Golden Predator Mines Inc.

Golden Predator Mines Inc.

September 17, 2008 13:19 ET

Golden Predator to Reduce Costs at Springer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2008) - Golden Predator Mines Inc. (TSX:GP) announces it will undertake a series of cost cutting measures at its Springer tungsten facility in Pershing County, Nevada. Due to events in global financial markets over the past weeks and months, the company has decided to implement a series of cost savings programs which will delay eventual startup of the Springer mill. All permitting activities and many operational readiness programs will continue, which should better prepare the Company for the return of orderly financial markets and the continuation of pre-startup activities.

Golden Predator recognizes the hard work, integrity and professional standards of the Springer work force over the past 21 months and wants to thank those that contributed to advancing Springer this far.

Golden Predator Mines Inc.

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

For more information please see our Website at, or send questions and comments to

Contact Information