NYSE MKT: GSS

Price: 0.86 Volume: 4,437,010 Change: -0.13 % Change: -13.83% February 27, 2017

Gold

Price: 1,253.45 Volume: Change: -3.44 % Change: -0.27% February 27, 2017

Board of Directors

Tim Baker
, Chairman

Tim Baker was appointed Chairman of the Board in January 2013. Tim most recently served as the Chief Operating Officer and Executive Vice President of Kinross Gold Corporation from June 2006 to November 2010. He is a geologist with over 30 years of global project development and operational experience including in Chile and Tanzania where he was Executive General Manager for Placer Dome. Prior to this, Tim managed mining operations in the United States and Venezuela and held geological and production roles in Kenya and Liberia. Tim is also a Director of Antofagasta PLC, Sherritt International and Rye Patch Gold Corp.

Sam Coetzer
, Director

Sam Coetzer was appointed President and Chief Executive Officer of Golden Star in January 2013 and has been a Director of Golden Star since December 2012. Sam joined Golden Star in March 2011 and served as Executive Vice President and Chief Operating Officer until December 2012. Sam is a mining engineer with over 26 years of international mining experience with Kinross, Xstrata, Xstrata Coal, and Placer Dome. Sam was the Senior Vice President of Red Back Integration at Kinross in 2010 prior to joining Golden Star.

Gil Clausen
, Director

Gil Clausen is the President and CEO of Brio Gold Inc. a division of Yamana Gold and former President, Chief Executive Officer and Director of Augusta Resource Corporation. He serves as an independent director of Plata Latina Minerals Corporation. With over 30 years of executive, financial, developmental and operational industry experience, Gil has been responsible for executing growth strategies for mining companies on a range of continents and across a variety of commodities. He is a Professional Engineer and holds a Bachelor’s degree and a Master’s degree, each in Mining Engineering from Queens University, Canada. He is also a graduate of a Queen’s University executive business program.

Anu Dhir
, Director

Anu Dhir is the Managing Director of Miniqs Limited, a private group primarily interested in developing resource projects. Anu is also a Director of Atlatsa Resources Corp., Frontier Rare Earths Limited., and of Energulf Resources Inc. Prior to founding Miniqs Limited, Anu was Vice President, Corporate Development and Company Secretary at Katanga Mining Limited.

Anu holds a BA from the University of Toronto and a law degree (Juris Doctor) from Quinnipiac University, Connecticut, United States.

Robert Doyle
, Director

Robert Doyle has more than 30 years of mining; from international resource exploration, development, and fundraising, to production. Most recently, Robert was Founder, and Chief Executive Officer of Medoro Resources, now known as Gran Colombia Gold Corp. Prior to this, Robert served as Executive Vice President and Chief Financial Officer of Pacific Stratus Energy, Chief Financial Officer of Coalcorp Mining, and Chief Financial Officer of Bolivar Gold Corp. Currently, Robert serves as a Director and Chairman of the audit committee of Mandalay Resources Corp., Director and member of the audit committee of Detour Gold Corporation and Director of NXA Inc.

Robert is a Chartered Accountant and a Chartered Director.

Tony Jensen
, Director

Tony Jensen has over 25 years of mining industry experience and is President and Chief Executive Officer for Royal Gold Inc. Prior to joining Royal Gold, Tony was the Mine General Manager of the Cortez Joint Venture and spent eighteen years with Placer Dome. Tony has extensive experience in operations in the United States and Chile where he held several senior management positions. Tony is a member of the National Mining Association Board and Finance Committee, the Industrial Advisory Board of the South Dakota School of Mines and Technology, and the Advisory Council for the University of Colorado Business School’s Center for Commodities.

Tony holds a B.Sc. degree in Mining Engineering from South Dakota School of Mines and also holds a Certificate in Finance from Golden Gate University in San Francisco.

Craig Nelsen
, Director

Craig Nelsen is a geologist with over 30 years of experience in the mining business. Craig is Founder, CEO and Director of Avanti Mining. Formerly, Craig was Executive Vice President, Exploration of Gold Fields Limited; Founder, Chief Executive Officer and Chairman of the former Metallica Resources (now New Gold), and has also held a variety of strategic positions at Lac Minerals Ltd.

Craig holds a M.S. degree in geology from the University of New Mexico and a B.A. in geology from the University of Montana

Daniel Owiredu
, Director

Daniel joined Golden Star in September 2006 as Vice President, Operations and was appointed Executive Vice President Operations and Chief Operating Officer in January 2013. He was subsequently appointed to the board in November 2014. Daniel has more than 30 years of experience in the mining sector in Ghana and West Africa. Most recently, Daniel was Deputy Chief Operating Officer Africa for AngloGold Ashanti where he successfully managed the construction and operation of the Bibiani mine as well as the operation of the Siguiri, Obuasi and Freda Rebecca mines. Daniel has made a significant contribution to mining in Ghana as the country’s former President of the Chamber of Mines and more recently in his appointment as Chairman of the Board of the GCB Bank.

Bill Yeates
, Director

Bill Yeates was one of the founding partners of Hein & Associates LLP (Hein). He previously served on Hein’s Executive Committee and was their National Director of Auditing and Accounting for many years. Bill retired from Hein in 2013 and has over 40 years of auditing experience working with public companies specializing in extractive industries. From 2005 to 2009, Bill served on the Financial Accounting Standards Advisory Council. He also has served on: the Professional Practice Executive Committee of the Center for Audit Quality; the Executive Committee of the Center for Public Company Audit Firms of the American Institute of Certified Public Accountants (“AICPA”); the SEC Practice Section Executive Committee and the SEC Regulations Committee of the AICPA.

Bill is a Certified Public Accountant. He holds an MBA in accounting and a B.Sc. in finance and marketing from the University of Colorado.

To view Golden Star’s Corporate Governance Policies, please click here. To view Golden Star's Board committee membership, please click here.

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If in any jurisdiction, any part of this disclaimer is determined to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent necessary to comply with such determination and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is given as at the date and the time of its original release. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

Golden Star also uses certain non-International Financial Reporting Standards (“IFRS”) financial measures as defined in applicable Canadian and United States securities laws ("non-GAAP measures"), including the terms “cash operating cost per ounce”, “all-in sustaining costs”, “cash generated from operations before working capital changes”, “adjusted net (loss)/income attributable to Golden Star shareholders and “adjusted net (loss)/income per share attributable to Golden Star shareholders”. Golden Star believes that these measures are similar to the measures of other gold mining companies, but may not be comparable to similarly titled measures in every instance. In addition, changes in numerous factors including, but not limited to, Golden Star’s share price, risk free interest rates, gold prices, mining rates, milling rates, ore grade, gold recovery, costs of labor, consumables and mine site general and administrative activities can cause these measures to increase or decrease.

Golden Star believes these measures are useful non-GAAP operating measures and supplement the IFRS disclosures made by the Company. These non-GAAP measures are not representative of all of Golden Star's cash expenditures and there are material limitations associated with the use of such non-GAAP measures. Since these non-GAAP measures do not incorporate all non-cash expense and income items, changes in working capital and non-operating cash costs, they are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS.

The non-GAAP information is not prepared in accordance with IFRS and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed in isolation or as a substitute for, or superior to, other data prepared in accordance with IFRS. For an explanation of the Non-GAAP financial measures used by the Company, please refer to the heading “Non-GAAP Financial Measures” in the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Three Months ended March 31, 2014 and the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Year Ended December 31, 2013, available at www.sedar.com.