Golden Predator Mines Inc.

Golden Predator Mines Inc.

June 24, 2008 12:37 ET

Golden Predator Announces $5 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Golden Predator Mines Inc. (TSX:GP) is pleased to announce that it has negotiated a non-brokered private placement of 2,500,000 shares of Golden Predator at a price of $2.00 per share for proceeds of $5 million. The proceeds of this private placement will be used for working capital purposes. In connection with the private placement the company will pay a finders fee of $250,000 to Peninsula Merchant Syndications Corp. Closing of the private placement is subject to the acceptance of the Toronto Stock Exchange.

Further information on Golden Predator Mines Inc. is available on the SEDAR web site at and on the company's web site at

This press release does not constitute an offer of securities in the United States. The securities referenced herein have not been and will not be registered under any federal or state securities law of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

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