Conclusion of Capital Raising Exercise

7 January 2016

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Conclusion of Capital Raising Exercise

Further to the Company's announcement of 9 October 2015 entitled 'Launch of Capital Raising', the Company announces that the capital raising to raise up to GBP 250,000 by way of the issuance of 8% transferable convertible loan notes through the Crowd for Angels (UK) Limited online funding platform has now been terminated. Given that the minimum subscription of GBP 50,000 was not reached the issue will not proceed.

The Company continues to have a short term working capital requirement and is currently in discussions with a potential alternative funder.

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