Golden Predator Royalty & Development Corp.

Golden Predator Royalty & Development Corp.

October 23, 2009 11:00 ET

Golden Predator Appoints Mr. John Legg as President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2009) - Golden Predator Royalty & Development Corp. (TSX VENTURE:GPD) (the "Company") is pleased to announce the appointment of John Legg as President and Director and Janet Lee as Vice President, Communications.

John Legg

Mr. Legg has been involved with the Company since May, 2009, serving as the Company's Executive Vice-President. Mr. Legg has 15 years experience with public resource companies: from 1994 through 2006 Mr. Legg was a securities lawyer in private practice, advising companies in natural resources, securities and corporate finance law, and from 2007 to 2009 Mr. Legg was Executive Vice-President of a private mining company operating in Mexico. Mr. Legg also serves as a director of Copper Ridge Explorations Inc. (TSX-V: KRX) and Platoro West Holdings Inc. (CNSX: PWH). Mr. Legg holds a BA from the University of British Columbia and an LLB from Dalhousie Law School.

Janet Lee

Ms. Lee has 20 years experience both in the public and private sectors. Ms. Lee managed Cabinet Policy and Intergovernmental Affairs for three successive governments in the Yukon Territory, Canada, and has also worked with numerous resource companies and aboriginal governments. Most recently Ms. Lee was instrumental in developing and implementing the Yukon Mine Training Association, securing over $10 million for aboriginal training in the Yukon and Northern British Columbia. Ms. Lee holds a BA in economics from Queen's University in Kingston, Ontario.

Robert Eadie has resigned as president & director of the Company to focus on other business interests. Mr. Eadie will remain involved with the Company as a member of the Advisory Board.

About Golden Predator Royalty & Development Corp.

Golden Predator's corporate mandate is to establish a self-funded precious metals exploration company with an immediate focus on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt, where the Company is aggressively exploring its Gold (Scheelite) Dome, Antimony Mountain and Brewery Creek Projects. Brewery Creek, a former producer, hosts an indicated resource of 3.98 million tonnes grading 1.135 gpt Au (145,000 ozs) and an inferred resource of 2.2 million tonnes grading 2.01 gpt Au (143,000 ozs) using a cutoff grade of 0.5 gpt Au (Simpson, 2009). The Company's Yukon operations are supported by four divisions:

The Royalty Division partially self-finances the Company's exploration activities through its passive royalty stream. The Company owns royalties on 29 properties including a portion of Barrick's Bald Mountain Mine, Midway Gold's Pan Deposit, significant portions of US Gold's Tonkin Springs Deposit and Evolving Gold's Rattlesnake Project.

The Advanced Assets Division includes the Taylor Mine and Mill which hosts a measured resource of 1.2 million tons grading 2.5 ounces per ton silver and an indicated resource of 5.2 million tons grading 2.27 opt silver, for a total of 14.9 million ounces of contained silver at a 1.2 opt cut-off grade (Hester, 2009), as well as the Company's Alkalic Gold program in Wyoming and the Lewis-Phoenix and Bonterra joint ventures.

The Nevada Division is drilling a number of its properties with bonanza-style gold mineralization, including Angel's Camp, Adelaide and Golden Ridge to identify one or more properties for near term production of small-tonnage high grade ores. The Company intends, through its strategic use of modular mills at its Taylor and Humboldt mill sites, to become a mid-tier precious metals producer.

The Non-Core Assets Division is responsible for disposing of the numerous non-core properties which the Company acquired through historic M&A activities for cash, stock and retained royalties.

Golden Predator's experienced management is supported by a talented pool of exploration geologists, as well as metallurgists, permitting specialists and operations personnel dedicated to small mine development.

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.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Golden Predator Royalty & Development Corp.
    William Sheriff
    Chairman & CEO
    (604) 648-GOLD
    Golden Predator Royalty & Development Corp.
    John Legg
    (604) 648-4653