Golden Predator Announces Joint Venture and Option Agreement on the Marg Project, Yukon

Hayden, Idaho (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) is pleased to announce it has concluded a joint venture and option agreement (the “Agreement”) with Minquest Limited of Brisbane, Australia for the Marg polymetallic volcanic associated massive sulphide (VMS) deposit which is accessible via a 40 km winter road from Keno, Yukon.  The Marg Deposit contains an Indicated Resource of 1.72 million tonnes of 1.97 % copper, 4.59 % zinc, 2.4 % lead, 59.72 g/t silver and 0.95 g/t gold, and an Inferred Resource of 4.8 million tonnes of 1.81 % copper, 4.64 % zinc, 2.28 % lead, 54.47 g/t silver and 0.77 g/t gold, both at a cut off of 1.0% Cu.⁽¹⁾

Transaction Terms

In consideration of the Agreement, Minquest has the ability to earn:

The Marg Deposit consists of 402 quartz claims covering approximately 83 km² (8,290 ha) and is located in the Mayo Mining district about 40 km east of Keno City and is accessible by a 45 km winter road. Access for exploration purposes is by helicopter from Keno City or Mayo and by small aircraft from Mayo to a 380 m airstrip located on the property.  The Marg Deposit is a poly-metallic volcanic-hosted massive sulphide deposit. The deposit is open to expansion down plunge to the east, down dip to the south, and along strike to the west and hosts untested exploration targets with significant geochemical signatures in favorable stratigraphy.

The Marg Deposit is located within encumbered Class A settlement land owned by the Na-Cho Nyak Dun First Nation offering potentially significant economic opportunities and resource revenue locally. Further work on the property will be done in close consultation with the Na-Cho Nyak Dun First Nation and the local communities.