Golden Star Reports Preliminary Operational Results and Guidance

Golden Star Resources Ltd. GSS today announced preliminary production results for the second quarter of 2011 and 2011 updated guidance for its Bogoso/Prestea and Wassa/HBB operations. A total of $71 million is expected to be spent on capital expenditures in 2011. This includes approximately $18 million in mine development, $8 million for mining equipment, $8 million in mine site exploration, $10 million for water treatment plant, $5 million for tailings reclaim, $4 million for the oxide plant, $4 million for the tailings dam, $9 million for the sulfide plant and $5 million for other items. Capital expenditures for 2012 are expected to be approximately $70 million. A total of $40 million is anticipated to be spent at Wassa/HBB for capital expenditures in 2011. This includes $7 million for tailings dam, $11 million in mining equipment, $9 million for mine site exploration, $6 million in mine development, $3 million for the processing plant and approximately $4 million of other. Capital expenditures for 2012 are expected to be approximately $18 million.