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Golden Predator Enters Into A CDN$15,000,500 Bought Deal Agreement

Press Release

Vancouver, BC, February 17th, 2017: Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) (the “Company” or “Golden Predator”) has today entered into an agreement with Clarus Securities Inc., as lead underwriter, and GMP Securities L.P (collectively, the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis, or alternatively to arrange for the purchase of, as agent for substituted purchasers, a combination of 6,250,000 common shares (the “Common Shares”) and 2,703,000 flow-through common shares (the “Flow-Through Shares”) for aggregate gross proceeds of C$15,000,550 (the “Offering”). The Common Shares will be priced at $1.60 per Common Share and the Flow-Through Shares will be priced at $1.85 per Flow-Through Share. The Company has also granted to the Underwriters an over-allotment option to purchase up to an additional 937,500 Common Shares and up to an additional 405,450 Flow-Through Shares on the same terms as the Offering for a period ending 30 days following the closing of the Offering. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be C$17,250,633.

The Securities will be offered in the provinces of British Columbia, Alberta, and Ontario by short form prospectus, and in such other jurisdictions, including the United States and in those jurisdictions outside of Canada which are agreed to by the Company and the Underwriters, where the Common Shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The Offering is expected to close on or about March 17, 2017, subject to customary conditions and all regulatory approvals including the approval of the TSX Venture Exchange.

In connection with the Offering, PowerOne Capital Markets Limited has been appointed as a special advisor to the Company.

The proceeds raised from the Offering will be used by the Company to finance qualified Canadian exploration expenditures as defined in the Income Tax Act (Canada). The proceeds raised from the Offering will be used by the Company for exploration and for general corporate purposes.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Golden Predator Mining Corp.

Golden Predator Mining Corp., a well-financed Canadian gold mineral exploration company is expanding surface discoveries, at its 3 Aces project in Canada’s Yukon, through focused drilling. The 3 Aces property is a high-grade gold in quartz project with an exploration program underway that includes sampling, trenching, drilling and bulk sampling to define and interpret the project. The Company also holds the Brewery Creek project in Canada’s Yukon.

For additional information:

Janet Lee- Sheriff

Chief Executive Officer


[email protected]


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