Golden Predator Royalty & Development Corp.
TSX VENTURE : GPD

Golden Predator Royalty & Development Corp.

May 26, 2009 12:24 ET

Golden Predator Royalty and Development Corp.: Greater Than 1 oz/t Gold Intercept in Diamond Drilling at the Adelaide Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2009) - Golden Predator Royalty and Development Corp. (TSX VENTURE:GPD) is pleased to announce that assay results have now been received on the final nine holes in the twelve hole diamond drilling program at the Adelaide project, located in southeastern Humboldt County, Nevada. Diamond drilling is being utilized at the project to both offset and confirm high grade vein intercepts in previous RC drilling.

Holes GPAD10 through GPAD12 targeted the northern extensions to the Crown vein in follow-up to RC drill hole GPA027 which contained 9.1 m of 27.4 gm/t (30 ft of 0.799 oz/t) gold from 24.4 m (80 ft) drill depth. Diamond hole GPAD12, a 60 ft offset to the south of GPAD027, returned 6.4 m of 4.19 gm/t (21 ft of 0.122 oz/t) gold including 0.55 m of 36.5 gm/t (1.8 ft of 1.065 oz/t) gold. Drill holes GPAD010 & GPAD011 appear to intercept a fault offset to the Crown vein, which is interpreted to step the northern extension of the vein several hundred feet to the east of current drilling. Geologic modeling of the drill hole results are ongoing and continued work is anticipated to yield additional targets to the north on the Crown Vein.



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Adelaide Project Drill Highlights, Greater than 1 gm/t
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Esti-
mated
Drilled True
Drill Thick- Thick-
Hole FROM TO ness ness Au Ag Au Ag
# ft ft ft ft gm/t gm/t oz/t oz/t
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GPAD04 244 248 4 2.0 2.33 103.80 0.068 3.028
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GPAD04 305 310 5 2.6 4.86 15.00 0.142 0.438
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GPAD05 200 205 5 3.0 1.51 25 0.044 0.729
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GPAD05 330 335.5 5.5 3.3 6.20 42 0.181 1.225
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GPAD06 165 170 5 2.5 1.65 14 0.048 0.408
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GPAD06 175 180 5 2.5 1.90 9 0.055 0.263
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GPAD06 295 300 5 2.5 14.10 7 0.411 0.204
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GPAD06 336.7 349.8 13.1 6.6 4.91 45 0.143 1.304
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including 343.7 345 1.3 0.7 14.95 46 0.436 1.342
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GPAD08 108.8 112 3.2 1.8 1.39 10 0.040 0.292
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GPAD08 345.5 348 2.5 1.4 4.03 88 0.118 2.567
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GPAD09 94.5 136 32.5 16.3 4.59 18.20 0.134 0.531
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including 129 136 7 3.5 11.65 34.00 0.340 0.992
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GPAD09 174 177 3 1.5 1.08 13.00 0.031 0.379
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GPAD12 65 72 7 5.4 2.53 18 0.074 0.517
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GPAD12 104 125 21 16.1 4.19 28 0.122 0.817
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including 104 106 2 1.5 4.12 51 0.120 1.488
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including 106 108 2 1.5 0.42 41 0.012 1.196
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including 108 110.7 2.7 2.1 0.78 15 0.023 0.438
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including 110.7 112.5 1.8 1.4 36.50 87 1.065 2.538
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including 112.5 118.4 5.9 4.5 0.09 22 0.003 0.642
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including 118.4 120.4 2 1.5 0.58 10 0.017 0.292
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including 120.4 121.7 1.3 1.0 0.49 16 0.014 0.467
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including 121.7 125 3.3 2.5 2.63 11 0.077 0.321
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GPAD13 155 157 2 1.0 1.91 362.00 0.056 10.558
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GPAD13 169 173 4 2.0 1.12 202.00 0.033 5.892
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Drill holes GPAD04 through GPAD09, and GPAD13 were targeting 300 ft of strike length on the South Margarite vein. The diamond drilling is follow-up on RC hole GPA019, which contained 7.6 m of 26.8 gm/t (25 ft of 0.78 oz/t) gold, including 4.6 m of 41.8 gm/t (15 ft of 1.22 oz/t) gold. Diamond holes 4, 6 and 8 all encountered greater than 0.1 oz/t gold on strike with the interpreted orientation of the structure associated with the GPA019 intercept. Continuity of the Margarite Vein indicated by the drilling to date is encouraging and the system is open at depth and along strike to the north. There is strong potential to extend the mineralized vein to over 1,000 ft of strike with infill drilling between holes GPAD09 and the previously reported hole GPAD03, which encountered 4.3 m of 15.42 gm/t (14 ft of 0.45 oz/t) gold, including 1.5 m of 31.7 gm/t (5 ft of 0.93 oz/t) gold, reported in the Company's January 6, 2009 news release.

Other gold intercepts at less than 250 ft drill depth in these same holes (GPAD04 to 09, and GPAD13) are part of a sub-parallel zone of veining proximal to the footwall margin of the Adelaide shear zone. Holes GPAD06 and GPAD09 are on the northern end of the Margarite vein drilling located at 80 ft spacing along strike, and show gold values in this shallow stockwork zone increasing to the north. The southernmost diamond hole GPAD13 has a significant increase in silver values, including greater than 10 oz/t silver, indicating a possible gradient to higher silver-gold ratios to the south. The gradients in gold and silver values, combined with lattice blade textures and very fine grained quartz throughout the drilling, suggest we are at a high level in the epithermal system and indicate potential for increasing grades with depth.

The location and history of the Adelaide property is summarized in Golden Predator's July 24, 2008 press release, announcing results of the first nine holes in the RC drilling program. Additional information and a drill hole location map may be viewed on the company's website at www.goldenpredator.com.

Laboratory Analysis and QA/QC

ALS CHEMEX of Reno, NV performed all primary lab analyses. Samples received in the lab were first logged-in and assigned a barcode. The samples were then fine crushed to 70% less than 2 mm then split with a riffle splitter with one split pulverized to 85% less than 75 microns. Gold was analyzed by fire assay and AAS using a nominal 30 gm sample weight. Assay results for gold and silver are reported by the lab in ppm units. In public disclosure, ounce per Imperial ton (oz/t) and gram per metric tonne (gm/t) is used, where 34.285 ppm is equivalent to 1 oz/t and 1 ppm is equivalent to 1 gm/t. For samples exceeding 10 ppm, values were analyzed by fire assay with a gravimetric finish. Silver was analyzed by aqua regia digestion and ICP-AES or AAS. Levels of detection for gold and silver are, 0.005 ppm and 1 ppm, respectively. QA/QC procedures for the diamond drilling include submittal of a combination of blank and referee samples submitted for every twenty samples submitted.

All assay numbers are reported as un-cut and all intercepts reported as drill thickness are not to be interpreted as true thickness unless otherwise indicated. Travis Schwertfeger P.Geo., Exploration Manager, is the Qualified Person as defined under National Instrument 43-101, overseeing Golden Predator's exploration programs and has reviewed Information presented on QA/QC procedures and technical aspects of the drilling results in this press release.

About Golden Predator Royalty & Development Corp.

The Company is focused on becoming a mid-tier precious metals producer in Nevada through the strategic use of its Taylor milling facility near Ely, NV and through a facilities use agreement at the Springer Facility with its sister company, EMC Metals Corp. Golden Predator is moving forward on several of its gold and silver projects in 2009 with the mandate to identify one or more properties for near term production of small-tonnage high grade opportunities. In addition, the company is partially self-financed through its passive royalty stream from a portfolio of properties that are anticipated to yield approximately $1.2 million at current gold prices for 2009.

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.

For more information please see our Website at www.goldenpredator.com, or send questions and comments to info@goldenpredator.com.

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

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