Golden Star Resources Ltd. (``Golden Star'') is pleased to announce that it has today closed the transaction with Anvil Mining NL (``Anvil'') whereby Golden Star has acquired all of Anvil's interests in Bogoso Gold Limited (``Bogoso''), thereby increasing Golden Star's holding in Bogoso from 70% to 90%.

Under the transaction, Golden Star has issued Anvil 3,000,000 common shares at a deemed price of US$0.40 per share in exchange for Anvil's 20% shareholding in Bogoso and Anvil's 22.2% interest in the approximate US$28 million of debt owed by Bogoso to Anvil and Golden Star. Following the transaction, Golden Star owns 90% of Bogoso. In addition, the approximate US$28 million Bogoso debt is now owed wholly to Golden Star.

Golden Star holds a 90% equity interest in the Bogoso gold mine in Ghana, a 30% equity interest in the Omai gold mine in Guyana, and a 50% interest in the Gross Rosebel gold project in Suriname. In addition, the Company has other gold and diamond exploration interests in the Guiana Shield in South America and in West Africa. Following this transaction, Golden Star now has approximately 44 million shares outstanding. The Company is listed on the Toronto Stock Exchange under the symbol ``GSC'' and trades on the OTC Bulletin Board under the symbol ``GSRSF''.

For further information, please contact:
Peter Bradford President and CEO, +1-303-894-4613, or Allan Marter Chief Financial Officer, +1-303-894-4631, or GOLDEN STAR RESOURCES LTD., +1-800-553-8436.