August 20, 2008
Golden Star Appoints John Labate As Chief Financial Officer
Golden Star Resources Ltd. (AMEX: GSS) (TSX: GSC) (GSE: GSR) is pleased to announce the appointment of Mr. John Labate as Senior Vice President and Chief Financial Officer effective August 20, 2008.
Mr. Labate has held numerous positions in the mining finance and accounting field. Most recently, John was Chief Financial Officer for Constellation Copper Corporation. His previous experience includes Vice President and Chief Financial Officer of GeoBiotics, Inc. and Crown Resources Corporation. Mr. Labate also served at Bond International Gold as Controller and in various accounting positions at Anaconda Minerals Company.Tom Mair, President and CEO said: "We are pleased to have John join the Golden Star management team. His extensive experience in international finance and accounting will add strength to our management team at a crucial time in the Company's expansion as a mid-tier gold producer. We welcome John into his new position here at Golden Star."
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 and the Hwini-Butre and Benso properties 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 236 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 development of Golden Star. 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 factors in our Form 10-K for 2007.