Ms. Christina McCarthy of McEwen Mining reports

MCEWEN MINING INC. ANNOUNCES CHANGE OF SECURITY POSITION IN GOLDEN PREDATOR MINING CORP.

On June 16, 2016, McEwen Mining Inc. became an insider of Golden Predator Mining Corp. as a result of the cancellation by Golden Predator of 10,312,154 of its common shares as announced in a news release of Golden Predator issued earlier today.

Prior to today's announcement by Golden Predator, on May 24, 2016, McEwen Mining had acquired, for investment purposes, 3,125,000 units of Golden Predator in a private placement. McEwen Mining purchased the units of Golden Predator for 16 cents for an aggregate subscription price of $500,000. Each unit comprised one common share and one warrant of Golden Predator, entitling the holder to purchase one common share at an exercise price of 21 cents per common share on or before May 24, 2018.

The percentage of issued common shares of Golden Predator over which McEwen Mining will hold control, following the announcement of the share cancellation by Golden Predator, is 5.84 per cent and 11.04 per cent, respectively, in the latter case, assuming the exercise of the warrants held by McEwen Mining.

McEwen Mining has no intention at this time to acquire ownership or control over additional securities of Golden Predator.