Subscription and Total Voting Rights

28 January 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Subscription and Total Voting Rights

Golden Saint (AIM: GSR) is pleased to announce that on 27 January 2015 it entered into a subscription agreement with Darwin Strategic Limited ("Darwin") to raise £175,000 by the issue of 53,846,154 ordinary shares of no par value in the capital of the Company ("Subscription Share") at a price of 0.325 pence per Subscription Share ("Subscription").

The Company intends to use the proceeds of the Subscription for general working capital purposes.

Application will be made for the Subscription Shares, which will rank pari passu with the Company's existing issued ordinary shares of no par value in the capital of the Company ("Ordinary Shares"), to be admitted to trading on AIM. Dealings in the Subscription Shares on AIM are expected to commence on or around 3 February 2015.

Following the issue of the Subscription Shares, the Company's issued share capital will consist of 552,457,570 Ordinary Shares of no par value, with voting rights. The Company does not hold any Ordinary Shares in treasury. The above figure of 552,457,570 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules of which the Company has incorporated Chapter 5 into its articles of association.

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