News Releases

March 2, 2009
Timing of Shareholders Meeting To be Held On March 4, 2009

Vancouver, BC -- March 2, 2009 - Golden Predator Mines Inc. (TSX:GP) ("the Company") is pleased to announce that the shareholder meeting in connection with its previously announced corporate reorganization will be held on March 4, 2009. The company has mailed an information circular to shareholders of record as at January 27, 2009 which contains information on matters to be considered at the meeting, including the corporate reorganization. The effective date of the corporate reorganization is currently scheduled for March 6, 2009, subject to completion of certain pre-closing conditions, including shareholder approval and final court approval.

Only registered shareholders as at the close of business on the effective date will be entitled to receive shares and share purchase rights of Golden Predator Royalty & Development Corp. Persons trading in shares of the Company prior to the effective date through a broker or securities dealer, should contact their broker or dealer to confirm whether or not the trade will be recorded as occurring prior to or post spin-out.

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 silver focused, precious metals portfolio to a new company 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 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 the proposal and to a proposed spin-out, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors 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 and for the proposal. 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.

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