Exploration Report

1 October 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Exploration Report

Further to the Company's announcement released on 24 September 2015 Golden Saint is pleased to announce that Rock Forage Consulting Services ("Rock Forage") has finalised its exploration report which summarises its preliminary observations, conclusions and recommendations in relation to the licence areas held by the Company in Baja, Tongo and Moa ("Exploration Report") following its visit to the licence areas in August 2015.

Cyril D'Silva, CEO of Golden Saint commented: "The Company is pleased to be in a position to progress with its exploration activities following delays caused to its operations as a result of the Ebola crisis. The recommendations made within the Exploration Report, written by Rock Forage following their site visit to our licence areas will be taken on board by the Company as it progresses with its strategy over the coming months and into the dry season where such recommendations can be fully implemented."

From the site visit Rock Forage made the following conclusions:

"Alluvial Diamond Potential

Although diamonds have been mined for over 8 decades, and artisanal mining has been in force since 1950 (65 years), there is remnant potential in the more inaccessible placer deposits under thicker overburden of floodplain (flats), low terraces and/or deeper portions of the Sewa River in the Baja licence, the Woa River in the Tongo licence and the Moa River in the Moa licence. These residual alluvial targets, of which at least the Woa River also offers alluvial free gold potential, need to be mapped accurately and then prioritised for determining their diamond content (grade) and diamond quality (revenue).

It is recommended that a combination of bathymetric surveys, possibly complemented by ground penetrating radar surveys, and local knowledge (including historical mining records) be integrated to prioritise bulk sampling targets to determine grade and revenue. These approaches will be better used in the forthcoming 2015-2016 Dry Season.

Concomitantly, various mining methods need to be assessed, including robust dredging techniques and conventional excavator - earthmoving fleet combinations, to optimise extraction from potentially economic targets that may lie in sand-covered, boulder-rich basal gravels in main modern river channels and/or under thicker, clay-rich overburden overlying equally clay-rich, water-saturated basal gravels in narrow floodplain (flats) and low terrace deposits intermittently flanking the main river courses.

Kimberlite Potential

The comprehensive airborne magnetic survey flown over all three licences is currently  under review and, together with the results from the initial reconnaissance stream sediment sampling campaign to recover kimberlitic indicator minerals and diamonds, will assist in prioritising follow-up sampling campaigns for kimberlite occurrences in the Baja licence (mainly north-western portion) and the Tongo licence (northern portion). The Moa licence appears to have limited kimberlite potential based on current data on hand.

Gold Potential

The potential for alluvial free gold in the basal gravels of the Woa River floodplain (flats) deposits needs to be assessed more critically. In the Moa licence, the presence of the Kambui Hills greenstone belt along the north-western margin of this licence commands more attention and a reconnaissance geochemical soil sampling programme has been planned for the remaining months of the 2015 Wet Season and into the forthcoming Dry Season."

The full Exploration Report written by Rock Forage (which includes a full glossary of technical terms) can be downloaded from the Company's website at www.goldensaintresources.com and can also be accessed through the link on this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/8809A_-2015-10-1.pdf

The information in the Exploration Report that relates to the Baja, Tongo and Moa licence areas is based upon information compiled by Dr John D Ward (Pr. Sci. Nat; PhD) who is an Independent Consultant employed by Rock Forage Mining Limited and is a Fellow of The Geological Society of South Africa. Dr Ward has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and the activity in which he is undertaking to qualify as a Competent Person under the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Dr Ward consents to the inclusion in a release of the matters based on his information in the form and context in which it appears.

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