Ms. Janet Lee-Sheriff reports

GOLDEN PREDATOR DRILLING EXTENDS MAJOR GOLD-BEARING STRUCTURE AT 3 ACES PROJECT, YUKON; CONTINUITY CONFIRMED 500M DOWN DIP AND 220M ALONG STRIKE

Golden Predator Mining Corp. has provided results of the 2018 drill program in the central core area at the 3 Aces project in southeast Yukon, Canada, which was completed to test for extensions of the high-grade structures outcropping in the Hearts zone. Seven HQ diamond drill holes consistently intercepted two parallel, closely spaced gold-bearing structures along 220 metres of strike and 500 m down dip from the Hearts discovery outcrop. This was the deepest drilling to date on the project and the structures in the Hearts zone continue to be open in all directions along strike and at depth.

Golden Predator executive chairman William Sheriff commented: "Confirming the continuity and mineralization of the structures down dip and on strike, right where we projected them to be, is a game-changer in terms of demonstrating the size potential of the 3 Aces project. It is now clear that the high-grade surface outcrops previously discovered in the Central Core area are not isolated occurrences but rather expressions of a much larger system, which significantly expands the potential at 3 Aces."

All seven drill holes cut the structures where they were expected and reported excellent widths of gold mineralization with localized high grades. This drilling confirms that 3 Aces project structures have persistent lateral and vertical continuity and that these structures likely account for other high-grade surface outcrops exposed along the 4.5-kilometre-long Hearts-Clubs corridor and elsewhere within the 13.5-square-kilometre Central Core area.

Hearts drill program

The exploration drilling program was conceived as a first-pass lateral and down-dip test of the gold-bearing structures that crop out at the Hearts discovery. Drill collars were offset along strike for 220 m of the Hearts zone toward the Spades zone to the east. The projection of these moderately dipping structures was tested at various depths to 500 m down dip from the Hearts discovery. Intersections of gold-bearing structures were encountered at the predicted locations in each of these drill holes, confirming both lateral and vertical continuity. These higher grade parallel structures lie within thick envelopes of anomalous gold mineralization.

This 2,600 m drill program was designed to find extensions of the structures in the Hearts zone and determine if they were mineralized. Relatively small diameter HQ drill tools (58.5 mm in diameter) were used to maximize the number of intersections. At surface, the Hearts discovery outcrop assays above 30 grams per tonne and samples contain abundant coarse gold. Gold values were obtained from the widely spaced split HQ core in the 2018 program, however, they only provide an initial assessment of the gold present within the mineralized structure due to the small sample volumes. The larger the sample, the more precise the grade estimate, as the company has demonstrated in past drilling and in the company's continuing bulk sampling in the Spades zone. Assay results from larger diameter PQ core, reverse circulation drilling and bulk sampling generate considerably larger sample volumes and produce more reliable grade estimates than split HQ drill core that has a much smaller sample volume. Golden Predator will continue to use HQ core to explore for and confirm continuity of mineralized structures at depth and along strike but will rely on larger diameter PQ core and reverse circulation (RC) infill drilling for grade determination within the structures.

Composite results from the down-dip drill test of the Hearts zone are in the attached table.

Hole ID (1)   From (m)   To (m)   Thickness (2)   Gold (g/t) (3)
                        
3A18-347       213.02   227.65           14.63             0.71
incl.          213.02   218.21            5.19             1.60                     
and            230.00   244.23           14.23             0.50
incl.          234.34   236.50            2.16             2.33
3A18-349       287.67   305.50           17.83             0.94
incl.          294.50   295.43            0.93             7.56                   
and            314.24   328.68           14.44             0.84
incl.          316.85   324.00            7.15             1.35                    
3A18-350       219.50   241.75           22.25             0.57
incl.          225.90   226.44            0.54             8.30                   
and            249.61   255.85            6.24             1.21
incl.          252.13   254.05            1.92             3.56
3A18-351       175.00   203.50           28.50             0.93
incl.          175.00   177.50            2.50             3.09
incl.          175.00   175.55            0.55             6.35
and incl.      196.40   202.50            6.10             2.31
and            220.30   248.50           28.20             0.74
Incl.          228.58   239.72           11.34             1.15
3A18-352       115.35   145.50           30.15             0.83
incl.          122.50   126.00            3.50             4.31
incl.          125.00   126.00            1.00            11.55
and            203.00   216.40           13.40             2.88
incl.          210.65   216.40            5.75             6.56
incl.          211.65   212.50            0.85            31.52
and incl.      214.50   215.00            0.50            14.77
3A18-353       272.65   296.32           23.67             1.06
incl.          275.20   284.00            8.80             2.37
incl.          279.65   280.78            1.13            13.05
and            302.72   310.00            7.28             0.63
incl.          305.73   308.13            2.40             1.29
3A18-354       235.00   272.50           37.50             0.64
incl.          259.00   267.10            8.10             1.88
incl.          261.00   263.00            2.00             6.26
                                        
(1) Significant intervals are length-weighted average grades 
    chosen based on continuity of mineralization and gold grade 
    with composite grade exceeding 0.5 g/t gold.

(2) All holes were HQ core holes cut in half for sample 
    submission.
  
(2) All intervals are reported as drilled thicknesses; true 
    thicknesses are estimated to be 90 to 100 per cent of drilled 
    thicknesses.
  
(3) Reported Au assay grade sourced from SGS using SGS_GO_FAA 505 
    method.

A key observation from this drill program is that the high-grade intercepts are surrounded by broad envelopes of lower grade gold. This observation was not available to GPY during earlier drill programs exploring other high-grade structures that crop out in the 13.5-square-kilometre Central Core area. These low-grade envelopes reliably signal that high-grade gold values will likely be encountered with additional closer-spaced drilling along mineralized structures within the low-grade envelope. In the case of the Hearts zone, GPY believes that the presence of the broad envelopes of mineralization surrounding the gold-bearing structures suggest grade enhancement is likely with closer-spaced drilling. Utilizing this observation, GPY can now re-evaluate results from previous programs, like the Clubs zone, to ensure that the drilling fully tested the target potential.

3 Aces project, Yukon

The 3 Aces project is an orogenic gold target covering 357 square km (35,700 hectares) in southeast Yukon. The company has to date focused exploration on the 13.5 square km Central Core area, a broad gold-in-soil anomaly, where numerous orogenic gold-bearing quartz veins have been discovered. Exploration over the past two years has systematically advanced the project by establishing: (1) high gold grades can be reliably sampled; (2) gold mineralization is in predictable stratigraphic structural locations; and (3) gold grades have robust continuity within the recognized controlling features. Results support a stratigraphic structural model that predicts extensive lateral and vertical continuity of the 3 Aces mineral system. Orogenic gold deposits are among the world's largest and richest such as the California Mother Lode belt and the Juneau gold belt.

Sampling methodology, quality control and assurance

All analyses for the drill samples were performed by SGS Canada Inc. with sample preparation in Whitehorse, Yukon Territory, and Burnaby, B.C., and assaying in Burnaby, B.C. Drill samples were analyzed for gold using a 50-gram fire assay with atomic absorption finish (GO FAA505) or gravimetric finish (GO FAG505) on overlimit results (over 100 g/t gold). Quality control standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a qualified person as defined by National Instrument 43-101 and project geologist for the 3 Aces project.

About Golden Predator Mining Corp.

Golden Predator Mining is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The company is actively advancing the Brewery Creek project, Yukon, a past producer with a 2014 preliminary economic assessment prepared in accordance with NI 43-101. At 3 Aces project, the high-grade orogenic gold project with visible gold at surface shows structural continuity at depth. Bulk sampling and processing at the 50-tonne-per-day company-owned processing plant have demonstrated gold recoveries of over 85 per cent using a chemical-free process.

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