gpy nr18-12 exploration management council final · 2018-08-02 · news release tsx.v: gpy june 21,...

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NEWS RELEASE TSX.V: GPY June 21, 2018 NR 18-12 www.goldenpredator.com Golden Predator Bolsters Technical Exploration Team; Implements Exploration Management Council Vancouver, BC, June 21 st , 2018: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the Company” or “Golden Predator”) is pleased to announce the establishment of an Exploration Management Council (“Council”) including globally recognized geological experts Richard Goldfarb, Lance Miller, Craig Hart and William (Bill) Threlkeld. Rich Goldfarb, PhD, has agreed to expand his role beyond the Board of Directors. As Chairman of the newly formed Exploration Management Council, he will be taking a more proactive role in the Company’s exploration efforts. Rich is joined by a team of geoscientists recognized for their expertise in the geology, structure and gold deposits of the Northern Cordillera including the Yukon, Alaska and British Columbia. The Council will assist management and field staff at Golden Predator in reviewing, interpreting, advising and planning on exploration and technical matters relating to the Company's mineral exploration projects. The Council will also identify new opportunities in the Yukon, Alaska and British Columbia. The Company also announces the appointment of Michael (Mike) Redfearn, P.Eng., who will provide the Company with strong guidance and valuable oversight in mineral processing, pilot projects, technological reviews and assessments of processing options on all of the Company’s projects. “Combining this team’s individual expertise in gold deposits, regional geology, structure, mapping and geochemistry, primarily focused on the Yukon, Alaska and British Columbia, creates an unparalleled technical team to guide the Company’s current and future exploration activities” said Janet Lee-Sheriff, Chief Executive Officer. “We are especially fortunate to have Rich, Bill, Lance and Craig join us with their well-established records of accomplishment in conceptualizing, recognizing and advancing major gold deposits. This team gives Golden Predator a unique technical advantage in the mineral exploration business.”

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NEWSRELEASE

TSX.V:GPYJune21,2018

NR18-12www.goldenpredator.com

GoldenPredatorBolstersTechnicalExplorationTeam;ImplementsExplorationManagementCouncil

Vancouver,BC, June21st, 2018:GoldenPredatorMiningCorp. (TSX.V:GPY;OTCQX:NTGSF) (the“Company” or “Golden Predator”) is pleased to announce the establishment of an ExplorationManagementCouncil (“Council”) includingglobally recognizedgeologicalexpertsRichardGoldfarb,LanceMiller,CraigHartandWilliam(Bill)Threlkeld.RichGoldfarb,PhD,hasagreedtoexpandhisrolebeyondtheBoardofDirectors.AsChairmanofthenewly formed Exploration Management Council, he will be taking a more proactive role in theCompany’s exploration efforts. Rich is joined by a team of geoscientists recognized for theirexpertise in the geology, structure and gold deposits of theNorthernCordillera including theYukon, Alaska and British Columbia. The Council will assist management and field staff atGoldenPredator inreviewing, interpreting,advisingandplanningonexplorationandtechnicalmattersrelatingtotheCompany'smineralexplorationprojects.TheCouncilwillalsoidentifynewopportunitiesintheYukon,AlaskaandBritishColumbia.TheCompanyalsoannouncestheappointmentofMichael(Mike)Redfearn,P.Eng.,whowillprovidethe Company with strong guidance and valuable oversight in mineral processing, pilot projects,technologicalreviewsandassessmentsofprocessingoptionsonalloftheCompany’sprojects.“Combining this team’s individual expertise in gold deposits, regional geology, structure,mappingand geochemistry, primarily focused on the Yukon, Alaska and British Columbia, creates anunparalleled technical teamtoguide theCompany’s currentand futureexplorationactivities” saidJanetLee-Sheriff,ChiefExecutiveOfficer.“WeareespeciallyfortunatetohaveRich,Bill,LanceandCraig joinuswith theirwell-established recordsof accomplishment in conceptualizing, recognizingandadvancingmajorgolddeposits.ThisteamgivesGoldenPredatorauniquetechnicaladvantageinthemineralexplorationbusiness.”

TheExplorationManagementCouncil

Richard(Rich)J.Goldfarb,Ph.D. CouncilChairmanRichisagloballyrecognizedauthorityonorogenicgolddepositshavingserved36yearswiththeU.S.GeologicalSurvey’sMineralResourcesProgram.Dr.GoldfarbisaResearchProfessorattheColoradoSchool of Mines, an Adjunct Professor at the University of Western Australia, a DistinguishedOverseas Professor at China University of Geosciences, Beijing, China, as well as, a privateconsultant.Dr.GoldfarbobtainedhisPhDGeologyfromtheUniversityofColoradoandistherecipientofmanyawardsfromscientificorganizationsaroundtheworld.HeisaFellowandEx-PresidentoftheSocietyof Economic Geologists and an Honorary LifetimeMember of the Society for Geology Applied toMineralDeposits.Hehasseniorauthoredorco-authoredmorethan225papersandhasdeliveredover200presentationsin31countries.26ofhispapersongolddepositsoftheNorthernCordillerawerejointlyauthoredwithfellowcouncilmembersCraigHartand/orLanceMiller.Inadditiontohisformative work on orogenic gold, Rich has an extensive background in geochemistry, regionalmetallogeny,andexplorationtargeting.CraigJ.R.Hart,Ph.D.,FSEG,FGAC.CraigHart is theDirectorof theMineralDepositResearchUnit (MDRU)at theUniversityofBritishColumbia (UBC) where he initiates and facilitates a wide range of mineral exploration industry-sponsored research projects focused on gold and porphyry systems, regional metallogeny andexplorationmethods.Hiscurrentresearcheffortsaredirectedtowardsdevelopingnewexplorationtools and strategies for gold and porphyry deposits.Most of his early careerwaswith the YukonGeologicalSurveywhereheundertookregionalmappingandmetallogenicresearchintheNorthernCordillera.Craighasdegrees fromMcMasterUniversity (BSc1986),UniversityofBritishColumbia (MSc1995)andUniversityofWesternAustralia(2005)separatedbyemploymentintheexplorationindustryandwith geological surveys. He is an author or co-author onmore than 200 geologicalmanuscripts,maps,reportsandpublishedcontributions.Hispublicationsincludemanyoftheauthoritativeworkson intrusion-related gold deposits of Yukon and Alaska, as well as description of the goldmineralizationthroughoutYukon’supperHylandRivervalleyarea.LanceMiller,Ph.D.Withover30yearsinthemineralsindustry,LanceMillercurrentlyservesasVicePresidentofNaturalResourcesforNANARegionalCorporation,anAlaskaNativeCorporation.NANAownsthelandonwhichtheRedDogMine,oneoftheworld’slargestzincmines,hasoperatedsince1989asamodelofresponsibleresourcedevelopment.LancehasbeenProjectsManager forNovaGold,ChiefGeologist forEchoBaymineson theAlaska-JuneauProject,andProjectsManagerforEurasiaforPlacerDome.Duringthiswork,Lanceconducted

due-diligenceprogramsonthegiantNatalkaandSukhoiLoggolddeposits inRussiaandcarriedouttheearlystructuralgeologyanalysisontheDonlinCreek(39.0millionounces)deposit inSWAlaskawhichleadtotheidentificationofnewmineralizedcorridorsandsubsequentresourceexpansion.LanceisChairmanoftheAlaskaMineralsCommission,anExecutiveboardmemberoftheResourceDevelopment Council, a member of the Council of Alaska Producers and is on the University ofAlaskaAnchorageGeosciencesadvisoryboard.Hehasauthoredandco-authoredover25scientificpublicationsandholdsaPh.D.ineconomicandstructuralgeologyfromtheUniversityofArizona,anM.S. in economic geology from the University of Alaska and a B.S. in geology from StanfordUniversity. William(Bill)E.Threlkeld,MSc,PGBill is currently the Senior Vice President-Exploration for Seabridge Gold Inc. He has beeninstrumental in the design and execution of exploration and resource delineation programs anddeeply integrated in theoverall strategyof Seabridge.His team’s successes include thediscovery,definitionandexpansionoftheCourageousLakedeposit,NWT,andtheMitchell,IronCapandDeepKerr deposits which have made the KSM project in British Columbia the largest gold reserve inCanada.Previously, from1991 to1997,BillwasExplorationManagerandVicePresidentofPlacerDomeandwasresponsibleforallexplorationactivityandinvestmentinLatinAmerica.Billdirectedprogramsthatresulted inthediscoveryanddelineationofanumberofgolddeposits includingLasCristinas,Venezuela(9.7millionounces),CerroCrucitas,CostaRica(2.3millionounces)andMulatos,Mexico(2.0millionounces).BillobtainedhisMScinEconomicGeologyfromtheUniversityofWesternOntarioandisregisteredasaprofessionalgeoscientistinBritishColumbiaandtheStateofWashington.MichaelRedfearn,P.Eng.Michael Redfearn has over 40 years of extensive mining, metallurgical, environmental andconstruction experience. Mr. Redfearn previously served as the Vice President of Operations forBCMetalsCorporation,wherehewasresponsiblefortheoversightofthefeasibilitystudyontheRedChris project in Northern British Columbia and Vice President of Operations for Hawthorne GoldCorp.Mr.RedfearnwasDirectorof theMetallurgicalDivisionatBureauVeritas,MineManageratthe Cantung Mine in the Northwest Territories and held various senior positions with ComincoLimited including Superintendent at the Sullivan Mine, Project Superintendent at the TrailOperations,MillOperationsManagerattheRedDogMineandaManagementConsultanttotheElBrocalMine.FormoreinformationontheExplorationManagementCouncilandfullteammemberbiographiespleasevisit:http://www.goldenpredator.com/about/exploration-management-council/StockOptionGrant

TheCompanyhasgranted200,000stockoptionstoadirectoroftheCompany.Thestockoptionsareexercisable fora termof threeyearsatanexercisepriceof$0.42percommonshare.Twenty-fivepercent (25%) of the stock options vest immediately, with an additional 25% vesting every sixmonthsthereafteruntilfullyvested.

AboutGoldenPredator

3AcesProject,YukonThe3AcesProjectisanorogenicgoldtargetconsistingof1,734claimscovering357km²(35,700ha)in southeastYukon.Orogenicgolddepositsareamong theworld’s largestand richest, suchas theCaliforniaMotherLodeBeltandtheJuneauGoldBelt.TheCompanyhastodatefocusedexplorationon the 13.5 km2Central CoreArea, a broad gold-in-soil anomaly,where numerous orogenic gold-bearingquartzveinshavebeendiscovered.Explorationover thepast twoyearshas systematicallyadvanced the project by establishing: (1) high gold grades can be reliably sampled; (2) goldmineralization is in predictable stratigraphic structural locations; and (3) gold grades have robustcontinuity within the recognized controlling features. Results support a stratigraphic structuralmodelthatpredictsextensivelateralandverticalcontinuityofthe3Acesmineralsystem.Diamonddrilling will commence in July at the high grade gold, 100% owned Sprogge Area of the 3 AcesProject.The3AcesProjecthasanExplorationAgreementwiththeKaskaNation.BreweryCreek,YukonThe Brewery Creek Project is a past producing heap leach gold mining operation, operated byViceroyResourceCorporation,shutdownprimarilyduetolowgoldprices.The180km2propertyislocatedbyroad~40kmeastofDawsonCity,Yukon.BreweryCreekhasNI43-101Indicatedmineralresources of 577,000 oxide gold ounces contained in 14.15 million tonnes of material with anaveragegradeof1.27g/t,andInferredmineralresourcesof279,000oxidegoldouncescontainedin9.3 million tonnes with an average grade of 0.93 g/t.1 The Brewery Creek Project has a SocioEconomicAccordwiththeTr’ondekHwech’in.Additionalmetallurgicaltestingisplannedfor2018.GoldenPredatorMiningCorp.GoldenPredatorMiningCorp.isagoldexplorationcompanyfocusedonadvancingkeyprojectswithsignificantexplorationupside,goodinfrastructureandcommunitysupport.TheCompanyisactivelyexploringonitshighgradegold3AcesProject,holds100%oftheadvancedBreweryCreekProject,apast-producing brownfields project with a 2014 Preliminary Economic Assessment prepared inaccordancewithNI43-101.TheCompanyalsoholdstheMargProject,Yukon,whichhasa2013NI43-101IndicatedResourceof3.96milliontonnesof1.57%copper,1.92%lead,3.90%zinc,49.40g/tsilver, and 0.79 g/t gold and an Inferred Resource of 7.78million tonnes of 1.12% copper, 1.36%lead,2.89%zinc,34.88g/tsilver,and0.52g/tgoldfiledonSEDAR(Burgoyne,2011).

Foradditionalinformation:JanetLee-SheriffChiefExecutiveOfficer(604)260-0289info@goldenpredator.comwww.goldenpredator.comThetechnicalcontentofthisnewsreleasehasbeenreviewedandapprovedbyMarkShutty,CPG,aQualifiedPersonasdefinedbyNationalInstrument43-101andanemployeeoftheCompany.

1) NI43-101TechnicalReportonPreliminaryEconomicAssessmentfortheBreweryCreekProperty,YukonTerritory,Canada,Tetra-TechEBAdatedNovember19,2014andfiledonSEDAR.

NeitherTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSXVentureExchange)acceptsresponsibility for the adequacy or accuracy of this release.No stock exchange, securities commission or other regulatory authority hasapprovedordisapproved the informationcontainedherein.Thispress release contains forward-looking information that involvevariousrisks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based oncurrentexpectations that theprivateplacementwill completeasdescribedherein, that theProjectwilladvance throughpermittingandfeasibility. Actual resultsandfutureeventscoulddiffermaterially fromthoseanticipated insuch information.Theseandall subsequentwrittenandoral forward-looking informationarebasedonestimatesandopinionsofmanagementonthedatestheyaremadeandareexpresslyqualifiedintheirentiretybythisnotice.Exceptasrequiredbylaw,theCompanyassumesnoobligationtoupdateforward-lookinginformationshouldcircumstancesormanagement'sestimatesoropinionschange.