GXS Goldsource Mines Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX
VENTURE:GXS)(FRANKFURT:G5M) announces that it has arranged the "Equity Finance"
required as a condition of its business combination with Eagle Mountain Gold
Corp. ("Eagle Mountain") disclosed in its news release dated November 26, 2013.
The Equity Finance condition, which required Goldsource to raise a minimum of
$1.5 million, will consist of a private placement of $2.4 million comprised of
17,142,858 units at a price of $0.14 per unit priced pursuant to a price
protection notice filed January 28, 2014. Each unit will consist of one common
share and one-half of one common share purchase warrant of Goldsource, with each
whole warrant being exercisable for one common share of Goldsource at a price of
$0.20 per share for a term of 3 years. Closing of the Equity Finance is
conditional on closing of the Eagle Mountain business combination.


The Company will have the right to accelerate the expiry date of the warrants if
the Volume Weighted Average Price of the common shares of the Company on the TSX
Venture Exchange is greater than $0.65 per share for any 20 consecutive trading
days after the first 18 months of the term. In such case, upon notice by the
Company, any warrants which remain unexercised will expire 30 days after such
notice. 


Proceeds from the private placement will be used to advance the Eagle Mountain
Gold Project and for general working capital purposes. No commission or finder's
fee is payable on the private placement. The private placement is subject to
regulatory approval and resale of the shares will be subject to a hold period of
four months and one day following the closing date of the private placement.


NO U.S. REGISTRATION 

The securities referred to in this press release have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any applicable securities laws of any state of the United
States, and may not be offered or sold within the United States or to, or for
the account or benefit of, U.S. persons (as such term is defined in Regulation S
under the U.S. Securities Act) or persons in the United States unless registered
under the U.S. Securities Act and any applicable securities laws of the United
States or an exemption from such registration requirements is available. This
press release does not constitute an offer to sell or a solicitation of an offer
to buy any of these securities within any jurisdiction, including the United
States.


J. Scott Drever, President 

GOLDSOURCE MINES INC.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldsource Mines Inc.
Fred Cooper
(604) 694-1760
1-866-691-1760 (Canada & USA)
(604) 694-1761 (FAX)
info@goldsourcemines.com
www.goldsourcemines.com

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