Golden Sunset Trail Inc.

December 14, 2007 13:30 ET

Golden Sunset Trail Inc. Completes Previously Announced Qualifying Transaction, Private Placement, Change to Management and Stock Option Grant

GRIMSBY, ONTARIO--(Marketwire - Dec. 14, 2007) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset") (NEX BOARD:GST.H) is pleased to announce that it has completed the previously announced indirect acquisition of all of the issued and outstanding securities of Brimstone Mining, Inc. ("Brimstone") from Brimstone's previous shareholders ("Brimstone Shareholders"). The acquisition of Brimstone (the "Transaction") constitutes the "Qualifying Transaction" of Golden Sunset, as such term is defined by Policy 2.4 of the TSX Venture Exchange Inc. the ("Exchange"). The business of Golden Sunset will be in the mineral resources industry as it will conduct the business formerly carried on by Brimstone.

Pursuant to the Transaction, Golden Sunset incorporated a Montana subsidiary, Golden Sunset Trail Montana Inc. ("GST Montana"). GST Montana acquired all of the issued and outstanding securities of Brimstone from the Brimstone Shareholders in consideration of US$300,000 and 1,310 GST Montana voting common shares (the "Exchange Shares") issued at a deemed price of C$1,500 per share, representing aggregate consideration of C$2,265,000 (based on US dollar exchange rate of US$1.00 = C$1.00). The Exchange Shares will be exchangeable at the option of the holder for common shares of Golden Sunset ("GST Common Shares") on the basis of 10,000 GST Common Shares for one GST Montana Common Share, however, such exchange may only occur if the total number of GST Common Shares issuable pursuant to the Exchange Shares is less than 50% of the total number of GST Common Shares issued and outstanding at the time of the exchange.

Private Placement

Concurrent with the closing of the Transaction, Golden Sunset completed a non-brokered private placement ("Private Placement") of 7,492,370 GST Common Shares at the price of $0.15 per share for gross proceeds of $1,123,855. The proceeds of the Private Placement will be used to fund the cash consideration of the Transaction and for working capital.

Management of Resulting Issuer

David Rovig, a former principal of Brimstone, has been appointed to the Board of Directors of Golden Sunset, such that the board is currently comprised of Daniel Donn, Lynn Patrick, Ian Carwardine and David Rovig.

Alan Lutyk has been appointed as Chief Financial Officer of Golden Sunset and Daniel Kenney has resigned as Corporate Secretary.

Stock Options

Golden Sunset has granted a total of 554,000 incentive stock options ("Stock Options") on closing of the Transaction, subject to the approval of the Exchange, to the directors and officers of Golden Sunset. The Stock Options have an exercise price of $0.15 and expiry five years from the date of the grant.

For further information regarding the Transaction please refer to Golden Sunset's press releases dated October 11, 2007 and November 28, 2007 and the filing statement dated November 23, 2007, available on SEDAR at

Trading of the GST Common Shares will remained halted on the TSX Venture Exchange until such time as the TSX Venture Exchange has provided their final approval for the Transaction.

The TSX Venture Exchange has not passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

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