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upon change of any relevant policy, apply or circumstance inside their division. From January 8 to October 9, Mr. Doyle was Chief Executive Officer of Medoro Resources Ltd. pursuant to a merger in June 11, Medoro is now generally known as Gran Colombia Gold Corp., a Canadian gold exploration and development firm with actions in Africa and South America. Mr. Doyle was with Pacific Stratus Energy as Executive Vice President from 5 via 6, Chief Financial Officer from October 6 to May 7 and Vice President from March 6 to May 7. Mr. Doyle also was Chief Financial Officer of Coalcorp Mining Inc. from November 5 to May 7 and Chief Financial Officer of Bolivar Gold Corp. from January 3 to February 6. Mr. Doyle served as a director of Gran Colombia Gold Corp. Mr. Doyle is also a member of the board of directors and chairman of the Audit Committee and member of the Compensation, Corporate Governance and Nominating Committee of Mandalay Resources Corp., a director and member of the Audit and Technical Committees of Detour Gold Corporation. Mr. Doyle, a chartered accountant and a chartered director, has over 3 years’ experience in all sides of international useful resource exploration, development and manufacturing. Mr. Doyle brings a broad skill set to the Board of Directors, together with a thorough understanding of operations, accounting and financial technique of international mining corporations. Any adverse change within the public’s perception of Golden Star’s prospects might trigger the value of the Company’s securities, together with the worth of the widespread shares, to decrease dramatically. Furthermore, any unfavorable change within the public’s notion of the prospects of mining firms normally might depress the value of the Company’s securities, including the price of the frequent shares, whatever the Company’s outcomes. Following declines out there price of an organization’s securities, securities class-action litigation might be instituted. Litigation of this kind, if instituted, may lead to substantial costs and a diversion of the Company’s management’s consideration and sources. The Company’s business, mining operations and exploration and improvement actions are topic to intensive Canadian, United States, Ghanaian and different overseas, federal, state, provincial, territorial and native laws and laws governing exploration, improvement, manufacturing, exports, taxes, labor standards, waste disposal, protection of the environment, reclamation, historic and cultural

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