Binding Agreement For The Sale Of Bogoso-Prestea Gold Mine

TORONTO, ON - Golden Star Resources Ltd. reported that it has entered into a binding agreement for the sale of its 90% interest in the Bogoso-Prestea Gold Mine in Ghana to Future Global Resources Limited (FGR).

Operations are planned to continue at the Prestea underground operation, which includes the use of Alimak mining on 24 Level and long hole open stoping mining activities on the newly developed 17 Level. Following the acquisition, FGR intends to review the entire Bogoso-Prestea project portfolio, which includes the significant refractory sulfide resource, and an extensive tenement package with exploration potential.

The sale strengthens Golden Star's balance sheet and allows the Company to accelerate the growth and development of the large resource base at the Wassa mine, and increase exploration activities in the wider Wassa-HBB project area.