Golden Predator Further Expands Brewery Creek's Bohemian-Schooner Zone

TSX:GPD
www.goldenpredator.com

VANCOUVER, July 7, 2011 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") is pleased to announce additional assay results from the eastern section of Bohemian-Schooner Zone at its flagship Brewery Creek Project. Significant results include 46.5 m of 1.54 g/t gold in hole BC11-212 beginning at a depth of 22.5 m and 10.87 m of 7.57 g/t gold in hole BC11-227 beginning at a depth of 33.5 m. Eight of the thirteen new holes intersect significant mineralization. The Bohemian-Schooner Zone has now been extended to approximately 1 km in length and remains open along strike to the east as well as down dip.

These latest holes were designed to delineate the main structure along the eastern section of the Bohemian-Schooner Zone. Peripheral holes that were drilled through strata that comprise either the hanging wall or footwall of the target structure also show minor mineralization away from this main structure. The central portion of the zone is located under a bog which the Company intends to infill drill during the winter freeze-up. Drilling continues on the easterly extension of the Bohemian-Schooner Zone as well as other high-priority targets throughout the Project area.

Additional 2011 Diamond Drill Holes at Bohemian-Schooner Zone Brewery Creek, YT Significant Intercepts ^(1), ⁽²⁾
Drill Hole	From (m)	To (m)	Interval (m)	Gold (g/t)
BC11-211	71.24	95.40	24.16	1.39
including	71.24	77.72	6.48	4.68

BC11-212	22.50	69.00	46.50	1.54
including	29.00	40.50	11.50	2.56
and	51.00	59.40	8.40	3.13

BC11-213	No significant results

BC11-215	66.00	74.00	8.00	1.42

BC11-216	9.00	11.00	2.00	1.30

BC11-218	No significant results

BC11-220	No significant results

BC11-221	14.00	35.00	21.00	0.66
including	26.00	35.00	9.00	1.01

BC11-222	27.50	39.00	11.50	0.82

BC11-224	No significant results

BC11-225	21.00	33.50	12.50	2.35

BC11-227	33.53	44.40	10.87	7.57

BC11-228	No significant results

⁽¹⁾	Results where g/t x m is less than 2.5 are not reported in this table, unless the individual grade was ≥ 1 g/t gold over a minimum of 2.0 metres. Other intervals require ≥0.5 g/t gold to be included.
⁽²⁾	Grams per tonne (g/t) to troy ounces per short ton: g/t divided by 34.2857 or multiply by .0292. Metres to feet: 1 m equals 3.28084 ft.

Overview of the 2011 Brewery Creek Drill Program
The 2011 drill program at Brewery Creek has been designed to expand the recently discovered Bohemian-Schooner Zone and evaluate numerous coincident geophysical and geochemical anomalies. Ongoing drilling continues to test strike and dip continuity of mineralization along this major structure as well as adjacent areas and explore for potential subsidiary structures. In addition, drilling has commenced on several other target areas elsewhere on the expansive Brewery Creek Project.

The Brewery Creek Project is located 55 km due east of Dawson City, Yukon and comprises 997 quartz claims over 187 km². Brewery Creek was the site of a heap-leach gold mine that operated from 1996‐2002 and produced 279,541 ounces of gold. Current resources remaining on the property include an Indicated Resource of 3.98 MM tonnes grading 1.135 g/t gold and an Inferred Resource of 2.2 MM tonnes averaging 2.01 g/t gold (Diment and Simpson, 2009). The Brewery Creek Project is authorized under a Type A Water License and a production license with expiry dates of December 31, 2021.

The complete results of the Brewery Creek 2011 drill programs, with accompanying maps, are available at: http://www.goldenpredator.com/documents/GPDNR11-26-BC-Schooner-results-XX.pdf

Sampling Methodology, Quality Control and Assurance
Samples were fire assayed by ALS Chemex in Vancouver. Refer to the Company's news release dated March 24, 2011 for a complete discussion of sampling methods, quality control and assurance.

The technical content of this news release has been reviewed and approved by Bruce R. Otto, MSc, PGeo, CPG, the Company's Senior Structural Geologist and a Qualified Person as defined by National Instrument 43-101.

About Golden Predator Corp.
Golden Predator Corp., a well-funded exploration and development company, has a mandate to be the leading gold property explorer and developer in Yukon, Canada. Golden Predator has a vast Yukon property position with three advanced gold projects, 6 pipeline prospects as well as exploration landholdings comprising over 2,300 km². Drilling continues at the Company's flagship Brewery Creek Project and at Grew Creek, and has begun at Clear Creek. In 2011 Golden Predator will work towards completing initial resource estimates for Grew Creek and Clear Creek and updating the existing resource estimate for Brewery Creek, in addition to conducting initial drilling at the recently acquired Harlan project.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.