CORPORATE PROFILE

Golden Star is a mid-tier gold mining company with two operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa. Production in 2007 totaled 246,278 ounces of gold and this is expected to increase significantly in 2008 to between 370,000 and 425,000 ounces of gold. Our growth strategy is largely the result of our expansion activities at Bogoso/Prestea, our flagship operation and continued improvements at Wassa as our HBB project comes on line during the second half of 2008. Our Bogoso sulfide and oxide processing plants are working in tandem to enable us to achieve our 2008 operating guidance. In addition to growth through our new BIOX® processing plant at Bogoso, the Company has consistently grown through exploration and corporate development activities. In addition, Golden Star has a long-term commitment to sustainability with emphasis on health, education and the environment.

Production at Bogoso/Prestea totaled 120,216 ounces for 2007, not including 7,803 ounces of gold that were produced from the sulfide processing plant prior to commercial production which was declared on July 1, 2007. This new plant incorporates a bio-oxidation circuit that enables us to treat the refractory ores found at Bogoso/Prestea, where over 80% of the ore is categorized as refractory. Annual production in 2008 is anticipated to be 235,000 to 275,000 ounces at Bogoso/Prestea.

The Wassa mine is a conventional open pit, Carbon-in-Leach (CIL) plant with production in 2007 of 126,062 ounces of gold. In May 2007, a feasibility study was completed for the Hwini-Butre and Benso (HBB) projects and subsequently, the Board of Directors gave approval for the development of the HBB properties. Capital expenditures were estimated to be approximately $50 million. These deposits will serve as satellite open pits for mine feed for the Wassa processing plant.

Historically, Golden Star has maintained an aggressive exploration program. Year over year, our exploration budget has ranged between $12 and $20 million per year. While the majority of our exploration activities center in near proximity to our operations in Ghana, we have a property portfolio that includes projects in Sierra Leone, Côte d’Ivoire, Burkina Faso, and Niger in West Africa and Suriname, French Guiana and Brazil in South America.

Golden Star’s goal is to grow its business in Ghana, and regionally in West Africa, through organic growth and appropriate acquisitions. The Company is well financed and has a strong, operationally focused management team with experience in all areas in which we operate.