GST Golden Sunset Trail Inc. (Tier2)

GOLDEN SUNSET TRAIL INC. ("Golden Sunset") (TSX VENTURE:GST) is pleased to
announce that it has entered into an engagement agreement with Raymond James
Ltd. (the "Agent") in connection with a proposed financing to be conducted by
way of long form prospectus (the "Financing") for a minimum of $3 million and a
maximum of $5 million in gross proceeds. The Financing will be comprised of
units (the "Units") issued at a price of $0.25 per Unit. Each Unit will be
comprised of one common share (a "Common Share") and one-half common share
purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to
acquire one Common Share at a price of $0.35 for a period of 18 months following
closing of the Financing, subject to an accelerated expiry date on 21 days'
notice should the Common Shares trade at an average of $0.50 or above for twenty
consecutive trading days on the TSX Venture Exchange (the "Exchange"). Golden
Sunset will also grant to the Agent an over-allotment option to sell up to
3,000,000 additional Units.


As consideration for their services in connection with the Financing, the Agent
is entitled to receive an agency fee of $40,000 (plus GST), a selling commission
of 10% of the gross proceeds of the Financing, other than with respect to
proceeds raised from those subscribers listed on the President's list, for which
the Agent will receive a commission of 6%. The Agent will also receive an
agent's option permitting the Agent to purchase Units representing a number
equal to 10% of the Units issued pursuant to the Financing at a price of $0.25
for a period of 18 months following closing of the Financing, subject to an
accelerated expiry date on 21 days' notice should the Common Shares trade at an
average of $0.50 or above for twenty consecutive trading days on the Exchange.


The closing of the Financing is expected to occur on or about June 30, 2008 and
is subject to receipt of normal course regulatory approvals. The net proceeds of
the Financing will be used to fund Golden Sunset's reopening, exploration, and
development of the Mayflower Mine.


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

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