Golden Predator Completes $8.38 Million Financing


Golden Predator Mining Corp. (TSXV:GPY) (the “Company” or “Golden Predator”) is pleased to announce that it has completed its previously announced overnight marketed offering, including a partial exercise of the underwriter’s over-allotment option (the “Offering”). A total of 9,212,378 flow-through units (the “Flow-Through Units”) at a price of $0.91 per Flow-Through Unit were sold for aggregate gross proceeds of $8,383,264. Each Flow-Through Unit consists of one Class A common share (a “Common Share”) and one-half of one (non-flow-through) Common Share purchase warrant, exercisable at $1.00 per Common Share. The Flow-Through Units were issued on a “flow-through” basis for purposes of the Income Tax Act (Canada). The Offering was completed pursuant to an underwriting agreement dated January 23, 2018, as amended, among Clarus Securities Inc. as underwriter (the “Underwriter”) and the Company. The Company paid a 7.0% commission and also issued 460,618 share purchase warrants. The Underwriter’s warrants are exercisable into Common Shares at a price of $0.91 per Common Share, for a period of two years from the closing date.

The proceeds raised from the sale of the Flow-Through Units will be used by the Company to finance qualified Canadian exploration expenses, at its 3 Aces Project, as defined in the Income Tax Act (Canada).

Golden Predator Mining Corp.

Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The 3 Aces Project is a district-scale opportunity in the southeast Yukon with an orogenic gold target consisting of 1,734 claims covering 357 km2 (35,700 ha). Exploration has focused on the 13.5 km2 Central Core Area, a broad golden-soil anomaly, where numerous orogenic gold-bearing quartz veins have been discovered. The Company is now developing strategies to establish continuity between the Central Core Area and other mineralized zones along the 40km strike of the 3 Aces property. The Company also holds 100% of the advanced Brewery Creek Project in Yukon, Canada, a past-producing brown fields project with a 43-101 compliant resource.

For additional information:

Janet Lee-Sheriff

Chief Executive Officer

(604) 260-0289

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This news release contains forward-looking statements and assumptions pertaining to the use of proceeds from the Offering. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.

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