Golden Saint Resources Regulatory News (GSR)

For Immediate Release 12 June 2014

Golden Saint Resources Ltd

("GSR" or the "Company")

Annual General Meeting Statement

At the Annual General Meeting of the Company to be held today at Royal Perth Golf Club, Laboucher Road, South Perth WA6151 at 11:00am (WST), the Executive Chairman will give the following statement;

"Welcome to the first annual general meeting of Golden Saint Resources Ltd. GSR has come a long way since its admission to AIM on July 19 2013. We have seen two changes on the Board, with the resignation of our independent Non-Executive Director, Anthony Hamilton who was replaced by UK based Simon Lawton, a finance specialist, and the resignation of our CEO Nick Burn. I have taken over as the Interim CEO of GSR while your Board finds a suitable replacement. We have also seen the appointment of Ernest Gbappi - as our local resident geologist and Mona Sulaiman as our senior geologist. Mona joined us on April 14th and shortly after that on 9th May went to Sierra Leone together with our CFO Keng Hock Seah and our Independent Non-Executive Director Simon Lawton. As of today Mona is still in Sierra Leone despite an outbreak of Ebola. We have sought advice and, although the information provided indicates there is no immediate risk to our staff, we have given her the choice of coming back early from the trip back to Perth, but she has chosen to stay on until the 19 of June to make sure that the bulk sampling plant has been properly commissioned and ready for processing the gravel. Her dedication to her work on behalf of the Board and shareholders in the midst of the Ebola outbreak is worth high praise.

On the ground we completed our airborne magnetics in February 2014 and we have a possible 37 kimberlite dyke targets, 14 pipe targets and 5 alluvial sites in Tongo, and in Baja we have 79 kimberlite dykes, 4 kimberlite pipes and 5 alluvial target sites. In the Moa tenements 6 broad targets for gold mineralisation have been defined of which 2 have been given a high priority along with 3 sites for alluvial diamonds selected along the Moa river.

The bulk sampling plant, the Dove Explorer, has been commissioned and is currently on site in Tongo and should begin operating shortly. Barring bad weather the bulk sampling in Tongo should be completed shortly and we will then move on to the Baja area. We have also incorporated Golden Saint Diamonds (SL) Ltd ("GSDSL") of which GSR is a 75% shareholder and 25% is held by locals. GSDSL has been incorporated to separate our exploration activities from our alluvial sponsorship programmes. From here on GSDSL will sponsor all the locals for their alluvial work programs while Golden Saint Resources (Africa) Ltd will focus on exploration activities. During the peak of our bulk sampling and alluvial sponsorship, we had up to 200 locals that were working with us either directly or through our sponsoring of our local artisanal miners. The Company's focus on providing work opportunities to locals in the area, either directly or indirectly, is and will be a hall mark of our operations currently and also going forward.

GSDL through its local Director, Timothy Bangura has recently sponsored the local alluvial miners in the Makalie region for gold and have provided them with water pumps and a washing plant for gold. . In Q4 2013, we purchased four gold washing plants and two generators for in anticipation of sponsoring workers in these areas. Two of these will be moved to the Makalie area to help the local alluvial gold miners. It's worthwhile to point out that the Makalie licence is in a different area to the Moa gold exploration tenements that we have.

Golden Saint Diamonds Pte Ltd ("GSDS") has been registered in Singapore and is 100% owned by Golden Saint Resources Ltd and the current directors of GSDS are GSR's CFO, Keng Hock Seah, and myself. GSDS will be the marketing arm of the Golden Saint Diamond Club. We are close to completing the website for the Golden Saint Diamond Club and we hope to be able to display the current set of cut and polished diamonds on the website in the coming weeks. Expressions of interest for the purchase of the diamonds from shareholders will then be accepted. All shareholders of GSR are entitled to become members of the Golden Saint Diamond Club and will have to sign up through an enrolment form. There will be three levels of membership according to the number of shares held by shareholders and shareholders will be informed of their membership in due course. For this first batch of diamonds that will be put on sale, a standard 30% discount on the quoted price will be extended to all members. One of the biggest challenges we faced in cutting and polishing the diamonds was getting the GIA certification, which took 10 weeks. It is our understanding that this situation is now stretched to between 10 and 12 weeks. Taking into consideration that the cutting and polishing takes four weeks, it therefore takes a total of at least a minimum of 16 weeks for a batch of diamonds to be processed. The Board is currently considering whether some of the batches can be sent to HRD Belgium for certification instead of GIA until GIA clears its backlog. The HRD Belgium turnaround is currently approximately 2 weeks.

In February this year we launched our Social Corporate Responsibility Program ("CSR") together with Street Kids in the Baja region where we sponsored 13 schools with school study material, sports equipment and cement. The local newspapers ran articles that said we were the first mining company in the history of Sierra Leone to launch a CSR program before we even made a profit. This event has brought a lot of goodwill to the Company. The people at Makalie approached our local director wanting to work with us after they heard of what we had done in Baja. Since then we have had continuous approaches at our local offices in both Bo and Freetown offering us different concessions to work on, and our two senior geologist on the ground are currently evaluating the offers.

Going forward, the events that will unfold will be crucial as well as interesting as we should be able to release news on diamonds which we hope to find during the bulk sampling process. Our bulk sampling and sponsorship of local alluvial miners for both gold and diamonds will also continue.

It is your Board's belief that the recent volumes seen on the shares after stock prices dropped bodes well for your Company. Some of the initial share sales below the IPO level were caused by a few shareholders that have been with and supported the Company for the last three years and who took most of the initial risks by investing in the Company in the early days when there was no certainty that the Company would admit to AIM. We wish to extend our thanks to these shareholders for their past support. . I would like to state that these departing shareholders reflect only a small portion of GSR's shareholder base and a majority of shareholders have chosen to continue to support the Company. We also wish to extend a warm welcome to new shareholders that have recently bought GSR shares through the market and look forward to more new shareholders joining our Company.

On August 2 and August 3, GSR will be participating in Invest fair 2014 at Suntec City in Singapore where we will be promoting the Company to retail Investors. The Company is a firm believer that retail Investors are the foundation of this Company both now and in the future."

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