Quarterly Operational Update

27 March 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Quarterly Operational Update

The board of Golden Saint (AIM: GSR) would like to make the following operational update to the market:

35 stream sediment samples (panned concentrate samples) from the Moa project and 43 stream sediment samples (panned concentrate samples) and three bulk samples (coarse gravel recovered from the mobile washing plant) from the Baja project obtained in the last quarter of 2014 and first quarter of 2015 have been shipped to Diatech Heavy Mineral Services ('Diatech'), Perth, Western Australia for analysis. Diatech's initial examination of the bulk samples recovered a 0.348 carat diamond; full analysis to identify any diamonds and/or indicator minerals is underway and results are expected by June 2015.

At the Tongo licence area preparation for the planned bulk sampling programme was undertaken; this comprised earthworks for the mobile washer plant and construction of a temporary labour camp as well as liaising with the local communities; the mobile washing plant has been installed and is now operational. In conjunction with this programme, site preparatory work is underway at a nearby location within the Tongo licence area for the next bulk sampling programme. The sites have been selected for sampling based upon geological information and aerial observation with the respective sites as key exploration targets for alluvial diamonds.

During March 2015 a broader exploration programme commenced in all three project areas; Tongo, Moa and Baja. The programme in each comprises soil sampling; identification and mapping of all artisanal workings; and following up on the airborne magnetic survey and heavy mineral analysis results.

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