Goldsource Mines Inc.

Goldsource Mines Inc.

September 28, 2010 14:41 ET

Goldsource Announces Grant of Options and Amended Stock Option Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2010) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS)(FRANKFURT:G5M) announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 700,000 common shares of the Company at an exercise price of $0.82 per share for a five year term expiring September 28, 2015. Options granted will vest as to 25% of the optioned shares on the date of grant and a further 25% will vest every six months thereafter until fully vested.

The Company also announces an amended expiry date of incentive stock options previously granted to certain directors, officers and consultants of the Company.

The expiry date for 775,000 outstanding stock options held by certain current directors, officers and consultants of the Company originally granted on December 23, 2005 at an exercise price of $0.90 per share has been extended from five years ending December 23, 2010 to ten years ending December 23, 2015.

The amended expiry date is subject to TSX Venture Exchange acceptance.

Goldsource Mines Inc. (TSX VENTURE:GXS)(FRANKFURT:G5M) is a resource company that is engaged in the exploration and development of Canada's newest coalfield in east‐central Saskatchewan. The Company has aggressively drilled only a portion of this new thermal coalfield, and has discovered 17 coal deposits of varying size with coal zone thicknesses up to 126 meters within the permit area of the Border Coal Project. An experienced management team, who has accumulated a century's worth of international mining success, leads Goldsource and is based in Vancouver, BC. 

"J. Scott Drever"

J. Scott Drever, President

Neither the TSX-Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy or adequacy of this release.

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