Fury and Golden Predator Agree to Merger

VANCOUVER, BC - Fury Explorations Ltd. and Golden Predator Mines, Inc. reported the signing of a letter of intent ("LOI") dated December 2007 whereby the companies have agreed to merge to create Nevada's next mid-tier metals producer (the "Transaction" or "RTO").

The LOI calls for Fury to issue 2.5 of its common shares for each outstanding share of Golden Predator, which based on Golden Predator's outstanding shares1 and Fury's December 21, 2007 closing price, amounts to a total transaction value of $72.8 million. The Transaction will be an arm's length transaction and will likely be undertaken by way of a plan of arrangement. Dollar amounts in this press release are Canadian currency unless indicated otherwise.

Highlights of New Assets: ¥ Springer Tungsten mine and mill complex; Nevada, ¥ 10 tungsten exploration projects, 8 in Nevada and 2 in Montana; ¥ 20 gold exploration projects, Nevada, Wyoming, California and Oregon; ¥ Gold royalty portfolio covering over 70,000 acres of mining claims in Nevada; ¥ Molybdenum and Vanadium properties; ¥ Exclusive license to Union Carbide worldwide Tungsten data library; ¥ Ownership of Atlas Precious Metals database; ¥ $30 million cash; ¥ 30 person staff with expertise in mine permitting, finance, development and operation.

The companies address is #1470-701 West Georgia,Vancouver BC V7Y 1C6, 972-333-2214, email: [email protected].