Sep 30, 2010

Silver Predator Closes Private Placement with Sprott Asset Management LP

Vancouver, British Columbia, September 30, 2010: Silver Predator Corp. (CNSX:SPD) (the "Company") is pleased to announces that it has closed a non-brokered private placement and issued 1,000,000 units of the Company (the "Units") to Sprott Asset Management LP on behalf of certain funds and managed accounts, at a price of $0.40 per Unit for gross proceeds of $400,000. Each Unit consists of one common share of the Company (a "Share") and one half of one share purchase warrant (a "Warrant"). Each full Warrant entitles the holder to purchase one additional Share at a price of $0.55 until September 29, 2011. The proceeds from this private placement will be used for general working capital purposes.

"We are pleased to receive this investment from Sprott Asset Management LP", said Louis A. Lepry, President & CEO. "Sprott's support is an endorsement of silver in general and our business plan in particular as we begin to build an important silver company within the politically stable confines of North America."

About Silver Predator Corp.
Silver Predator Corp.'s corporate mandate is to explore and develop commercially viable silver resources in the leading silver districts of Yukon, Canada and Nevada, USA. Working within stable geopolitical jurisdictions, Silver Predator will focus on silver-dominant bulk tonnage opportunities. Proven management plus access to unparalleled geological talent in the Yukon and extensive experience in Nevada provide the ability to maximize shareholder value from the Company's quality asset base. Silver Predator has agreed to acquire 100% interests in 15 exploration and development properties and acquire options to earn 100% interests (subject to certain royalties) in 5 properties in Nevada and the Yukon, from Golden Predator Corp., Rockhaven Resources Ltd. and Strategic Metals Ltd. This transaction is anticipated to close in 2010.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Louis A. Lepry, Jr., President and Chief Executive Officer (604) 648-4653

The CNSX has in no way passed on the merits of these proposed transactions and has neither approved nor disapproved the contents of this news release.