Golden Predator Engages Gustavson to Provide Updated Mineral Resource Estimate

VANCOUVER, British Columbia, June 02, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports that the Company has engaged Gustavson & Associates (“Gustavson”) to provide an updated NI 43-101 Technical Report on mineral resources at the Brewery Creek Project in Yukon, Canada which is scheduled to be completed by Q3/20.  Final assays have been received and previously reported from 137 holes drilled in 2019 which Gustavson will incorporate into the updated resource model along with additional data.  Most of the drill holes are located along the Reserve Trend between, in and around the currently permitted and previously mined Fosters-Kokanee-Golden-Lucky pits.

Gustavson will utilize the same methodology and parameters used in the January 15, 2020 update where they consolidated previous mineral estimates from different estimators into one consistent mineral estimate with adjusted cut-off grades to provide the following Mineral Resource Estimate¹:

2019 Brewery Creek Mineral Resource Estimate(1)
Oxide	Tonnes	g/t	Gold Oz.
Indicated	21,140,000	1.13	765,000
Inferred	14,120,000	0.97	440,000
Sulfide	Tonnes	g/t	Gold Oz.
Inferred	8,570,000	0.99	270,000

**The resource estimate does not include material remaining on the heap leach pad or 2019 drill results.

Janet Lee-Sheriff, Chief Executive Officer notes: “Golden Predator was pleased with the updated Mineral Resource Estimate completed earlier this year, which resulted in a higher level of confidence in the potential at Brewery Creek for both mining and additional exploration. It was a significant milestone but only a marker on the path, not the final destination. We expect there will be further mineral resource studies as we continue to expand exploration drilling to test new targets along with additional delineation of known mineralized zones not yet included as resources.  We will also continue infill and step-out drilling in the known resource areas with an objective to establish more continuous mineralization between the known resources along the prominent structures.  We look forward to the updated study that incorporates a successful 2019 drill program within the licensed area of the mine project.”