Golden Predator Raises $2,700,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2009) - Golden Predator Royalty and Development Corp. (TSX VENTURE:GPD) (the "Company") announces that it has closed the previously announced non-brokered flow-through private placement of up to 3,000,000 flow-through common shares at a price of $0.50. The offering was oversubscribed and the Company has issued a total of 4,400,000 flow-through shares for gross proceeds to the Company of $2,200,000. The $2,200,000 raised by the issuance of flow-through shares is in addition to the $500,000 non flow-through $0.50 unit financing announced July 14th, 2009 under which the Company issued 1,000,000 non-flow through units at a price of $0.50 per unit to Evolving Gold (TSX VENTURE:EVG) as part of Evolving Gold's strategic initiative to deploy capital in near term production opportunities where management is of a high calibre and has a proven track record. Each unit issued to Evolving Gold consists of one common share and one warrant exercisable for an additional common share at a price of $0.75 until January 14, 2011. Evolving Gold is the optionee of the Company's Rattlesnake Hills Property, as consideration for which the Company has received 2,000,000 shares of Evolving Gold to date (which the Company retains) and for which the Company anticipates being issued an additional 1,000,000 shares of Evolving Gold in January 2010. The proceeds of the flow-through private placement will be used to fund the 2009 exploration programs on the Company's Yukon exploration properties, and the proceeds of the non flow-through private placement will be used for general working capital purposes. Of the 4,400,000 flow-through shares issued, 730,000 are subject to a hold period expiring November 22, 2009 and 3,670,000 are subject to a hold period expiring December 8, 2009. The shares and share purchase warrants comprised in the 500,000 non-flow-through units are subject to a hold period expiring November 15, 2009. The Company paid finders' fees of $46,290 to registered dealers for the placement of sales of the Flow-Through Shares. The Company also announces that it has appointed John Legg as its Executive Vice-President of Corporate Affairs and General Counsel. Mr. Legg, previously General Counsel for a private mining company operating in Mexico, has 15 years experience advising companies in natural resources, securities and corporate finance law as well as the planning, structuring and implementation of mergers and acquisitions in Canada and the United States. Mr. Legg is a member of the Law Society of British Columbia and the Business and Securities Law Subsections of the Canadian Bar Association, and holds a BA from the University of British Columbia and an LLB from Dalhousie Law School. About Golden Predator Royalty & Development Corp. Golden Predator's corporate mandate is to establish a self-funded precious metal exploration company with an immediate focus on exploring for and developing world class gold deposits in the Tintina Gold Trend. The Company seeks internal revenue generation from early high grade precious metals production in Nevada augmented by increasing revenues from its royalty portfolio. In the Yukon, in 2009 the Company is aggressively exploring its three Yukon properties, Gold Dome, Brewery Creek, and Antimony, in the prolific Tintina Gold Trend through its wholly owned subsidiary True North Mining Corp. Brewery Creek currently is authorized under mining leases, a Type A water license and a production license. In Nevada, Golden Predator is planning to drill a number of its properties with bonanza-style gold mineralization in 2009 with the intent of identifying one or more properties for near term production of small-tonnage high grade ores. The Company intends, through its strategic use of its Taylor Mill near Ely, Nevada and a facilities use agreement at EMC Metals Corp.'s Springer Facility in Pershing County, Nevada, to become a mid-tier precious metals producer. Golden Predator is partially self-financed through its passive pre-production royalty stream from a portfolio of properties, anticipated to yield approximately $1.2 million during 2009. The Company owns royalties on several known deposits including a portion of the Barrick Bald Mountain property, the Pan deposit of Midway Gold, significant portions of US Gold's Tonkin Springs deposit and Evolving Gold's Rattlesnake project. 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. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.