Vancouver, British Columbia March 17, 2011: Golden Predator Corp. (TSX: GPD) (the Company) is pleased to announce that it has closed the previously announced sale and option transactions covering its Nevada silver property portfolio to Silver Predator Corp. (CNSX:SPD). On closing, Golden Predator was issued 5,000,000 common shares of Silver Predator. Golden Predator may receive an additional 11,000,000 common shares of Silver Predator (subject to upwards adjustment) as Silver Predator earns into the Taylor Property.
We are extremely pleased to have monetized our silver assets. said William M. Sheriff, Chairman. We have long viewed these assets as being under-appreciated by the market. The addition of $4,350,000 to the balance sheet is very good news for Golden Predator, providing us with continued exposure to silver through a quality equity investment while greatly enhancing the financial flexibility of Golden Predator.
Silver Predator has received conditional approval to list its common shares on the TSX under the symbol SPD. Golden Predator retains various royalty interests in the projects vended to Silver Predator. Additional details on the transaction can be viewed in the Companys news release dated December 13, 2010.
About Golden Predator Corp.
Golden Predator Corp.s mandate is to be the leading gold property explorer and developer in Yukon, Canada. Golden Predator has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings comprising over 2,000 km2. The 2011 winter drilling program has commenced at the Brewery Creek and Grew Creek projects. In 2011 Golden Predator will continue aggressive drill programs and work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project.
For additional information:
Golden Predator Corp.
(604) 648-GOLD (4653)
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.