Golden Predator Pours First Gold 

VANCOUVER, BC – Golden Predator Mining Corp. reported results of the initial test processing of its Winter 2016 bulk sample program from the Ace of Spades Vein (formerly named Sleeping Giant Vein) at its 3 Aces Project. A total of 87.83 dry tons from a stockpile estimated at 750 tons of material was processed intermittently through July 12th, 2016. A total of 4,587 grams of concentrate were recovered from the shaker tables, which was poured into a doré 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 and 96% of the silver for a net of CDN $139,062.45. The doré bar weighed 96.72 troy ounces and contained 85.02% gold and 8.37% silver. Non-payable metals represented the balance of the weight. 

In addition to the precious metal concentrate reported on above a significant amount of gold remains in the middling or 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 collected from the plant after May 5th, 2016 continue to indicate above 80% average overall recovery. 

The processing plant experienced good operational productivity from both the jaw crusher and the shaker tables with the hammer mill restricting throughput. After further investigation, the Company elected to significantly upgrade its processing equipment in 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 over grinding the 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 gold recovery from the sluices and tables. The use of the twin sluices will provide continuous operation and a high concentration ratio which will require less clean up with a higher gold content. The magnetic separator and clean-up table 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 operational 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 shareholder 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.