0001035704-06-000764 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 6th, 2006 • Golden Star Resources LTD • Gold and silver ores

THIS EMPLOYMENT AGREEMENT, made as of the 17th day of June 2006 or such earlier date that the parties agree (the “Effective date”) (the “Agreement”) by and between GOLDEN STAR RESOURCES LTD. or its nominee (the “Company”) and COLIN BELSHAW (the “Employee”).

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SEVERANCE AND RELEASE AGREEMENT
Severance Agreement • November 6th, 2006 • Golden Star Resources LTD • Gold and silver ores • Colorado

This Severance and Release Agreement (the “Agreement”) is made between (i) Allan J. Marter (“Mr. Marter”) and (ii) Golden Star Resources Ltd. (the “Company”). Mr. Marter and the Company are referred to collectively as the “Parties” and individually as a “Party.”

THIS MEDIUM TERM LOAN AGREEMENT is dated the 11th day of October, 2006. BETWEEN
Medium Term Loan Agreement • November 6th, 2006 • Golden Star Resources LTD • Gold and silver ores

ECOBANK GHANA LIMITED, a limited liability company established under the Laws of the Republic of Ghana whose registered office is No. 19, Seventh Avenue, Ridge West, Accra, with postal address P.O. Box 16746, Accra-North in the Greater Accra Region of the Republic of Ghana

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