Goldsource Mines Inc. (TSX-V:GXS; FWB:G5M) is a Canadian resource company that is is working aggressively to develop its advanced-stage, 100%-owned towards low cost, Phase I production in H2 2015. Goldsource is led by an experienced management team, proven in making exploration discoveries, achieving construction on time and budget, and fast-tracking production.

On Dec 31, 2014, Goldsource completed a private placement financing, raising $7.1 Million. Proceeds from the private placement will be used to fund all development and capital costs for Phase I mine and processing plant construction for . Detailed engineering is now in progress and construction for the project commenced in Feb. 2015.

The Eagle Mountain Saprolite Gold Project has an existing NI 43-101 resource of 188,000 Indicated and 792,000 Inferred gold ounces (effective date: Nov. 21, 2012). The current resource covers only a small portion of Eagle Mountain (250 hectares inside the 5,050 hectare property), providing excellent potential for expansion. The deposit remains open in three lateral directions and at depth, showing strong mineralization along its edges.

An updated Preliminary Economic Assessment (“PEA”) has been completed (effective date: June 15, 2014; filed Sept. 12, 2014), which sets out the economic parameters for the project’s development. Based on Goldsource’s updated PEA, the Phase I development consists of a 1,000 tonnes per day open pit – gravity plant for an 8 year mine life with estimated preproduction capital costs of US$5.9 million and cash operating costs of $480 per ounce of gold.

A medium scale mining permit has been granted for Eagle Mountain, with the project fully permitted for mining activities. In complement, the economics of the project are consider compelling, with an after tax internal rate of return (IRR) of 63%, supported by low development capital expenditures (Capex) for the project (US$5.9 million), low operating expenses (Opex) for the project (USD$630/oz; all – in sustaining cash costs), low technical risk for the project, a short timeline to free cash flow, and internally financeable organic growth.

The Eagle Mountain project is located in , , a mining-friendly, English-speaking jurisdiction with stable democracy based on British law. The deposit is located close to existing Guyanese infrastructure.

Ioannis (Yannis) Tsitos, President and Director of Goldsource, has 25+ years experience in the global mining industry, including 19 years with BHP Billiton group. Working in Canada since 2000, he left BHP Billiton in December 2007, where he had the title of new business manager for minerals exploration, based in Vancouver, British Columbia. Originally a physicist-geophysicist, he has been instrumental in the identification, negotiation and execution of more than 50 exploration agreements with juniors, majors, as well as with state exploration and mining companies. Mr. Tsitos has also been part of two discovery teams with BHP Billiton in and deposits. He holds a B.Sc degree in Physics (University of Athens), a master’s degree in Applied Geophysics and Geology (University of Birmingham, UK) and completed management and finance studies as part of an MBA program (Herriot Watt University, Edinburgh).

Goldsource shares trade on the TSX-V under the symbol GXS and in Frankfurt as G5M.

Website: http://www.goldsourcemines.com/

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