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File: GPY NR16-20 Sprott and FT Placement FINAL.docx








NEWS RELEASE
TSX.V: GPY
NR 16-20
June 27th, 2016
www.goldenpredator.com 

Not for distribution into the United States or to U.S. newswire services

Golden Predator Announces $7,300,000 Investment By Eric Sprott 
As Part Of Larger Offering

Vancouver, BC, June 27th, 2016: Golden Predator Mining Corp. (TSX.V: GPY) (the "Company") is pleased to announce a pri
--->vate placement in the Company by Eric Sprott for gross proceeds of C$7,300,000 through the issuance of 10,000,000 Non-
--->Flow Through Units ("Non-Flow Through Unit") at a price of $0.73 per unit. The Company also announces an additional fi
--->nancing of up to 6,500,000 Flow-Through Units (the "Flow Through Units" and collectively with the Non-Flow Through Uni
--->ts referred to herein as the "Units") of the Company at a minimum price of C$1.00 per Flow Through Unit, for gross pro
--->ceeds of up to $6,500,000. Each Unit consists of one common share of the Company and one half share purchase warrant (
--->"Warrant").     

Each full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.00 p
--->er share for a period of two years from the closing date.  The expiry date of the warrants can be accelerated if the C
--->ompany's VWAP is $2.50 for 20 consecutive trading days, in which event the Company may give notice that the warrants e
--->xpire 30 days following the Notice of Acceleration.   

The proposed brokered private placement financing is co-led by Clarus Securities Inc. and PowerOne Capital Markets Lim
--->ited and includes a syndicate of GMP Securities L.P. 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 cap
--->ital.

Closing of the private placement is subject to TSXV approval and other standard closing conditions.

Golden Predator Mining Corp.
Golden Predator Mining Corp., a Canadian gold mineral exploration company, is focused on advancing its high grade 3 Ac
--->es Project and the Brewery Creek project, a past producing heap leach gold operation in Canada's Yukon.

For additional information: Janet Lee-Sheriff  Chief Executive Officer  (214) 304-9552  info@goldenpredator.com  www.g
--->oldenpredator.com 

The securities referenced in this news release have not and will not be registered under the U.S. Securities Act of 19
--->33 and may not be offered or sold in the United States absent registration or an applicable exemption from registratio
--->n requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.