NDG Nevgold Resource Corp.

Silver Predator Corp. ("Silver Predator") (TSX:SPD) and Nevgold Resource Corp.
("Nevgold") (TSX VENTURE:NDG) are pleased to announce the closing of the
arrangement whereby Silver Predator has acquired all of the outstanding
securities of Nevgold pursuant to an agreement dated December 9, 2011, as
amended and restated January 10, 2012 (the "Arrangement"). With the completion
of this arrangement, Nathan A. Tewalt has been appointed as Chief Executive
Officer and director, and Thomas Chadwick has been appointed as the Vice
President, Exploration.


"I am pleased to welcome Nate and his skilled technical team to Silver Predator,
and I am certain they will provide the direction necessary to advance our
Company's major asset base," said William M. Sheriff, Chairman. "I have had the
pleasure of working with Nate at Energy Metals Corp. and am excited at the
opportunity to reunite our professional alliance as we move Silver Predator
forward."


New Management Team

Nathan A. Tewalt, Chief Executive Officer and Director

Mr. Tewalt has over 25 years of experience in exploration and executive
management positions in the Western United States. Prior to the merger with
Silver Predator, Mr. Tewalt founded Nevgold Resource Corp. in 2007 and Colombian
Mines in 2006, serving as Chief Executive Officer for both companies. In 2006,
as President and CEO of Standard Uranium, Mr. Tewalt completed a private company
acquisition in Texas that resulted in the uranium explorer progressing from a
private start-up in 2003, gaining a public listing in 2004, and winding up as a
successful buy-out in 2006 by Energy Metals Corporation (subsequently acquired
by Uranium One for $1.8B). Prior to Standard Uranium, he was the co-founder and
Chief Executive Officer of Great Basin Gold, where he and his exploration team
discovered the Midas-style vein system and completed the Hollister 'Ivanhoe'
Mine acquisition. Mr. Tewalt is a Registered Geologist (Washington) specializing
in Nevada-style precious metals systems.


Thomas Chadwick, Vice President, Exploration

Mr. Chadwick is a Certified Professional Geologist with over 30 years of mineral
exploration and production-related mining experience. A graduate of the
Geoscience Program at the University of Arizona (BSc), Mr. Chadwick also
conducted post-graduate studies in geology at the University of Montana. Mr.
Chadwick has worked as an independent consultant both domestically and
internationally for clients that include Placer Dome, AngloGold, Barrick, and
Eurasian Minerals and has a reputation for excellent field mapping skills within
the Western United States exploration community. Mr. Chadwick has been
instrumental in a number of discoveries during his career, including the
Montanore deposit in Northwest Montana and the Hollister Mine in Nevada. His
work has been published in many venues, including the Geological Society of
America (1995), Economic Geology (1996), Mineralogy and Petrology (1997) and the
Nevada Bureau of Mines and Geology (Santa Reina Fields 7.5' map, 2006).


Members of this technical team have a long history of precious metals
exploration success in the western US, including sediment and volcanic hosted
deposits in Nevada and bedded copper-silver deposits in Idaho and Montana.
Consulting Geologist Richard Rukavina will continue his role on the team,
providing critical permitting and project management support. The newly combined
management and technical support staff be based in the field offices in Reno,
Nevada and Whitehorse, Yukon, and are presently completing the Company's
exploration and development plans for the 2012 field season.


2012 Exploration Update

Current project planning and permitting plans include field work and drilling in
Nevada, Alaska and the Yukon Territory, with a particular focus on advanced
exploration and pre-production planning at the Taylor Mine project in Nevada.


The Taylor mine exploration project, located 22 miles southwest of Ely, Nevada,
is Silver Predator's flagship property. The project hosts a NI 43-101 compliant
silver resource at a 1.2 oz/ton Ag cutoff of 14.9 million ounces classified as
measured and indicated (6.43 million tons averaging 2.31 oz/ton Ag), with an
additional 1.9 million ounces classified as inferred (0.76 million tons
averaging 2.54 oz/ton Ag) (Hester, 2010). 60 additional holes have been drilled
since the publication of this resource estimate. During 2012, the Company plans
to update the resource and continue the permitting process with the goal of
putting the open pit mining operation back into production. A mine area mapping
program will be critical to multiple drill programs now being planned to expand
the current mineralized footprint, while attempting to add additional deeper
resources. Mapping and surface sampling programs outside of the current resource
area are being designed that will help refine new silver and gold targets.


Exploration drilling will continue at the Plata and Rusty projects in the Yukon
where the company completed successful drill programs with highly encouraging
results in 2011.


In addition, the Company will begin initial exploration efforts at the Illinois
Creek Mine site in Alaska where open pit mining operations were conducted during
the late 1990s before being forced to close due to low precious metal prices.
Details as to exploration plans will be forthcoming in the near future following
corporate planning sessions now underway.


The Arrangement

Closing of the Arrangement took place on February 28, 2012, following approval
by Nevgold security holders and the British Columbia Supreme Court. Pursuant to
the Arrangement, Silver Predator issued 0.5 of a common share of Silver Predator
(collectively, the "Silver Predator Shares") for each outstanding common share
of Nevgold (the "Exchange Ratio"), resulting in the issuance of 7,059,000 Silver
Predator Shares. Outstanding warrants to acquire common shares of Nevgold now
entitle the holders thereof on exercise to receive Silver Predator Shares,
adjusted for the Exchange Ratio with a corresponding adjustment to the exercise
price.


Nevgold is now a wholly-owned subsidiary of Silver Predator, with the former
shareholders of Nevgold owning approximately 18.8% of the issued and outstanding
common shares of Silver Predator.


About Silver Predator Corp.

Silver Predator's corporate mandate is to explore and develop commercially
viable silver resources in the leading US silver districts of Nevada, Idaho and
Alaska, with a developing portfolio in Yukon, Canada. Working within stable
geopolitical jurisdictions, Silver Predator is focused on silver-dominant bulk
tonnage and high grade exploration and near-term production opportunities. A
management team with a demonstrated record of building shareholder value, plus
an exploration team with a history of exploration success in the western US and
Yukon provide the ability to build on the current foundation established from
our quality asset base.


None of the securities issued under the Arrangement have been or will be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws, and such securities are issued in the United States
pursuant to exemptions from such registration requirements. This press release
shall not constitute an offer to sell or solicitation of an offer to buy any
securities in any jurisdiction where such an offer or sale would be unlawful.


Forward-Looking Statements

This news release contains certain forward-looking information and statements
with the meaning of applicable Canadian and United States securities laws. The
use of any of the words "expect", "anticipate", "continue", "estimate",
"objective", "confident", "might", "proposed" and similar expressions are
intended to identify forward-looking information or statements. In particular,
but without limiting the foregoing, this news release contains forward-looking
information and statements pertaining to the exploration, development and
production of properties, including the proposed timing and success thereof,
permitting, and expected mineralization and mineral resources.


The forward-looking information and statements included in this news release are
not guarantees of future performance and should not be unduly relied upon.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties, which could cause
actual results to differ materially from those anticipated and described in the
forward-looking statements. Such information and statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
information or statements. These include, but are not limited to, risks
associated with fluctuations in the market price of the Company's common shares,
commodity price and exchange rate fluctuations and uncertainties and risks
relating to the outcome of the Arrangement on the market price, marketability
and liquidity of the Company's common shares and risks associated with
exploration, development and production as well as other risks and uncertainties
described herein and in the disclosure documents of Silver Predator and Nevgold
filed on the SEDAR website at www.sedar.com. All forward-looking statements are
based on various assumptions including, without limitation, the presence of and
continuity of minerals and metals at a project at modeled grades, the
availability of equipment, the obtaining of permits, exchange rates and the
continued availability of financing. Although management considers these
assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect.


The foregoing list of assumptions, risks and uncertainties is not exhaustive.
The forward-looking information and statements contained in this news release
speak only as of the date of this news release, and Silver Predator and Nevgold
assume no obligation to update publicly or revise any forward-looking
information or statements, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.

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