Golden Predator Corp. - West Big Rock Zone Drilling Intersects 25.5 m of 1.46 g/t Gold, Brewery Creek Project, Yukon

TSX: GPD

VANCOUVER, July 26, 2012 /PRNewswire/ - Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce the results from an additional 12 in-fill diamond drill holes from the West Big Rock Zone at its flagship Brewery Creek Project. The ongoing program is designed to increase the existing indicated resources by upgrading the inferred resource through closer spaced drilling at the Big Rock Zone. To date the program is demonstrating strong continuity of the ore body in the targeted areas. The Company anticipates incorporating these results, as well as previously announced drill data from its 2012 campaign, into an updated resource estimate planned for later in the year.
Highlights of the current release include:
BC12-431 with 19.6 m of 1.03 g/t gold from a depth of 53.0 m including 1.6 m of 6.27 g/t gold;
BC12-433 with 18.0 m of 1.97 g/t gold from a depth of 47.9 m including 4.4 m of 5.88 g/t gold;
BC12-435 with 23.1 m of 1.71 g/t gold from a depth of 43.4 m including 2.8 m of 7.01 g/t gold;
BC12-436 with 23.2 m of 1.64 g/t gold from a depth of 38.7 m including 13.0 m of 2.26 g/t gold; and
BC12-451 with 25.5 m of 1.55 g/t gold from a depth of 33.0 m.

A complete table of results and location map can be found on the Company's website at:
http://www.goldenpredator.com/documents/GPD-NR12-26-West-Big-Rock-Results-FINAL.pdf
West Big Rock Zone, Brewery Creek
The West Big Rock resource area is the farthest west known gold resource at the Brewery Creek Project. Gold mineralization occurs primarily in clay altered quartz monzonite sills and to a lesser extent in siliclastic sedimentary rocks. The primary mineralized zone outcrops, with a strike of N70 o E and dip of 40o to the southeast.
The 12 in-fill holes reported above are part of the Company's 2012 drilling program at Brewery Creek, which has completed more than 18,000 m to date this year. Drilling at the West Big Rock Zone is anticipated to continue with a combination of in-fill and step-out holes.
Brewery Creek Project Overview
Brewery Creek hosts NI 43-101 compliant resources of 581,000 indicated gold ounces in 20.417 million tonnes at 0.89 g/t and 346,000 inferred gold ounces in 12.990 million tonnes at 0.83 g/t (Barr, 2012; GPD NR 12-20 June 18, 2012). The Company anticipates publishing an updated resource estimate incorporating the current year's drilling later in the year.
The Brewery Creek Project is a past producing heap leach gold mining operation with a total of 278,484 oz Au produced from seven near-surface oxide deposits along the property's Reserve Trend from 1996 through 2002, when the mine (operated by Viceroy Resource Corporation) shut down primarily due to low gold prices. The 200 km2 property is located 55 km due east of Dawson City, accessible by paved and gravel roads from the junction of the North Klondike and Dempster Highways.
The Project is in receipt of all necessary permits required to conduct additional exploration. The Brewery Creek Project holds a Type A Water License with an expiry date of December 31, 2021, subject to the restrictions and conditions contained in the Yukon Water Act and Regulations. The Project also holds a Quartz Mining License (QML) with an expiry date of December 31, 2021. The Company is working to amend the Water License and the QML to incorporate current mine planning and design studies which are currently underway. In addition, a current Socio-Economic Accord with Tr'ondek Hwech'in First Nation with respect to the Brewery Creek Project in place.