Golden Star Resources Appoints Sam Coetzer as CEO and Announces

Golden Star Resources Appoints Sam Coetzer as CEO and Announces
Relocation of Headquarters to Toronto 
DENVER, CO -- (Marketwire) -- 12/13/12 --  The Board of Directors of
Golden Star Resources Ltd. (NYSE MKT: GSS) (TSX: GSC) (GHANA: GSR)
("Golden Star" or the "Company") today announced several senior
management changes and the impending move of the Company's
headquarters from Denver to Toronto. 
The Board announced the following management changes: 


 
--  As a consequence of the relocation of the Company's headquarters, Tom
    Mair, CEO, has elected to remain in Denver and will resign his
    position and Board seat effective December 31, 2012.
    
    
--  Sam Coetzer, currently COO, has been promoted to President and CEO
    effective January 1, 2013. Additionally, he was named to the Company's
    Board of Directors effective December 14, 2012.
    
    
--  Also as a consequence of the relocation, Chris Thompson, currently
    Chairman of the Board, has elected to remain as a Board member but
    relinquish his Chairman role effective December 31, 2012.
    
    
--  Tim Baker, formerly COO of Kinross Gold Corporation, joins the Board
    as Executive Chairman effective January 1, 2013, and will work closely
    with Sam Coetzer to improve profitability, develop the Prestea
    Underground mine and pursue expansion of the Wassa mine. Mr. Baker,
    who grew up in Kenya, has extensive experience in operating mines and
    projects around the world, including Chile, Africa and the Dominican
    Republic for Placer Dome and Kinross Gold.
    
    
--  Jeff Swinoga will assume the role of Executive Vice President and
    Chief Financial Officer effective January 7, 2013. Mr. Swinoga has
    extensive mining industry experience as a CFO with Hudbay Minerals and
    North American Palladium.
    
    
--  Roger Palmer, current CFO, will become Vice President and Treasurer on
    January 7, 2013, and will remain in that role through the transition
    process.

  
Golden Star's new Toronto headquarters will be located at 150 King
Street West, Toronto, Canada.  
Chris Thompson, Chairman of the Board, said, "Relocating our
headquarters to Toronto enables us to consolidate our executive team
along with all key accounting and reporting functions in one location
that will give Golden Star better access to shareholders, capital
sources, talent and technical advisory services. The move will also
simplify the Company's accounting and regulatory compliance functions
and reduce legal costs. On behalf of the Board, I wish to thank Tom
Mair for his six years of leadership through some difficult times and
we wish him success in his further endeavors in Denver. Going
forward, we believe we now have a uniquely strong team in place --
both in Toronto and Ghana -- to take Golden Star to the next level of
growth. In particular, we look forward to the relationship between
Sam Coetzer and Tim Baker flourishing as it did when they worked
together at Kinross Gold. Their combined track records of success in
operations and demonstrated leadership capabilities give the Board
every confidence that the challenges and opportunities we face on the
Prestea Underground mine and Wassa expansion are in good hands." 
COMPANY PROFILE 
Golden Star Resources holds the largest land package in one of the
world's largest and most prolific gold producing regions. The Company
holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited
and Golden Star (Wassa) Limited, which respectively own the
Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, West
Africa. In addition, Golden Star has an 81% interest in the currently
inactive Prestea Underground mine in Ghana, as well as gold
exploration interests elsewhere in Ghana, in other parts of West
Africa and in Brazil in South America. Golden Star has approximately
259 million shares outstanding. Additional information is available
at www.gsr.com. 
Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other applicable securities laws. Such statements include our
plan to move our headquarters to Toronto, our ability to improve
profitability, develop the Prestea Underground mine and pursue
expansion of the Wassa mine, the impact of the relocation on our
access to shareholders, capital sources, talent and advisory
services, accounting and regulatory functions and legal costs and our
expectations regarding future management changes. Investors are
cautioned that forward-looking statements are inherently uncertain
and involve risks and uncertainties that could cause actual facts to
differ materially, including timing of and unexpected events at our
mine, including Wassa and the Prestea Underground Mine; variations in
ore grade; delay or failure to receive government approvals and
permits; the availability and cost of electrical power and key
inputs; timing and availability of external financing on acceptable
terms; technical, permitting, mining or processing issues;
fluctuations in gold price and costs; and general economic
conditions. There can be no assurance that future developments
affecting the Company will be those anticipated by management. Please
refer to the discussion of these and other factors in our Form 10-K
for 2011. The forecasts contained in this press release constitute
management's current estimates, as of the date of this press release,
with respect to the matters covered thereby. We expect that these
estimates will change as new information is received. While we may
elect to update these estimates at any time, we do not undertake to
update any estimate at any particular time or in response to any
particular event.  
For further information, please contact: 
GOLDEN STAR RESOURCES LTD.
Bruce Higson-Smith
Senior Vice President Finance and Corporate Development
1-800-553-8436 
INVESTOR RELATIONS
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc. 
303-393-7044 
 
 
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