Golden Predator

Golden Predator, V.GPY, gold, Yukon, Bill SheriffGolden Predator Mining Corp. is a well-funded exploration company focused on advancing the 3 Aces Project in Canada’s Yukon.

With experienced management and a strong shareholder base, the Company is well positioned for stable development. Our focus is on the potential for discovery and definition of gold mineralization at the 3 Aces Project.

3 Aces Project: A high grade orogenic vein system that hosts the two highest grade surface outcrops discovered to date in the Yukon. With high grade native gold bearing quartz veins at surface and an expansive land package, the project offers district scale potential.

The primary focus at 3 Aces is to identify and define the distribution and grade of gold in the known veins and to discover additional high-grade veins.

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Golden Predator Mining Corp Announces Increase to Marketed Offering And Files Amended And Restated Short Form Prospectus

Golden Predator Mining Corp. (TSXV:GPY) (“Golden Predator” or the “Company”) announces that due to strong demand it has agreed with Clarus Securities Inc. (“Clarus”) to increase the previously announced (GP NR dated April 21, 2020) marketed offering from 10,000,000 units (“Units”) to 11,200,000 Units (the “Offering”).  The offering price of C$0.25 per Unit remains unchanged.  The Company has filed an amended and restated preliminary short form prospectus, which amends and restates the preliminary short form prospectus filed on April 20, 2019.

Each Unit consists of one Class A common share (a “Common Share”) of the Company and one-half of one Common Share purchase warrant, with each whole warrant (a “Warrant”) exercisable for one Common Share at an exercise price of C$0.35 for 36 months following the completion of the Offering.  Warrants are subject to acceleration of the expiry date to 30 calendar days upon notice provided to the warrant-holder by the Company in the event that the volume weighted average price of the Common Shares is equal to or higher than C$0.75 for a period of 5 consecutive trading days on the TSX Venture Exchange or other Canadian stock exchange on which the Common Shares are principally traded.

The Offering will be conducted on a best efforts agency basis under the terms of an agency agreement to be entered into between the Company and Clarus Securities Inc. (the “Agent”).  On closing of the Offering the Company has agreed to pay the Agent a cash fee equal to 7.0% of the gross proceeds of the Offering. The Offering will be conducted in the provinces of British Columbia, Alberta, and Ontario, and in such other jurisdictions as are agreed to by the Company and the Agent.

PowerOne Capital Markets Limited has been appointed as special advisor to the Company.

The net proceeds raised from the sale of the Units under the Offering will be used by the Company for the completion of a feasibility level study to determine the parameters for heap leach reprocessing at the Company’s Brewery Creek Property, metallurgical column and geotechnical testing, preparation of an updated mineral resource estimate for the Brewery Creek Property, and for working capital and general corporate purposes.

The Offering is expected to close on or about May 12, 2020 and is subject to certain conditions including, but not limited to the receipt of regulatory approvals and the approval of the TSX Venture Exchange.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

ABOUT GOLDEN PREDATOR MINING CORP.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and both a technical report and  feasibility level study underway considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For further information:

Janet Lee-Sheriff
Chief Executive Officer
604-260-0289
info@goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  The closing of the Offering could be delayed if the Company is not able to obtain the necessary regulatory and stock exchange approvals or some other condition to the closing is not satisfied.  There is a risk that the Offering will not be completely sold, completed within the anticipated time or at all.  Additional information on these and other factors that could affect the Company’s planned operations and results are included in the Preliminary Prospectus, including the documents incorporated by reference therein, and reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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Golden Predator Mining Corp. Announces Proposed Marketed Financing

VANCOUVER, British Columbia, April 21, 2020 (GLOBE NEWSWIRE) — Golden Predator Mining Corp. (TSXV:GPY) (“Golden Predator” or the “Company”) announces that it has filed a preliminary short form prospectus (the “Prospectus”) with respect to a marketed offering (the “Offering”) of 10,000,000 units (“Units”) at a price of C$0.25 per Unit (the “Issue Price”).  Each Unit consists of one Class A common share (a “Common Share”) of the Company and one-half of one Common Share purchase warrant, with each whole warrant (a “Warrant”) exercisable for one Common Share at an exercise price of C$0.35 for 36 months following the completion of the Offering.  Warrants are subject to acceleration of the expiry date to 30 calendar days upon notice provided to the warrant-holder by the Company in the event that the volume weighted average price of the Common Shares is equal to or higher than $0.75 for a period of 5 consecutive trading days on the TSX Venture Exchange or other Canadian stock exchange on which the Common Shares are principally traded.

The Offering will be conducted on a best efforts agency basis under the terms of an agency agreement to be entered into between the Company and Clarus Securities Inc. (the “Agent”).  On closing of the Offering the Company has agreed to pay the Agent a cash fee equal to 7.0% of the gross proceeds of the Offering. The Offering will be conducted in the provinces of  British Columbia, Alberta, and Ontario, and in such other jurisdictions as are agreed to by the Company and the Agent.

PowerOne Capital Markets Limited has been appointed as special advisor to the Company.

The net proceeds raised from the sale of the Units under the Offering will be used by the Company for the completion of a feasibility level study to determine the parameters for heap leach reprocessing at the Company’s Brewery Creek Property, metallurgical column and geotechnical testing, preparation of an updated mineral resource estimate for the Brewery Creek Property, and for working capital and general corporate purposes.

The Offering is expected to close on or about May 12, 2020 and is subject to certain conditions including, but not limited to the receipt of regulatory approvals and the approval of the TSX Venture Exchange.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

ABOUT GOLDEN PREDATOR MINING CORP.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and both a technical report and  feasibility level study underway considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For further information:

Janet Lee-Sheriff
Chief Executive Officer
604-260-0289
info@goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  The closing of the Offering could be delayed if the Company is not able to obtain the necessary regulatory and stock exchange approvals or some other condition to the closing is not satisfied.  There is a risk that the Offering will not be completely sold, completed within the anticipated time or at all.  Additional information on these and other factors that could affect the Company’s planned operations and results are included in the Preliminary Prospectus, including the documents incorporated by reference therein, and reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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Further Drilling Extends Oxide Gold Mineralization to 3.5 km of Strike at Golden Predator’s Brewery Creek Mine

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports that all of the final 15 holes in its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project encountered significant gold grades. The drilling successfully tested an additional 1,000 m of the Reserve Trend for both near surface oxide mineralization and the continuation of mineralization down dip within structural zones below the historically mined pits. The holes released today also confirm additional high-grade mineralization in the eastern portion of the Lucky resource area.

 Highlights of the Lucky Zone 2019 drill program include:

  • These intercepts now extend mineralization over a 3.5 km strike length through the Fosters, Kokanee, Golden and Lucky resources areas. The current data indicates that gold mineralization is continuous between the four resource areas and this trend remains open for resource expansion along strike and at depth along the entire Reserve Trend.
  • Drill highlights include:
    –  1.5 m of 15.0 g/t gold from a depth of 57.9 m in hole RC19-2655;
    –  15.2 m of 3.3 g/t gold from a depth of 1.5 m in hole RC19-2552;
    –  12.2 m of 2.1 g/t gold from a depth of 19.8 m in hole RC19-2555.

To view Brewery Creek maps: http://www.goldenpredator.com/_resources/news/GPY-Brewery-Creek-NR-April-15-2020.pdf

Golden Predator CEO Janet Lee-Sheriff noted: “These final results of the Brewery Creek 2019 drill program confirm continuous oxide gold mineralization along a 3.5 km segment of the 9km long Reserve Trend extending from the western edge of Fosters along strike to the east through the Lucky Zone. Future drilling will concentrate on establishing continuous mineralization along the remaining 5.5 km of the Reserve Trend attempting to link up other mineralized resource areas between Big Rocks and Camp to the west and Schooner to the east. The Reserve Trend represents one of three known mineral trends on the Brewery Creek project site but we have made a clear decision to focus our efforts solely on the licensed area where we are planning for a restart of mining activities.”

2019 Significant Results from the Lucky Zone

The 15 drill holes reported in this release totaled 1,826 m drilled; all 15 drill holes reported encountered significant gold grades with a high of 15.0 g/t gold over 1.5 m in drill hole RC19-2655 at a depth of 57.9 m. Highlighted composite drill intercepts include 3.3 g/t gold over 15.4 m from a depth of 1.5 m in drill hole RC19-2552, 2.1 g/t gold over 12.2 m from a depth of 19.8 m in drill hole RC19-2555, 8.2 g/t gold over 6.1 m from a depth of 54.9 m in drill hole RC19-2655, 2.9 g/t gold over 4.57 m from a depth of 4.6 m in drill hole RC19-2672 and 0.7 g/t gold over 21.3 m at a depth of 67.1 in drill hole RC19-2656.

Intercepts in drill holes RC19-2552, RC19-2555, RC19-2655, RC19-2656 and RC19-2672 define the continuation of significant mineralization below the historic Lucky pit. Intercepts in RC19-2552, RC19-2555, RC19-2655 and RC19-2672 define a 330 degree trending, high angle structural zone with significant high-grade gold mineralization.

Intercepts in drill holes RC19-2555 and RC19-2656 are not in the current resource model while intercepts in drill holes RC19-2552, RC19-2655 and RC19-2672 are within the current model and confirm grade and continuity of modeled mineralization; these intercepts remain open at depth. Today’s results build on previously announced (GPY News Release NR19-19, November 4, 2019) high-grade drill intercepts from the Lucky Zone of 9.3 g/t gold over 6.1 m at a depth of 32.0 m in drill hole RC19-2554 and 5.2 g/t gold over 10.7m from surface in drill hole RC19-2553.

2019 Brewery Creek Exploration Program

The 2019 Brewery Creek drill program focused on extending mineralized structures along the Reserve Trend in areas with little historic drilling. Mineralized structural trends were also extended down dip from previously mined zones. A total of 15,623 m of drilling was completed in 137 drill holes into five separate zones including the Camp, Fosters, Kokanee, Golden and Lucky Zones. With this release, results from all 137 drill holes have now been announced. Gold mineralization in the Reserve Trend is hosted in mid-Cretaceous age monzonitic intrusions over a +9 km strike length in the project area. The intrusive rocks were emplaced into the regionally extensive mid Mesozoic Robert Service Thrust Fault.

To view the Lucky Zone drill results: http://www.goldenpredator.com/_resources/Lucky_Drill_Results_April.pdf

Brewery Creek 43-101 Technical Report

The Company filed the updated NI 43-101 Technical Report for the Brewery Creek project prepared by Gustavson & Associates, with an effective date of October 1, 2019, on SEDAR on January 23, 2020. The 2019 drill program results are not included in the report as they were not available at the time of the estimation, an updated NI 43-101 technical report is underway to include the additional drilling.

Sampling Methodology, Quality Control and Assurance

Analyses for drill samples were performed by SGS Canada, Inc., ALS Canada and Bureau Veritas, Canada with sample preparation in Whitehorse, YT and assaying in Burnaby, North Vancouver and Vancouver, BC respectively. Drill samples were analyzed for gold using a 30 gram fire assay with atomic absorption finish (SGS-GO FAA30V10 method, ALS-Au AA-25 method and BV-FA430 method). Quality controls standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

BREWERY CREEK PROJECT OVERVIEW

Heap Leach Reprocessing Study: Phase 1

Kappes Cassiday is currently conducting a feasibility level study to determine the parameters for the phase 1 plan to reprocess and recover gold from material on the heap leach pad. The study will include detailed analysis of all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing plant, ADR plant, and assay lab. The study will estimate all projected capital and operating costs, production levels and will estimate projected economic returns. The study is focusing on remediating and reprocessing the heap leach pad as a means of fast-tracking re-development of the site. The study will include a project implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of this feasibility level study demonstrating positive technical and economic viability.

Brewery Creek Mine: Production History

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price below $300 US per troy ounce. Golden Predator’s team commenced work on the project starting in 2009. Brewery Creek is authorized to restart mining activities as defined in their Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent economic study. In 2020 the Company will begin work with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining to include new discoveries and mining activities contemplated for an expansion of mining beyond the existing license.

The 180 km2 property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

Brewery Creek Mine: Resources

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces. In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update. The resource incorporates drill results through 2014. There are 200 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website. The updated report replaces the technical report dated November 19, 2014.

Brewery Creek Mine: Licenses, Permits and NI 43-101 Disclosure

The Company has a Socio-Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities as permitted under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company. Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon. The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

 

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Golden Predator To Sell 100% of the 3 Aces Project to Seabridge Gold For $4MM+ and Royalty and Contingent Payments

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announced today that it has entered into an agreement with Seabridge Gold Corp. for the sale of a 100% interest in the 3 Aces gold project located in Canada’s Yukon, for 300,000 Seabridge common shares, contingent future cash payments totaling $2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces gold project.  The arrangement includes an immediate cash payment to Golden Predator of $263,000 for reimbursement of previously incurred expenses.  Closing of the transaction is subject to completion of due diligence by Seabridge and the approval of the applicable stock exchanges.

“This non-dilutive transaction strengthens our balance sheet and allows the Company to focus entirely on our advanced   permitted Brewery Creek Mine. In the past year, we have seen an impressive growth in the gold resource at Brewery Creek as recently defined in a 2019 NI 43-101 report which incorporated drilling data through 2014. This impressive growth trend has continued with the successful 2019 drill program of 177 step-out and infill holes which expanded gold mineralization down dip and along strike, thereby connecting a number of resource areas originally thought to be separate and discrete into one much larger resource with further expansion potential.  A new resource estimate incorporating more than 212 holes not included in the 2019 resource is underway along with a feasibility study for reprocessing the existing heap leach material mined and partially processed by Viceroy, the original operator,” said Janet Lee-Sheriff, Golden Predator’s Chief Executive Officer.

Janet Lee-Sheriff added, “In addition to being able to focus entirely on returning our Brewery Creek Mine to an early production decision, we look forward to being a shareholder in Seabridge Gold, whose KSM asset contains NI 43-101 Measured and Indicated resources of 49.7 million ounces of gold plus 13.9 billion pounds of copper (at 0.52 grams per tonne gold and 0.21% copper) and an additional 56.3 million ounces of gold plus 32.0 billion pounds of copper (at 0.38 grams per tonne gold and 0.32% copper) in the Inferred category, making it one of the world’s largest undeveloped gold/copper resources.   In addition, Seabridge owns the Courageous Lake deposit with Measured and Indicated Resources of 8 million ounces of gold grading over 2 g/t plus an additional 3.9 million ounces of gold in the Inferred category, also above 2 g/t gold.  With this world class gold endowment in a rising gold market, we believe the shares have excellent upside potential.  Our involvement with 3 Aces will continue as a royalty holder and we look forward to assisting Seabridge in the transition to their team.”

In addition to the Seabridge shares and grant of royalty, the acquisition agreement provides for additional payments to Golden Predator of $1 million upon confirmation of a mineral resource of 2.5 million ounces of gold on the 3 Aces property, and a further $1.25 million upon confirmation of an aggregate mineral resource of 5 million ounces of gold.

The agreement excludes Golden Predator’s 50 tpd cyanide-free test processing plant, its SRU (Secondary Recovery Unit), stockpiles of unprocessed gold-bearing material and the proprietary research into cyanide-free gold extraction now being developed by Golden Predator in partnership with Group 11 Technologies Corp. Golden Predator also retains the Yukon Mint Corp. whose award-winning coinage uses gold recovered from test mining at 3 Aces.

About Seabridge Gold Corp.

Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s current mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

Brewery Creek Mine

Golden Predator conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the gold resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 212 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. The Brewery Creek Mine project has established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the sale of 3 Aces will complete as described herein, that the Brewery Creek will advance through  feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Drill Results Continue to Extend Oxide Mineralization to 3.1 km Along Strike at Brewery Creek Mine; Including 36 m of 1.7 g/t at Lucky Zone

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports continuing positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon.  Step-out drill holes at the Lucky Zone along Brewery Creek’s prolific Reserve Trend extended gold mineralization an additional 100 m of strike length to the southwest of the historic Lucky Pit. Nineteen of the 20 drill holes reported today encountered significant gold grades. The holes released today also confirm the down dip continuation of mineralization below the historic Lucky pit and the known resource area.

Highlights of the Lucky Zone 2019 drill program include:

  • 2019 drill results to date have confirmed continuous gold mineralization over a 3.1 km strike length along the Reserve Trend.  Modelling indicates that the previously separate Lucky, Fosters, Kokanee and Golden resource areas have coalesced into a single continuous mineralized zone.
  • Drill highlights include:
    • 36.6 m of 1.73 g/t Gold from a depth of 45.7 m in hole RC19-2673
    • 13.7 m of 1.12 g/t Gold from a depth of 62.5 m in hole RC19-2674

The final 15 Lucky Zone drill hole results from the 2019 program are currently being processed and will be released as they become available.

To view Brewery Creek maps: http://www.goldenpredator.com/_resources/news/NR20-08_Lucky_Drill_Results_2020_Maps.pdf

Golden Predator CEO Janet Lee-Sheriff noted, “We continue to see previous small pits coalescing into larger continuous mineralization across the Reserve Trend. These observations are making Brewery Creek a larger and much more attractive project than previously envisioned. Our ongoing work to complete the restart feasibility study in April 2020 is also beginning to consider a much larger project going forward. A new resource estimate is also scheduled for the second quarter of 2020 to incorporate the drill data from the successful 2019 program.”

2019 Significant Results from the Lucky Zone

The 20 drill holes reported in this release totaled 2,829 m drilled. Intercepts in drill holes RC19-2550, RC19-2587, RC19-2650 and RC19-2661 define the continuation of significant mineralization along strike to the west of the historic Lucky pit for an additional 100 meters.  Intercepts in RC19-2673 and RC19-2674 define the continuation of significant mineralization down dip below the historic Lucky pit and these intercepts remain open at depth. Intercepts in drill holes RC19-2587, RC19-2650 and RC19-2661 are not in the current resource model while intercepts in drill holes RC19-2550, RC19-2673 and RC19-2674 are within the current model and confirm block grades and continuity of the resource that remains open at depth. These intercepts now extend mineralization over a 3.1 km strike length through the Fosters, Kokanee, Golden and Lucky resources areas.  The current data indicates the four resource areas now represent a single continuously mineralized gold zone.

Nineteen of the 20 drill holes reported encountered significant gold grades with a high of 14.7 g/t Gold over 1.5 m in drill hole RC19-2673 at a depth of 48.7 meters. Highlighted composite drill intercepts include 2.4 g/t Gold over 10.7 m from a depth of 76.2 m in drill hole RC19-2550, 4.6 g/t Gold over 3.5 m from a depth of 103.6 m in drill hole RC19-2587, 2.6 g/t Au over 3.1 m from a depth of 41.2 m in drill hole RC19-2650, 0.9 g/t Au over 16.8 m from a depth of 62.5 m in drill hole RC19-2661, 1.7 g/t Gold over 36.9 m from a depth of 45.7 m in drill hole RC19-2673 and 1.1 g/t Gold over 13.7 m at a depth of 62.3 in drill hole RC19-2674.

Gold mineralization in the Lucky resource area is localized in two sub-parallel zones developed near the upper and lower contact of a monzonite intrusive complex.

To view the Lucky Zone drill results: http://www.goldenpredator.com/_resources/maps/brewery-creek/Lucky%20Drill%20Results.pdf

2019 Brewery Creek Exploration Program

The 2019 Brewery Creek drill program focused on extending mineralized structures along the Reserve Trend in areas with little historic drilling. Mineralized structural trends were also extended down dip from previously mined zones. A total of 15,623 m of drilling was completed in 137 drill holes into five separate zones including the Camp, Fosters, Kokanee, Golden and Lucky Zones. With this release, results from 122 drill holes have now been announced. Gold mineralization in the Reserve Trend is hosted in mid-Cretaceous age monzonite intrusions over a +9 km strike length in the project area. The intrusive rocks were emplaced into the regionally extensive mid Mesozoic Robert Service Thrust Fault.

Brewery Creek 43-101 Technical Report

The Company filed the updated NI 43-101 Technical Report for the Brewery Creek project prepared by Gustavson & Associates, with an effective date of October 1, 2019, on SEDAR on January 23, 2020.  The 2019 drill program results are not included in the report as they were not available at the time of the estimation, an updated NI 43-101 technical report is underway to include the additional drilling.

Sampling Methodology, Quality Control and Assurance

Analyses for drill samples were performed by SGS Canada, Inc., ALS Canada and Bureau Veritas, Canada with sample preparation in Whitehorse, YT and assaying in Burnaby, North Vancouver and Vancouver, BC respectively.  Drill samples were analyzed for gold using a 30 gram fire assay with atomic absorption finish (SGS-GO FAA30V10 method, ALS-Au AA-25 method and BV-FA430 method).  Quality controls standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

BREWERY CREEK PROJECT OVERVIEW

Heap Leach Reprocessing Study: Phase 1

Kappes Cassiday is currently conducting a feasibility level study to determine the parameters for the phase 1 plan to reprocess and recover gold from material on the heap leach pad.  The study will include detailed analysis of all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing plant, ADR plant, and assay lab. The study will estimate all projected capital and operating costs, production levels and will estimate projected economic returns.  The study is focusing on remediating and reprocessing the heap leach pad as a means of fast-tracking re-development of the site.  The study will include a project implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of this feasibility level study demonstrating positive technical and economic viability.

Brewery Creek Mine: Production History

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price below $300 US per troy ounce. Golden Predator’s team commenced work on the project starting in 2009.  Brewery Creek is authorized to restart mining activities as defined in their Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent economic study.  In 2020 the Company will begin work with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining to include new discoveries and mining activities contemplated for an expansion of mining beyond the existing license.

The 180 km2 property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

Brewery Creek Mine: Resources

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 200 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

Brewery Creek Mine: Licenses, Permits and NI 43-101 Disclosure

The Company has a Socio-Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities as permitted under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Announces Commercial Launch of New Green Extraction Technology for Gold

Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company“) announced today that the Company has signed an Letter of Intent (“LOI”) with EnviroLeach Technologies Inc. (CSE: ETI) OTCQB: EVLLF) and enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) to establish Group 11 Technologies Inc (“Group 11”), a US-based technology firm focused primarily on non-invasive extraction technology utilizing environmentally-friendly liquids to recover gold and other metals.

Group 11’s new proprietary process has been tested on high grade concentrates and is now ready for market and testing on further applications, providing the mining industry for the first time with a commercially viable, sustainable alternative to standard cyanide processes and conventional mining practices which often face community opposition and require slow-moving and expensive regulatory compliance.

About Group 11 Technologies Inc.
Sustainable metals extraction has become a serious challenge for the mining industry which faces growing concerns over its carbon footprint, energy consumption, operational safety and especially its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Each Group 11 owner makes an important contribution to this business opportunity. EnviroLeach Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) has developed an economically viable proprietary water-based leach technology. Encore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) has pioneered proprietary expertise in in-situ metal recovery that opens a remarkably large opportunity for recovering metals from deposits without the environmental disturbance of both open pit and underground mining. Golden Predator Mining Corp. (TSXV:GPY) (OTCQB:NTGSF) has spearheaded and successfully tested the application of EnviroLeach technology to the recovery of gold from sulfide concentrates where cyanide is not feasible or permitted, using its proprietary mobile recovery unit. To learn more about Group 11, please visit www.gr11tech.com.

Janet Lee-Sheriff, Chief Executive Office said: “We are extremely proud of the fact that our processing plant’s batch processing unit (SRU) has successfully completed the world’s first on-site test of the EnviroLeach cyanide-free metals recovery process. We have demonstrated that their process and our mobile plant can economically recover gold from sulfide concentrates, which is a valuable business opportunity,” she noted.

“Group 11 will also offer in-situ mining technology using the EnviroLeach recovery process. Mining needs to become less invasive and more sustainable. Group 11 is our response, using a unique combination of proven, proprietary knowledge to lessen the industry’s footprint without any sacrifice of efficiency. With Group 11, we will spin out our technological developments into a private company with experts in non-invasive mining and environmentally-friendly solutions. This combination ensures that an outstanding opportunity is advanced while we continue to focus our resources on the restart of the Brewery Creek Mine. We intend to be disruptors in our industry,” said Lee-Sheriff.

Duane Nelson, President, and CEO of EnviroLeach commented: “I am very excited that we will continue to advance the application of our formulas for the in-situ recovery of gold and other metals. This application has the potential to change the way the world mines. It has the potential to unlock the value of deposits in environmentally sensitive areas and it could also provide a viable solution for thousands of smaller deposits worldwide that don’t justify the CAPEX of current conventional mining methods.”

Background on Non-Invasive Extraction Technology
Non-invasive extraction of minerals was developed by the team now at enCore, one of the Group 11 partners. They pioneered In-situ Recovery (“ISR”) which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally-friendly liquids along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.

In-Situ Recovery (meaning ‘in place’) is a non-invasive extraction method that has transformed the uranium industry. In ISR, solvent-like fluids are circulated underground and returned to surface for further processing and recovery of the minerals. ISR means no open pits or underground tunnels, no tailings or large waste dumps and no discharge of noxious chemical at surface. It therefore has the potential to be a low-impact, low capital cost mining method. At the end of mine life, when many projects are burdened by remediation and rehabilitation requirements, ISR means substantially reduced mine-closure costs compared to conventional practices. In addition, energy requirements, water needs and the greenhouse gas footprint of mining projects can be significantly reduced using ISR technology.

Under the terms of the LOI, enCore and EnviroLeach will be the largest shareholders of Group 11 with an initial stake of 40% each. EnCore will provide $750,000 in funding and EnviroLeach will provide for the exclusive use of its non-invasive extraction technology. Golden Predator will own an initial 20% interest and contribute mobile processing equipment and expertise in utilizing EnviroLeach’s environmentally friendly solution for recovery of gold from sulphide concentrates, as demonstrated by the successful test work at GPY’s 3 Aces Project. Upon completion of a definitive agreement, Group 11 will fund all ongoing research and development expenditures for in-situ and secondary recovery applications. Completion of a definitive agreement is subject to a number of conditions including but not limited to final term negotiations, licensing agreements and regulatory approvals.

Group 11 is backed by: a first-class staff of scientists and engineers; an extraordinary data set including tens of thousands of individual assays; independent technical validations; strategic partners and over $20 million in research and development. EnviroLeach’s technology is emerging as a potential new standard for the provision of eco-friendly hydrometallurgical extraction of precious metals in both the mining and E-Waste sectors. Further information is available on the EnviroLeach web site: https://enviroleach.com

Under the terms of the LOI, enCore and EnviroLeach will be the largest shareholders of Group 11 with an initial stake of 40% each. EnCore will provide $750,000 in funding and EnviroLeach will provide for the use of its solution in this non-invasive extraction technology. Golden Predator will own an initial 20% interest and contribute mobile processing equipment and expertise in utilizing the environmentally friendly solution for recovery of gold, as demonstrated by the successful test work at their 3 Aces Project.

Upon completion of a definitive agreement, Group 11 will fund all research and development expenditures. Completion of a definitive agreement is subject to a number of conditions including but not limited to final term negotiations, licensing agreement and regulatory approval.

About EnviroLeach Technologies Inc.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.

About the Golden Predator Process
Golden Predator’s test processing plant, the first of its kind in Yukon, Canada, commenced operations in 2016 providing increased metallurgical and geological understanding of one of the Company’s projects. The Plant is a relatively simple gravity circuit utilizing a closed-circuit water system with no added chemicals due to the free-milling nature of 3 Aces’ gold. The 50 tonnes per day closed circuit plant recovers gold from #1 concentrates with doré bars sent to a commercial refinery for final processing. Golden Predator is currently testing EnviroLeach’s patent pending environmentally-friendly cyanide-free solution in its SRU for the extraction of gold from its #2 concentrates. A total of 2,034 tonnes, of the planned 5-tonne test sample of sulfide concentrate were processed in the Company’s SRU during 2019 using the water-based gold recovery solution, yielding 4.113 kg of 0.8994 gold and 0.0802 silver. The cumulative testing resulted in a total calculated recovery of 93.17% of the gold contained in the concentrate. The #2 concentrate averaged 2,022 g/t gold (GPY NR20-06 February 27, 2020).

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.
Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample programActual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Announces Up to 96.8% Gold Recovery from Sulfide Concentrates Using Cyanide-Free Solution at Yukon Test Plant

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company “or “Golden Predator”) reports continuing success in field testing of EnviroLeach Technologies Inc.’s (“EnviroLeach”) (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE)  non-cyanide environmentally-friendly solution in Golden Predator’s Secondary Recovery Unit (SRU) at its Yukon test processing plant (“Plant”).  Eleven test batches totaling approximately 2 tonnes of the previously announced 5 tonne test sample resulted in 93.17% recovery of contained gold yielding 132.23 ounces of gold doré. Recoveries improved as the tests advanced with the final five test batches yielding 96.8% recovery of gold. These highly gratifying results confirm that processing and recovering environmentally friendly gold from high grade sulfide concentrate can be achieved with greater efficiency than cyanide, with far less environmental risk and far fewer regulatory requirements.

Janet Lee-Sheriff said: “The test processing plant operation and the SRU are examples of Golden Predator’s commitment to innovation aligned to environmental and social responsibility (ESG). The results clearly show that our cyanide-free alternative represents a commercial opportunity for many projects and jurisdictions. When we received the successful results, we altered our course of work at the plant to focus greater time and energy on this new technology. We are now assessing some potential commercial applications for this innovative development and we expect to provide more information on these opportunities in the near future.”

Results
A total of 2.034 tonnes, of the planned 5 tonne test sample of sulfide concentrate were processed in the Company’s SRU during 2019 using EnviroLeach’s water-based gold recovery solution, yielding 4.113 kg of 0.8994 gold and 0.0802 silver. The cumulative testing resulted in a total calculated recovery of 93.17% of the gold contained in the concentrate. The concentrate averaged 2,022 g/t gold.  These results are from the testing of the concentrate sample program previously announced on November 12, 2019.

The cumulative total of 11 separate tests under varying conditions includes the previously reported 121 kg which yielded 255 g of gold (GPY NR November 12, 2019).  Each of the individual tests had varied test conditions such as the pH of both gold dissolution and electrowinning solutions, duration of dissolution, duration of electrowinning, and trace metal content of solutions.  These tests progressed with the final five tests showing an average recovery of 96.8% of the contained gold.  Progressive studies show increasing recoveries reflect ongoing optimization of not only the processing circuit but also the operating parameters of the SRU and its chemistry.  These design and operational developments are being incorporated into improvements of the circuit for resumption of testing in 2020.

Background
Golden Predator operates the processing plant to better understand the metallurgy of the varying types of  mineralized rock at 3 Aces and to establish better and environmentally friendly ways to process the mineralized rock.  As part of its processing plant, Golden Predator developed a mobile batch recovery unit (“Secondary Recovery Unit” or “SRU™”) for the recovery of gold from its sulfide concentrate. Golden Predator is utilizing EnviroLeach’s proprietary environmentally friendly cyanide-free solution in the SRU™.  The Plant has now demonstrated the ability to recover both coarse-grained gold from a closed system gravity circuit and to extract gold from a sulfide concentrate in an environmentally conscious and efficient manner.

Plant Update
The plant continued to operate as designed throughout 2019. Unplanned disruptions to supply of coarse material due to the spring thaw and an interruption of the contract crushing service for approximately six weeks contributed to a lower processing volume than anticipated.   Shortfalls in anticipated gold recovery also occurred due to dilution of mineralized material and grade from internal modeling. Minor amounts of gold in the fractured wall rock is erratically distributed such that it skews modelling and results in over-estimation of the mineral content of the rock.

The test processing has established that the quartz vein material contains sufficient gold to merit processing while the wall rock material remains uneconomic. Going forward, this provides important information about the 3 Aces project and future exploration modelling.  Future bulk sampling will concentrate on ore sorting with only the white gold containing quartz material being modelled and shipped for bulk sample processing.  Results of work to date indicate that this data should increase not only the grade of the processed material but also provide greater certainty as to mineral content and ultimate recovery. During the second half of 2019, the Company acquired and installed its own crushing plant at a cost of $25,000.00, consisting of a mobile 22” by 36” jaw crusher and generator set.

The addition of the SRU and batch testing of cyanide-free alternative solutions increasingly occupied a greater percentage of staff and management time and focus. The Company anticipates resumption of bulk sample material processing during the second quarter of 2020 in addition to the SRU test resumption and is pursuing commercial opportunities from the SRU test developments.

About the EnviroLeach Process
The EnviroLeach process delivers numerous economic and environmental benefits over current extractive technologies. The solution can effectively dissolve gold into aqueous solution with similar leach kinetics and economics to that of cyanide but is sustainable, safe and environmentally friendly. This water-based process has a broad applicability spectrum and is effective on most gold ores and concentrates. It can potentially unlock the value of many deposits located in environmentally sensitive areas that cannot be developed using current extraction methods.

About the Golden Predator Process  
Golden Predator’s test processing plant, the first of its kind in Yukon, Canada, commenced operations in 2016 providing increased metallurgical and geological understanding of its 3 Aces Project. The Plant is a relatively simple gravity circuit utilizing a closed-circuit water system with no added chemicals due to the free-milling nature of 3 Aces’ gold.  The 50 tonnes per day closed circuit plant recovers gold from #1 concentrates with doré bars sent to a commercial refinery for final processing. Golden Predator is currently testing EnviroLeach’s patent pending environmentally-friendly cyanide-free solution in its SRU for the extraction of gold from its #2 concentrates.  Total gold recovery from the gravity circuit is over 85% of contained gold.

The 3 Aces Project is an orogenic gold project in southeast Yukon which has provided the testing material for the processing plant. To date, Golden Predator has focused exploration on a broad gold-in-soil anomaly, where numerous orogenic gold-bearing quartz veins have been discovered.  Golden Predator made an early decision to conduct a bulk sample at the 3 Aces Project when it realized much of the gold contained in its veins is high grade (commonly over 30 g/t gold) and nuggety. The best way to determine the true gold value and distribution of gold within a nuggety gold system is to conduct large scale bulk sampling, which also allows Golden Predator the opportunity to conduct bulk metallurgical and processing tests in the Yukon.

QA/QC Statement
The initial laboratory, pilot scale and production scale testing were successfully conducted at EnviroLeach’s facility in Surrey, British Columbia prior to the on-site testing at Golden Predator’s Plant. All tests were conducted under the supervision of EnviroLeach and/or Golden Predator personnel.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.
Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.

Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  Separately, the Yukon-based Company-owned gravity processing plant located in southeast Yukon has demonstrated gold recoveries of over 85% from high grade 3 Aces material using a combination of a gravity and water process and a mobile batch cyanide-free process. This ‘green’ gold provides the content for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and  projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample programActual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Drill Results Extend Known Mineralization 400 meters at Brewery Creek Mine; Continuous Zone of Oxide Mineralization Now Extends 2.8 km Along Strike

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports additional positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon.  Step-out drill holes at the Golden Zone along Brewery Creek’s prolific Reserve Trend have extended mineralization an additional 400 m along strike to the east of the historical lower Golden pit.  These step-out holes tested a previously undrilled 500 m long segment of the projected mineralized structural zone extending from the Golden pit to the Lucky Pit.  The mineralization remains open along strike to the northeast and at depth.

Further 2019 drill results are currently being processed and will be released as they become available.

Highlights of the Golden Zone 2019 drill program include:

  • 2019 drill results to date have confirmed continuous gold mineralization over a 2.8 km strike length along the Reserve Trend.  Modelling indicates that the previously separate Fosters, Kokanee and Golden resource areas have coalesced into a single continuous mineralized zone which remains open to the northeast.
  • Step-out drilling highlights along 400m of previously untested strike include:
    • 10.7 m of 1.39 g/t Gold from a depth of 9.1 m in hole RC19-2614;
    • 12.2 m of 2.60 g/t Gold from a depth of 22.9 m in hole RC19-2624;
    • 7.6 m of 1.24 g/t Gold from a depth of 29.0 m in hole RC-2659.
  • In-fill drilling continued to improve resource confidence as demonstrated below:
    • 9.2 m of 3.9 g/t Gold from a depth of 24.4 m in hole RC19-2646;
    • 19.8 m of 0.56 g/t Gold from a depth of 15.2 m in hole RC19-2596.                         

To view Brewery Creek maps:  http://www.goldenpredator.com/_resources/news/NR20-05-Golden-Maps.pdf

Golden Predator CEO Janet Lee-Sheriff noted “The original resource modeling at Brewery Creek identified small, discrete deposits which imposed significant limitations on the design and operation of the mine. The 2019 drill results, in conjunction with the recently announced updated resource estimation, suggest a very different interpretation which will allow the Company to aggressively target additional undrilled mineralization in 2020 to further increase the currently reported mineral resource. A new resource estimate is scheduled for the second quarter to incorporate the 2019 drill data.”

2019 Significant Results from the Golden Zone

The 54 drill holes reported in this release totaled 6,574 m drilled. Intercepts in drill holes RC19-2607, RC19-2609, RC19-2611, RC19-2612 and RC19-2621 define a significant mineralized structure east of the historic lower Golden pit with 400m of drill tested strike length. Mineralization encountered in the 2019 drilling for the Golden Zone remains open at depth and the easternmost drill intercepts in the zone (RC19-2604 and RC19-2605) are approximately 100 m from mineralization in the Lucky zone.

Forty five of the 54 drill holes reported encountered significant gold grades with a high of 12.1 g/t Gold over 1.5 m in drill hole RC19-2564 at a depth of 32.0 m.  In addition to the above, highlighted drill intercepts include 1.29 g/t Gold over 7.6 m from a depth of 68.6 m in drill hole RC19-2607, 1.4 g/t Gold over 6.1 m from a depth of 68.6 m in drill hole RC19-2609, 1.92 g/t Au over 10.6 m from a depth of 96.0 m in drill hole RC19-2611, 0.53 g/t Au over 35.0 m from a depth of 100.6 m in drill hole RC19-2612 and 1.92 g/t Gold over 10.7 m from a depth of 12.2 m in drill hole RC19-2621.  Three of the drill intercepts in the zone bottomed in gold mineralization (RC19-2612, RC19-2616 and RC19-2622).  All intercepts in drill holes east of RC19-2632 are not in the current resource model and the deeper intercept in RC19-2629 of 1.0 g/t Gold over 7.6 m from a depth of 79.3 m is also below the current resource model.

Future drilling will target an expansion of the Fosters, Kokanee and Golden resource areas over the 2.8 km strike length.  The current data indicates that gold mineralization models continuously between the three resource areas.  Gold mineralization in the Golden resource areas is localized in two sub-parallel zones developed near the upper and lower contact of a monzonitic intrusive complex.

http://www.goldenpredator.com/_resources/news/BC-Significant-Drill-Results.pdf

2019 Brewery Creek Exploration Program

The 2019 Brewery Creek drill program focused on extending mineralized structures along the Reserve Trend in areas with little historic drilling. Mineralized structural trends were also extended down dip from previously mined zones. A total of 15,623 m of drilling was completed in 137 drill holes into five separate zones including the Camp, Fosters, Kokanee, Golden and Lucky Zones. With this release, results from 102 drill holes have now been announced. The Golden drilling successfully targeted an additional 500 m of strike length to the northeast towards the Lucky Pit on mineralized structures with potential for near-surface, oxide mineralization.  The holes released today confirm 400m of this extension with additional down dip potential including the discovery of an entirely new zone beneath previous drilling. Gold mineralization in the Reserve Trend is hosted in mid-Cretaceous age monzonitic intrusions over a +9 km strike length in the project area.  The intrusive rocks were emplaced into the regionally extensive mid-Mesozoic Robert Service Thrust Fault.

Brewery Creek 43-101 Technical Report

The Company also advises the updated NI 43-101 Technical Report for the Brewery Creek project prepared by Gustavson & Associates, effective date of October 1, 2019, was filed on SEDAR on January 23, 2020.  The 2019 drill program results are not included in the report as they were not available at the time of the estimation, an updated NI 43-101 technical report is underway to include the additional drilling.

Sampling Methodology, Quality Control and Assurance

Analyses for drill samples were performed by SGS Canada, Inc., ALS Canada and Bureau Veritas, Canada with sample preparation in Whitehorse, YT and assaying in Burnaby, North Vancouver and Vancouver, BC respectively.  Drill samples were analyzed for gold using a 30 gram fire assay with atomic absorption finish (SGS-GO FAA30V10 method, ALS-Au AA-25 method and BV-FA430 method).  Quality controls standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

BREWERY CREEK PROJECT OVERVIEW

Heap Leach Reprocessing Study: Phase 1

Kappes Cassiday is currently conducting a feasibility level study to determine the parameters for the phase 1 plan to reprocess and recover gold from material on the heap leach pad.  The study will include detailed analysis of all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing plant, ADR plant, and assay lab. The study will estimate all projected capital and operating costs, production levels and will estimate projected economic returns.  The study is focusing on remediating and reprocessing the heap leach pad as a means of fast-tracking re-development of the site.  The study will include a project implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of this feasibility level study demonstrating positive technical and economic viability.

Brewery Creek Mine: Production History

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price below $300 US per troy ounce. Golden Predator’s team commenced work on the project starting in 2009.  Brewery Creek is authorized to restart mining activities as defined in their Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent economic study.   In 2020 the Company will begin work with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining to include new discoveries and mining activities contemplated for an expansion of mining beyond the existing license.

The 180 km2 property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

Brewery Creek Mine: Resources

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 200 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

Brewery Creek Mine: Licenses, Permits and NI 43-101 Disclosure

The Company has a Socio-Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities as permitted under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

Separately, the Yukon-based Company-owned gravity processing plant located in southeast Yukon has demonstrated gold recoveries of over 85% from high grade 3 Aces material using a combination of a gravity and water process and a mobile batch cyanide-free process. This ‘green’ gold provides the content for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Yukon Mint™ Announces 2020 ‘MY YUKON’ Gold Coin Design Contest

The Yukon Mint™ Corporation (Yukon Mint) is pleased to announce its 2nd Yukon-wide gold coin design contest, MY YUKON, is now accepting submissions to design the front side (obverse) of a Yukon gold coin. The ‘MY YUKON’ gold coin design contest is open to all Yukon residents and offers artists the opportunity to interpret the Yukon culture, history and the land by presenting a design that recognizes the Yukon.

The ‘MY YUKON’ gold coin design will utilize Yukon gold, processed chemical-free to produce .9999 gold coins in a variety of sizes. The contest which opens today will accept submissions starting February 27, 2020 with the winning design to be announced on May 15, 2020.

CONTEST START DATE:FEBRUARY 18, 2020
DRAWING SUBMISSION:MAY 1, 2020
CONTEST WINNER ANNOUNCEMENT:MAY 15, 2020

The winning design will be highlighted on one side of Yukon gold coins to be produced in 1 ounce and other sizes. The contest winner will be compensated with a cash prize and a one ounce gold coin bearing the winning design and the winner’s initials while receiving marketing opportunities on a global stage. The reverse side of the coin depicts the Klondike Gold Rush stampeders, an iconic image of the Yukon.

For additional information and contest guidelines please visit: http://www.yukonmint.com/design-contest/.

About the Yukon Mint™

The story of Canadian gold coins dates back to the Klondike Gold Rush.

In 1853, Canada adopted the gold standard as a monetary system and this standard helped develop a growing interest in minting gold at a Canadian mint. Canadian miners later lobbied for domestic refining capabilities because they were often forced to sell their gold to the United States. The idea for a Canadian Mint and Canadian gold coins was put on hold until the late 1890s, when a major gold rush in Yukon’s Klondike region brought an awareness of gold mining to the forefront of Canadian consciousness, and fueled Canadian’s dreams of mineral wealth. These first gold coins struck by the Royal Canadian Mint (then called the Ottawa Mint) were Canadian in almost every aspect, from raw material to design. The coins were composed of Canadian gold, approximately 90% of it from the Klondike region.

The story of Yukon gold coins starts with the Yukon Mint™.

The Yukon Mint™ is focused on creating gold coins that will be Yukon in almost every aspect, from raw material to design. The Yukon Mint™ works to ensure local communities benefit from Yukon mining and exploration projects. A percentage of the net profits from the sale of the gold coins is shared in the Yukon.

The Yukon Mint™ is a wholly owned subsidiary of Golden Predator Mining Corp. (Golden Predator). For more information on the Yukon Mint or Golden Predator, please see www.yukonmint.com or www.goldenpredator.com.

Janet Lee- Sheriff
President
(604)260-0289
info@yukonmint.com
www.yukonmint.com

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Golden Predator: Re-imagining Yukon’s Brewery Creek Mine

There is gold all over the Yukon. Economic gold is a whole other story.

Golden Predator’s (V.GPY) Brewery Creek mine has plenty of gold, some of it quite high grade. After all, Brewery Creek was a mine run by Viceroy Resources until the price of gold plunged to less than $300 an ounce in 2002. There is still valuable rock on the leach pad and in the ground.

The challenge for Golden Predator is to figure out how to bring Brewery Creek back into economic production. GPY, as Janet Sheriff, its CEO, points out, begins with some real advantages. There is a road. There is significant infrastructure on-site and recently GPY confirmed, “in writing” that the original permitting for the mine was still in effect. A Socio-Economic Accord and Council Resolution with Tr’ondek Hwech’in supporting resumption of mineral production is in place.

All of which is a good start for a phased approach to restarting the mine. The first phase is restarting the heap leach operation. The key to this restart is that Viceroy had placed “run of mine” rock on its leach pads. GPY estimates that this means there is likely to be 100,000 ounces of recoverable gold left in that rock. “We need to reprocess the heap which means crushing the rock as it was never crushed, having been put directly on the pad from the blasted bench,” explained Sheriff. “We’re doing a feasibility study on the heap restart which should be done by April.”

When the feasibility study is complete, Golden Predator’s Board will make the production decision. That decision will take into account the advice and report of Kappes, Cassiday & Associates one of the world’s leading heap leach consultancies.

“We realize that we’ll have a modest rate of return during the reprocessing,” said Sheriff. “But the two or three years of reprocessing will buy us time to recommence mining. It will give us the opportunity to buy the new equipment we need to process the new material out of internally generated funds.”

Sheriff is very much aware of the difficulties in financing most potential producers let alone exploration companies. “Speculative capital has fled the mining industry over the past few years making us all that much happier that we believe we will be able to finance a very large portion of our expected modest CAPEX with debt.  The debt markets are hungry for yield offering an excellent window for financing projects into production without incurring substantial dilution”

Using a phased approach, with near term revenue and a relatively modest CAPEX, sets the stage for the company to begin to mine and process new material. And with a lower CAPEX the risk of managing debt is also lowered.

“Brewery Creek is looking bigger than we anticipated,” said Sheriff. “The 2019 drilling program was designed to expand and upgrade the existing resource. We drilled outside the existing resource area and the results are exciting for us because they show there is more there than we thought.  A good portion of our new drill results are oxide material which will add to our already robust resource base.”

Those new drill results were published in a press release dated February 6, 2020, and Sheriff states, “It is clear from our drilling and geological interpretation that Brewery Creek hosts larger, more continuous zones of mineralization than previously believed.  Of 18 holes drilled into the Kokanee and Golden Zones, 16 encountered significant gold grades. These new results build on previous drill data confirming resource continuity along strike and resource growth potential down dip as the separate oxide resources now merge into a single larger area of gold mineralization.”

More is always good and the fact the material is oxide gold means that it should leach well.

“The recently announced 43-101 resource almost doubled in the Reserve Trend where previous mining occurred with approximately 1.2 million ounces of gold in all categories,” said Sheriff. “And it looks as if there is more towards the southern end of the property that will require additional drilling to move towards establishing a resource on it.”

At this point in our conversation, Bill Sheriff, Golden Predator’s Chairman took over the story. “There are two systems on the property: at the southern end, we have a classic alkalic porphyry which had about 100,000 ounces when it was last looked at in 2012. It is lower grade, .75 to .8 gpt but it is very consistent. It’s all oxidized to the limits of drilling (approximately 200 meters depth) and there are a lot of potentially recoverable ounces given the excellent metallurgy we have seen from that intrusive. There just hasn’t been enough drilling yet. There is no urgency as there is better grade in the other, thrust hosted, system (which is licensed for mining) which takes priority for us in terms of increasing and developing more ounces at higher grades for nearer-term production possibilities.  The intrusive ounces promise to enlarge the overall project and extend its life for many years.”

“The thrust hosted system is where the earlier mining has occurred,” said Sheriff. “We have been looking at this area using different statistical techniques and different cut off grades. Using Kreiging and a lower cutoff grade expands the resource. Our original analysis used a cut off grade of .6 gpt, we changed that to .45 gpt.”

“The original analysis had quite a few different pits,” said Sheriff. “These small pits needed smaller, less efficient equipment. However, the new analysis, which does not include the holes we drilled “in between” in 2019, suggests that it may well make a lot more sense to build one larger pit That would let us use bigger, more efficient equipment.  This deposit is really leveraged to gold as you can see by its rapid growth in ounces with a modest increase in gold price.”

“The 2019 holes were drilled outside the resource area and we found gold from surface in quite a few of them,” said Sheriff. “Thrusts are commonly stacked one above another and that appears to be the case at Brewery as we have identified a new horizon below the limits of previous drilling in the Kokanee Golden areas. As with previous drilling, most of the area remains open to further discovery and resource expansion”.

“Most of our drilling is shallow and finding oxide mineralization from near-surface clearly adds to the just published model.  We look forward to release of all the 2019 holes and a new resource estimate in later Q2,” said Sheriff. “We continue to  find similar structures and mineralization from surface along the 6km Reserve Trend”.

Brewery Creek will be a mine again. The question Golden Predator is trying to answer is how big a mine and how profitable a mine. The next few months will tell that story.

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