Golden Predator Mines Inc.
TSX : GP

Golden Predator Mines Inc.

May 14, 2008 16:14 ET

Golden Predator Mines Inc. Announces Early Release of Escrow Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Golden Predator Mines Inc. (TSX:GP) announces that 1,538,125 common shares of the Company owned by principals of the company have been released from escrow. The shares were originally subject to escrow under a modified National Policy 46-201 escrow agreement pursuant to the requirements of the Toronto Stock Exchange, and represent the balance of the shares subject to escrow. Pursuant to the modified escrow agreement, the shares would be released from escrow if the Company's market capitalization reached $100,000,000 based on a volume weighted average trading price of the Company's common shares during the first five days of trading on the Toronto Stock Exchange. The Company and the Exchange have confirmed that the market capitalization exceeded the $100,000,000 threshold and accordingly the shares have been released from escrow.

In addition, the Company has granted 554,000 incentive stock options to its directors, officers and employees at an exercise price of $2.15 per share, and expiring on May 13, 2008. The stock options are subject to vesting as to 25% every six months pursuant to the Company's Stock Option Plan.

Further information on Golden Predator Mines Inc. is available on the SEDAR web site at www.sedar.com and on the company's web site at www.goldenpredator.com, or see below contact information.

This press release is not an offer of securities for sale in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

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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