News Releases

June 16, 2008
Golden Predator Intersects High Grade Tungsten Mineralization in Surface Drilling at the Springer Mine

Vancouver, British Columbia, June 13, 2008: Golden Predator Mines Inc. (TSX:GP) is pleased to report it has intersected high grade tungsten mineralization in near-surface drilling at its wholly-owned Springer tungsten project in Pershing County, NV. Tungsten assay highlights include: 0.758 % WO3 over 7.28 feet (2.22 m) including 0.917% WO3 over 3.12 feet (0.95 m) in SMC-022; 0.444 % WO3 over 21.3 feet (6.50 m) including 1.379% WO3 over 4.92 feet (1.5 m) in SMC-025; and 0.495% WO3 over 8.32 feet (2.54 m) in SMC-028, all intervals true thickness.

Golden Predator has been drilling near-surface tungsten mineralization in three separate areas on the Springer property since late 2007. The drill holes reported here come from the South Sutton area on private lands held by the Company. Additional assays from this area were reported earlier by the Company in news releases dated April 30, 2008 and June 5, 2008.

Dr. Art Ettlinger P.Geo., Chief Technical Officer stated: "the initial results of our efforts to delineate less costly open pit material to augment underground mill feed are very encouraging. We look forward to continued success as additional assays come in and drilling continues."

The tungsten values reported here in the following table, along with those reported earlier by Golden Predator, compare favorably with the average historic tungsten grade reported in the historical resource for Springer of 3.59 million tons grading 0.446% WO3 reported by the General Electric Company in March 1983 and cited in Golden Predator's previous news release dated April 28, 2007. 

Drilling is continuing at Springer with two reverse circulation drill rigs working in the historic George beds with a move shortly to the Uncle Sam area, both areas of significant historic open pit mining.

 

Springer Facility South Sutton Drill Highlights

Drill Hole

From, ft

To, ft

True Width, ft

WO3
%

SMC-22

26

28

1.04

0.571

 

28

230

1.04

0.339

 

30

32

1.04

0.242

 

32

34

1.04

0.469

'

 

 

 

 

SMC-22

46

48

1.64

0.489

 

48

50

1.04

2.05

 

50

52

1.04

0.213

 

52

54

1.04

0.041

 

54

56

1.04

0.027

 

56

58

1.04

0.063

 

58

60

1.04

2.42

 

 

 

 

 

SMC-025

0

2

1.64

0.094

SMC-025

2

4

1.64

0.504

SMC-025

4

6

1.64

0.032

SMC-025

6

8

1.64

0.107

SMC-025

8

10

1.64

0.107

SMC-025

10

12

1.64

0.033

SMC-025

12

14

1.64

0.098

SMC-025

14

16

1.64

0.290

SMC-025

16

18

1.64

0.119

SMC-025

18

20

1.64

0.248

SMC-025

20

22

1.64

1.25

SMC-025

22

24

1.64

2.49

SMC-025

24

26

1.64

0.396

 

 

 

 

 

SMC-28

56

58

1.04

0.204

SMC-28

58

60

1.04

0.049

SMC-28

60

62

1.04

0.731

SMC-28

62

64

1.04

1.14

SMC-28

64

66

1.04

0.484

SMC-28

66

68

1.04

0.925

SMC-28

68

70

1.04

0.201

SMC-28

70

72

1.04

0.228



Laboratory Analysis and QA/QC

ALS CHEMEX of Reno, NV performed all primary lab analyses. Their sample preparation procedure is described in Golden Predators news release of April 30. The QA/QC procedures being followed by the Company for reverse circulation drilling are those recommended by William R. Gilmour of Discovery Consultants of Vernon, BC in their report dated Feb. 11, 2008 entitled: "Proposed Sample Preparation and Analytical Procedures and Proposed Quality Control / Quality Assurance Programs for a RC Drill Program Springer Property for Golden Predator Resources Inc." 

Chip samples are collected at the drill on two-foot sampling intervals. All of the drilled material is recovered. Each sample for which scheelite is noted using an ultraviolet light, along with an appropriate buffer zone on each side of the mineralized sample, is sent to the ALS Chemex sample preparation facility in Winnemucca, NV. After ALS Chemex pulverizes the samples, they are returned to Springer where they are repackaged and relabeled. Prior to resubmitting the samples to ALS Chemex for analysis at their Vancouver laboratory, two tungsten standards, one of which is a blank, as well as a duplicate split pulp sample are inserted along with the pulped samples with one standard, one blank and one duplicate submitted at a minimum for every twenty samples.



Information presented here on QA/QC procedures and historical resource estimates was reviewed and approved by Art Ettlinger, Ph.D., P. Geo. the COO 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, COO: (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 info@goldenpredator.com.

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