Golden Predator Approves Creation of Shareholder Rights Plan, Finalizes Name Change

TSX:GPD

www.goldenpredator.com

WHITEHORSE, YT, Feb. 7, 2013 /CNW/ - Golden Predator Corp. (TSX: GPD) (the "Company") announces that as a result of the recent trading volume in the stock and pending reorganization, Golden Predator's Board of Directors is investigating various alternatives to protect shareholder value including but not limited to the possible implementation of a Shareholder Rights Plan ("Rights Plan"). The Rights Plan would also be subject to the approval of the Toronto Stock Exchange and approval by a majority of the Company's shareholders at a meeting intended to be held in connection with the previously announced spinoff of the Company's exploration and development projects in the Yukon. The Company also announces the Company is proposing to proceed with a name change to Americas Bullion Royalty Corp., subject to obtaining stock exchange approval.

Rights Plan
The purpose of the Rights Plan would be to provide shareholders and the Golden Predator Board of Directors with adequate time to consider and evaluate any unsolicited bid made for the Company. In particular, the Rights Plan would provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives (if considered appropriate) to any such unsolicited bid, to encourage the fair treatment of shareholders in connection with any takeover bid for the Company and to ensure that any proposed transaction is in the best interests of the Company's shareholders.

About Golden Predator Corp.
Golden Predator Corp. announced on January 18, 2013 a planned change of name in order to focus entirely on royalty and streaming by building on its existing portfolio of 34 projects. Golden Predator Canada Corp. will continue to advance the Brewery Creek Project as a separate entity to be divested to shareholders by spin-out or similar transaction.

Americas Bullion Royalty Corp. will focus on royalty and streaming assets providing revenue as well as lower risk exposure to shareholders through project diversity in first world jurisdictions. The Company's existing portfolio is highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold Rock deposits, as well as 2 separate projects encompassing more than 34 square miles at Barrick's Bald Mountain project in Nevada.

The Company holds additional royalties including a Net Smelter Royalty on the Taylor Silver project and a portion of the Tonkin Springs project also in Nevada. The entire package comprises more than 100,000 acres located primarily in Nevada, with 7 of the projects located in Wyoming, Oregon, California and Mexico. Current royalty revenue is anticipated to experience acceleration as early as 2014 as several of these projects begin to advance. As Americas Bullion Royalty Corp., the Company's royalty portfolio is unique in the mineral development industry due to its ability to receive the majority of projected revenues in-kind (gold bullion as opposed to cash).

Golden Predator Canada Corp. will remain the Yukon's Gold Company, and will be mandated to become the Yukon's next gold producer by advancing its 100% owned Brewery Creek Project with a production goal of 2014. The Company has an extensive exploration portfolio in the Yukon including advanced road accessible assets at Clear Creek, Grew Creek and Gold Dome along with the Cache Creek and Rogue projects in the Selwyn Basin. Golden Predator Canada Corp. will continue to have one of the largest controlled land positions in the Yukon, and is proud of their demonstrated commitment to strong relationships with First Nations and local communities.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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.

SOURCE: Golden Predator Corp.

Golden Predator Corp. 
William M. Sheriff, Chairman & Chief Executive Officer
[phone]
[email protected]
www.goldenpredator.com