Gold and Silver miners (Jr and Exploration)

[Edge83]

Golden Predator Intersects 8 m of 50.4 g/t Gold at the 3 Aces Project; Schedules Webcast to Provide 2017 Exploration Program Update

Vancouver, BC, August 9th, 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) is pleased to report assay results for 8 reverse circulation (RC) drill holes and 10 diamond core drill holes at the 3 Aces Project in southeast Yukon, Canada. The current drill program has focused on the Spades Zone to provide appropriate drill density for interpretation and modelling of the gold mineralization in the high-grade vein system. The Company also reports a new discovery of gold in quartz veining at the new Ace of Diamonds and Three of Diamonds, which were discovered through the ongoing sampling and mapping program.

Significant results include:

Hole 3A17-124: 4.57 m of 58.75 g/t gold, including 1.52 m of 121.75 g/t gold
Hole 3A17-132: 13.30 m of 6.69* g/t gold, including 1.95 m of 25.64* g/t gold
Hole 3A17-134: 4.6 m of 18.77* g/t gold, including 1.5 m of 36.6* g/t gold
Hole 3A17-138: 1.5 m of 8.31* g/t gold, and 8.0 m of 50.4* g/t gold, including 1.0 m of 156.0* g/t gold
Hole 3A17-131: 13.75 m of 65.31 g/t gold, and 4.55 m of 46.90 g/t gold, including 0.95 m of 209 g/t gold (Grade Verification)
Hole 3A17-133: intersected 6.0 m of 15.98* g/t gold, including 1.5 m of 49.93* g/t gold, and 16.2 m of 20.5* g/t gold, including 5.1 m of 57.77* g/t gold (Grade Verification)
Intervals reported with an asterisk (*) are results from 50g Fire Assay. These intervals have been submitted for Metallic Screen Analysis, which are pending. Metallic Screen Analysis may report higher or lower gold values than 50g Fire Assay. To date, overall average gold values increase in reported grade when comparing Metallic Screen Analysis to 50g Fire Assay.

The drill results reported include step-out and in-fill holes at the Spades Zone, as well as, two grade verification diamond core holes. Step-out holes 3A17-137 and 3A17-138 extend mineralization along strike, intercepting quartz veining 10m apart and 17m from previous drilling. Hole 3A17-137 returned 1.5m of 68.30* g/t gold and 5.5m of 7.24* g/t gold with hole 3A17-138 returning 1.5m of 8.31* g/t gold and 8m of 50.4* g/t gold. The grade verification holes have confirmed grades in areas previously explored with reverse circulation drilling. Hole 3A17-131 intersected the best mineralized interval reported to date from the 3 Aces Project at 13.75 m of 65.31 g/t gold, and lower in the same hole another interval of 4.55 m of 46.90 g/t gold. Hole 3A17-133 intercepted a blind vein with 1.15 m of 73.2* g/t gold at a depth of 60.1m, some 25m below the nearest previously known intercept. Results continue to confirm the potential for near surface and high-grade underground targets and are part of a fully-funded 40,000m drill program, which will continue throughout 2017.

The Company has greatly increased its understanding of the structural and stratigraphic controls of the gold mineralization within the 11km2 Central Core Area. These controls and style of mineralization persist along a northwesterly trend measuring 35 km within the current 357km2 land package at 3 Aces. The similarities and repetitive nature of the structures, stratigraphy and mineralization have significant district scale implications across the property.

Geologic mapping and soil sampling are critical summer exploration programs and recently led to a visible gold discovery at the newly identified Ace of Diamonds in the Diamond Zone. The Diamonds zone features gold-bearing quartz veining occurring continuously over a strike of 1.2 km. The Company also discovered quartz breccias containing up to 3.21 g/t gold at the newly discovered Three of Diamonds. Discovery of gold in the lower stratigraphy that hosts the Diamonds Zone supports the theory that deep mineralization underlies the Spades, Hearts and Clubs Zones. Expansion into the Diamonds Zone significantly enhances the overall potential of the Central Core Area.

Complete location maps can be found on the Company’s website at: http://goldenpredator.com/_resources/news/3Aces_PressReleaseMaps_20170808.pdf

Webcast / Call-In Details:

The Company has scheduled a webcast to provide an update on the 2017 exploration program and to better explain the evolving structural model. A question and answer period will follow the presentation.

Time: 11 AM EST
Date: Wednesday, August 9th,2017
Webcast link: http://edge.media-server.com/m/p/k7vp4976
Participant Toll-Free Dial-In Number: [phone]
Participant International Dial-In Number: [phone]
Conference Code: 67840800
2017 Exploration Program Update

The 2017 exploration program has provided valuable interpretations of the district scale potential and the 3 Aces orogenic gold model. Through mapping, sampling and the interpretation of over 100 drill holes within the 11 km2 Central Core Area, as well as, new exposures created through trenching and road building, the Company has refined the geological model’s key parameters including the persistent structural and stratigraphic controls for the length of the project (35 km).

To date, the 2017 drill program has focused exclusively on delineating and expanding the Spades Zone. Going forward, drilling will expand to 3 reverse circulation (RC) drills in August 2017 and will be focused on the down dip and strike extension targets at the Ace of Hearts, as well as, expanding to both the Clubs Zone and Diamonds Zone. The diamond core rig is expected to resume operation in September 2017.

A 10,000 sample soil geochemical program is approximately 40% complete. The intention of this work is to fill in gaps from previous sampling programs along trend, and is anticipated to facilitate selection of additional drill targets. The program has been designed to provide an initial grid testing of the favorable stratigraphic exposure along the 35km trend at 3 Aces.

The Company built approximately 11 km of exploration roads in 2016, with an additional 7 km added to date in 2017. An additional 3 km of roadwork is planned for the remainder of the year.