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To: Goose94 who wrote (17853)	7/15/2016 10:14:19 PM
From: Goose94	Read Replies (2) \| Respond to of 203665

Golden Star Resources (GSC-T) July 12, '16 is pleased to announce that pre-commercial production has commenced at its Wassa Underground Mine in Ghana, as scheduled. The successful blasting of the first stope in the F Shoot of Wassa Underground took place on July 10, 2016 delivering the first ore from the new underground mine to the Wassa processing plant. This first stope was mined using longitudinal longhole open stoping, utilizing remote control scoops for ore loading and then hauled to surface via 50 tonne trucks. The first stope is in the upper part of the F Shoot, which is one of the more moderate grade areas of the deposit. The higher grade areas within the B Shoot are scheduled to be accessed in early 2017. Wassa Underground is expected to achieve commercial production in early 2017, at which time it is expected to deliver 2,000-2,500 tonnes of ore per day. The development rate at Wassa Underground is currently 10 to 12 metres per day and it is expected to continue to increase throughout the second half of 2016. Ore from Wassa Underground will be mined in conjunction with ore from the Wassa Main pit and blended for feeding to the processing plant. Wassa Underground has Probable Mineral Reserves of 5,397,000 tonnes at a grade of 4.59 grams of gold per tonne for 796,000 ounces of gold. Wassa Underground is forecast to produce 20,000-25,000 ounces of pre-commercial gold production in 2016 and it remains on track to achieve this. Production from the combined Wassa Main pit and Wassa Underground operations is expected to be 120,000-135,000 ounces of gold in 2016 and average life of mine combined production is anticipated to be 163,000 ounces of gold per annum. Golden Star's total production in 2016 is expected to be between 180,000-205,000 ounces of gold with cash operating costs of US$815-US$925 per ounce (see "Non-GAAP Financial Measures" below). *Sam Coetzer, President and Chief Executive Officer of Golden Star, commented:* "I am delighted to announce that pre-commercial production has commenced at our Wassa Underground mine. It is a credit to the operational team at Wassa that we delivered the first ore from Wassa Underground within the timeframe expected and it remains on track to contribute 20,000-25,000 ounces of gold to our 2016 production. The blasting of the first stope at Wassa Underground is the first of two major operational milestones that we are targeting during the course of the next 12 months. The second milestone will be the blasting of the first stope at Prestea Underground, which is anticipated to occur in mid-2017. Once these milestones have been achieved, Golden Star will be well-positioned as a high grade, low cost gold producer." Golden Star will announce its second quarter financial results after market close on July 27th, 2016, as previously announced. Company Profile Golden Star is an established gold mining company that owns and operates the Wassa and Prestea mines situated on the prolific Ashanti Gold Belt in western Ghana, Africa. Listed on the NYSE MKT, the TSX, and the GSE, Golden Star is strategically focused on increasing operating margins and cash flow through the development of two high grade, low cost underground mines both in conjunction with existing open pit operations. The Wassa Underground commenced pre-commercial production in mid-2016 and the Prestea Underground is expected to commence production in mid-2017. Both projects are fully funded and on track to begin production as expected. Production in 2016 is expected to be between 180,000–205,000 ounces of gold with costs of US$815-US$925 per ounce. SOURCE Golden Star Resources Ltd. please visit www.gsr.com or contact: Katharine Sutton, Director, Investor Relations and Corporate Affairs, 1 416 583 3800, investor@gsr.com