Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES SALE OF SHARES OF GOLDEN PREDATOR MINING

Between Dec. 16, 2016, and Feb. 2, 2017, Eric Sprott sold, through market transactions on the TSX Venture Exchange, 2,000,080 common shares of Golden Predator Mining Corp., representing approximately 2.6 per cent of the outstanding shares. Mr. Sprott sold the shares at an average price of $1.65 per share for total proceeds of $3.3-million.

Prior to this sale, Mr. Sprott beneficially owned and controlled 10.08 million shares and five million common share purchase warrants, representing approximately 13 per cent of the outstanding shares on a non-diluted basis and 18.4 per cent on a partially diluted basis, assuming exercise of the warrants. Mr. Sprott now beneficially owns and controls eight million shares and five million warrants, representing approximately 10.4 per cent of the outstanding shares on a non-diluted basis and 15.9 per cent on a partially diluted basis.

The shares were sold for investment purposes. Mr. Sprott has a long-term view of the investment, and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Golden Predator is located at 510-580 Hornby St., Vancouver, B.C., V6C 3B6. A copy of the early warning report with respect to the foregoing will appear with Golden Predator's profile on SEDAR and may also be obtained by calling 416-362-7172.