Golden Predator Reports New Gold Discovery  

VANCOUVER, BC - Golden Predator Corp. reported a new gold discovery at the Company's previously undrilled Cache Creek Project (formerly known as the Harlan Project) in the central Selwyn Basin, Yukon, Canada . The initial six hole, 2,029 m diamond drilling program completed in 2011 encountered significant gold mineralization in four of six drill holes with all drill holes intersecting extensive intervals of hydrothermal alteration. Mineralization is not constrained by current drilling and remains open along strike and at depth. Significant results include: HAR11-005 with 57.0 m of 0.53 g/t gold from a depth of 3.1 m, plus a second zone of anomalous gold with 39.9 m of 0.49 g/t gold from a depth of 315.2 m; and HAR11-006 with 77.4 m of 0.51 g/t gold from a depth of 3.6 m, including 35.63 m of 0.77 g/t gold from a depth of 3.6 m, plus a second intersection with 16.66 m of 2.10 g/t gold from a depth of 117.3 m, including 4.51 m of 6.85 g/t gold.

The Project area consists of 740 quartz claims covering approximately 150 km2 and lying approximately 90 km south of the Osiris discovery of ATAC Resources Ltd., and presents at least two major drill-ready gold targets: the Vortex and West Porphyry Zones.  All drilling to date has been limited to the Vortex Zone.

"We are extremely encouraged by the results from Cache Creek ," said Chairman William M. Sheriff. "This is our third discovery from the 2011 drill campaign, following on our 2-headframe finds at the Bohemian-Schooner and Sleeman Zones at our Brewery Creek Project. The wide-spaced nature of the initial 6 holes, coupled with the multiple intercepts in the last two holes and mineralized intervals in excess of 50 m in both, is cause for excitement.  We look forward to additional drilling in 2012 on the newly discovered Vortex Zone, as well as initial drill testing of the neighbouring West Porphyry Zone."

The Cache Creek property is located 60 km off the North Canol Road in the Yukon's central Selwyn Basin and is comprised of 740 quartz claims covering 154.6 km2. In January 2011 , Golden Predator optioned 75 claims, covering the area of drilling, from Alexco Resource Corp. with the opportunity to earn a 75% interest in these claims over a 5 year period.