Renamed from American Bullion Development Corp.

North American Royalties and Assets in Nevada and the Yukon

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Message: Kwong-Mun Achong Low, Northern Securities (5/1/12)

Kwong-Mun Achong Low, Northern Securities (5/1/12) "Golden Predator Corp. announced an updated resource on its 100%-owned Brewery Creek asset. . .the overall number of ounces is in line with management guidance and with our expectations. . .we believe there is an opportunity to grow this resource further with a focus on the oxides given that the existing deposits remain open and exploration potential for additional targets remains high in our view, particularly in and around the Classic zone. . .we are encouraged by the increased quality of the resource and the significant exploration potential that still exists at the property, in our opinion."

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