Gold and Silver miners (Jr and Exploration)

[Edge83]

Golden Predator Intersects 6.86 m of 20.15 g/t Gold at the 3 Aces Project; Jack and Ace of Spades Zones Merging

Vancouver, BC, July 10th, 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) is pleased to report assay results for 23 reverse circulation (RC) drill holes completed as of May 15, 2017 at the 3 Aces Project in southeast Yukon, Canada. Current results expand the zone of mineralization in the Ace and Jack of Spades zone to 137+m (450+ feet) in a southeasterly direction (down dip) and 61+m (200+ feet) along strike and it remains open.    In addition to the already identified high grade underground targets, the drilling results suggest a merging into a single gently dipping zone, providing a potential near surface bulk mineable.  These drill results are part of a fully funded 40,000 m drill program1, which will continue throughout 2017.

Significant results include:

Hole 3A17-100 intersected 6.86 m of 20.15 g/t gold from a depth of 19.05 m, including 1.53 m of 42.59 g/t gold; Hole 3A17-106 intersected 1.52 m of 54.25 g/t gold from a depth of 2.29 m, and 1.53 m of 8.89 g/t gold from 8.38 m, and 1.53 m of 14.26 g/t gold from 12.95 m Hole 3A17-125 intersected 2.29 m of 35.35 g/t gold from a depth 9.14 m, including 0.76 m of 59.30 g/t gold; Hole 3A17-127 intersected 6.10 m of 22.30 g/t gold from a depth of 12.95 m. Hole 3A17-126 intersected 1.52 m of 72.25 g/t gold from a depth of 14.48 m;

To view maps of the 3 Aces Project outlining the results in this release please visit:
http://www.goldenpredator.com/_resources/maps/3Aces_20170710_PressReleaseMaps.pdf ;

2017 3 Aces Exploration Program
The 2017 drill program, commenced in February, is initially focusing on the Spades Zone then expanding to other areas of the property. Drilling in the Spades Zone is intended to test targets including the depth and strike extensions of the Ace of Spades vein, stockwork mineralization encountered below the Ace of Spades vein, and, to conduct initial drilling at the Jack, Queen, Seven and Three of Spades. The 2017 drill program2 will then focus on identifying and testing new mineralized vein targets combined with expanding the current gold targets in the Clubs, Hearts and Spades zones.

Forty-three reverse circulation holes were drilled in the first round of the 2017 program, completed on May 15, 2017, from an area measuring over 450 x 700 m (1,475 x 1,300 feet) in the Spades Zone. Results from four additional holes are pending.

Since June 1, 2017, an additional 13 RC holes for 718 m (2,355 feet) and 20 PQ diamond core holes for 1,906 m (6,253 feet) have been drilled in the Spades Zone to complete the second round, results pending.  The current RC drilling will also focus on down-dip and along strike of the Ace of Hearts vein, the Queen of Clubs vein and the Seven of Spades zone.  Initial drilling will be conducted at the northeast extension of the Ace of Spades, a newly discovered vein at the Three of Spades, the Queen of Hearts, the Six of Clubs and the Ten of Clubs.

Gold mineralization in the Spades zone is localized in the footwall of an east-west trending, south dipping shear zone which approximates a strongly sheared and folded phyllite/sandstone contact.  Lenticular quartz veins and associate gold mineralization are best developed along north-northeast and north-northwest trending structures dipping 50o SE and 60-80o SW respectively.  The gold bearing vein system is developed within a moderately dipping, southeast plunging syncline with a phyllite hanging wall and sandstone footwall.  The best grade/thickness gold mineralization appears to be developed within the syncline fold axis and similar structural settings are being targeted for drilling immediately northwest and southeast of the Spades zone. In addition to the higher-grade intervals reported here, there are extensive zones in the current drilling that contain near surface intervals ranging from 0.25 g/t gold up to 3.0 g/t gold.

A second gold in soil anomaly is developed 400 m west of the Ace of Spades vein within a similar setting with arsenopyrite-bearing quartz veins developed along phyllite/sandstone contacts. The gold in soil anomaly has a strike length of approximately 250 m with gold values to 4.61 g/t gold and rock chip sample assays are pending.  Arsenopyrite-bearing quartz veins have been recently discovered 450 m east of the Ace of Spades zone along the east-west shear zone and rock assays from recently excavated trenches are pending.

Soil sampling, trenching, road construction and property-wide geochemical grid surveying over favourable terrain have commenced for the 2017 season.