Updated Resource For The Taylor Silver Project

RENO, NV - Silver Predator Corp. reported an updated mineral resource estimate for the Taylor silver project in eastern Nevada.  The resource remains open for expansion and has demonstrated potential for higher grade silver mineralization in underlying host rocks.  The Company's recent exploration work significantly contributed to a new geological model based on an increased understanding of the controls on mineralization. These new insights provide predictive tools for further resource expansion and will guide the development of an initial drill program to test new Carlin-style gold targets located southeast of the resource area.

A cutoff grade of 1.0 oz/ton silver was based upon assumptions of (in USD): a $30 per ounce silver price, 90% recovery, mining costs of $2.50/ton for in situ material and $2.00/ton for unconsolidated material, mill process costs of $21.50 per ton, and G & A costs of $2.50 per ton.  In order to meet the criteria for "reasonable prospects for economic extraction" as required by CIM, the block model was constrained by an optimized open pit using the baseline silver price and operating costs.  All mineralization is above the water table and oxidized.

The updated Taylor resource estimate utilized assay and geologic data from the Company's recent drilling and exploration programs, together with historic drill data from previous operators. In total, there have been over 600 holes drilled comprising 9,700 feet (2,957 meters) of core and 114,800 feet (34,991 meters) of combined conventional rotary and reverse circulation drilling on the property.  The resource estimation database utilized a validated subset of the historic drill holes.  Many of the historic holes eliminated from the resource database were selectively sampled, and outline potentially higher grade silver mineralization around the historic Taylor underground mining area.

The geologic and resource models were based upon: a) detailed geologic mapping of the property at 1:1,200 scale, b) re-logging of available historic drill core and reverse circulation cuttings, c) interpretation of the mineralizing controls from the surface mapping and drill logging, d) comprehensive validation of the historic drill database from original lab reports and logs, e) a systematic program of check sampling for available historic drill core and reverse circulation cuttings, f) a rigorously implemented QA/QC program for the Company's ongoing drill assay results, g) detailed field surveying to establish locations of historic drill holes, waste dumps and infrastructure from historic mining operations, and h) the compilation of available records of historic underground and open pit mine production.  This recent work has established a solid foundation for advancing the property for further resource delineation in areas known to be significantly mineralized, but inadequately drilled, and in newly defined target areas recently outlined by the geologic model.

The exploration data, modeling procedures, and grade estimation parameters used for the current Taylor mineral resource estimate consisted of: 1) more than 92,600 feet (28,224 meters) of validated historic and modern (i.e., 2006-2012) drill data from 480 drill holes, 2) a geologically and grade shell constrained block model, 3) drill hole defined grade continuity established through variogram analysis, 4) capped assay grades to restrict the influence of higher-grade outlier composites, 5) silver grade estimation by ordinary kriging, 6) resource classification based upon number and proximity of drill hole composites, and 7) tonnage factors established by geologic unit, as well as for unconsolidated material resulting from historic mining activity.

The Taylor resource estimate is an update to the resources originally reported in 2007, and most recently reported in 2010 (Hester, 2007, 2009, 2010). The previous NI 43-101 estimate, reported at a 1.2 oz/ton cutoff, consisted of 1,238,000 tons grading 2.50 oz/ton silver as a measured mineral resource and 5,195,000 tons averaging 2.27 oz/ton silver classified as indicated.╩ In addition, the resource included another 757,000 tons grading 2.54 oz/ton silver in the inferred category.

The Company's programs over the last year have provided a significant improvement in the geologic model and underlying drill database used for resource estimation.  The 1.0 oz/ton cutoff reflects a combination of increased silver prices balanced against higher costs since the original 2007 resource work, and contributes to the updated resource's increased tons and contained silver in the indicated and inferred categories.