News Releases

August 19, 2008
Golden Predator completes Arrangement with Fury Explorations Ltd.

Vancouver, British Columbia, August 18, 2008: Golden Predator Mines Inc. (TSX: GP) ("Golden Predator") and Fury Explorations Ltd. ("Fury") are pleased to announce that on August 15, 2008 they completed a business combination by way of a plan of arrangement under the British Columbia Business Corporations Act (the "Arrangement").

The Fury Transaction 

Effective August 15, 2008, Golden Predator has completed the acquisition of all of the issued and outstanding shares of Fury pursuant to the Arrangement. In order to complete the transaction, Fury was required to obtain shareholder approval and final court approval, which were obtained on August 8, 2008 and August 12, 2008, respectively. Pursuant to the Arrangement, Golden Predator has acquired all of the issued and outstanding common shares of Fury, in exchange for the issuance to Fury shareholders of Golden Predator units, each unit consisting of 1/3 of a common share and 1/2 of a share purchase warrant of Golden Predator. The total of Golden Predator units exchanged pursuant to the Arrangement represents an issuance to Fury shareholders of 10,595,814 common shares and 15,893,721 share purchase warrants of Golden Predator. Each share purchase warrant is exercisable into a Golden Predator common share at a price of $3.35 per share for a period of 3 years from August 15, 2008. In addition, incentive stock options and share purchase warrants of Fury were exchanged for incentive stock options and share purchase warrants of Golden Predator, with appropriate adjustments to the number of shares issuable on exercise and the exercise price. 

Prior to the transaction, Golden Predator held 3,100,000 shares of Fury. These Fury shares were exchanged for the common shares and share purchase warrants of Golden Predator pursuant to the Arrangement and have not been cancelled. 

In connection with the acquisition of Fury, Steve Vanry was appointed President of Golden Predator. Mr. Vanry is a holder of the right to use the Chartered Financial Analyst (CFA) and Canadian Investment Manager (CIM) designations, and is a member of the CFA Institute and the Vancouver Society of Financial Analysts. Mr. Vanry has a broad range of experience in the mining industry as well as in mining finance and business development. William Sheriff is CEO and Chairman. James G.G. Watt has stepped down as non-executive Chairman but remains a director of the Company. 

Effective at the close of business on August 14, 2008, the common shares of Fury Explorations Ltd. were de-listed from the TSX Venture Exchange. 

For more information please contact:
Golden Predator Mines Inc.

Steve Vanry -- (604) 648-4653
Art Ettlinger, CTO: (604) 685-1964
David Pollack, Corporate Communications (604) 648-4668

Steve Vanry
(604) 689-1810

Cautionary Statements: Investors are cautioned that, except as disclosed in the Management Information Circular of Fury prepared in connection with the Arrangement, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of exploration and development stage resource companies should be considered highly speculative.

This press release does not constitute an offer of securities in the United States. The securities referenced herein have not been and will not be registered under any federal or state securities law of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Toronto Stock Exchange and has neither approved nor disapproved the contents of this press release.

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