News Releases

March 5, 2009
Golden Predator Announces Voting Results of Special Meeting

Not for distribution in the United States or to U.S. Newswire Services


Vancouver, BC - March 5, 2009 - Golden Predator Mines Inc. (TSX:GP) ("the Company") is pleased to announce that shareholders of the Company overwhelmingly approved the arrangement between the Company and Golden Predator Royalty & Development Corp. ("GPRD") at the special meeting of shareholders held March 4, 2009. A total of 99.99% of the shares voted at the meeting were voted in favour of the arrangement, which on closing will result in the spin-out of Golden Predator Royalty & Development Corp. Completion of the transaction remains subject to court approval. 

About Golden Predator

Golden Predator is a tungsten and gold mining company focused on mineral development in Nevada and surrounding states. The Company recently announced the proposed segregation of its two main business components into separately listed public companies by spin-out of its gold and silver focused, precious metals portfolio to a new company by means of a plan of arrangement. The objective of the spin-out is to maximize shareholder value by allowing the market to independently value two very different businesses. The spin-out will result in a separate, revenue generating, Nevada focused gold company, in addition to allowing the existing company to re-focus its efforts as a specialty metals and alloys company working in tungsten, molybdenum, vanadium and uranium. Management is confident that having two separate operating businesses will accelerate the advancement and development of existing projects with a higher degree of certainty, and improved efficiency.

Further information on Golden Predator Mines Inc. is available on the SEDAR web site at www.sedar.com and on the company's web site at www.goldenpredator.com, or contact us as follows:

Golden Predator Mines Inc.

William M. Sheriff, CEO: (778) 855-7230
Steve Vanry, President: (604) 648-4660

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

Certain disclosures in this release, including management's assessment of Golden Predator's plans and projects and intentions with respect to the proposal and to a proposed spin-out, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects and the receipts of all necessary approvals and consents for the proposed spin-out and for the proposal. Readers are cautioned not to place undue reliance on forward-looking statements. Golden Predator expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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