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SOUTH AMERICAN EXPLORATION

 

Suriname

Golden Star has sold its joint venture interest to Newmont for approximately $8 million, subject to the government of Suriname transferring the property title by November 2011.

French Guiana

Golden Star sold the Paul Isnard and other projects to Auplata for approximately $2.1 million, plus residual contingent payment totaling $2.0 million.

Brazil

For five years, Golden Star has been evaluating and acquiring prospective properties for its property portfolio in Brazil. Our Brasilian property portfolio includes 9 project areas in 3 states - Mato Grosso, Minas Gerais and Goias. Additionally, we have a joint venture with Votorantim on the Iriri package which totals 3,400 km2 of prospective land in Mato Grasso.