Golden Star Announces Signing of the Negotiated Resettlement Agreement for the Community of Dumasi

Golden Star Announces Signing of the Negotiated Resettlement Agreement for the 
Community of Dumasi 
TORONTO -- (Marketwire) -- 03/05/13 --  Golden Star Resources Ltd.
(NYSE MKT: GSS) (TSX: GSC) (GHANA: GSR) ("Golden Star" or the
"Company") is pleased to announce the signing of the negotiated
resettlement agreement (the "Agreement") which will enable the
relocation of the community of Dumasi to a new site.  
The community of Dumasi is located upon the Dumasi deposit, which is
a key orebody for the Company's Bogoso Mine. The orebody is Bogoso's
largest undeveloped open pit mine on the concession and, as at
December 31, 2012, contained National Instrument 43-101 compliant
Proven and Probable Mineral Reserves of 15.3 million tonnes grading
2.19 g/t for 1.08 million ounces of gold (refer to Golden Star's
press release from February 5, 2013 titled "Golden Star Announces
Mineral Reserves and Resources Estimates as at December 31, 2012").
Dumasi is located approximately 4 kilometres north of the Bogoso
processing plant complex. Production from the Dumasi deposit is
expected to begin in early 2015 and will feed both the non-refractory
and the refractory plants at Bogoso for several years to come.  
Proven and Probable Reserves at Dumasi 


 
                                                                            
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                                    Tonnes     Grade (g/t Au)  Cont. oz Au  
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  Category                                                                  
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  Proven                          3,412,000         2.32         254,000    
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  Probable                        11,919,000        2.15         824,000    
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  TOTAL P&P                       15,331,000        2.19        1,080,000   
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Sam Coetzer, President and CEO of Golden Star, commented: "The signing
of this Agreement is the next step in our strategy of unlocking value
for shareholders from the Bogoso concession. We have worked
diligently with the community and the government to arrive at this
Agreement that satisfies the needs of the community, the Ghanaian
regulators, and the Company. The Dumasi Pit is an important element
of the Company's future and will provide both refractory and
non-refractory ore sources for at least 6 years from 2015. We are
also pleased to announce that ground is already being cleared at the
new Dumasi community site in anticipation of construction beginning
in the next quarter. The signing of this Agreement is a testament to
the dedication and hard work on the part of our employees and the
community, combined with the people of Dumasi's goodwill and belief
in development for the benefit of the community at large and the
cooperation and assistance of the Environmental Protection Agency of
the Government of Ghana." 
Company Profile 
Golden Star 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. 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. 
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 under Canadian securities laws. Such
statements include the Company's expectations regarding the effect of
the negotiated resettlement agreement, Dumasi Pit reserves, the
timing of construction of the new Dumasi community, the timing of the
start of mining at the Dumasi Pit and the types of ore and the
duration of mining at Dumasi. Factors that could cause actual results
to differ materially include timing of and unexpected events at
Dumasi or at the Bogoso processing plants; variations in ore grade,
tonnes mined, crushed or milled; variations in relative amounts of
refractory, non-refractory and transition ores; the availability and
cost of electrical power; timing and availability of external
financing on acceptable terms; technical, mining or processing
issues; changes in U.S. and Canadian securities markets; and
fluctuations in gold price and costs and general economic conditions.
Investors are cautioned that forward-looking statements are
inherently uncertain and involve risks and uncertainties that could
cause actual facts to differ materially. 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 2012. 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 any estimate at any particular time
or in response to any particular event.  
Dr. Martin Raffield, Senior Vice President of Technical Services for
the Company, approved the technical information contained in this
press release. Dr. Raffield is a "Qualified Person" as defined by
Canada's National Instrument 43-101. 
For Further Information, Please Contact: 
GOLDEN STAR RESOURCES LTD.
Bruce Higson-Smith 
Senior Vice President Corporate Strategy
1-800-553-8436 
INVESTOR RELATIONS
Belinda Labatte 
The Capital Lab, Inc.
647-427-0208 
Jay Pfeiffer 
Pfeiffer High Investor Relations, Inc. 
303-393-7044 
www.gsr.com 
 
 
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