Golden Star Resources Announces Filing of PEA for Prestea Mine

Golden Star today announces that it has filed a technical report, prepared in accordance with National Instrument 43-101, ("NI 43-101") regarding a Preliminary Economic Assessment ("PEA") on the development of non-mechanized operation at its Prestea mine in Ghana. This technical report can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.gsr.com. Golden Star announced the findings of this PEA on November 13, 2014, the highlights of which are as follows: Post-tax IRR of 72% at $1,200/oz gold price NPV5% of $121 million at $1,200/oz gold price Initial capital $40 million required to first production Total project life of five years, after one year of development LOM cash operating costs of $370/oz LOM all-in sustaining costs of $518/oz Payback period of 2.5 years from the start of development The report, entitled "NI 43-101 Technical Report on a Preliminary Economic Assessment of Shrinkage Mining of West Reef Resource, Prestea Underground Mine", was prepared by Golden Star Resources, under the supervision of by Dr. Martin Raffield, P. Eng., a Qualified Person pursuant to National Instrument 43-101.