Golden Predator Enters into Agreement to Commence Site Evaluation at Brewery Creek Project, Yukon

VANCOUVER, Dec. 1, 2011 - Golden Predator Corp. (TSX:GPD)(the "Company") is pleased to announce it has retained the servicesof Gold Canyon Mining & Construction, LLC to advise and assist onadvance development planning at the Company's Brewery Creek Project.

Gold Canyon Mining, a recognized leader in construction andcontract mining services whose clients include many of North America'sleading gold producers such as Newmont, Barrick and Kinross, willinitially assist with preliminary site selections for futureinfrastructure development and other mine-construction relatedactivities at Brewery Creek.

Gold Canyon's immediate deliverables include the identificationof suitable areas for future heap leach pads, based on proximity topotential mining areas and their amenability to construction oncethese areas have been further evaluated for their geologic andgeotechnical suitability. Gold Canyon will also be providing certainheavy equipment at site to assist in infrastructure maintenance anddevelopment.

"We are pleased to begin what we anticipate will become a keylong term relationship as we continue with the development of theBrewery Creek Project," said William M. Sheriff, Chairman and CEO ofGolden Predator. "Gold Canyon's experience with the in-valley heapleach operation at Fort Knox in Alaska, coupled with their expertisein open pit mining, heap leach construction, and operations throughoutNevada, is second to none and is expected to assist Golden Predator'sefforts greatly moving forward."

"We look forward to forging our relationship with GoldenPredator, a proven leader in the Yukon's resurgence of gold explorationand mining activity," said Kerry Bjornson, CEO of Gold Canyon Mining."We share Golden Predator's view of a very robust mining future inthe Yukon and look forward to playing a key role in its developmentalong with Golden Predator."

Brewery Creek Project

Golden Predator controls the Brewery Creek Project and isworking aggressively towards a near-term production decision. To date in2011 the Company has completed more than 300 drill holes at BreweryCreek, totalling over 45,000 m. Drilling has been concentrated ondelineating the two 2011 discoveries at the Bohemian-Schooner andSleeman Zones, with significant additional drilling on the North Slopeand Classic Zones, as well as the newly identified Ice Fog Zone.Results are pending for over 120 of these holes. Year-round drillingcontinues at Brewery Creek. Resource modeling in support of an updatedresource estimate is well underway.

The Brewery Creek Project is a past producing heap leach goldmining operation with a total of 278,484 oz Au produced from sevennear-surface oxide deposits along the property's Reserve Trend from1996 through 2002, when the mine (operated by Viceroy ResourceCorporation) shut down due to low gold prices. The 187 km2 property islocated 55 km due east of Dawson City, accessible by paved and gravelroads from the junction of the North Klondike and Dempster Highways.In May 2011 the Company staked an additional 204 quartz claims east ofthe historic Brewery Creek property, increasing the Project to atotal of 997 quartz claims.

The Project is in receipt of all necessary permits, includingthe Class 3 Mining Land Use permit required to conduct additionalexploration. The Brewery Creek Project is authorized under a Type AWater License with an expiry date of December 31, 2021, subject to therestrictions and conditions contained in the Yukon Water Act andRegulations. The Project also has a production license with an expirydate of December 31, 2021, and the ninety-three mining leases coveringmine facilities, pits, waste dumps and adjacent drill indicateddeposits have expiry dates beginning in 2016. In addition, aSocio-Economic Accord with Tr'ondek Hwech'in First Nation with respectto the Brewery Creek Project is in place.

About Gold Canyon Mining and Construction, LLC

Gold Canyon is a leading provider of construction and contractmining services throughout the Western United States, Western Canadaand Alaska. Gold Canyon's current and past clients include majormining firms engaged in open pit gold mining. Gold Canyon has severalhundred full-time employees, an outstanding safety program and over500 pieces of mining equipment located primarily in Nevada and Alaska.

About Golden Predator Corp.

Golden Predator Corp., Yukon's Gold Company, is awell-funded exploration company mandated to become a mid-tier goldproducer. Golden Predator's road-accessible advanced propertiesincluding its flagship Brewery Creek Project at which the Company ismoving aggressively to a near term production decision, as well as itsGrew Creek and Clear Creek Projects.

Golden Predator has one of the largest controlled land positionin the Yukon, with exploration holdings in excess of 1,400,000 acres(over 5,700 km2), and is committed to strong relationships with YukonFirst Nations and communities. Golden Predator's management andtechnical teams continue to lead aggressive exploration programs inthe underexplored regions of the Yukon, and are driven to bring valueto shareholders and leave a positive legacy in the Yukon.