Brewery Creek's Expanding Sleeman Discovery Encounters Gold and Silver Mineralization; Drilling to Commence at Antimony and Eureka Projects

VANCOUVER, Aug. 29, 2011 /PRNewswire/ -- Golden Predator Corp. (TSX:GPD) (the 'Company') is pleased to announce results from 11 additional diamond drill holes from the recently discovered Sleeman Zone as part of its on-going drill program at Brewery Creek. All 11 holes encountered significant mineralization. Of particular interest are the following:

      --  BC11-249 with 27.8 m of 1.86 g/t gold and 116.0 g/t silver from
          a depth of 67.1 m, including 6.4 m of 4.09 g/t gold and 429.9
          g/t silver; and
      --  BC11-251 with 29.3 m of 1.76 g/t gold and 16.0 g/t silver from
          a depth of 95.7 m.

A complete table of results and location map can be found on the Company's website at (http://www.goldenpredator.com/documents/GPD-NR11-33-Sleeman-Results-Aug-28-FI NAL.pdf).

Drilling continues to expand the newly discovered Sleeman Zone (see GPD news release dated July 27, 2011) with mineralization now established for more than 200 m along strike and over 190 m down dip. Significant silver values continue to be reported throughout the Sleeman drilling with numerous intervals in excess of 30 g/t, further enhancing the Project's potential economics. The mineralization at Sleeman is not typical of previously encountered mineralization at Brewery Creek, and presents the potential to represent a more proximal style of mineralization, possibly related to a buried porphyry.

Sleeman Zone Geology Mineralization at the Sleeman Zone is hosted in altered intrusive rocks occurring as a tabular zone dipping moderately to the south-southwest. To date, gold mineralization has been drilled to a vertical depth of 150 m from surface, extends horizontally along strike for well over 200 m, and remains open in both directions along strike and down dip.

The geochemical signature of the gold bearing zone at Sleeman is distinctly elevated in lead, zinc and silver. Sleeman averages over 700 ppm lead, 1,200 ppm zinc and commonly contains over 15 g/t silver within the mineralized intercepts with a select intercept in excess of 1500 g/t silver in hole BC11-249 over 1.27 m. Other mineralized areas of the Brewery Creek property average less than 100 ppm lead and less than 500 ppm zinc with essentially no silver.

The Company' Brewery Creek Project is located 55 km due east of Dawson City, Yukon comprising 997 quartz claims over 187 km2. Brewery Creek was the site of a heap-leach gold mine that operated from 1996 2002 and produced 279,541 ounces of gold. Current resources remaining on the property include an Indicated Resource of 3.98 MM tonnes grading 1.135 g/t gold and an Inferred Resource of 2.2 MM tonnes averaging 2.01 g/t gold (Diment and Simpson, 2009). The Brewery Creek Project is authorized under a Type A Water License and a production license with expiry dates of December 31, 2021.

Diamond Drilling to Commence on the Company's Antimony and Eureka Projects The Company also announces that it has begun a diamond drill program on the AJ target at the Antimony Project. The current drill program will follow up on mineralization discovered by the company in 2009 highlighted by 12.45 g/t gold over 4.88 m including 28.81 g/t gold over 2.45 m from hole number AJ09-017 (press release dated November 5, 2009). The AJ zone consists of shear-zone-hosted quartz-tourmaline-arsenopyrite veins that cut meta-sedimentary strata near a contact with the Tombstone-age Antimony Mountain monzonite intrusion . The Antimony Project is located 25 km north of the Company's Brewery Creek Project.

The Company will also commence diamond drilling at the road-accessible Eureka Project in the White Gold District later this week. In 2010 the Company drilled 2,961 meters in 27 RC angle holes to test extensive soil geochemical and trench anomalies. Seven of the holes intersected sporadic mineralization (press release dated August 27, 2010). Field mapping and additional rock chip sampling this year by Company geologists has identified three zones of sheeted northwest trending quartz veins anomalous in gold. These veins crop out in two of the adjacent creeks, several hundred meters below the earlier drilling and would not have been cut by the shallow RC program of 2010. The sporadic intercepts that were encountered are interpreted as high level stringer veins, not representative of potential mineralization at depth. The current program targets two 300 AZ sheeted vein sets that cut a carbonate section exposed in the lower elevations.

Sampling Methodology, Quality Control and Assurance Samples were fire assayed by ALS Chemex in Vancouver. Refer to the Company's news release dated March 24, 2011 for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Michael Maslowski, BSc, PGeo, the Company's Vice President, Exploration (Canada) and a Qualified Person as defined by National Instrument 43 101.

About Golden Predator Corp. Golden Predator Corp., Yukon's Gold Company, is a well-funded exploration company mandated to create a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project on which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects. The Company is also currently drilling its Harlan Project, and is conducting soil and stream sediment sampling on its extensive Selwyn Basin land package.

Golden Predator boasts a leading land position in Yukon, with exploration holdings in excess of 4,000 km2, and is committed to strong relationships with Yukon communities and First Nations. Golden Predator's highly skilled management and technical teams continue to lead aggressive exploration programs in the underexplored region of the Yukon, driven to bring value to shareholders and leave a positive legacy in the Yukon.

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.

Golden Predator Corp.

CONTACT:

Golden Predator Corp.

Investor Relations

(604) 648-GOLD (4653)

info@goldenpredator.com

http://www.goldenpredator.com/