NDG Nevgold Resource Corp.

Silver Predator Corp. ("Silver Predator") (TSX:SPD) and Nevgold Resource Corp.
("Nevgold") (TSX VENTURE:NDG) are pleased to announce that they have entered
into a pre-arrangement agreement (the "Pre-Arrangement Agreement") pursuant to
which Silver Predator will acquire all of the outstanding securities of Nevgold
(the "Proposed Transaction"). A summary of the principal terms of the Proposed
Transaction, as well as the description of the mineral properties of Silver
Predator and Nevgold, may be found in the joint news release of Silver Predator
and Nevgold dated November 15, 2011 and posted on www.sedar.com. The
Pre-Arrangement Agreement may also be found under the SEDAR profile of Silver
Predator and Nevgold at www.sedar.com.


Upon the completion of the Proposed Transaction, Nevgold will be a wholly-owned
subsidiary of Silver Predator, and the former shareholders of Nevgold will own
approximately 18.8% of the issued and outstanding common shares of Silver
Predator.


The Proposed Transaction is to be completed by way of a statutory plan of
arrangement and is subject to customary closing conditions, including approval
of (i) 66 2/3% of the votes cast by Nevgold shareholders, Nevgold optionholders
and Nevgold warrantholders, voting together as one class, (ii) 66 2/3% of the
votes cast by Nevgold shareholders and (iii) a simple majority of the votes cast
by Nevgold shareholders (other than Nathan Tewalt and Thomas Chadwick) at a
special meeting of Nevgold, which is currently anticipated to take place on or
about February 3, 2012. A management proxy circular of Nevgold with respect to
the Proposed Transaction is expected to be mailed to Nevgold securityholders on
or about January 10, 2012. The Proposed Transaction is also subject to the
approval of the Toronto Stock Exchange, the TSX Venture Exchange and the British
Columbia Supreme Court. Closing of the Proposed Transaction is expected to take
place shortly following the Nevgold securityholders approving the Proposed
Transaction and the requisite court approval being obtained. It is anticipated
that the Proposed Transaction will be completed on or about February 13, 2012.


Nevgold's board of directors has received a fairness opinion to the effect that
the consideration to be received by Nevgold shareholders pursuant to the
Proposed Transaction is fair, from a financial point of view, to the Nevgold
shareholders (other than Nathan Tewalt and Thomas Chadwick), subject to the
limitations and qualifications set out in such fairness opinion. Nevgold's board
of directors has determined that the Proposed Transaction is in the best
interest of Nevgold and is fair to the Nevgold securityholders and recommends
that the Nevgold securityholders vote their securities in favour of the Proposed
Acquisition.


Each of Nevgold's directors and officers, as well as certain other arm's length
shareholders of Nevgold, have entered into a lock-up agreement with Silver
Predator under which they will vote an aggregate of approximately 49% of
Nevgold's outstanding common shares in favour of the Proposed Transaction. In
addition, holders of all 710,000 stock options of Nevgold have agreed to the
cancellation of such options immediately prior to the completion of the Proposed
Transaction.


About Silver Predator Corp. 

Silver Predator's corporate mandate is to explore and develop commercially
viable silver resources in the leading silver districts of Yukon, Canada and
Nevada, USA. Working within stable geopolitical jurisdictions, Silver Predator
is focused on silver-dominant bulk tonnage and/or high grade opportunities.
Proven management plus access to unparalleled geological talent in the Yukon and
extensive experience in Nevada provide the ability to maximize shareholder value
from the quality asset base.


About Nevgold Resource Corp. 

Nevgold Resource Corp. is focused on the acquisition, exploration and
development of select high quality precious metals properties with near to
intermediate term production potential in the western US. Nevgold's portfolio of
properties include the Copper King Property located in Shoshone County, Idaho,
the Cordero Property, located seven miles southwest of the town of McDermitt in
Humboldt County, north-central Nevada, the Cornucopia Property, located within
the Cornucopia silver mining district in Elko County, Nevada and the McBride
Property, located 15 kilometers southwest of Lynn Lake, Manitoba.


None of the securities anticipated to be issued under the Proposed Transaction
have been or will be registered under the United States Securities Act of 1933,
as amended, (the "Securities Act") or any state securities laws, and such
securities are anticipated to be 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. Neither the US
Securities and Exchange Commission nor any US state securities commission has
approved of the securities to be issued under the Proposed Transaction or
determined if this document is accurate or complete. Any representation to the
contrary is a criminal offence in the United States. The securities to be issued
under the Proposed Transaction are intended to be issued in reliance upon the
exemption from the registration requirements of the Securities Act provided by
Section 3(a)(10) thereof and only to the extent that corresponding exemptions
from the registration or qualification requirements of state "blue sky"
securities laws are available. The securities to be issued under the Proposed
Transaction may not be offered or sold in the United States except pursuant to
an exemption from the Securities Act or in a transaction not subject to the
registration requirements of the Securities Act.


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 Proposed Transaction and the
proposed terms and timing thereof, exploration, development and production of
properties, including the proposed timing and success thereof, 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 Silver Predator or
Nevgold's common shares, commodity price and exchange rate fluctuations and
uncertainties and risks relating to the outcome of the Proposed Transaction on
the market price, marketability and liquidity of Silver Predator or Nevgold's
common shares risks associated with exploration, development and production and
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, 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 forgoing 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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