Golden Predator and Seabridge Gold Agree to Contribute Select US Gold Assets to Wolfpack Gold Corp.

VANCOUVER, June 22, 2011 /CNW/ -- 

              TSX: GPD                                                                                                                                                                                           TSX: SEA
              NR 11-23                                                                                                                                                                                      NYSE Amex: SA
              www.goldenpredator.comwww.seabridgegold.net

VANCOUVER, June 22, 2011 /CNW/ - Golden Predator Corp. ('Golden Predator') (TSX:GPD), and Seabridge Gold Inc. ('Seabridge') (TSX:SEA; NYSEAmex:SA) are pleased to announce that they have
executed a letter of intent ('Letter of Intent') pursuant to which Golden Predator and Seabridge will contribute an
industry-leading portfolio of US gold assets into Wolfpack Gold Corp.
('Wolfpack').

Golden Predator and Seabridge both seek to focus on their advanced
Canadian assets and as such are contributing select US gold properties
to Wolfpack to create value from undervalued assets and create a
premier gold exploration and development company with its principal
projects  in Nevada, USA.

It is anticipated that the Board of Directors of Wolfpack, at the
closing of the transactions, will consist of Rudi Fronk, William E.
Threlkeld, William M. Sheriff, John W. Legg, David Schmidt and two
additional directors, each of whom is independent of Wolfpack,
Seabridge and Golden Predator.

Wolfpack Property Portfolio

Golden Predator and Seabridge propose to contribute a total of 5
advanced stage and development properties, comprising over 7,635
hectares of land, to Wolfpack with Golden Predator's Adelaide Project
and Seabridge's Castle Black Rock Property being the most advanced.

Transactions with Golden Predator

Golden Predator will grant to Wolfpack an option to purchase its
interest in the Adelaide and Tuscarora Properties located in Humboldt
and Elko Counties, Nevada.  To exercise this option, Wolfpack will
issue to Golden Predator an aggregate minimum of 12,500,000 common
shares of Wolfpack ('Wolfpack Shares') over a three year period, with Wolfpack issuing 1,500,000 Wolfpack
Shares on closing.  The actual number of Wolfpack Shares to be issued
to Golden Predator following closing is subject to upward adjustment,
based on future value protection formulae, and hence, these share
amounts should be viewed as the minimum number of Wolfpack Shares to be
issued to maintain and fulfill the option.

In addition, Golden Predator will sell to Wolfpack its interests in 13 additional properties (collectively the 'Golden Predator Secondary Properties') including Golden Ridge, Angel's Camp, and Mineral Hill, for 4,500,000
Wolfpack Shares.

Transactions with Seabridge

Seabridge will grant to Wolfpack:

      (a)     an option to purchase its interest in the Castle Black
              Rock Property, located in Nevada.  To exercise this
              option, Wolfpack must issue to Seabridge an aggregate
              minimum of 7,000,000 Wolfpack Shares over a three year
              period, with Wolfpack issuing 840,000 Wolfpack Shares on
              closing;

      (b)     an option to purchase its 90% interest in the Four Mile
              Basin Property located in Nevada.  To exercise this
              option, Wolfpack must issue to Seabridge an aggregate
              minimum of 2,700,000 Wolfpack Shares over a three year
              period, with Wolfpack issuing 324,000 Wolfpack Shares
              upon closing; and

      (c)     an option to purchase its 90% interest in the Liberty
              Springs Property located in Nevada.  To exercise this
              option, Wolfpack must issue to Seabridge an aggregate
              minimum of 2,250,000 Wolfpack Shares over a three year
              period, with Wolfpack issuing 270,000 Wolfpack Shares
              upon closing.

William M. Sheriff, the President and CEO of Golden Predator, personally
holds a 10% interest in the Four Mile Basin and Liberty Springs
Properties.  Mr. Sheriff will grant to Wolfpack:

      (a)     an option to purchase his interest in the Four Mile Basin
              Property.  To exercise this option, Wolfpack must issue
              to Mr. Sheriff an aggregate minimum of 300,000 Wolfpack
              Shares over a three year period, with Wolfpack issuing
              36,000 Wolfpack Shares upon closing; and

      (b)     an option to purchase its 10% interest in the Liberty
              Springs Property.  To exercise this option, Wolfpack must
              issue to Mr. Sheriff an aggregate minimum of 250,000
              Wolfpack Shares over a three year period, with Wolfpack
              issuing 30,000 of such Wolfpack Shares upon closing.

The actual number of Wolfpack Shares to be issued to Seabridge/Sheriff
following closing is subject to upward adjustment, based on future
value protection formulae, and hence, these share amounts should be
viewed as the minimum number of Wolfpack Shares to be issued to
maintain and fulfill the options.

In addition, Seabridge will sell to Wolfpack its interests in 25 additional properties (collectively, the 'Seabridge Secondary Properties') including the Golden Arrow South Project for 4,072,500 Wolfpack
Shares.  Mr. Sheriff has minority interests in certain of the Seabridge
Secondary Properties, which he will sell to Wolfpack for 427,500
Wolfpack Shares.

Royalties

The Castle Black Rock, Adelaide, Four Mile Basin, Liberty Springs,
Golden Predator Secondary and Seabridge Secondary Properties
(collectively the 'Properties') will be subject to a 2% net smelter royalty on all precious metals
and a 1% net smelter royalty on all non-precious metals derived from
such properties in favour of the vendors.  Should any of the Properties
be subject to pre-existing royalties, the respective vendor will
receive a 1% net profits royalty.   With respect to the Properties in
which Mr. Sheriff holds an interest, the applicable royalty will be
divided between Seabridge and Mr. Sheriff in proportion to their
interests.

Properties

The properties being optioned by Wolfpack, as well as the more
significant Golden Predator and Seabridge Secondary Properties, are:

Adelaide Project - Humboldt County, Nevada

The Adelaide Project is located in southeastern Humboldt County, Nevada;
about 18 miles (29 km) southeast of Winnemucca.  Golden Predator
controls over 4,338 acres (1,755 ha) covering 3.6 miles (5.8 km) of
strike along the mineralized Adelaide structure. The Project consists
of 210 unpatented claims, of which 190 are leased.

The Adelaide Project is optioned in conjunction with the Tuscarora
property under an agreement with Atna Resources Corp. (formerly Canyon
Resources Corporation).  Golden Predator assumed the position of Atna
in an underlying agreement with Newmont Mining Corporation to earn-in
to 100% ownership of the property subject to a 3% NSR to Newmont, in
addition to various other NSR's associated with underlying lease
agreements.  Newmont retains a one-time option on either project to
enter into a joint venture whereby Newmont would hold a 51% and the
Company a 49% interest.

The largest past producer within the property, the Crown Mine, operated
intermittently from the early part of the century into the early
1940's.  It has produced approximately 19,000 oz gold and 345,000 oz
silver from a combination of open pit and underground workings. The
most recent mining on the property took place from 1988 to 1991; a
small open pit operation south of the Crown Mine produced a total of
4,917 oz gold and 53,474 oz silver from the Margarite and Recovery vein
zones.  In addition, the property has been the focus of exploration
over the last 30 years by a number of companies.  Approximately 220
percussion and RC holes, as well as 18 core holes have been drilled in
several areas on the property including the Adelaide-Crown and
Margarite-Recovery veins, as well as the Robbers Knob area.  Each of
these prospects in the district has had various historic resources and
reserves announced on them, none of which are compliant with NI 43-101
resource categories.

Golden Predator has completed 59 drill holes on the Adelaide Project
over the past two years, testing multiple targets and advancing the
Margarite vein structural zone target to a point requiring delineation
drilling to adequately define a potential resource.  In addition to the
successful work on the Margarite zone, Golden Predator's drilling
identified a zone of shallow high grade mineralization on an offset of
the Crown vein to the north of historic open pit operations, and
confirmed the existence of high grade mineralization over 122 m (400
ft) of strike on the Sage vein located 450 m (1,500 ft) to the
northwest of the Margarite vein.  Additional drilling has been
recommended for these zones.

Drilling on the Margarite vein has identified a strong continuity of
high grade intercepts along strike and increasing gold grades with
depth.  RC drill holes GPA-035, GPA-036 and GPA-037 demonstrated
continuity of +0.1 oz/t (+3.43 g/t) mineralization over 900 ft (274 m)
of strike, and over 150 ft (46 m) of vertical extent as well.  The best
intercept obtained in this drilling had 0.632 oz/t (21.67 g/t ) gold
across and true vein zone wiDth of 23.3 ft (7.09 m) .  The elevation
range of the drilled gold intercepts is interpreted to be the upper
levels of the boiling zone in the bonanza vein style system.  The
system is open to the north and down-dip.  The exploration drilling
also identified anomalous gold bearing veins sub parallel to the
Margarite zone that warrant testing at the favorable horizon.

To advance the delineation drilling and metallurgical sampling for the
Margarite vein structural zone, Golden Predator has initiated
permitting for an exploration drift to develop underground workings to
approximately 250 ft (76 m) below the surface of the Margarite pit
floor and establish underground drilling platforms.  These drill
platforms will allow for the further delineation of the known
mineralization and continue testing the same structure down-dip, and
will also test additional parallel vein targets.  The savings in
reduced footage of delineation and exploration drilling from
underground versus continued surface drilling will significantly offset
the cost of underground development work and also allow for
metallurgical sampling.

Castle Black Rock Project - Esmeralda County, Nevada

The Castle Black Rock Project is located in Esmeralda County, Nevada. 
The Project straddles U.S. Highway 95/6, approximately 20 miles (32 km)
west of Tonopah, Nevada and consists of 125 unpatented lode claims
covering 2,580 acres (1,045 ha).  The property is held under a 100%
lease with Platoro West Incorporated and is subject to a sliding scale
NSR that ranges from 3% to 5% depending on the price of gold.  Fischer
Watt Gold also holds a 1% NSR on 62 CP and NEW claims and a 0.7% on 57
NBSS and JP claims.  Seabridge retains the right to buy back half of
the Platoro West Incorporated royalty at any time for US$1.8 million.

Several companies have explored the property in the past and there has
been limited mining.  Production records are not available and total
gold production is not known.

An independent, NI 43-101 compliant resource estimate for the Castle
Black Rock Project dated July 31, 2009 was prepared for Cortez
Resources Corp. by Bikerman Engineering & Technology Associates, Inc.
('Bikerman').(1 ) In that report, an Inferred Mineral Resource of 14.68 MM tonnes at a
grade of 0.454 g/t gold was calculated using a 0.25 g/t cutoff on the
Castle zone.   This mirrors a non-NI 43-101 compliant resource estimate
prepared by Bikerman on the Castle Zone in 2000.(2)  The 2000 Report also disclosed additional resource estimates on the
Berg-Boss and Black Rock zones, which do meet the requirements of the
current NI 43-101 regime.  A cutoff grade of 0.25 g/t was used in the
2000 Report calculations.  These historic estimates are set forth in
the following table:

 _____________________________________________________________________
|                            | |Tonnes    |Grade (g/t)|Contained Grams|
|                            | |          |           |(Ounces)       |
|____________________________|_|__________|___________|_______________|
|Castle Zone Measured and    | |8,330,762 |0.574      |153,689        |
|Indicated                   | |          |           |               |
|____________________________|_|__________|___________|_______________|
|Berg-Boss Zone Measured and | |3,517,945 |0.471      |53,307         |
|Indicated                   | |          |           |               |
|____________________________|_|__________|___________|_______________|
|Black Rock Zone Measured and| |532,097   |0.467      |7,994          |
|Indicated                   | |          |           |               |
|____________________________|_|__________|___________|_______________|
|Total Measured and Indicated| |12,380,804|0.540      |214,990        |
|____________________________|_|__________|___________|_______________|
|                            | |          |           |               |
|____________________________|_|__________|___________|_______________|
|Castle Zone Inferred        | |6,677,990 |0.353      |75,748         |
|____________________________|_|__________|___________|_______________|
|Berg-Boss Zone Inferred     | |1,234,857 |0.432      |17,139         |
|____________________________|_|__________|___________|_______________|
|Black Rock Zone Inferred    | |37,509    |0.350      |422            |
|____________________________|_|__________|___________|_______________|
|Total Inferred              | |7,950,356 |0.365      |93,310         |
|____________________________|_|__________|___________|_______________|
|                            | |          |           |               |
|____________________________|_|__________|___________|_______________|

Readers are cautioned while Bikerman's 2000 resource estimate is
considered to be reliable and relevant it does not use categories as
defined in NI 43-101.  The historic resource estimate is based on prior
data and reports obtained and prepared by previous operators, and the
reader is cautioned that none of the calculations conform to NI 43-101
requirements for reporting reserves and resources. Wolfpack has not
done the work necessary to verify the classification of the mineral
resource estimates. Wolfpack is not treating the historical mineral
resource estimate as a NI 43-101 defined resource verified by a
qualified person.  The historical estimate should not be relied upon.
The Castle Black Rock Project will require considerable further
evaluation which Wolfpack's management and consultants intend to carry
out in due course. Presently, the historical estimates serve primarily
as an exploration tool.

The resource model for Bikerman's 2000 and 2009 estimates was
constructed with a computerized 3-D block model employing Medsystem
software, and using an inverse distance cubed interpolation procedure,
capping the higher grade values within each rock type, limiting the
search by rigid geologic boundaries and reported at a cut-off grade of
0.25 grams of gold per tonne.

The Castle Black Rock property lies within the Walker Lane structural
zone, a 50-mile wide northwesterly trending zone of right lateral
shears, normal faults and associated precious metal deposits.  Gold has
been found in three zones on the property: Castle, Black Rock and
Berg-Boss.  In each zone, gold is concentrated in structures hosted by
volcanic and sedimentary rocks.  Gold is also distributed away from the
structures in the volcanic rocks.

In the Castle zone, high-angle structures localize the highest-grade
gold concentrations.  In these zones, multiple episodic boiling of
hydrothermal fluids produced veins and breccia zones that concentrated
gold.  Adjacent to these structures, fluids invaded the rock and
created a lower-grade halo of gold concentrations.  The Castle target
is not closed off along strike or at depth.  The Castle zone could
ultimately connect with the Black Rock zone as well.

At the Berg-Boss zone, gold concentrations are centered on a northwest
trending fault and the contact zones between rhyolite and andesite. 
The Black Rock zone contains a high-angle northwest structure similar
to the Berg-Boss zone.  Gold concentrations are associated with this
northwest structure and are hosted by both sedimentary rocks and
volcanic rocks.  Gold-bearing fluids have spread laterally along the
contact between shale and rhyolite tuff.  Exploration potential is
considered excellent.  The Berg zone was never delineated along its
north side due to historic property boundary conflicts preventing
access.  These boundary conflicts have since been resolved allowing
exploration to progress north towards the mineralization remaining in
the Boss pit.  Additionally, good exploration potential exists in areas
where high-grade feeder structures may exist down dip on all of the
known zones and in lesser prospected areas on the northwest side of the
property.  Following up these high-grade feeder zones could increase
grade estimates for the zones.  A two-stage, $2,000,000 work program is
planned which will include 25,000 ft (7,622 m) of confirmatory, infill
and reserve definition drilling, metallurgical test work and an
environmental baseline study.

Four Mile Basin Project - Nye County, Nevada

The Four Mile Basin Project lies 29 miles (47 km) northeast of Tonopah,
Nevada.  The Project consists of 207 lode claims covering 4,276 acres
(1,730 ha) and is owned 90% by Seabridge and 10% by Sheriff.  Precious
metal mineralization occurs in epithermal quartz veins and stockwork
veining hosted by strongly silicified Paleozoic sediments and in a hot
springs sinter hosted by Tertiary volcanics.  Much of the property is
alluvial covered adding to the exploration potential.  There are
several areas on the property where small scale historic mining is in
evidence.  In addition, surface work and drilling by previous operators
identified target areas including PZ, KM Peak, South Tuff Target,
Opaline Hill and Lincs Sinter.  Property-wide rock sampling shows a
widespread high background for gold as well as very high individual
samples; the highest being 54 g/t gold and 404 g/t silver.  Although
many companies have worked on portions of the property, none have
systematically and thoroughly explored these targets.  Wolfpack
proposes to compile all available data, continue with surface
evaluation and design a drill program to test epithermal quartz veins
and disseminated gold mineralization.

Liberty Springs Project - Nye County, Nevada

The Liberty Springs Project lies 18 miles (28 km) north-northwest of
Tonopah, Nevada.  The Project consists of 80 lode claims covering 1,652
acres (669 ha) and is owned 90% by Seabridge and 10% by Sheriff.  At
Liberty Springs precious metal mineralization occurs in epithermal
quartz veins and stockwork veining hosted by bleached, argillized,
limonite stained, and moderate to strongly silicified Cambrian -
Ordovician sedimentary rocks.  Previous work by Pegasus Gold
Corporation identified anomalous gold mineralization in several drill
holes and low to ore grade mineralization in four holes.  The best
drill intercept contained 5 ft @ 0.078 oz/t (1.52 m @ 2.67 g/t) gold
within a 55 ft interval grading 0.018 oz/t (16.76 m grading .62 g/t)
gold.  Wolfpack plans to build upon Pegasus' solid foundation and focus
on identifying possible high-grade feeder structures related to the
more widely distributed low grade gold occurrences.

Golden Ridge Project - Modoc County, California

The Golden Ridge Project is a district-scale bonanza gold vein target
located in the High Grade district in the Warner Mountains
approximately 16 miles (26 km) southeast of Lakeview, Oregon.   The
Project consists of 164 lode claims covering 3,388 acres (1,371 ha). 
Golden Predator owns 150 lode claims and leases the remaining 14 claims
under agreements with two separate owners.  The leased properties are
subject to advance minimum royalty payments and NSRs that range from 2%
to 5%.

Recent exploration at the Project has included shallow drilling
concentrated upon defining low-grade disseminated gold mineralization
amenable to surface bulk mining.  The project has been tested by over
114 mostly shallow vertical drill holes, concentrated upon the two
areas where potential open pit disseminated gold mineralization were
defined.  These drilling programs culminated in a non-NI 43-101
compliant historic gold resource of 1.23 MM tons @ 0.036 oz/t gold
(1.12 MM tonnes at 1.23 g/t) with a .01 oz/t (.34 g/t ) cut-off as
calculated by Golden Phoenix Mines, yielding a mineral inventory of
44,640 ounces gold (Taylor, 1998).  Readers are cautioned that the
historic estimate is meant to put past production efforts into context,
while it is considered to be reliable and relevant the estimate does
not use categories as defined in NI 43-101. This historic resource
estimate is based on prior data and reports obtained and prepared by
previous operators, and the reader is cautioned that none of the
calculations conform to NI 43-101 requirements for reporting reserves
and resources. Wolfpack has not done the work necessary to verify the
classification of the mineral resource estimates and is not treating
the mineral resource estimates as a NI 43-101 defined resource verified
by a qualified person. The historical estimates should not be relied
upon. The Golden Ridge Project will require considerable further
evaluation which Wolfpack intends to carry out in due course.
Presently, the historical estimates serve primarily as an exploration
tool.

The Golden Ridge Project is a low sulfidation epithermal gold system
hosted by early Tertiary volcanic rocks intruded by and capped with
younger Pliocene-age rhyolite and basalt. Mineralization in the
district appears spatially and genetically related to the later, highly
siliceous eruptive phases and associated hydrothermal activity.
Emplacement of rhyolite domes and mineralization has occurred along a
northeast-trending structural zone that is the locus of intense
alteration. The style and setting of this mineralization is very
similar to Yamana's El Penon mine in Chile.

In 2009, Golden Predator completed five core holes totaling 1,443 ft
(440 m) and 30 RC holes totaling 10,245 ft (3,123 m) on the Project. 
The exploration program focused on targeting high grade (>0.3 oz/t
(10.29 g/t)) gold bonanza vein style mineralization with grades to
support trucking ore to a proposed central milling facility. The
drilling tested geochemical and geological targets on the principle
veins zones, including multiple tests on the Sunshine, Modoc and
Alturas vein systems.  The 2009 program was successful in confirming
the grade, and increasing the extent of, the mineralization.  Multiple
>1 oz (>34.28 g/t) intercepts were obtained in this drilling, including
5 ft @ 2.92 oz/t gold (1.5 m at 100 g/t) from 52.5 to 57.5 ft and 30 ft
averaging 0.73 oz/t gold (9.2 m averaging 25 g/t) from 120 to 150 ft in
hole GPGR-29.   Wolfpack plans to follow-up with definition drilling on
the Alturas and Moonlight veins, as well as the first drill tests of
the Consolidated vein system.

Angel's Camp Project - Lake County, Oregon

The Angel's Camp Project consists of 158 unpatented lode mining claims
covering 3,264 acres (1,321 ha), located in Lake County, Oregon about
30 miles (48.3 km) west-northwest of the town of Lakeview on Oregon
State Highway 140. The Angel's Camp project is adjacent to and a former
part of the Quartz Mountain Project.   Golden Predator and Seabridge
each hold a 50% interest in the Angel's Camp Project.  Quartz Mountain
Resources retains a 1% NSR and Sheriff retains a 0.5% NSR on Angel's
Camp.

Angel's Camp mineralization is part of a large, district scale
epithermal mineralizing system associated with Tertiary volcanism. The
bonanza veins system is hosted within late Miocene, rhyolite porphyry
domes and adjacent basaltic flows, tuffs and volcaniclastic country
rocks.

From 1982 to 1996, comprehensive exploration programs were carried out
by several operators either within or on adjacent property to the
Angel's Camp Project.  These programs, which consisted of geological
mapping, soil and rock geochemistry, geophysical surveys and extensive
reverse circulation (RC) and diamond drilling, resulted in several
historic resource estimates on the Quartz Butte and Crone Hill deposits
located on the adjacent Quartz Mountain property.  In 2004, Quincy Gold
Corp. encountered bonanza gold grades in drilling at Angel's Camp, a
prospect located approximately 2.5 miles (4 km) to the east of the
Quartz Butte and Crone Hill resource areas.  Eight of Quincy's nine
holes intersected epithermal veins and vein breccias and five holes
returned assays of greater than 0.1 oz/t (3.42 g/t) gold. Multiple,
moderate to high-grade gold zones associated with banded epithermal
vein and vein breccias were encountered within broad intercepts of
lower, but bulk mineable grades within surrounding volcanic and
volcaniclastic rocks.

Golden Predator completed a computer modeled evaluation of all available
previous drill data for Angel's Camp which revealed a NNW trending,
nearly vertical zone of high-grade gold intercepts, approximately 200
ft (61 m) in length, 35 to 50 ft (10.7 to 15.2 m) in width, plunging
steeply to the north and at least 400 ft (122 m) in vertical dimension.
This NNW plunging zone is at the intersection of several structural
elements including the Angel's Camp vein and AC fault along with a
newly defined second vein.  Golden Predator has applied for exploration
permits for a drilling program to test the extensions of the
mineralization defined by the previous drilling and to evaluate
additional targets on the claims, and Wolfpack intends to carry forward
this program.

Mineral Hill Project - Crook County, Wyoming

The Mineral Hill Project is located in Crook County, Wyoming,
approximately 14 miles (23 km) east of Sundance.  The Project consists
of 190 unpatented lode mining claims and 20 patented claims covering
4,339 acres (1,755 ha).  Golden Predator owns 113 claims and has leased
77 unpatented and 20 patented, contiguous claims.  The leased claims
are subject to advanced minimum royalty payments, stock payments, a
work commitment and a sliding scale NSR that ranges from 2.5% to 6%. 
Wolfpack will be assuming these obligations.

The Mineral Hill mining district is one of the few known alkaline gold
systems in Wyoming where gold mineralization is associated with the
rare class of alkaline igneous rocks.  Similar systems in Wyoming
include Rattlesnake Hills (Evolving Gold Corp.) and the nearby Sundance
Property (Rare Element Resources Ltd.).  Just 15 km east of Mineral
Hill in South Dakota, Goldcorp Inc. is currently producing gold
associated with alkaline rocks from the Wharf Mine.

The Mineral Hill mining district is ringed by drainages that contain
alluvial gold, and placer mining has taken place in the district since
the 1870's.  Lode mines were subsequently developed on high-grade
epithermal style gold veins, and milling operations were active in the
district in the 1890's through the 1930's.  Even with the history of
placer and lode production, only limited drilling and exploration has
taken place in the district, and little is known about the subsurface
environment. Since most of the district is covered by vegetation and
thick soils, much of the district has yet to be explored.

The Mineral Hill mining district consists of a ring-shaped, multi-phase
alkaline intrusive complex with a central diatreme complex.  Gold and
copper mineralization appears to be best developed in zones adjacent to
the diatreme pipe.  High-grade epithermal style gold veins that were
the targets of historic mining activity are hosted in breccias along
the western margin of the pipe, but newly recognized zones of copper
and gold mineralization are located in monzonitic intrusive rocks along
the north side of the diatreme.  The alkaline rocks at Mineral Hill
include mafic rock types, which distinguishes the complex from others
in the area, and may explain its apparent endowment in copper, a
characteristic shared with other mafic alkaline complexes in the world.

While historic mining activities in the Mineral Hill district have
focused on high-grade epithermal style gold veins and alluvial gold
deposits, drilling by Bronco Creek in 2007 and Golden Predator in 2010
demonstrated the presence of porphyry-style copper-gold mineralization
in the district.  Wolfpack is planning 6,000 ft (1,829 m) of reverse
circulation drilling to further test this model later this year.

Golden Arrow South Project - Nye County, Nevada

Golden Arrow is a historical mining district that produced gold from
low-sulfidation veins in the early part of the 20(th) century.  This area is 25 miles (40 km) east-southeast of Tonopah,
Nevada and contains 230 lode claims covering 4,600 acres (1,862 ha)
owned 90% by Seabridge and 10% by Sheriff.  A target identified on the
property was drill tested in 2007 with 10 holes totaling 4,865 ft
(1,483 m).   These drill holes intercepted several silica vein
intervals and silica stockwork vein zones consistent with a
low-sulfidation epithermal mineral system.  In addition, a
silica-alunite breccia was encountered.  Only low concentrations of
gold were discovered in this drilling campaign, but additional work was
recommended to follow-up the extensive hydrothermal alteration and
quartz veins.

Escrow

Some or all of the Wolfpack Shares issued pursuant to the proposed
transactions or otherwise acquired by the parties to the Letter of
Intent may be subject to the escrow requirements of National Policy
46-201 - Escrow for Initial Public Offerings, the Toronto Stock Exchange and/or other applicable securities
legislation.  The Wolfpack Shares deposited in escrow will be released
over a period of up to eighteen months from the date of closing.

Property Maintenance Costs

All costs with respect to the maintenance of the Properties, shall, from
May 1, 2011 until the termination of the Letter of Intent, be the
responsibility of Wolfpack.

Terms of the Transaction

The Letter of Intent contemplates that the closing is subject to the
satisfaction of certain conditions precedent, including the following:

    --  the concurrent completion of an initial public offering of
        10,000,000 units of Wolfpack (the 'Units') by way of prospectus
        for gross proceeds to Wolfpack of not less than $8,000,000. 
        Each Unit will consist of one Common Share, and, if required,
        one-half of one transferable, non-trading Common Share purchase
        warrant (the 'Warrant').  Each full Warrant will entitle the
        holder thereof to purchase an additional Common Share at a
        price of not less than 150% of the issue price per Unit (the
        'Financing Price'); and
    --  the listing of the Wolfpack Shares on the Toronto Stock
        Exchange.

The maximum number of Wolfpack Shares issuable pursuant to the options
described above assumes that Financing Price is $0.80.

The transactions will be subject to numerous conditions precedent,
including the negotiation and execution of definitive agreements,
satisfactory due diligence reviews and the receipt of all required
regulatory approvals, including the approval of the Toronto Stock
Exchange with respect to the application for listing of the Wolfpack
Shares on the Toronto Stock Exchange, subject only to the filing of
usual documents.

Board of Directors

Rudi Fronk, MSc: Mr. Fronk is the Director, President and CEO of Seabridge and has over
30 years experience in the gold business, primarily as a senior officer
and director of publicly traded companies.  Since 1999, Mr. Fronk has
served as President and CEO of Seabridge. Prior to Seabridge, Mr. Fronk
held senior management positions with Greenstone Resources, Columbia
Resources, Behre Dolbear & Company, Riverside Associates,
Phibro-Salomon, Amax, and DRX.  Mr. Fronk is a graduate of Columbia
University from which he holds a Bachelor of Science in Mining
Engineering and a Master of Science in Mineral Economics.

William E. Threlkeld, MSc: For the past 11 years, Mr. Threlkeld has served as Senior Vice
President of Seabridge where he has designed and executed exploration
and resource delineation programs which have defined more than 45
million ounces of measured and indicated gold resources.  His successes
include the discovery and definition of the Mitchell and Iron Cap
deposits which have made the KSM project in British Columbia the
largest gold reserve in Canada.  Mr.  Threlkeld has 31 years'
experience in the industry and obtained a BSc from Colorado State
University and an MSc in Economic Geology from the University of
Western Ontario.

William M. Sheriff, MSc: An entrepreneur and visionary with over 30 years mineral exploration
experience, Mr. Sheriff was a pioneer in the uranium renaissance and as
Chairman of Energy Metals Corp., was responsible for compiling the
largest domestic uranium resource base in US history. Mr. Sheriff is
Chairman of the Predator Group and its member companies and is also a
Director of Western Lithium Corporation. Mr. Sheriff owns one of the
largest privately held mining databases in the world.  Mr. Sheriff
holds a BSc degree (Geology) from Fort Lewis College, Colorado and a
MSc from the University of Texas-El Paso in Mining Geology and Mineral
Economics.

John W. Legg, BA. LLB: Mr. Legg is the President and a director of Golden Predator, as well
as President and Managing Director of the Predator Group of Companies.
Mr. Legg has a proven track record in the mining industry, with over 15
years' experience with public resource companies: from 1994 through
2006 Mr. Legg was a securities lawyer in private practice, advising
companies in natural resources, securities and corporate finance law,
and from 2007 to 2009 Mr. Legg was Executive Vice-President of a
private mining company operating in Mexico. Mr. Legg holds a BA from
the University of British Columbia and an LLB from Dalhousie Law
School.

David Schmidt, BASc: Mr. Schmidt completed his bachelor of applied science (mining) at the
University of British Columbia in May, 2000, and since then has been
working as a self-employed consultant to mineral exploration companies.
He assists with financings, corporate and financial disclosure and
corporate development. Mr. Schmidt is also currently a director and the
president of Ryangold Corp. and Newmac Resources Inc., a director and
chief executive officer of GFE Capital Corp. and Oceanside Capital
Corp., and a director of Waymar Resources Ltd.

The technical content of this news release has been reviewed and
approved by Mark J. Abrams, MSc, PG, RG, the Company's Vice-President
of Exploration and a Qualified Person as defined by National Instrument
43-101.

About Wolfpack

Wolfpack's corporate mandate is to explore and develop commercially
viable gold resources in the leading gold district of Nevada, USA.

Wolfpack will focus on both high grade underground and bulk tonnage open
pit opportunities. Proven management plus access to unparalleled
geological talent and extensive experience in Nevada provide the
ability to maximize shareholder value from Wolfpack's quality asset
base.

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 to
differ materially from those expressed in the forward-looking
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the companies assume no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change. Completion of the transactions described
herein will be subject to numerous conditions, including the
negotiation and execution of definitive agreements. There can be no
assurance that the transactions will be completed as proposed or at
all.

____________________________

(1) Castle-Black Rock Project - Castle Zone Resource Evaluation, Bikerman
Engineering & Technology Associates, Inc., July 31, 2009.

(2) Resource Estimation of the Castle - Black Rock Project, Bikerman
Engineering & Technology Associates, Inc., October 5, 2000.

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