Golden Predator Mines Inc.
TSX : GP

Golden Predator Mines Inc.

May 12, 2008 15:51 ET

Golden Predator Intersects Gold Mineralization at Its Modoc Property in the Battle Mountain District of Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - Golden Predator Mines Inc. (TSX:GP) is pleased to report it has intersected gold-bearing quartz stockwork mineralization including 70 ft of 0.86 ppm (0.025 opt) Au from 485 ft depth, including 20 ft of 2.6 ppm (0.076 opt) Au in drill hole NMD-001 at its Modoc Property in the Battle Mt. mining district of Lander Co., NV.

Five reverse circulation drill holes, totaling 5,140 feet, were drilled as offsets to gold mineralization intersected by previous operators in the Modoc project area located immediately adjacent to Newmont's Phoenix-Fortitude project area.

Work to date, including 12,000 feet of drilling from previous operators, outlines a 1,500 ft x 300 ft zone of mineralization following an ENE trend along the northern and northwest margin of an intrusion, and is open in all directions.

The zone described above is drill tested for approximately 1,500 of the strike length, with the identified zone going under alluvial cover to the west and has potential to be extended to the east as indicated by several +0.5 ppm surface rock chips. In addition to the assay intervals stated above, the best interval from historic drilling returned 180 ft of 0.31 ppm (0.009 opt) Au from 250' depth in drill hole MO-1. The single highest grade assay from drilling on the property is 5.95 ppm Au over 5 ft from 450' depth in hole NMD_001. Assay results from drilling by Golden Predator that are greater than 1 ppm are summarized as followed:




FROM TO Gold
Drill Hole # ft ft PPM

NMD_001 70 75 1.050
NMD_001 75 80 2.220
NMD_001 80 85 3.000
NMD_001 150 155 3.290
NMD_001 155 160 5.090
NMD_001 215 220 1.590
NMD_001 450 455 5.950
NMD_001 490 495 1.025
NMD_001 525 530 1.045
NMD_001 530 535 2.190
NMD_001 535 540 1.905
NMD_001 540 545 1.400
NMD_001 680 685 1.230
NMD_001 1075 1080 1.070
NMD_001 1240 1245 1.245
NMD_001 1245 1250 1.320

NMD_003 275 280 1.055
NMD_003 350 355 1.165
NMD_003 780 785 4.590
NMD_003 795 800 3.910

NMD_004 645 650 1.325

NMD_005 605 610 4.470


Assaying is performed at ALS Chemex Laboratories of Reno, NV. Samples received by the lab are crushed to 70% less than 2 mm. A sample split is then taken and pulverized to 85% less than 75 microns. Au is then analyzed by fire assay with an AAS finish using a nominal 30 g sample weight.

The relationship of the above assay intervals to true thickness is uncertain at present. This is due to limited drilling in this area and the complexity of the quartz stockwork distribution.

Quality Assurance/Quality Control

The QA/QC protocol for the Modoc drilling consists of incorporating a combination of Standardized Reference Material and field duplicates. In total, 20 Standards and 84 duplicates were submitted for analysis amongst 4 sample shipments. Three standard reference materials were used in the drilling program from CDN Laboratories in Vancouver, British Columbia. All standards were returned within recommended limits.

Golden Predator is a gold and tungsten mining company focused on mineral development in Nevada and surrounding states. Its current principal project is the Springer Facility, a 1,000 ton per day mine and mill complex built by the General Electric Company in the late 1970's-early 1980's. 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.

The Modoc Property consists of 120 unpatented lode mining claims covering approximately 2400 acres in the historic Battle Mountain Mining District of Lander County, NV. Golden Predator owns all but 12 of these claims which are owned 66.66% by Gale Peak Resources and 33.33% by Great American Minerals (GAM), a wholly-owned subsidiary of Golden Predator. These 12 claims are subject to a Lease & Option to Purchase Agreement.

Golden Predator is preparing an exploration plan at Modoc and will seek a partner or an outright sale of this asset as it is considered a non-core project for the company.

All drill assay information presented in this news release was reviewed and approved for disclosure by Art Ettlinger, Ph.D., P.Geo. the COO of the company and a Qualified Person as defined under National Instrument 43-101.

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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