An anonymous director reports

UPDATE ON BOGOSO REFRACTORY BUSINESS

Golden Star Resources Ltd. is pursuing a strategy of transforming to a low-cost, non-refractory gold producer. In line with this strategy, the refractory mining and processing operations at Bogoso were due to be closed in the fourth quarter of 2015. Expectations were that this operation would produce 145,000 to 155,000 ounces of gold in 2015 at a cash cost of between $870 and $960 per ounce.

Due to frequent voltage fluctuations in the grid power supply over the last three months, the ball mill at the Bogoso refractory plant has sustained repeated significant damage culminating last week in a complete failure of the ball mill motor. A replacement motor for the ball mill is being refurbished and is expected to be on site next week. This downtime at the plant impacts bacterial activity and gold recovery in the Biox circuit.

The cumulative impact on throughput at the mill and the resulting impact of such throughput issues on the cost structure compels management to review its options at Bogoso and an early closure of the refractory operations is being contemplated. This is expected to have a negative impact on production and costs for the full year. Further guidance will be provided after this review.

We seek Safe Harbor.