Golden Star Enterprises : Notice of Material Event

NOTICE OF MATERIAL EVENT

GOLDEN STAR ENTERPRISES LTD. 2803 Philadelphia Pike, Claymont DE 19703 Company Telephone [phone]

Company Website: www.goldenstarenterprisesltd.com Company email: [e-mail]

CLAYMONT, DELAWARE: December 27, 2021: Golden Star Enterprises, Ltd. (OTC-

PINK: GSPT) (the "Company") announces that it has filed a lawsuit in Israel against the original founders of Enigmai Ltd. ("Enigmai") the Company's wholly-owned subsidiary, for Breach of Contract, and for damages in the amount of 559,977 NIS (approximately $179,845 USD).

With the acquisition of Enigmai, the original founders of Enigmai, agreed to assist the Company in its transition, and more specifically, with training on the use of its software, and performance of various services related to the upgrading of the product.

During the month of October 2021, both original founders of Enigmai informed the Company that they would cease providing their services on October 31, 2021, contrary with agreed upon terms of the acquisition of Enigmai, wherein, the founders agreed to assist the Company until the transition was complete and all improvements, upgrades and training of the product was completed.

The Company has not yet received a response to the claim filed in Israel.

About Golden Star Enterprises Ltd.

Golden Star Enterprises Ltd. (GSPT) is a publicly-traded holding and acquisition company interested in taking technology start-ups and growing them to the next level. We actively search for exceptional investment opportunities in the technology vertical. We leverage management's extensive experience in the marketplace and tech industry connections to create opportunities for companies in our portfolio.

About Enigmai

Enigmai was founded in Israel in 2009. As an Israeli tech company, Enigmai developed a unique and advanced solution to address the challenges large contact centers face with workforce management. Our solution supports the entire workflow cycle, from managing shifts and employee breaks to forecasting every day's HR needs. Our system offers numerous advantages like integration with other organization systems in use, real-time information update, easy access reports, and a web-based solution. Leading financial and insurance companies in Israel currently use our system, supporting the operation of hundreds of employees daily.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding GSPT's plans, objectives, future opportunities for GSPT's services, future financial performance and operating results and any other statements regarding GSPT's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond GSPT's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business, with key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti-takeover measures in our charter documents. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

For Further Information:

Eliav Kling, CEO

Company Telephone: [phone]

Company Website: www.goldenstarenterprisesltd.com

Company email: [e-mail]

SOURCE: Golden Star Enterprises Ltd.