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File: GPYNR16-26 First Gold Pour from Bulk Sample FINAL.docx

  






NEWS RELEASE
TSX.V: GPY
NR 16-26
August 18th, 2016
www.goldenpredator.com 

Golden Predator Pours First Gold from Bulk Sample

Vancouver, BC, August 18th, 2016: Golden Predator Mining Corp. (TSX.V: GPY) (the "Company") is pleased to announce the
---> results of the initial test processing of its Winter 2016 bulk sample program from the Ace of Spades Vein (formerly n
--->amed Sleeping Giant Vein) at its 3 Aces Project.  A total of 79.70 dry tonnes (87.83 dry tons) from a stockpile estima
--->ted at 750 tons of material was processed intermittently through July 12th, 2016.  A total of 4,587 grams of concentra
--->te were recovered from the shaker tables, which was poured into a dore bar which contained 81.408 troy ounces of fine 
--->gold and 7.771 troy ounces of silver.  The Company sold the precious metals and received payment for 99% of the gold a
--->nd 96% of the silver for a net of CDN$139,062.45.  The dore bar weighed 96.72 troy ounces and contained 85.02% gold an
--->d 8.37% silver. Non-payable metals represented the balance of the weight.  

To view the dore bar please use the following links:
http://www.goldenpredator.com/_resources/images/Director-Brad-Thiele-at-gold-pour.jpg
http://www.goldenpredator.com/_resources/images/dore-bar.jpg 
In addition to the precious metal concentrate reported on above a significant amount of gold remains in the middling o
--->r sulphide concentrate which has returned an assay of 986.0 g/t Au.  A significant amount of the gold in this middling
---> concentrate will be recovered through additional 3rd party processing at a later date.  Daily head and tail assays co
--->llected from the plant after May 5th, 2016 continue to indicate above 80% average overall recovery.  

PROCESSING PLANT UPGRADE
As discussed in the Company's interim processing report (GPY News Release dated June 6th, 2016), the processing plant 
--->experienced good operational productivity from both the jaw crusher and the shaker tables with the hammer mill restric
--->ting throughput.  After further investigation, the Company elected to significantly upgrade its processing equipment i
--->n an effort to optimize sample throughput and gold recovery.  The Company has received a 4' by 8' rod mill and expects
---> to receive twin 16-foot sluice boxes, a magnetic separator and clean-up table as well as a screen and pump.

The rod mill will provide a more consistent grind with much greater output than the hammer mill without overgrinding t
--->he material.  The twin sluices will be installed down circuit from the rod mill. The rod mill combined with the screen
---> and a slurry pump in closed circuit will produce a consistent particle size classification, thereby allowing better g
--->old recovery from the sluices and tables. The use of the twin sluices will provide continuous operation and a high con
--->centration ratio which will require less clean up with a higher gold content. The magnetic separator and clean-up tabl
--->e will allow the production of a higher gold content concentrate. 

Plant renovations have begun and are expected to be completed within the next few weeks.  Once the new circuit is oper
--->ational the remaining bulk sample will be processed.  The new plant design and equipment is designed to provide better
---> recovery, cleaner concentrates and an increased throughput capacity of approximately 25 tons per day.  The Company's 
--->continuing bulk sample program is intended to provide important metallurgical information while deferring potential sh
--->areholder dilution.

The technical content of this news release has been reviewed and approved by Mike Burke, P. Geo, a Qualified Person as
---> defined by National Instrument 43-101 and Chief Geologist for the Company.

3 Aces Project, Yukon 
The 3 Aces property is a 225 km Superscript 2 property consisting of 1,118 contiguous quartz claims (23,000 hectares) 
--->located in southeast Yukon and includes the two highest grade surface outcrops discovered to date in the Yukon. The ve
--->ins discovered to date are characterized by coarse nuggetty gold with a low sulphide content consistent with an orogen
--->ic vein model. The property is located along the all-season Nahanni Range Road which accesses the Cantung Mine located
---> 40 kilometers to the north. 

The 3 Aces property contains a number of quartz veins and vein zones that cut Cambrian aged limestone, shale, quartz g
--->rits and chert pebble conglomerates of the Hyland Group. Previous sampling and exploration by Golden Predator has outl
--->ined extensive gold-in-soil anomalies over ten square kilometers, including the five high grade gold in quartz veins t
--->hat contain coarse visible gold. Exploration work in 2015 and 2016 to date, including metallurgical studies, Rotary Ai
--->r Blast drilling, Reverse circulation drilling and bulk sampling, has focused on establishing the grade and continuity
---> of the Ace of Spades vein where previous diamond drilling had intersected the vein but returned lower than expected g
--->rades. The work in 2015 and 2016 has confirmed the high grades of the vein by establishing a sampling protocol which i
--->s resulting in a better estimation of gold grades within the veins. This work, the sampling protocol and the Phase II 
--->program are designed to significantly advance the understanding and discoveries on the project in 2016 and 2017.

The 3 Aces property is located in the traditional territory of the Kaska Nation. In January 2013, Golden Predator sign
--->ed an Exploration Agreement with the Kaska Nation, as represented by the Ross River Dena Council and the Liard First N
--->ation, with respect to activities within their traditional territories.

The technical content of this news release has been reviewed and approved by Mike Burke, P. Geo, a Qualified Person as
---> defined by National Instrument 43-101 and Chief Geologist for the Company.

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  (604)260-5029  Ext.101  info@goldenpredator.co
--->m  www.goldenpredator.com 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Ven
--->ture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities comm
--->ission or other regulatory authority has approved or disapproved the information contained herein. This press release 
--->contains forward-looking information that involve various risks and uncertainties regarding future events. Such forwar
--->d-looking information can include without limitation statements based on current expectations that the private placeme
--->nt will complete as described herein, that the Project will advance through permitting and feasibility.  Actual result
--->s and future events could differ materially from those anticipated in such information. These and all subsequent writt
--->en and oral forward-looking information are based on estimates and opinions of management on the dates they are made a
--->nd are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligat
--->ion to update forward-looking information should circumstances or management's estimates or opinions change.