Golden Predator Royalty & Development Corp.

Golden Predator Royalty & Development Corp.

June 01, 2009 13:30 ET

Golden Predator Acquires Four New Bonanza Gold Targets from Nevoro Nevada Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - Golden Predator Royalty and Development (TSX VENTURE:GPD) is pleased to announce its wholly owned Nevada subsidiary Golden Predator Mines US Inc. has signed a Letter of Intent ("LOI") with Nevoro Nevada Inc., a wholly owned subsidiary of Nevoro Inc. (TSX:NVR), to acquire up to a 75% interest in a portfolio of eight properties, at least four of which present well-defined high grade bonanza gold opportunities. The eight properties covered by the LOI are: St. Elmo, Dome Hill, Silver King, Eagleville, Jenny Hill, Germany Canyon, Cedar and Stealth. All are located in the State of Nevada except for Dome Hill which straddles the Nevada-California border. The acquisition of this property portfolio is very significant and will assist the Company in its mandate to define and develop high grade bonanza gold targets.

The properties cover a total of 1,234 claims with at least four of the above mentioned properties immediately being considered for inclusion into the Company's current aggressive bonanza quartz-gold vein drilling program. These include:

St. Elmo: this advanced exploration property covers approximately 8,645 acres in Elko County, NV. Several vein targets are present including the St. Elmo vein, which can be traced for over 1,100 ft in outcrop and has up to 2.13 oz/t gold samples taken from surface. Hazen Research reported a head grade of 2.36 oz/t gold and 1.15 oz/t silver on a 360 kg sample collected from stockpiles prepared for metallurgical assessment by Harrison Western Mining.

Dome Hill: the property covers approximately 3,049 acres straddling the Mineral Co. (NV) and Mono Co. (CA) border and contains multiple zones up to 80 feet wide of quartz veining and quartz breccias within zones of intense alteration and silicification. Select rock chip sampling by Nevoro yields up to 0.59 oz/t gold from an adit dump on the Maybell zone.

Eagleville: is host to a series of NW trending quartz veins with over 8,000 feet of underground workings developed on the historic quartz vein deposits. One of four historic drill holes intersected 3.28 ft of 0.17 oz/t gold from a depth of 216 ft and a second hole returned 0.96 oz/t gold on a 1.3 ft interval from 155 ft drill depth.

Jenny Hill: covers 3,640 acres and is located approximately half-way between the Rawhide and Paradise Peak gold mines in Mineral County, NV. Four styles of mineralization are present with quartz veins having visible gold reported.

Subject to satisfactory due diligence by Golden Predator, the Company can earn an initial 51% interest in each of the properties by spending $1.5 million on any or all of the properties within 30 months of the signing of a definitive Exploration and Option to Joint Venture Agreement (EOJV). Golden Predator will assume the obligations of Nevoro in any underlying property agreements and the payment of BLM claim maintenance fees. Upon completion of the initial 51% earn in, the Company can earn an additional 24% interest in the property portfolio, increasing to 75% by spending an additional $3 million dollars during the 3 year period following the initial earn in.

Travis Schwertfeger P.Geo., Exploration Manager, is the Qualified Person, as defined under National Instrument 43-101, overseeing Golden Predator's exploration programs and has reviewed the historical information presented in this press release. Currently, there is no information available on sample preparation, analyses, or security of the samples for the historic drilling data. Data verification of surface sampling is on-going with the due diligence work.

About Golden Predator Royalty & Development Corp.

The Company is focused on becoming a mid-tier precious metals producer in Nevada through the strategic use of its Taylor milling facility near Ely, NV and through a facilities use agreement at the Springer Facility with its sister company, EMC Metals Corp. Golden Predator is moving forward on several of its gold and silver projects in 2009 with the mandate to identify one or more properties for near term production of small-tonnage high grade opportunities. In addition, the company is partially self-financed through its passive royalty stream from a portfolio of properties that are anticipated to yield approximately $1.2 million annually at current gold prices for 2009. The company has a secondary focus of exploring for world class gold deposits in the Tintina Gold Trend of the Yukon, Alaska and northernmost British Columbia.

Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Golden Predator's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at

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