TSX: GPD

VANCOUVER, July 16, 2012 /PRNewswire/ – Golden Predator Corp. (TSX: GPD) (the “Company”) and Tr’ondëk Hwëch’in First Nation (“THFN”) are pleased
to announce they have agreed to enter into an Amended and Restated
Socio Economic Accord for Golden Predator’s flagship Brewery Creek
Project. The 2012 Socio Economic Accord, which will take effect on
closing of the Company’s acquisition of a 100% interest in the Project
from Alexco Resource Corp. (see GDP NR 12-06 February 15^th, 2012), updates the existing Socio Economic Accord for the Brewery
Creek Project in effect since its signing in 1996. A signing ceremony
will be at 4 pm on Monday, July 23^rd at the Dänojà Zho (Long Ago House) Cultural Centre in Dawson City,
Yukon.

Golden Predator and the Tr’ondëk Hwëch’in First Nation will continue to
build on their effective working relationship, fostering successful
social and economic development of THFN and its citizens while ensuring
successful environmental screening, licensing and permitting, financing
and construction and operation of the Brewery Creek Project.

“After intense negotiations, the Tr’ondëk Hwëch’in are pleased to be
forging a beneficial relationship with Golden Predator,” said Chief Ed
Taylor. “We support their efforts to re-open the Brewery Creek Mine. We
believe this mine can operate in an environmentally responsible way,
and provide substantial benefits to both the Tr’ondëk Hwëch’in and the
community of Dawson. We appreciate the open spirit in which Golden
Predator is undertaking this task, and our people look forward to the
training, employment and contractual opportunities which will be
available.”

“We are very pleased to have successfully completed negotiations, and I
commend the negotiating team for concluding a timely agreement that
will benefit both Golden Predator and Tr’ondëk Hwëch’in for many years
to come,” said William M. Sheriff, Chairman & CEO. “We have found the
Tr’ondëk Hwëch’in First Nation to be progressive in their approach to
exploration and mining, and believe this approach, combined with the
modernized Socio Economic Accord, will serve the Project and community
well going forward.”

Key aspects of the Socio Economic Accord include:

• THFN support for the Project;
• THFN endorsement for the Company’s permitting applications, with a clear
  process for THFN to review and provide input prior to filing, and a
  mechanism to expeditiously address and resolve any concerns THFN may
  have;
• a consistent and clear process for communication on all matters
  pertaining to the Brewery Creek Project and resolving any disputes that
  may arise;
• preferential employment and economic development opportunities for TH
  businesses and citizens;
• THFN acquiring an equity interest in the Company, and participating in
  profit sharing from operations beyond the original mine plan;
• funding for training and scholarships for TH citizens; and
• an annual grant to a community legacy project for the broader community
  of Dawson.

Brewery Creek Project Overview
Brewery Creek hosts NI 43-101 compliant resources of 581,000 indicated
gold ounces in 20.417 million tonnes at 0.89 g/t and 346,000 inferred
gold ounces in 12.990 million tonnes at 0.83 g/t (Barr, 2012; GPD NR
12-20 June 18, 2012). The Company anticipates publishing an updated
resource estimate incorporating the current year’s drilling later in
the year.

The Brewery Creek Project is a past producing heap leach gold mining
operation with a total of 278,484 oz Au produced from seven
near-surface oxide deposits along the property’s Reserve Trend from
1996 through 2002, when the mine (operated by Viceroy Resource
Corporation) shut down primarily due to low gold prices. The 200 km² property is located 55 km due east of Dawson City, accessible by paved
and gravel roads from the junction of the North Klondike and Dempster
Highways.

The Project is in receipt of all necessary permits required to conduct
additional exploration. The Brewery Creek Project holds a Type A Water
License with an expiry date of December 31, 2021, subject to the
restrictions and conditions contained in the Yukon Water Act and
Regulations. The Project also holds a Quartz Mining License (QML) with
an expiry date of December 31, 2021. The Company is working to amend
the Water License and the QML to incorporate current mine planning and
design studies which are currently underway. In addition, a restated
and amended Socio-Economic Accord with Tr’ondëk Hwëch’in First Nation
with respect to the Brewery Creek Project is in place.

About the Tr’ondëk Hwëch’in First Nation
The Tr’ondëk Hwëch’in are a Yukon First Nation based in Dawson City. The
citizenship of roughly 1,100 includes descendants of the Hän-speaking
people, who have lived along the Yukon River for millennia, and a
diverse mix of families descended from Gwich’in, Northern Tutchone and
other language groups.

Yukon First Nations set the land-claims process in motion during the
1970s. Tr’ondëk Hwëch’in began negotiating their individual land claim
in 1991. The Tr’ondëk Hwëch’in Final Agreement was signed on July 16,
1998, and came into effect on September 15, 1998.

The Tr’ondëk Hwëch’in government ensures a strong and healthy future for
citizens while maintaining connections to traditional knowledge and the
land. The First Nation is governed by an elected Chief and four
councillors, who are guided by the Elders’ Council, a body comprising
all Tr’ondëk Hwëch’in people aged 55 and over. The General Assembly –
all voting-age citizens – gather at least once a year to pass
extraordinary resolutions, approve legislation and provide direction to
political leaders.

About Golden Predator Corp.
Golden Predator Corp., Yukon’s Gold Company, is mandated to become a mid-tier gold producer. Golden Predator is
committed to moving aggressively to a near term production decision
while expanding the existing NI 43-101-compliant resource at its
road-accessible Brewery Creek Project.

Golden Predator has one of the largest controlled land positions in the
Yukon, with exploration holdings in excess of 1.0 million acres, and is
committed to strong relationships with First Nations and communities.
Golden Predator’s highly skilled management and technical teams
continue to lead quality exploration programs in the underexplored
regions of the Yukon, focused on advancing new discoveries and leaving
a positive legacy.

No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and
Golden Predator’s plans and objectives to differ materially from those
expressed in the forward-looking information. Actual results and future
events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the
dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Golden Predator assumes no
obligation to update forward-looking information should circumstances
or management’s estimates or opinions change.

SOURCE Golden Predator Corp.