Golden Predator Appoints Michael O'Brien CFO; Announced as First Sponsor of
Yukon First Nations 2010 Project

TSX: GPD

    www.goldenpredator.com
    

VANCOUVER , Jan. 7 /CNW/ - Golden Predator Royalty & Development Corp. (TSX:GPD) (the "Company") is pleased to announce the appointment of Michael O'Brien as the Company's Chief Financial Officer.

Michael O'Brien

Michael O'Brien brings more than 25 years of experience to the Company's financial management and regulatory compliance team. Since 2006 Mr. O'Brien served as Chief Financial Officer of Africo Resources Ltd. a TSX-Listed mineral exploration and development company with operations in the Democratic Republic of the Congo . Prior to this Mr. O'Brien served as Chief Financial Officer of Irvin & Johnson Ltd., an international fishing and seafood processing company, and as Manager of Finance of Soekor Exploration and Production (Pty) Ltd. (now part of PetroSA,). Mr. O'Brien qualified as a Chartered accountant in South Africa in 1986, and has been a member of the Canadian Institute of Chartered Accountants since 1991.

Yukon First Nations 2010 Project Sponsorship

The Company is also pleased to announce it has been named as the first corporate sponsor of the Yukon First Nations 2010 Project. The Project is intended to develop and deliver a world class program that will showcase and celebrate the Yukon's diverse and distinctive First Nations people and culture on the world stage and maximize the economic, social and cultural opportunities presented by venues including the 2010 Olympic Winter Games. The Project also includes a legacy component to continue to develop opportunities following the 2010 Games.

"Golden Predator is proud to be the first corporate sponsor of the YFN 2010 Project," said William M. Sheriff, Chairman & CEO. "We cannot imagine a better project offering the potential for a legacy in the Yukon."

In addition to corporate sponsorship, the Yukon First Nations 2010 Project is supported by the Canadian Northern Economic Development Agency (CanNor) and the Yukon Government. Further information is available at: www.yfn2010.org.

Resignations

The Company announces the resignations of Art Ettlinger as Vice-President, and Gary Arca as CFO, both of whom are leaving the Company to focus their attention on their other business interests. We thank both Dr. Ettlinger and Mr. Arca for their dedicated service and contributions to the Company.

About Golden Predator Royalty & Development Corp.

Golden Predator's corporate mandate is to establish a self-funded gold company focused on the Yukon, Canada .

The Company is focused on exploring for and developing world class gold deposits in the Yukon's Tintina Gold Belt, where the Company is aggressively exploring the Gold (Scheelite) Dome, Antimony Mountain, Clear Creek and Brewery Creek projects.

The Company is advancing its Adelaide project in Nevada with underground drilling and bulk sampling planned. In addition, further drilling is planned at Golden Ridge , and Lantern to potentially provide near term production of small-tonnage high grade ores. The Company intends, through its strategic use of modular mills at its Taylor and Humboldt mill sites, to become a gold producer capable of funding its Yukon program. In addition, the Company currently receives in excess of $1.0 M per year from its royalty stream.

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.

For further information: Golden Predator Royalty & Development Corp., Investor Relations: (604) 648-GOLD (4653)