Golden Predator Mines Inc. (TSX:GP) and Fury Explorations Ltd. (TSX VENTURE:FUR)
are pleased to announce that they have signed a definitive agreement dated July
8, 2008 relating to the business combination of the two companies. The terms of
the business combination agreement remain essentially unchanged from the letter
of intent announced on May 30, 2008.


Fury is currently preparing a circular for distribution to its securityholders
in respect of a special meeting to approve the business combination. The special
meeting has been scheduled for August 8, 2008.


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