News Releases

January 26, 2009
Golden Predator Subsidiary Reports 2009 Advance Royalty Revenue of CDN$1.22 million

Vancouver, BC - January 26, 2009 - Golden Predator Mines Inc. (TSX:GP) ("the Company")announces that its wholly owned subsidiary Gold Standard Royalty Corp (GSR) has received CDN $1,101,351 of a total CDN $1,227,137, in advance royalty payments due for calendar 2009. The royalty income stream is completely passive, and the majority of annual payments are indexed to the price of gold. 

The Company has proposed to transfer Gold Standard Royalty Corp. and its income stream to a new spin-off, to be named Golden Predator Royalty & Development Corp. The royalty package will form the nucleus of a high-quality portfolio of Nevada based precious metal assets. For further information regarding the spin-off please see the Company's press releases Dated December 19, 2008 and January 22, 2009

Gold Standard Royalty Corp. was created for the purpose of acquiring precious metals royalties. The Company owns certain assets acquired from the Lyle F. Campbell Trust, which includes ownership of 21 property interests comprised of unpatented mining claim groups and deeded royalty interests covering more than 70,000 acres in Nevada.

Assets within GSR include ownership and royalty interests at Bald Mtn. (held by Barrick Gold TSX:ABX), Tonkin Springs (US Gold TSX:UXG) and the Pan deposit (Midway Gold TSXV:MDW) in Nevada, along with the Rattlesnake project (Evolving Gold TSXV:EVG) in Wyoming.

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 sliver focused, precious metals portfolio to a new company ("New GoldCo") 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 ("Specialty MetalsCo") 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 and on the company's web site at, 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 a proposed spin-out, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Golden Predator's operation as a mineral exploration company 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. 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.

Completion of the transaction is subject to a number of conditions, including regulatory approval, shareholder approvals, and approval of the British Columbia Supreme Court. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the spin-off 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.

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