Operational Update - Shipment of Diamonds

19 November 2013

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Operational Update - Shipment of Diamonds

Golden Saint (AIM:GSR) is pleased to announce that its first shipment of approximately 400 carats of uncut, gem quality diamonds has been exported from Sierra Leone and will shortly arrive at Solid Gold Jewellers Pty Ltd ("Solid Gold") in Perth. The uncut diamonds within the shipment vary in size from 1 carat up to 13.9 carats and comprise white diamonds, brown diamonds and yellow diamonds.

The uncut diamonds will be sorted in Perth and then sent to be cut, polished and GIA certified at a production plant appointed by Solid Gold. This process is estimated to take no longer than 90 days from the time Solid Gold receives the shipment, estimated to be within the next one to two weeks. The diamonds, once cut, polished and GIA certified, will be offered for sale initially to shareholders that own at least 10,000 ordinary shares of nil par value in Golden Saint, prior to being sold more widely. The sale of these diamonds will represent the first revenue stream of the Company.

Cyril D'Silva, Executive Chairman, commented: "We are delighted that Golden Saint is producing gem quality diamonds and will soon be in a position to sell them to the market. The initial sale of these diamonds is being offered to larger shareholders of the Company as a sign of our gratitude to the continued support that we receive."

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