

Golden Predator Mining Corp. has arranged a private placement in the company by Eric Sprott for gross proceeds of $7.3-million through the issuance of 10 million non-flow-through units at a price of 73 cents per unit. The company also announces an additional financing of up to 6.5 million flow-through units of the company at a minimum price of $1 per flow-through unit, for gross proceeds of up to $6.5-million. Each unit consists of one common share of the company and one-half share purchase warrant.

Each full warrant will entitle the holder to purchase one additional common share of the company at a price of $1 per share for a period of two years from the closing date. The expiry date of the warrants can be accelerated if the company's volume-weighted average price is $2.50 for 20 consecutive trading days, in which event the company may give notice that the warrants expire 30 days following the notice of acceleration.

The proposed brokered private placement financing is co-led by Clarus Securities Inc. and PowerOne Capital Markets Ltd. and includes a syndicate of GMP Securities LP and Canaccord Genuity Group Inc.

Proceeds from the financing will be applied to the company's 3 Aces and Brewery Creek projects and general working capital.

Closing of the private placement is subject to TSX Venture Exchange approval and other standard closing conditions.