Dubbed the Rogue district, the properties comprise, in the aggregate, 3,154 quartz mineral claims covering about 659 square kilometers, or nearly 255 square miles, of monzonitic intrusions.

“This acquisition doubles not only Golden Predator’s land holdings but also the number of active projects we have in the Yukon. The potential of the Tintina trend and more particularly the Tombstone Gold Belt is just beginning to be realized on the heels of several significant recent discoveries” said Golden Predator Chairman and CEO William M. Sheriff. “We are extremely excited to have this district-sized land package, which is immediately north of our Cynthia project, in our property portfolio. We look forward to conducting a number of geological studies on the entire area next year in preparation for a major drill campaign."

The Rogue district is located about 190 kilometers, or 118 miles, northeast of Ross River, in east-central Yukon. The project areas lie immediately north of the Golden Predator’s Cynthia project, which is currently being drilled within the eastern Tintina Gold Belt. The Tintina Gold Belt hosts several major deposits including Donlin Creek, Pogo, Fort Knox in Alaska and Keno Hill, Dublin Gulch and Brewery Creek as well as the recently discovered Rau, White Gold and Coffee deposits in Yukon. The Rogue district is located about 20 kilometers north of a winter road extending from North Canol Road to the Plata airstrip, and is accessible by helicopter and float plane.

The Rogue district projects (referred to as Projects A through F) were staked to cover several Cretaceous Tombstone Suite monzonite intrusions, which intrude Proterozoic and Paleozoic metasediments of the Selwyn Basin, with associated gold-arsenic soil anomalies and known intrusion-related gold mineralization, epithermal gold-silver veins, and porphyry copper-gold deposits (Yukon Geological Survey Minfile 105O 009, 030, 039, 054, and 055). Historical grab samples of mineralized sheeted quartz veins up to 22.5 grams per metric ton have been reported in previous assessment reports.

Golden Predator is currently compiling all historical geological data for the Rogue District, and will use this data to plan future work programs for this property leading to the establishment of drill targets in 2011.

The company has acquired options on the six separate claim blocks, each comprised of between 446 and 586 quartz claims. As consideration for the options, Golden Predator will pay to 18526 Yukon Inc. (owned by longtime Yukon prospector Ron Berdahl) C$25,000 and issue 250,000 common shares. In addition, the company will reimburse 18526 Yukon Inc. for out-of-pocket staking costs incurred of about C$490,000 and, following confirmation of registration of certain of the claims comprised in the property, an additional sum of C$330,880.

To exercise all of the options, the company will, in stages, pay and issue an additional C$3.475 million and 4,250,000 shares (3,650,000 of which are subject to a value cap of C$7.1 million) by September 2017 and incur exploration expenditures of C$10 million by Dec. 31, 2015.

Future cash and share obligations will be reduced by 14 percent for each claim block that the Golden Predator drops.

Each of the claim blocks will be subject to a 3 percent net smelter return royalty in favor of 18526 Yukon Inc., and the Golden Predator has the right to repurchase 1 percent of the NSR on any particular claim block for C$1 million. Of the C$3.475 million to be paid in cash, C$2.175 million is an advance royalty payment which will be deducted from any payments due under the NSRs.

In addition to the upfront cash and share payments, Golden Predator has committed to paying an additional C$50,000 in cash and issuing an additional 150,000 shares on the first anniversary of the agreement, as well as incurring C$1,000,000 of exploration expenditures on the property before Dec. 31, 2011. All other payments, expenditures and issuances are optional.