DGAP-News

Goldsource Provides Update on Eagle Mountain - Seite 3

**Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources.

The Company's target is to increase saprolite resources to a minimum of 600,000 ounces grading 1.0 to 1.5 grams per tonne ('gpt') gold with a strip ratio of less than 1:1 (waste:ore). This will support the completion of a PFS on a low cost large-scale, 4,000 to 5,000 tpd, open pit gravity-CIL operation.

The Company currently has no debt and US$1.3 million in available cash to support the above programs through to the end of 2017.

The Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for Goldsource, who has reviewed and approved its contents.

Ioannis (Yannis) Tsitosnts
President
Goldsource Mines Inc.

For Further Information:

Goldsource Mines Inc.
Contact:   Ioannis (Yannis) Tsitos, President
Fred Cooper, Investor Relations
Telephone:   [phone]
Fax:   [phone]
Toll Free:   1-866-691-1760 (Canada & USA)
Email:   [e-mail]
Website:   www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

CAUTIONARY STATEMENT AND FORWARD-LOOKING DISCLAIMER

Management's production decision for the Eagle Mountain Gold Project is not based on a feasibility study of mineral reserves demonstrating economic and technical viability. This project has a much higher risk of economic or technical failure and may adversely impact the Company's projected profits, if any. The risks associated with this decision are set forth in the Company's latest annual management's discussion and analysis available on the Company's website and under Goldsource's SEDAR profile on www.sedar.com.