Silver Predator Announces Corporate Reorganization

TSX: SPD
www.silverpredator.com

HAYDEN, ID, Nov. 5, 2012 /CNW/ - Silver Predator Corp. (TSX:SPD) (the "Company") announces the appointment of Anthony Jackson as Chief Financial Officer of the Company, the resignation of John W. Legg as the Company's President and the relocation of its head office.

Mr. Anthony Jackson
Mr. Jackson is a Principal at BridgeMark Financial Corp. providing accounting and financial consulting services to developing and mature stage companies and by working as their chief financial officer (CFO), handling all aspects of the Company's administration, compliance, reporting and finance activities. Mr. Jackson is also founder of Jackson & Company Chartered Accountants assisting private and public companies with full service accounting and tax functions (audit, reviews, compilations, corporate and personal tax). Prior to his time at BridgeMark Financial, Mr. Jackson worked at Ernst & Young LLP for 3 years while obtaining his CA designation before moving onto work as a senior analyst at a boutique investment banking firm.  During this time he worked on a broad range of public and private companies in a variety of industries. Most recently Mr. Jackson has had extensive experience as a Director and CFO of numerous publicly traded companies, and is currently the CFO of Mediterranean Resources Ltd. and Nanton Nickel Corp.

Mr. Jackson obtained his Chartered Accountant (CA) designation in 2006 and is a member of the BC and Canadian Institute of Chartered Accountants.  He earned a Bachelor of Business Administration degree from the University of Simon Fraser in 2004.

Resignation of John Legg as President
The Company also announces that John W. Legg has resigned as the Company's President. During Mr. Legg's tenure as President, Silver Predator underwent a reorganization which included raising equity capital, acquiring its silver property portfolio and listing on the TSX.  The Company subsequently acquired Nevgold Resources, securing Nate Tewalt as Chief Executive Officer. "We are all appreciative of John's leadership during the Company's development and wish him great success in the future," said William M. Sheriff, Chairman.

Corporate Reorganization
The Company has relocated its head office from Vancouver, British Columbia to Hayden, Idaho. This relocation of operations will result in significant reduction of continuing general and administrative costs while allowing the Company to focus on advancing its NI 43-101 compliant brownfields Taylor Mine in eastern Nevada and other properties in the leading US silver districts of Nevada, Idaho, Yukon and Alaska.

Head Office     
11521 N. Warren Street
Hayden, Idaho
USA 83835
T: 208 635 5415
F: 208 635 5465

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 opportunities, with near-term production potential.  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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward‐looking information that involve various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Silver Predator's plans and objectives to differ materially from those expressed in the forward‐looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Silver Predator assumes no obligation to update forward‐looking information should circumstances or management's estimates or opinions change.

SOURCE Silver Predator Corp.