GXS Goldsource Mines Inc

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Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX
VENTURE:GXS)(FRANKFURT:G5M) is pleased to announce that, in connection with its
previously announced private placement financing (the "Brokered Private
Placement") led by Canaccord Genuity Corp., it has increased the over-allotment
option of the Brokered Private Placement from C$150,975 to C$700,975. 


As a result of the increase in the over-allotment option, the total proceeds of
the Brokered Private Placement together with the concurrent offering by way of a
TSX Venture Exchange Short Form Offering Document have increased to $3,753,025.


The proceeds raised from the issuance of the securities shall be used to fund
ongoing work programs on the Company's coal properties and for general working
capital purposes.


Closing of the Offerings is anticipated to occur on or before May 12, 2011 and
is subject to the receipt of applicable regulatory approvals including approval
of the TSX Venture Exchange. 


Goldsource Mines Inc. is a Canadian resource company engaged in the exploration
and development of Canada's newest coal field in the province of Saskatchewan.
The Company has drilled only a portion of this new thermal coal field and has
discovered 17 coal deposits of varying size with coal thicknesses up to 126
meters within the permit area of the Border Coal Project. Headquartered in
Vancouver, BC, the Company is managed by experienced mining and business
professionals.


J. Scott Drever, President

GOLDSOURCE MINES INC.

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