New High Grade Discovery Northwest Of Eagle Mountain

VANCOUVER, BC  - Goldsource Mines Inc.reported new high-grade discovery from the first two diamond core hole results based on the ongoing exploration program at the Salbora target, Eagle Mountain Gold Project in Guyana. Salbora is located approximately 1.5 kilometers northwest of Eagle Mountain.

The Company’s first two diamond core holes include EMD18-053 with 40.0 metres (est. true width) grading 6.52 grams per tonne (“g/t”) gold (“Au”) and EMD18-052 with 17.0 meter (est. true width) grading 2.82 g/t Au. Results from these near-surface diamond core holes show high-grade gold mineralization below the previously announced surface trench, TRBS18-002, which returned 123 meters (horizontal width) grading 1.92 g/t Au (see news release dated May 24, 2018). The estimated mineralized footprint at surface, determined by initial work to date, is 500 meters long, 50 to 100 meters wide, unknown depth from surface, and open in all directions. Step out diamond core drilling is planned at Salbora in H1, 2019 to help further define this high-grade discovery.

Yannis Tsitos, President, said “These first deeper drill holes at Salbora improve our understanding of the previously announced high-grade results, which included trenching and shallow sonic core drilling. Surface projection of gold mineralization to depth is apparent and remains open in all directions. These diamond drilling results indicate the potential to delineate a near surface, wide, high-grade gold deposit at Salbora which would expand the current resources at Eagle Mountain. Hole EMD18-053 is the Company’s best drill hole to date on the Project. The Company is starting a step out diamond drilling program on 50 to 100 meter centres along the suggested strike of Salbora to test continuity of high-grade mineralization and further increase our understanding of the overall grade and size of this discovery.”

The company’s address is 570 Granville Street, Suite 501, Vancouver, British Columbia V6C 3P1, (604) 694-1760, www.goldsourcemines.com.