GXS Goldsource Mines Inc

Goldsource Mines Inc. (TSX VENTURE:GXS)(FRANKFURT:G5M) -

A correction from source is issued with respect to the release issued earlier
today at 9:30 ET. The sentence "N. Eric Fier, CPG, P.Eng. and Qualified Person
for this news release has reviewed and approved its contents" has been added to
the end of the release, and the complete release follows.


Goldsource Mines Inc. (the "Company") reports results on 27 core holes completed
for 3,769 metres drilled during the 2009 - 2010 winter exploration program at
its wholly-owned Border Project ("Border") located near Hudson Bay, Sask.
Proximate analyses for 13 drill holes are reported in the table below. Numerous
intercepts of greater than 40 metres of coal were encountered with the coal in
the Niska 107 deposit nearer to surface, generally showing lower ash content and
higher calorific values than other deposits. Minor coal seams were encountered
in some of the remaining 14 holes, while others were drilled outside the
periphery of the deposits.


For this phase of exploration, numbering of drill holes continues sequentially
from previous programs beginning at BD09-116. Deposit names are based on an
identifier in the general location, and areas are designated according to
discovery hole numbers.




------------------------------------------------------------------------
                                                                   Calor-
                                                            Calor-  ific
                                              Moist- Sulf-   ific  Value
                                          Ash   ure    ur   Value    BTU/
                      From     To  Coal   (ar)  (ar)  (ar)  kg/KJ     lb
Hole ID   Deposit       (m)    (m)   (m)    %     %     %  (ar) %    (ar)
------------------------------------------------------------------------
BD10 120  Niska 107   60.5   85.3  24.7  13.2  24.3   2.4  18,392  7,907
------------------------------------------------------------------------
BD10 121  Niska 107   71.8  116.0  44.2  10.3  32.8   2.4  16,564  7,121
------------------------------------------------------------------------
BD10 125  Niska 107   71.5  126.0  54.5  16.2  33.8   2.2  14,291  6,144
------------------------------------------------------------------------
BD10 127  Niska 107   51.0   59.4   8.4  23.0  29.4   1.8  13,433  5,775
------------------------------------------------------------------------
BD10 133  Niska 107   46.5   53.5   7.0  14.8  27.2   1.6  16,501  7,094
------------------------------------------------------------------------
BD10 136  Niska 107   94.3  121.0  26.7  19.2  28.0   2.0  15,339  6,595
------------------------------------------------------------------------
BD10 138  Niska 107   55.4   62.5   7.1  17.4  25.2   1.9  16,513  7,099
------------------------------------------------------------------------
BD10 119  Niska 108   99.5  148.1  48.6  16.2  24.8   2.5  17,434  7,495
------------------------------------------------------------------------
BD10 123  Niska 108  119.0  137.0  21.0  14.5  33.4   2.3  15,401  6,621
------------------------------------------------------------------------
BD10 135  Niska 108   70.3   80.0   9.7  26.9  21.9   2.0  14,220  6,113
------------------------------------------------------------------------
BD10 139  Niska 108   80.1  103.7  23.6  22.4  24.1   1.8  15,327  6,589
------------------------------------------------------------------------
BD10 124  Pasquia 2   85.2  123.2  38.0  not analyzed - for    Pasquia 2
                                         future test work      hydrology
                                                                    hole
------------------------------------------------------------------------
BD10 140  Chemong 3   77.3  152.0  74.7  not analyzed - for    Chemong 3
                                         future test work   in-fill hole
------------------------------------------------------------------------

NOTE: All numbers are "as-received" (ar) and rounded. Coal intervals are
      based on less than 1.6 density, and a Calorific Value (Heat Value)
      of greater than 14k kg/KJ.



To date, drilling has identified 17 coal deposits at Border, with the recent
Fugro airborne gravity surveys indicating good potential for additional coal
discoveries and the expansion of several existing deposits.


Goldsource will incorporate data from the winter 2009 - 2010 drill program into
an updated NI 43-101 Technical Report, which will include an updated resource
model and revised estimates. It is anticipated that much of the 89.6 million
tonnes of Inferred resources will be upgraded to the Indicated resource
category.


The Preliminary Economic Assessment ("PEA") continues under the direction of
Marston Consultants and EBA Engineering Consultants. Initial results from the
PEA suggest:




--  An on-site 500 MW clean coal-fired generator is the first choice for an
    end use of the coal. Design of the coal-fired electric generating plant
    can accommodate the coal quality of the deposits. Abundant biomass
    resources available in Saskatchewan to offset CO2 emissions for a
    reduced carbon footprint can supplement this fuel. Recent power studies
    suggest that a 500 MW generator would help fulfill Saskatchewan's future
    power requirements. 

--  An on-site coal to liquids plant appears to be a second alternative for
    an end use of the coal. Goldsource has signed confidentiality agreements
    with providers of this technology which will be assessed as part of the
    PEA. Indications are that these technologies can be economically
    competitive with the current price of oil. Based on conversion ratios of
    1.5 to 3.0 barrels of oil equivalents per tonne of coal, there are an
    estimated 200 to 400 million barrels of oil equivalent contained in the
    Border Coal deposits. 

--  A review of potential power generation partners is underway. In
    addition, the study will examine mining and capital costs,
    transportation and potential export markets. 



Goldsource anticipates completion of the PEA in Q3, 2010.

Results from a recent Fugro airborne Falcon gravity survey completed in the
spring of 2010 have been received. Initial assessment of the data shows expanded
boundaries of existing deposits as well as newly defined targets. The Company
believes that the test programs have enhanced its ability to identify new
deposits and better define the boundaries of these unique deposits. Depending on
the availability of financing, the Company plans to drill these targets in late
summer 2010 to expand near-surface resources and identify potential tonnages of
improved coal quality.


Current coal resources at Border include:



             - Indicated Resources:      63.5 million tonnes
             - Inferred Resources:       89.6 million tonnes
             - Speculative Resources:    18.7 million tonnes



Please refer to Moose Mountain Technical Services NI 43-101 "Technical Report on
the Border Coal Property, Resource Estimation" dated December 24, 2009 and
available on www.sedar.com.


Goldsource's President, J. Scott Drever states that, "We believe that we have
successfully achieved our main goal of converting the Inferred Resources in the
Niska deposits to the higher category of Indicated Resources. In doing so, we
will have exceeded the threshold target of 100 million tonnes of Indicated
Resources necessary to support a potentially economic operation of significant
size. The completion of the Marston Preliminary Economic Assessment later this
year will provide guidance as to what options are available for development of
the resources and how the significant value of these coal assets can be
realized."


N. Eric Fier, CPG, P.Eng. and Qualified Person for this news release has
reviewed and approved its contents.


Goldsource Mines Inc. (TSX VENTURE:GXS) 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 greater than 100 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. The Company is well
financed, and based in Vancouver, BC.


This news release contains forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
coal permits and mineral property titles; project cost overruns or unanticipated
costs and expenses, fluctuations in commodity product prices; currency
fluctuations; and general market and industry conditions. Forward-looking
statements are based on the expectations and opinions of the Company's
management on the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.


J. Scott Drever, President

GOLDSOURCE MINES INC.

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