News Releases

June 2, 2008
Golden Predator Mines Inc. Announces Transfer Of 5 Million Shares To Gmp Diversified Alpha Master Fund

Golden Predator Mines Inc. announces that Energy Metals Corp. (a wholly owned subsidiary of Uranium One Inc.) has sold 5 million shares of Golden Predator Mines Inc. to GMP Diversified Alpha Master Fund. A total of 3,750,000 of the shares sold were subject to a National Policy 46-201 escrow agreement, which was terminated in accordance with its terms in connection with the sale. GMP Diversified Alpha Master Fund has entered into a voluntary escrow agreement whereby 3,750,000 of the 5,000,000 shares acquired will be held in escrow, with 1,250,000 shares released every two months over the next six months.

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.
c/o William M. Sheriff
Telephone: 604-648-4653 


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

Golden Predator
 is a gold and tungsten 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 1,200 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.

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