Golden Predator Mines Inc.: Springer Project Overview and Progress Report

Golden Predator Mines Inc. (TSX:GP) is pleased to report on the progress it has
made in rehabilitating its 1,200 ton per day tungsten mill in Pershing County,
NV. This work is on schedule for operational status by the end of 2008 at which
time Springer would become the sole operational tungsten mill in the United
States.


Background

Golden Predator acquired a 100% interest in the Springer Mining Company from
General Electric Company ("GE") in December 2006 for total consideration of
US$4.5 million as well as assuming a $981,411 reclamation obligation. The
Springer Mining Company owns the Springer Mine property; a former tungsten
producing operation consisting of a 1360-ft vertical shaft and underground
workings, a stockpile of mineralized rock produced from underground, a tailings
pond, a 1,000 ton per day mill with tungsten, molybdenum and sulphide flotation
circuits, and certain water rights necessary for operation of the mill.


Tungsten was originally discovered and mined during the first World War with
intermittent production continuing from a number of the mines in the district
through 1982.


In 1977, Utah International Inc. ("UII") signed an exploration agreement with GE
and became the operator of the project. An April 1978, in-house report by UII
geologist C. Seel estimated 3,582,528 tons of material grading 0.454% WO3 in the
Sutton North workings, using a cutoff grade of 0.20% and a minimum mining width
of 2.5 feet. This estimate is in general agreement with other historical
estimates for the project as follows:




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Reported     Company             Million tons      %WO3
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1973         Hazen Research              3.79      0.45
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1973         General Electric            3.01      0.43
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1978         General Electric            3.58      0.45
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1983         General Electric            3.59     0.446
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1984         Union Carbide               3.42      0.43
-------------------------------------------------------



General Electric spent 71 million dollars on mine and mill construction,
development and maintenance from 1979 through 2006 when the property was sold to
Golden Predator.


Current Activities

Golden Predator personnel began work at the property in January 2007 and work
has been progressing rapidly. The current staff of 50 includes a mining
engineer, 3 geologists, 3 metallurgists, and an environmental permitting staff
as well as mechanics, laborers and administrative staff. Operational and
environmental permits were submitted to the state in late 2007. The crushing and
milling circuits are now operational and milling capacity is being upgraded from
1,000 tpd to 1,200 tpd The sulfide and scheelite flotation cells are
operational. Circuits that are currently being upgraded or rebuilt include
regrind and thickening lines, tungsten digester, molybdenum precipitation,
automated mill controls and the solvent extraction portion of the APT circuit.
All improvements necessary to produce a scheelite concentrate are scheduled for
completion prior to the end of the year.


Early this year the company received a Technical Report on the exploration
potential of the property entitled: "Technical Report on the Springer Mine
Property Pershing County, Nevada, USA" by independent consultants Ron Simpson,
P. Geo. and Tim Sandberg, P. Geo. dated January 28, 2008. This report provides a
summary of historic work in the Springer mine area and reviews modern drilling
and mine development work by GE and UII. The report recommends a two phase work
program of among other things, surface drilling of the Sutton beds in the South
Sutton and Uncle Sam areas and in the second phase, dewatering of the Sutton 3
shaft and underground rehabilitation and drilling. Exploration budgets
recommended in the report are $1.29 million and $4.77 million respectively, for
Phase I and Phase II work programs. The complete report and recommendations can
be found on SEDAR at www.SEDAR.com.


Surface delineation drilling is underway and will test previously known areas to
confirm historic resource estimates. Additionally, other sites of historic
surface mining will be drilled to identify further areas of near-surface
tungsten mineralization for resource estimation. This near surface
mineralization may be amenable to open pit mining. This work will be performed
by reverse circulation drilling and assay results will be released in a timely
manner.


Operations at Springer are overseen by Peter Bosse, Vice President of
Metallurgical Engineering, with 40 years experience in recovery of metals, mine
management, design, engineering and construction. He was formerly with Anglo
American, Caraiba Metais, Wyoming Mineral Corporation, Rocky Mountain Energy,
and West Gold.


Cliff Nelson is the General Manager of Springer. Mr. Nelson received his B.S. in
metallurgical engineering from Michigan Technological University and has over 25
years experience in metallurgy, operations management, startup, design and
optimization with offshore, open pit and underground mines. Former assignments
are with Cleveland Cliffs, Inspiration Resources, West Gold, Magma Copper, BHP
and St. Andrew Goldfields.


John Barta is the Manager of Environmental & Permitting at Springer. Mr. Barta
has over 20 years of experience in permitting and environmental work on gold and
tungsten mines. Mr. Barta was formerly with Jipangu International, Apollo Gold,
US Bureau of Land Management, Placer Dome Inc., Getchell Gold Corporation and
First Miss Gold.


Robert, J. Stepper is a metallurgical/materials engineer with a B.S. in
metallurgy from Montana Tech. He has 19 years experience in the recovery of
precious and base metals, mill management, mill startup, and engineering.
Previously Mr. Stepper worked for Newmont Mining, Montana Resources, and
Stillwater Mining, Randy Harris is the Safety and Security Manager at Springer.
Mr. Harris has over 30 years of mining experience working within the gold
industry including positions with Houston Oil and Minerals, Tenneco Minerals and
Round Mountain Gold. More recently he was the Winnemucca District Mine Safety
and Health Officer for the State of Nevada.


James Park, M.Sc. Geology, is the senior geologist at Springer with over 35
years experience in exploration and production geology. Mr. Park has an
extensive operating and technical management background in tungsten and gold
projects throughout the Great Basin. He was the senior mine geologist at
Springer during its development, operations and shut down in the 1970's through
the 1980's. He has worked for General Electric Co., Utah International, and
Magma Gold prior to joining Golden Predator.


Information presented here on historical resource estimates was reviewed and
approved by Art Ettlinger, Ph.D., P. Geo. the COO of the company and a Qualified
Person as defined under National Instrument 43-101. All historical resource
estimates quoted herein are based on prior data and reports obtained and
prepared by previous operators and certain other information. The historical
estimates should not be relied upon. No qualified person (as defined by NI
43-101) has done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves. Golden Predator has not completed the
work necessary to verify the classification of the mineral resource estimates
and is not treating the historical estimates as current mineral resources or
mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101. Further work
will be required to evaluate these resource estimates.


Information Regarding Forward-Looking Statements: Except for historical
information contained herein, the statements in this Press Release are
forward-looking statements. Forward-looking statements involve known and unknown
risks and uncertainties, which may cause Golden Predator's actual results in
future periods to differ materially from forecasted results. These risks and
uncertainties include, among other things: volatility of natural resource
prices; product demand; market competition and risks inherent in the company's
operations. These and other risks are described in the Company's public filings
with Canadian Securities Regulators available at www.sedar.com.