Subscription

12 May 2015

Golden Saint Resources Ltd

("Golden Saint" or the "Company")

Subscription

The board of Golden Saint (AIM: GSR) ("Board") is pleased to announce that that on 14 April 2015 the Company raised £23,678.40 by the issue of 15,785,600 new Ordinary Shares of no par value in the Company ("Ordinary Shares") ("Subscription Shares") at a subscription price of 0.15 pence per share ("Subscription"). Expenses of the Subscription payable by the Company are £1,183.92 in cash. The Subscription is conditional only upon admission of the Subscription Shares to trading on AIM and has been carried out within the Company's existing share authorities. 

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

The Subscription Shares will rank pari passu with the existing Ordinary Shares and application has been made for the Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Subscription Shares will commence at 8.00 a.m. on 18 May 2015.

Following Admission of the Subscription Shares, the Company's issued share capital will consist of 1,120,243,170Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 1,120,243,170 may be used by shareholders, following the Subscription, 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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