Golden Saint Resources Regulatory News (GSR)

6 February 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Operational Update

Golden Saint (AIM: GSR)announces the following updates in relation to its operations:

Baja Diamond Recoveries

Two white diamonds of approximately 0.970 carats and 0.820 carats have been recovered from the concentrates taken from part of the Baja Bulk Sampling. Although not significant in terms of value, a light coloured purple 2.45 carat diamond along with a light coloured purple 0.525 carat diamond was also recovered from the same batch of concentrate. Pictures of these diamonds will be uploaded next week onto the Company's website. As the concentrates are being sorted, any further significant recoveries will be announced as and when the Company is able to verify them.

Parikh Brothers - Mumbai

In late October 2014, Golden Saint sent 204 carats of rough diamonds to Parikh Brothers in Mumbai for cutting and polishing. Of these 133 carats were gem quality and after processing gave 49 carats which is approximately a 37 per cent. yield. From this yield there will be approximately 656 pieces of polished diamonds of which the majority are below 0.3 carats. However, 18 of these diamonds ranged from 0.3 carats to 1.01 cartas. Another 71 carats were deemed industrial quality. Arrangements are being made for the gem quality diamonds to be sent back to the Company's Head Office in Perth for sale by the Golden Saint Diamond Club. Due to the small size of the diamonds, the majority of these diamonds will not be GIA certified.

EBOLA

The EBOLA situation in Sierra Leone and West Africa is ongoing and the team at Golden Saint are doing all that they can to work around the situation and hope that it will be stable and safe enough for the Directors to visit and the Company to send its overseas technical team back into Sierra Leone in due course. A number of the main towns including Kenema have no new cases reported in the last week according to the reports on the websites www.nerc.sl and www.health.gov.sl and the Company is making arrangements for the Dove Explorer to be moved to the concession in the Tongo region to begin bulk sampling. In the Zimmi Areas, (as defined in the Company's announcement dated 14 August 2014)where Golden Saint Diamonds Ltd has sponsored artisanal miners, washing is ongoing and updates on any diamond finds will be advised as and when they can be verified.

Exploration Programme

Wardell Armstrong International, Golden Saint's UK based technical consultants, visited the Company's Perth Head Office for discussions with the board of Golden Saint and its technical team on progressing with the Company's exploration programme in Sierra Leone. Wardell Armstrong International and Golden Saint's technical team also visited Diatech Heavy Mineral Services ("Diatech"), the laboratory where Golden Saint sends its soil samples for indicator mineral picking and micro probing. Golden Saint intends to send the remaining soil samples taken from the Baja and Moa licence areas to Diatech for analysis. These samples are expected to be received by Diatech by the end of February.

Website:

A new more detailed website replacing the old site has been uploaded on to www.goldensaintresources.com. Golden Saint's share price can now be viewed on the website, although there is about a 15 minute delay in the actual price.

For further information please contact: