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Golden Star Resources Redeems Remaining $44.37 Million of 4.00% Convertible Senior Unsecured Debentures

DENVER, CO--(Marketwire - Nov 30, 2012) - Golden Star Resources Ltd. ( NYSE MKT : GSS ) ( TSX : GSC ) ( GHANA : GSR ) ("Golden Star" or the "Company") today announced that it has redeemed the remaining $44.37 million of its 4.00% Convertible Senior Unsecured Debentures due November 30, 2012, plus accrued interest, in cash. References to "$" in this press release are to United States dollars.


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.

This announcement does not constitute an offer to sell, nor is it a solicitation of an offer to sell, securities.