Golden Predator Mining Corp. T.GPD

Golden Predator Advances Reopening of the Brewery Creek Mine

[dollardaze]

Site development work is underway following the receipt of formal notification from the Yukon Government  confirming the validity of the current Quartz Mining License and Water License which permits the immediate start of work to reactivate the Brewery Creek Mine. The 2019 exploration drilling program will test numerous targets across the property with the objective of expanding and upgrading the existing mineral resource.

At present, one reverse circulation drill rig is operating at the Brewery Creek Mine and has already completed 1,200 m of drilling. Two additional drill rigs are planned to commence drilling in mid-August 2019. In addition, the Company is mobilizing heavy equipment to commence pre-construction work in preparation for mine reconstruction which is expected to begin in earnest in 2020

Golden Predator intends to proceed with a feasibility study on the Brewery Creek Mine, and thereafter, should the feasibility study support a production decision,  proceed to production in a safe, environmentally respectful manner that can provide economic benefit to the company, the local community, the Tr’ondk Hwch’in  (TH) and the Yukon.

Existing Water License and Quartz Mining License permits mining at  a rate of 4.0 million tonnes of mineralized material per year with gold processing and recovery by sodium cyanide heap leaching and activated carbon recovery.