Golden Predator Royalty & Development Corp.
TSX VENTURE : GPD

Golden Predator Royalty & Development Corp.

May 14, 2009 10:00 ET

Golden Predator Announces 2009 Exploration Program for Golden Ridge Project in the High Grade Gold District of Far Northeastern California

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) - Golden Predator Royalty and Development Corp. (TSX VENTURE:GPD) is pleased to announce its 2009 exploration program for the Golden Ridge Project, located in the High Grade gold district, in Modoc County CA. Golden Predator has consolidated the largest land position in the High Grade district ever held by a single gold exploration company. Anomalous gold covers an area over three miles in length and one mile wide which contains over 14 historic mines in the district. Golden Predator is commencing a 5,000 ft reverse circulation drilling program that will make the first drill tests on several outcropping quartz-adularia veins, including the Sunshine vein, Modoc vein, and Klondyke vein targets. The Golden Ridge project represents a district-scale discovery opportunity with the potential for several underground mineable bonanza-grade gold deposits.

The 2009 drilling campaign will utilize mapping and surface sampling acquired in the Company's 2008 exploration program as part of an ongoing Ph.D. thesis project sponsored by Golden Predator through the University of El Paso, Texas (UTEP). This new data, integrated with an extensive historical database of surface sampling, drilling, and geophysical work compiled by the Company, has been utilized to generate multiple targets in the district.

Previously, smaller portions of the High Grade district have been explored by several companies, including Newmont, Golden Phoenix, Cambior, and FMC Gold. The majority of the drilling in the district has been focused on the Ruby Ridge and Alturas prospects, which are areas of very high level, silica cap style, disseminated gold mineralization targeted for bulk mineable, open pit mining. In 2000, Newmont Gold Corp. was the first company to specifically target the bonanza style quartz-adularia veins with a 3-hole drill program. The quartz-adularia (bonanza-style) veins are at a deeper level in the epithermal mineralization system and the areas previously drilled for bulk mineable targets are very prospective for high grade, bonanza style gold veins at depth. This deeper level bonanza style gold mineralization has been brought closer to the surface by tilting of the stratigraphic column and exposed by erosion in the northern portion of the district where Golden Predator's land package allows this area to be explored for the first time at a district scale. Drilling will initially focus on these shallow, high grade quartz adularia veins, making some of the first drill tests in this area.

Additional information, including the February 9, 2009 press release with assay values for best surface rock chip samples, and historical resource estimates, can be found on our website at www.goldenpredator.com.

Travis Schwertfeger P.Geo., Exploration Manager for Golden Predator Mines U.S. Inc., is the Qualified Person as defined under National Instrument 43-101, overseeing Golden Predator's exploration programs and has reviewed Information presented on technical aspects in this press release.

About Golden Predator

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 at current gold prices for 2009.

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 www.sedar.com.

For more information please see our Website at www.goldenpredator.com, or send questions and comments to info@goldenpredator.com.

Contact Information