Golden Star Announces Future Listing on Ghana Stock Exchange.

DENVER -- Golden Star Resources Ltd. (AMEX:GSS) (TSX:GSC) today announced that it intends to seek a process to apply for a listing of its shares on the Ghana Stock Exchange.

The majority of Golden Star's exploration and production assets are located in Ghana and, therefore, it is a natural progression to be listed on the local stock exchange to support the further growth of the Ghana Stock Exchange and to allow our employees and stakeholders in Ghana an opportunity to invest in Golden Star. It is expected that the listing in Ghana will be supported by the issuance of between US$5 and US$10 million in Golden Star shares to investors in Ghana, subject to applicable regulatory approval.

The listing on the Ghana Stock Exchange is to be concurrent with Golden Star's listing on the Toronto Stock Exchange and the American Stock Exchange, and if it is successful, will be completed in compliance with the requirements of such exchanges and will be subject to requisite regulatory approvals. Golden Star intends to take appropriate steps to ensure that common shares of Golden Star will be tradable on all three exchanges.

Peter Bradford, President and CEO, commented, "Since 1999, Golden Star has been a "Ghanaian company" in that its primary assets and the majority of its exploration activities have been centered in Ghana. We believe that our commitment to Ghana should extend to becoming a company whose shares are tradable on the Ghana Stock Exchange."

Company Profile

Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 233 million shares outstanding.

Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the intention to list its shares on the Ghana Stock Exchange, proposed offering in Ghana, and the steps to be taken to ensure common shares are tradable on all three exchanges. Factors that could cause actual results to differ materially include fluctuations in gold price, changes in U.S., Canadian and Ghanaian securities markets, and failure to receive regulatory approvals. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other risk factors in our annual report on Form 10-K, as amended, for the fiscal year ended December 31, 2006. While we may elect to update the forecasts at any time, we do not undertake to update them at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.