Golden Predator Mining Corp. announced that it has entered into a mineral property purchase agreement with Bearing Resources Ltd. pursuant to which Golden Predator has agreed to purchase all of Bearing Resources' undivided interest in certain mineral claims located in the Upper Hyland River area in the southeast region of the Yukon Territory. In consideration for the claims, Golden Predator will pay to the vendor an aggregate cash payment in the amount of $275,000, payable over a forty eight month period from the execution date of the Agreement Pursuant to the Agreement, Golden Predator will grant to the Vendor a 2% net smelter return royalty on certain of the claims and a 1% net smelter returns royalty on the remaining claims (the NSR). Golden Predator may re-purchase 50% of the NSR, at any time, for the purchase price of $1,000,000.