News Releases

March 6, 2009
Golden Predator Completes Spin-Out

Not for distribution in the United States or to U.S. Newswire Services


Vancouver, BC - March 6, 2009 - Golden Predator Mines Inc. (TSX:GP) ("the Company") is pleased to announce that it has received final Court approval to the arrangement between the Company and Golden Predator Royalty & Development Corp. ("GPRD"). The Company has now completed the arrangement and resulting spin-out of GPRD.

AS a result of the arrangement, the Company has changed its name to EMC Metals Corp. Securities of the Company will however continue to trade under the existing name and CUSIP number until two business days from the date of the Toronto Stock Exchange (TSX) bulletin announcing the change, which the Company expects will be issued early next week.

Registered shareholders at March 6, 2009, (being shareholders that personally hold a share certificate of the Company in their name) will receive a letter of transmittal to exchange their Golden Predator shares for shares of EMC Metals Corp. and units of Golden Predator Royalty & Development Corp. In order to receive the new securities, the old Golden Predator share certificate should be returned to Olympia Trust Company along with the completed letter of transmittal. 

Indirect shareholders, being shareholders that hold their securities through a securities broker or dealer, should have their accounts credited with the EMC and GPRD securities by that broker or dealer in accordance with their back-office procedures. In most cases this will occur upon the delisting from the TSX of the old Golden Predator shares. 

The Company has been informed that persons trading through the facilities of the TSX will continue to trade old shares and old warrants of Golden Predator (under old CUSIPs) until those securities are delisted in accordance with the TSX bulletin. Thereafter to the extent the old shares and old warrants continue to be held at the time of delisting, such persons should receive the corresponding EMC and GPRD securities in exchange. The Company cautions persons buying or selling through securities brokers or dealers to check with their securities broker or dealer to confirm the foregoing in each instance. 

About Golden Predator

Golden Predator is a tungsten and gold mining company focused on mineral development in Nevada and surrounding states. The Company recently announced the proposed segregation of its two main business components into separately listed public companies by spin-out of its gold and silver focused, precious metals portfolio to a new company by means of a plan of arrangement. The objective of the spin-out is to maximize shareholder value by allowing the market to independently value two very different businesses. The spin-out will result in a separate, revenue generating, Nevada focused gold company, in addition to allowing the existing company to re-focus its efforts as a specialty metals and alloys company working in tungsten, molybdenum, vanadium and uranium. Management is confident that having two separate operating businesses will accelerate the advancement and development of existing projects with a higher degree of certainty, and improved efficiency.

Further information on Golden Predator Mines Inc. is available on the SEDAR web site at www.sedar.com and on the company's web site at www.goldenpredator.com, or contact us as follows:

Golden Predator Mines Inc.

William M. Sheriff, CEO: (778) 855-7230
Steve Vanry, President: (604) 648-4660

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

Certain disclosures in this release, including management's assessment of Golden Predator's plans and projects and intentions with respect to the proposal and to a proposed spin-out, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects and the receipts of all necessary approvals and consents for the proposed spin-out and for the proposal. Readers are cautioned not to place undue reliance on forward-looking statements. Golden Predator expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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