Mr. Joe Cullen reports

METALSOURCE MINING ANNOUNCES $7.5 MILLION PRIVATE PLACEMENT

Metalsource Mining Inc. has arranged a non-brokered private placement financing of up to 10.05 million units in the capital of the company at a price of 75 cents per unit for gross proceeds of up to $7,537,500, which shall have one sole placee.

Each unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of three years at a price of $1 per common share.

All securities issued in connection with the offering will be subject to applicable statutory hold periods in accordance with Canadian securities laws. The offering is subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.

About Metalsource Mining Inc.

Metalsource Mining is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

We seek Safe Harbor.