News Releases

June 24, 2008
Golden Predator Intersects 11.2 grams per tonne Gold in Initial Drilling at Adelaide

Vancouver, British Columbia, July 24, 2008: Golden Predator Mines Inc. (TSX:GP) is pleased to report it has intersected auriferous quartz veins in its first 13 reverse circulation drill holes from its Adelaide gold project in southeastern Humboldt County, Nevada. Assay highlights include: 11.2 gm/t over 4.4 feet (1.3 m) from drill hole GPA004 and 9.7 gm/t over 4.5 feet (1.4 m) from drill hole GPA012. Assay intervals are estimated true thickness based on 5 ft drill intervals.

The Adelaide property, part of the historic Gold Run Mining District which has been active since the late 1870s, is located about 18 miles south-east of Winnemucca. Golden Predator controls over 92,000 acres, including 90 unpatented claims and 75 leased unpatented claims, covering 3.6 miles of strike length along the mineralized Adelaide structure. Approximately 220 percussion and reverse circulation holes and 18 core holes have been drilled in several areas, including the Adelaide-Crown, Margarite-Recovery veins, and the Robbers Knob area. Each of these prospects in the district has announced various non NI43-101 compliant historic resources or reserves. The property is located at the projected intersection of the Getchell and Battle Mountain-Eureka gold trends. Host-rocks consist primarily of Cambrian Preble formation and the Ordovician-Valmy formation separated by the Adelaide fault. This advanced exploration property has been the focus of exploration over the last 30 years by a number of companies including Newmont. 

Golden Predator initiated a 44 hole drill program this year to test several targets along 1.6 miles of strike on the mineralized Adelaide Fault zone. This program is planned to consist of 32 reverse circulation holes and 12 diamond core holes. Drilling is primarily testing extensions of historic underground and surface mining.

Adelaide Project Drill Highlights, Greater than 1 gm/t
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                                True
Drill       From,    To,   Thickness,      Au     Ag      Au     Ag
Hole #        ft     ft           ft     gm/t   gm/t    oz/t   oz/t
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GPA001        70     75          4.3      1.1     64   0.032   1.87
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GPA002        80     90          8.7      1.8     69   0.051   2.01
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GPA002       115    120          4.3      1.3     69   0.036   2.01
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GPA003        65     70          4.4      5.2    108   0.152   3.15
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GPA004        30     40          8.8      1.8    125   0.052   3.63
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GPA004       120    125          4.4     11.2     20   0.325   0.58
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GPA005       245    250          4.3      1.2      6   0.034   0.18
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GPA007        90     95          4.2      1.0     14   0.030   0.41
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GPA008       120    130          8.7      4.4     73   0.129   2.11
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including                        4.3      6.9     85   0.202   2.48
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GPA009        80    110         26.0      1.2     35   0.034   1.03
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                                                less           less
                                                than           than
GPA009       315    320          4.3      1.0      1   0.029   0.03
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GPA011       180    190          7.9      6.1     12   0.179   0.34
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GPA011       220    225          3.9      1.1      9   0.032   0.26
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GPA012       310    315          4.5      2.5     32   0.072   0.93
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GPA012       350    355          4.5      9.7     13   0.283   0.38
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GPA012       385    390          4.5      8.9     14   0.261   0.41
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GPA013       295    300          3.8      1.7     14   0.050   0.41
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Laboratory Analysis and QA/QC

ALS CHEMEX of Reno, NV performed all primary lab analyses. Samples received in the lab were first logged-in and assigned a barcode. The samples were then fine crushed to 70% less than 2 mm then split with a riffle splitter with one split pulverized to 85% less than 75 microns. Gold was analyzed by fire assay and AAS using a nominal 30 g sample weight, for samples exceeding 10 ppm values were analyzed by fire assay with a gravimetric finish. Silver was analyzed by aqua regia digestion and ICP-AES or AAS. Levels of detection for gold and silver are, 0.005 and 1 ppm, respectively.

QA/QC procedures followed for this initial reverse circulation drilling include submittal of chip samples for analysis with duplicate, blank, and referee samples being submitted for every ten samples assayed. It is uncertain as to whether mineralization at Adelaide contains coarse gold which may present assaying challenges. To address this issue, the company has resubmitted zones on select holes with assays greater than 1 gm/t Au for metallic screen analysis to check for variability due to coarse gold.

Information presented here on QA/QC procedures and historical resource estimates was reviewed and approved by Travis Schwertfeger, P. Geo., the Gold Exploration Manager of the company and a Qualified Person as defined under National Instrument 43-101. All historical resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators and certain other information. The historical estimates should not be relied upon. No qualified person (as defined by NI 43-101) has done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Golden Predator has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the historical estimates as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101. Further work will be required to evaluate these resource estimates.

Golden Predator is a tungsten and gold mining company focused on mineral development in Nevada and surrounding states. The company intends to augment its dominant position in the domestic tungsten business through high grade gold development and production. Its current principal project is the Springer Facility, a 1,000 ton per day mine and mill complex built by the General Electric Company between 1979 and 1982. While it had a 13-year mine life at time of construction, GE only operated the facility for eight months when it ceased production in 1982 and placed Springer on care and maintenance due to falling tungsten prices. Golden Predator is in the process of re-commissioning the mill, which will be operational by the end of this year when it will be the only operational tungsten mill in the United States. 

For further information, please contact:

Golden Predator Mines Inc.

Bill Sheriff, President and CEO: (972) 333-2214
Art Ettlinger, CTO: (604) 685-1964

Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Golden Predator's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com.

For more information please see our Website at www.goldenpredator.com, or send questions and comments to

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