Golden Predator Royalty & Developm

VANCOUVER, BRITISH COLUMBIA, Nov 16 (Marketwire) --


    Golden Predator Royalty & Development Corp. (TSX VENTURE: GPD) (the
"Company") is pleased to report assays from 14 diamond drill holes
completed this summer at the Gold (Scheelite) Dome Project. Six of the
holes, drilled in the Tom Zone along the north slope of Sabbath Creek,
were targeting an area of auriferous calc-silcate alteration first
drilled by Golden Patriot Mining Inc. which completed 310 meters of
drilling in five drill holes during the 2003 field season. With the
intersection this summer of 11.12 grams per tonne gold from 10.25-35.65 m
in drill hole GD09-007, the Tom Zone has gained importance as a primary
focus for the 2010 field season. The Tom Zone is one of several distinct
gold targets identified to date within the 30 square kilometer soil
geochemical anomaly present at Gold (Scheelite) Dome. The Company is
planning an accelerated campaign next year to further evaluate the
numerous known gold targets as well as identify additional gold targets
within the very large anomaly area.

   Drilling at the Tom Zone formed part of a larger Phase 1 drilling
campaign on the Project undertaken by True North Mining Corp., the
Company's wholly-owned Yukon subsidiary, which also included first time
drilling at the Toby and Hawthorne Vein Zones. Each of the six holes
(1,173 m) drilled at Tom returned gold values greater than 1 gpt. The Tom
Zone drilling targeted extensions of gold mineralization intersected in
diamond drill core during Golden Patriot's 2003 exploration program and
was designed in particular to follow up the previous best intersection
from that program of 6.40 m at 7.09 gpt Au from 5.00 m in diamond drill
hole SH03-30. Drill hole GD09-004 was collared 85 m to the south of
SH03-30, at the location of 2003 diamond drill hole SH03-31. This 2003
hole was shut down prematurely due to poor recovery and drilling
problems, and was designed to target test pit 97-14, which returned up to
25,000 ppb Au in grab samples. Drill hole GD09-004 intersected narrow
quartz-sulfide veins and up to 2% coarse-grained arsenopyrite in
partially oxidized phyllite, which returned 1.78 m of 3.50 gpt Au from
5.39 m. The hole also intersected 0.21m of 75.33 gpt Au in partially
oxidized calc-silicate skarn-altered phyllite/quartzite from 5.18 m. This
interval likely represents an intersection through transported material.
However, given the nature of the local topography, it is unlikely that
this material was transported over any great distance, and this result
provides evidence for high grade mineralization in the immediate Tom Zone
area, above drill hole GD09-004.

   Hole GD09-005 was drilled 100 m to the north-east of hole SH03-30, and 35
m behind drill hole SH03-29, which previously returned 1.22 m of 5.06 gpt
Au from 20.12 m. Hole 005 intersected calc-silicate skarn and
semi-massive to massive, coarse-grained arsenopyrite, with minor pyrite
and pyrrhotite and trace chalcopyrite, which returned a best result of
4.15 m of 6.23 gpt Au from 26.77 m, and disseminated and vein-hosted
arsenopyrite associated with tourmaline and actinolite alteration, which
returned 1.95 m of 3.75 gpt Au from 55.7 m. Hole GD09-006 was drilled 50
m south-east, directly along section, of hole SH03-30, and also
intersected calc-silicate skarn with semi-massive coarse-grained
arsenopyrite. This hole returned a best result of 1.03 m of 21.64 gpt Au
from 13.62 m. Hole GD09-007 was collared on the same setup as 006, but
was oriented 45 degrees to the west, and was designed to target the
mineralization intersected in drill hole 006. Two mineralized
intersections comprising clinopyroxene and tremolite-actinolite altered
phyllite and up to 25% coarse-grained
arsenopyrite+pyrite+pyrrhotite+chalcopyrite were identified, and returned
best results of 2.70 m of 52.35 gpt Au from 13.00 m and 10.45 m of 12.96
gpt Au from 25.20 m. Holes GD09-008 and 009 were drilled 90 and 25 m west
of hole GD09-006, respectively. These were vertical holes designed to
test the possibility of flat-lying mineralization, however, they did not
intersect the zones of skarn-altered semi-massive sulphide mineralization
identified in holes GD09-005, 006 and 007. Minor gold mineralization in
these holes was associated with weak calc-silicate skarn alteration and
quartz veins in silicified phyllite.


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     Drill Highlights from Tom Zone - Gold (Scheelite) Dome Project, YT
                     Assay Intervals greater than 1 gpt
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                                            Interval,
Drill Hole #         From, m       To, m           m     Au, gpt     Au, opt
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GD09-004                5.18      7.16(1)       1.98       10.87        0.32
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GD09-005               21.34       30.92        9.58        2.56        0.07
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       Including       27.44       30.92        3.48        5.39        0.16
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       Including       30.01       30.92        0.91       12.59        0.37
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GD09-005               55.70       57.63        1.93        2.46        0.07
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GD09-005              161.99    163.15(2)       1.16        1.17        0.03
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GD09-006               13.62       15.54        1.92       11.55        0.34
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       Including       13.62       14.65        1.03       21.64        0.63
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GD09-007               10.25     35.65(3)      25.40       11.12        0.32
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       Including       10.25       18.60        8.35       17.56        0.51
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       Including       13.00       15.70        2.70       52.35        1.53
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       Including       25.20       35.65       10.45       12.96        0.38
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       Including       26.65       27.91        1.26       21.87        0.64
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       Including       30.97       33.92        2.95       19.08        0.56
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GD09-007              240.15      243.25        3.10        1.12        0.03
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GD09-008               59.93       61.49        1.56        1.23        0.04
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GD09-008               64.61       66.60        1.99        1.00        0.03
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GD09-009               77.90       79.67        1.77        1.00        0.03
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(1) Includes first recovered core interval from 5.18-5.39 m which appears
    less oxidized and may be locally transported.
(2) Part of a larger interval assaying 0.49 gpt over 12.14 m.
(3) Includes 9.50 m interval starting at 15.70 m that assays less than 500
    ppb Au.


   Gold mineralization at Tom is apparently associated with calc-silicate
skarn that is partially retrograde altered and contains significant
amounts of arsenopyrite, pyrrhotite, pyrite, and chalcopyrite.
Preliminary petrographic analyses have identified relict
clinopyroxene-plagioclase partly altered to tremolite-actinolite,
variable quartz, biotite or phlogopite, local carbonate, and sericite, as
well as scheelite. Gold mineralization is, at least in part, associated
with geochemical enrichment in W-As-Bi-Te-Ag-Se.

   The remaining eight holes were drilled on the Hawthorne
quartz-arsenopyrite-stibnite-scorodite Vein and represent the first
drilling at this occurrence. The Hawthorne Vein was originally staked and
identified in 1916, and was explored by hand and mechanical trenching
intermittently between 1933 and 1965, then again 1997, when Kennecott
Canada Exploration Inc. trenched along the Vein footwall while exploring
for a bulk mineable gold deposit. The Company has completed eight
closely-spaced shallow drill holes to explore for gold mineralization
within the Vein and to work out vein geometry. The Vein contains up to 5%
arsenopyrite+pyrite and possibly stibnite and 1% scorodite with narrower
quartz-sulphide veinlets also observed in the footwall to the Vein.
Highlights from this drilling include:

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Drill Highlights from the Hawthorne Vein - Gold (Scheelite) Dome Project, YT
                     Assay Intervals greater than 1 gpt
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                                            Interval,
Drill Hole #         From, m       To, m           m     Au, gpt     Au, opt
----------------------------------------------------------------------------

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GD09-010               56.39       57.93        1.54        1.43        0.04
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GD09-012               20.00       22.15        2.15        3.79        0.11
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GD09-012               48.96       50.40        1.44        1.92        0.06
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GD09-013               48.68       50.39        1.71        2.29        0.07
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GD09-014               14.20       27.43       13.23        1.40        0.04
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GD09-015               24.35       25.81        1.46        2.81        0.08
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GD09-015               36.35       38.87        2.52        5.17        0.15
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GD09-015               92.77       94.37        1.60        2.34        0.07
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GD09-016               14.74       16.46        1.72        1.96        0.06
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   Results of the drilling indicate that the Hawthorne Vein is a complex
structure that pinches and swells and appears to have some development of
anastamosing secondary veinlets in its footwall. During the winter
drilling hiatus, the Company's geologists will review known structural
and geochemical data for the Hawthorne area to determine what, if any,
follow up work is warranted for this showing in 2010.

   Further information about Gold (Scheelite) Dome, including a geologic
description of the property, as well as information on the Company's
other Yukon projects can be found in the Company's news release dated
September 28, 2009.

   Quality Assurance - Quality Control

   ACME Analytical Laboratories of Vancouver, B.C. performed all sample
preparation and analyses. Core samples were logged and sampled at the
Project site under the supervision of the Project Geologist and then
expedited in sealed bags to Whitehorse where they were shipped via common
carrier to Vancouver. After being received and logged in at the
laboratory, a 2 kg split of core was dried then crushed to 80% -10 mesh.
A 250 g split was then pulverized to 85% -200 mesh.

   A 15 g split of each sample was analyzed by ICP-MS after aqua regia
digestion to yield a 37 element scan. All samples yielding greater than
500 ppb gold then underwent a 30 g fire assay with an ICP-ES finish.

   QA/QC procedures followed for the diamond drilling program include
submittal of assay standards for analysis approximately every 30 samples
as well as a blank and a duplicate sample of quarter core at
approximately the same frequency.

   All assays are reported as drilled width and are not to be interpreted as
true widths. Dr. Art Ettlinger, P.Geo. & Vice-President of Corporate
Development is the Qualified Person for the above Project and is
responsible for the technical content of this news release.

   About Golden Predator Royalty & Development Corp.

   Golden Predator's corporate mandate is to establish a self-funded
precious metals exploration company with an immediate focus on exploring
for and developing world class gold deposits in the Yukon's Tintina Gold
Belt, where the Company is aggressively exploring its Gold (Scheelite)
Dome, Antimony Mountain and Brewery Creek Projects. Brewery Creek, a
permitted former producer, hosts an indicated resource of 3.98 million
tonnes grading 1.135 gpt Au (145,000 oz) and an inferred resource of 2.2
million tonnes grading 2.01 gpt Au (143,000 oz) using a cutoff grade of
0.5 gpt Au (Simpson, 2009).

   The Company's Yukon operations are supported by four divisions: the
Royalty Division partially self-finances the Company's exploration
activities through its passive royalty stream, holding 29 properties. The
Advanced Assets Division includes the Taylor Mine and Mill which hosts a
43-101 silver resource, as well as the Company's Alkalic Gold program in
Wyoming and the Lewis-Phoenix and Bonterra joint ventures. The Nevada
Division is drilling a number of its properties with bonanza-style gold
mineralization, including Angel's Camp, Adelaide and Golden Ridge, to
identify one or more targets for the near term production of
small-tonnage high grade ores. The Company intends, through its strategic
use of modular mills at its Taylor and Humboldt mill sites, to become a
mid-tier precious metals producer. The Non-Core Assets Division is
responsible for disposing of non-core properties to augment the Company's
treasury and royalty portfolio.

   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.

   Neither TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
Golden Predator Royalty & Development Corp.
William Sheriff
Chairman & CEO
(604) 648-GOLD

Golden Predator Royalty & Development Corp.
John Legg
President
(604) 648-4653
www.goldenpredator.com