Golden Predator Mines Inc.
TSX : GP

Golden Predator Mines Inc.

May 13, 2008 15:07 ET

Golden Predator Concludes First Ever Sale of Tungsten Concentrate From Springer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - Golden Predator Mines Inc. (TSX:GP) is pleased to report it has received a payment of $296,000 for synthetic scheelite concentrates sold to Kennametal Inc. and delivered to their tungsten refinery in Fallon, NV. The price received for this product was negotiated with Kennametal and represented a premium to the spot price of synthetic scheelite.

Kennametal employs approximately 14,000 people throughout the world and has $2.4 billion in annual sales revenue. It is a leading global manufacturer, marketer and distributer of a broad range of cutting tools, wear-resistant parts, tooling systems and supplies.

The synthetic scheelite sold to Kennametal was produced by GE in 1982 as a by product of molybdenum precipitation and removal from their production circuit. The synthetic scheelite produced by GE contains 77.8% WO3 and is considered a high-quality product by modern standards. GE built and operated Springer as a captive supply of ammonium paratungsate (APT) for use in the manufacture of light bulb filaments. Current work by Golden Predator to rehabilitate the Springer mill will result in increased capacity to produce this synthetic scheelite as well as APT to maximize product flexibility and client diversity.

Golden Predator is a gold and tungsten mining company focused on mineral development in Nevada and surrounding states. The company intends to augment its dominant position in the domestic tungsten business through high grade gold development and production. Its current principal project is the Springer Facility, a 1,000 ton per day mine and mill complex built by the General Electric Company between 1979 and 1982. While it had a 13-year mine life at time of construction, GE only operated the facility for eight months when it ceased production in 1982 and placed Springer on care and maintenance due to falling tungsten prices. Golden Predator is in the process of re-commissioning the mill, which will be operational by the end of this year when it will be the only operational tungsten mill in the United States.

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.

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