The future of the Bogoso-Prestea mine, its workers and other stakeholders was our priority. 'By working with the FGR team we have been able to conclude discussions on an amicable and cooperative basis. Golden Star has agreed to adjust the timing of the staged payments in order to support the development of the refractory resource at Bogoso-PresteaĪndrew Wray, Chief Executive Officer of Golden Star, commented: The quantum of the Sulphides Contingent Payment defined in the Share Purchase Agreement remains unchanged.The NSR payments are capped at $35 million, equaling the value of the initial Deferred Consideration and the working capital balancing payment that were defined in the Share Purchase Agreement.The deferred consideration (the 'Deferred Consideration') detailed in the share purchase agreement dated July 26, 2020, as supplemented by a letter agreement dated September 30, 2020, and amended by a first amending agreement dated Maand a second amending agreement dated (collectively, the 'Share Purchase Agreement') will now be replaced by a net smelter return ('NSR') agreement which will trigger certain payments once 100,000 ounces of gold have been produced from the Prestea underground mine.The conclusion of negotiations to restructure the consideration for the purchase of the Bogoso-Prestea mine represents a full and final settlement of all existing and future claims, together with a mutual release between Golden Star and FGR.

All references to '$' herein are to United States dollars.

(NYSE American: GSS) (TSX: GSC) (GSE: GSR) ('Golden Star' or the 'Company') is pleased to announce that it has concluded negotiations with Future Global Resources Limited ('FGR') to restructure the consideration for the purchase of the Bogoso-Prestea mine that was completed on September 30, 2020. 1, 2021 /PRNewswire/ - Golden Star Resources Ltd.

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