CYNTHIA PROPERTY
SELWYN BASIN DISTRICT: YUKON

The Cynthia Project is located 160 km northeast of Ross River, and 60km west of the Mactung Deposit, in north eastern Yukon within the productive Tintina Gold Belt which hosts several major deposits including Donlin Creek, Pogo, Fort Knox, Keno Hill, Casino and the recently discovered White Gold deposit.

In October 2010 the Company acquired an additional 173 quartz claims at the Cynthia Property, increasing the total number of claims to 391 claims covering ~789 km2.

The property covers a large (greater than 2x2 km) zone of alteration related to a Cretaceous Tombstone Suite quartz monzonite intrusive body. Gold grades of up to 16 gpt have been obtained at the intersections of several mineralizing structures.

The property is located approximately 10 km north of a winter road extending from the North Canol Road to the Plata Airstrip, and is accessible by helicopter.

Golden Predator has an option to earn 100% interest in the property, subject only to a 3% NSR Royalty and the terms of the Option Agreement.

The Cynthia property was originally staked as the ART 1-12 claims in 1967 by the Hess Project (Atlas EL, Quebec Cartier Mining Company, and Phillips Brothers (Canada) Ltd.), and in 1968 the companies performed grid soil sampling and magnetic and electromagnetic surveys (Yukon MINFILE, 2001).

In 1981 the property was restaked by Union Carbide Canada Ltd., who conducted mapping and geochemistry surveys which located weakly pyritic to arsenopyritic quartz veins that returned values up to 3.13 gpt Au, 775 gpt Ag, 795 gpt Sb and 1.7% Pb. Breccia zones returned values up to 660 ppb Au, and a black chert breccia returned 3.7% Pb and 948 gpt Ag.

The property was restaked again in 1991 as the Hess 1-64 claims and again in 1995 as the EM 1-112. Yukon Gold Corp. and Cyprus Canada both held options on the property and conducted soil sampling and reconnaissance programs in 1995 and 1997 respectively.

The property covers a large (greater than 2x2 km) area of gold mineralization associated with two Cretaceous Tombstone Suite Quartz Monzonite intrusions intruding into a gossanous limestone, in the Northeast portion of the Tintina Gold Province.

The gold mineralization at the Cynthia Property is structurally controlled and is concentrated along district--scale fault zones. These northwest-striking structures host abundant gold-bearing massive and drusy quartz veins with zones of intense stockwork and strong brecciation, as well as numerous mineralized felsic dykes.

Samples from the mineralized structures have given gold grades in the range of 200 ppb to 2.0-3.0 gpt Au, with higher (up to 16 gpt Au) values attributed to the fault intersection areas. Gold mineralization is associated with sulphide minerals including pyrite and arsenopyrite and often have elevated As, Bi, and Ag values associated with the higher gold values.

A later mineralizing episode produced sulphide mineral-bearing chalcedony and drusy quartz veins, with gold concentrations accompanied by elevated Sb, Hg, Ag and Pb values, suggesting the probability of epithermal style gold mineralization as well as intrusion-related gold mineralization.

A 1,099.77 metre diamond drilling program was completed in August-September 2010. This seven-hole program was designated to test a 2X2 km surface rock gold geochemical anomaly in the range of 200 ppb to 2.0-3.0 gpt Au reported by Soloviev et al. (2003). The most significant drill intercept was from hole DD-CY10-003, with 0.91 gpt Au and 2.26 gpt Ag over a width of 10.0 metres (Table 6).

The first three holes were drilled to test a major NW-striking shear zone hosting a clay-altered porphyritic dike in its hanging wall. The fourth hole was designed to locate the western extension of the porphyry unit. The three final holes were drilled to test mineralization in high-density chalcedony-silicified vein swarms in the metasediments. The veining is associated with the regional NW-striking shear zones.

The 2010 drilling program at the Cynthia Property confirmed the following previously mapped alteration types: a chalcedonic silicified alteration in a well-bedded metasediments sequence and a strong clay alteration associated with narrow quartz porphyry dikes. A major NW-striking shear fracture system was the main conduit for the quartz porphyry dikes and mineralized fluids.

Future work on the property will test the continuity of the main NW-trending mineralized structures, including those associated with an adjoining quartz porphyry dike units.

The Company has incurred exploration costs of $748,009 in total to February 28, 2011.

Gilles Dessureau, MSc, PGeo, employed by the Company as a Senior Geologist, is the Qualified Person as defined under National Instrument 43-101 and has reviewed and verified the information presented on the Company's Cynthia Property.