Golden Saint Resources Regulatory News (GSR)

9 October 2015

Golden Saint Resources Ltd

( the "Company")

Launch of Capital Raising

The Company announces that it is intending to raise up to GBP 250,000 by way of the issuance of 8% transferable convertible loan notes ("Loan Notes"). The Loan Notes are convertible into ordinary shares of no par value in the Company at a discount of 20 per cent. to the average closing price per share during the 10 trading days immediately prior to the date of conversion. The Loan Notes may be converted at 180 days, 360 days and 540 days from the date of issue of the Loan Notes. The Loan Notes, which are not converted, plus any accrued interest are repayable by the Company 540 days after the issue of the Loan Notes. The Loan Note issue will not proceed unless the minimum amount of GBP 50,000 is reached.

Under the terms of the Loan Note the Company has agreed to deposit into escrow the first £125,000 in value from the proceeds of sale of the Company's GIA certified inventory of diamonds until 540 days after the issue of the Loan Note or, if earlier, the date upon which all Loan Notes have been repaid or converted.

The raising is being conducted through the Crowd for Angels (UK) Limited online funding platform.

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