Golden Saint Resources : Licence Renewal and Operational Update

26 April 2016

Golden Saint Resources Ltd

('Golden Saint' or the 'Company')

Licence Renewal and Operational Update

Further to the Company's announcement of 23 March 2016, Golden Saint Resources Ltd (AIM:GSR), the West-African focused diamond and gold exploration company quoted on AIM, is pleased to update the market in relation to the renewal of its three exploration licences and its operations in Tongo:

Exploration licence renewals

The renewal applications for the Group's three exploration licences in Sierra Leone (Baja, Moa and Tongo) were approved by the Minerals Advisory Board on 21 April 2016 and as such, the National Minerals Agency ('NMA') will soon formally communicate this in writing to the Company. The letter from the NMA is anticipated by the Board to constitute the final formal approval for the renewal of the three exploration licences. The Board will update the market in relation to the content of the letter from the NMA and any further requirements for renewal contained therein, if any, once received.

Operational update

Operations in Tongo are progressing well. The refitting work on the Dove Explorer has been completed and bulk sampling operations resumed on 24 April 2016 under the supervision of the Company's technical and exploration consultants Rock Forage Consulting Services ('Rock Forage'). Rock Forage, together with key members of the Company's management, is expected to carry out the next site visit to Sierra Leone in mid May 2016.

For further information please contact: