Update to early warning report for Golden Predator Mining Corp.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Nov. 2, 2016 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced today that as of October 12, 2016 it held less than 10% of the issued and outstanding common shares of Golden Predator Mining Corp. (the "Issuer").

Between September 30, 2016 and October 12, 2016, FCMI Parent sold 137,500 common shares of the Issuer ("Shares").  On October 12, 2016, FCMI Parent sold an additional 99,000 Shares.  Immediately prior to this sale, FCMI Parent held 3,862,500 Shares, and 4,000,000 Share purchase warrants of the Issuer ("Warrants"), representing 10.09% of the issued and outstanding Shares, assuming the exercise in full of the Warrants held by FCMI Parent.  Immediately following this sale, FCMI Parent held 3,763,500 Shares, and 4,000,000 Warrants, representing 9.96% of the issued and outstanding Shares, assuming the exercise in full of the warrants held by FCMI Parent.  The 99,000 Shares were sold at an average price of $0.76 per Share, for aggregate proceeds of $75,230.  Since October 12, 2016, FCMI Parent has sold an additional 363,000 Shares, such that, as of the date hereof, it holds 3,400,500 Shares and 4,000,000 Warrants, representing 9.50% of the issued and outstanding Shares, assuming the exercise in full of the Warrants held by FCMI Parent.

FCMI Parent is ultimately beneficially owned and controlled by Albert D. Friedberg and members of his immediate family.

The securities were disposed of for investment purposes. FCMI Parent or any of its joint actors may, in the future and subject to applicable law, acquire or dispose of Shares or other securities of the Issuer depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities.

An early warning report respecting this acquisition will be electronically filed with the applicable securities commission in each jurisdiction where the Issuer is reporting and will be available at www.sedar.com.

FCMI Parent Co.
BCE Place, 181 Bay Street
Suite 250
Toronto, Ontario
M5J 2T3

SOURCE FCMI Parent Co.

or to obtain copy of the early warning report, please contact Dan Scheiner at [phone].