Golden Saint Resources Regulatory News (GSR)

10 March 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Operational Update

The board of Golden Saint (AIM: GSR) ("Board") would like to make the following updates to the market:

Bulk Sampling and Diamond Recovery

Golden Saint is pleased to announce that it has recovered a total of 233 carats of diamonds during the first stage of its bulk sampling program in Baja. The diamonds are mainly white and a mixture of sizes up to two carat pieces.  It is the Board's intention that the larger stones, providing a minimum of 0.5 carats per diamond, will be cut and polished and GIA certified, while the smaller ones will be sold either as rough or after being cut and polished. A picture of these diamonds can be found on the Company's website www.goldensaintresources.com.

Revenue Generation and Working Capital

The conversion of the outstanding debt and the cancellation of the convertible bonds, mean that the Company is now debt free. The immediate focus of the Company is to maintain consistent diamond recoveries as well as furthering exploration activities on the Company's diamonds and gold tenements. The Board intends to meet any further working capital requirements through private equity placements, however, the Board hopes that when diamond recoveries become consistent and increase in number over time, that the Company will eventually be able to fund the working capital of the Company from revenues.

Ebola

Due to Ebola it has been an extremely difficult year for mining companies operating in Sierra Leone with many having their licences cancelled. Golden Saint, remotely managed from Perth, Australia, has been able to continue working through the Ebola period with an excellent local team on the ground. The Board is very proud of this team for what they have achieved during these moments of crisis. It is a demonstration of the determination of the people of Sierra Leone producing results despite the Ebola situation and the travel restrictions on the roads. As Ebola rescinds, the working conditions can only improve and the Company looks forward to more promising results in Sierra Leone.

Gold Exploration

The Company is currently revisiting its exploration programme in relation to the Moa licence area in order to determine the most suitable way forward. The Company will update shareholders in due course as to its proposed course of action.

Cyril D'Silva, Executive Chairman states: "The Company has been through tough times and results have been slower than expected. The Company still faces huge challenges, but based on initial results from Baja, the Board hasconfidence that if the Company can achieve consistent recoveries of diamonds form both alluvial and bulk sampling operations, revenue should increase bringing with it the availability of working capital which should assist with the ongoing exploration and mining operations of the Company in the longer term. The Board would like to thank the Company's shareholders for their continued confidence and support in the Company."

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