Goldsource Mines Inc.
TSX VENTURE : GXS
FRANKFURT : G5M

Goldsource Mines Inc.

April 23, 2014 09:00 ET

Goldsource Mines Updates Eagle Mountain Amending Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2014) - Goldsource Mines Inc. (TSX VENTURE:GXS)(FRANKFURT:G5M) ("Goldsource" or the "Company") announces that the TSX Venture Exchange has accepted for filing an amending agreement (the "Amending Agreement") between the Company, Eagle Mountain Gold Corp. ("Eagle Mountain"), a wholly owned subsidiary of the Company, and Omai Gold Mines Ltd. ("OGML"), a 95% owned subsidiary of IAMGOLD Corporation ("IAMGOLD"), with respect to the Eagle Mountain Gold Property in Guyana.

The Company has issued to OGML 3,389,279 common shares in consideration of OGML agreeing to the terms of the Amending Agreement, resulting in OGML holding 8% of the outstanding shares of the Company. The common shares are subject to a hold period of four months and one day from the date of issuance.

Details of the Amending Agreement with Omai Gold Mines Ltd. are set out in the Company's news release dated March 6, 2014.

ABOUT GOLDSOURCE MINES INC.

Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian resource company that is working aggressively to develop its advanced-stage, 100%-owned Eagle Mountain gold project in Guyana with initial staged production in 2014. The project has an existing NI 43-101-compliant resource of 188,000 Indicated and 792,000 Inferred gold ounces, with strong potential to expand its resources. Goldsource Mines is led by an experienced management team, proven in making exploration discoveries, achieving construction on time and budget, and fast-tracking production.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Goldsource Mines Inc.
    J. Scott Drever
    CEO
    +1(604) 694-1760 or Toll Free: 1-866-691-1760 (Canada & USA)

    Goldsource Mines Inc.
    Ioannis (Yannis) Tsitos
    President
    +1(604) 694-1760 or Toll Free: 1-866-691-1760 (Canada & USA)

    Goldsource Mines Inc.
    Fred Cooper
    Investor Relations
    +1(604) 694-1760 or Toll Free: 1-866-691-1760 (Canada & USA)
    +1 (604) 694-1761 (FAX)
    info@goldsourcemines.com
    www.goldsourcemines.com