Golden Predator drills 92.0 m of 2.02 g/t Gold; Commences Resource Calculation at Carlos Zone, Grew Creek Project

TSX: GPD
www.goldenpredator.com

VANCOUVER,July 5, 2011/CNW/ -Golden Predator Corp.(Toronto:GPD.TO) (the "Company") is pleased to announce results from the final five core holes from its winter 2011 drill program at theCarlos Zone, Grew Creek Project, Yukon. Four of the five holes have intersected significant mineralization including 92.0 m of 2.02 g/t Gold beginning at a depth of 60 m in core hole GC11-281, 104.2 m of 1.68 g/t Gold from a depth of 42.7 m in core hole GC11-283 and 104.0m of 1.33 g/t Gold from a depth of 130.9 m in core hole GC11-279.

The Company has now released all results from its winter 2011 core drilling campaign at Grew Creek, which totalled 4,317 m in 20 holes in theCarlos Zone. These holes complete a drill pattern with an average spacing of 25 m, to support a recently commissioned NI 43-101 compliant resource calculation. Results also support the current interpretation of structural controls on gold mineralization. These data extend known mineralized trends down dip, along both strike directions, and through areas where prior drilling was sparse. The deposit remains open at depth but appears to be cut off along strike. The Company has commenced its next phase of exploration on the Grew Creek Project, will include property-wide geological mapping, geophysical surveys, and reverse-circulation drilling of known altered areas on strike with theCarlos Zoneas well as projected structural offsets.

The Grew Creek Project is located 32 km southwest of Faro, Yukon. The property's 72 km2encompasses 363 quartz claims, extending along both sides of theRobert CampbellHighway for approximately 27 km with power lines traversing the Project area.

(1) Results where g/t x m is less than 2.5 are not reported in this table, unless the individual grade was ≥ 1g/t gold over a minimum of 2.0 metres. Other intervals require ≥0.5 g/t gold to be included.

(2) Grams per tonne (g/t) to troy ounces per short ton: g/t divided by 34.2857 or multiply by .0292. Meters to feet: 1 m equals 3.28084 ft.

The complete results of the Grew Creek 2011 winter drill program, with accompanying maps, are available at:http://www.goldenpredator.com/documents/GPDNR11-25-GC-Results.pdf

Sampling Methodology, Quality Control and Assurance

Samples were fire assayed by ALS Chemex inVancouver. Refer to the Company's news release datedMay 26, 2011for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Bruce R. Otto, MSc, PGeo, CPG, the Company's Senior Structural Geologist and a Qualified Person as defined by National Instrument 43-101.