Mr. Steve Parsons reports

GOLDSOURCE ANNOUNCES INCREASE OF NON-BROKERED PRIVATE PLACEMENT TO $2,600,000

Due to demand from potential investors, Goldsource Mines Inc.'s non-brokered private placement announced on May 4, 2023, has been increased by $600,000 for total aggregate gross proceeds to the company of up to $2.6-million.

The private placement will consist of up to 7,222,222 units of the company at a price of 36 cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share at a price of 55 cents for a period of two years following the closing of the private placement.

The terms of the private placement and the units, the proposed use of proceeds, possible finders' fees, and some anticipated insider placees are otherwise as previously disclosed.

The private placement may close in multiple tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. All securities to be issued pursuant to the private placement will have a hold period of four months and one day from the date of closing of the private placement.

About Goldsource Mines Inc.

Goldsource Mines is a Canadian exploration company focused on the 100-per-cent-owned Eagle Mountain gold project in Guyana, South America. The company is led by an experienced management team, proven in making precious metals exploration discoveries and executing on phased project development in the Americas.

We seek Safe Harbor.