Goldsource Mines Announces Completion of Private Placement for $256,800

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) is pleased to announce that the proposed private
placement announced in its news release on December 2, 2013 was oversubscribed.
The Company completed on December 16, 2013 the private placement of 2,140,000
units at a price of $0.12 per unit for gross proceeds of $256,800. Each unit
consisted of one common share of Goldsource and one-half of a 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 24-month term until December 16,
2015.


Certain of Goldsource's insiders purchased a total of 945,000 units under the
private placement.


The shares and warrants issued under the private placement and the shares
issuable upon exercise of the warrants are all subject to a hold period that
expires on April 17, 2014.


Net proceeds from the private placement will be used for general working capital
purposes.


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 applicable state securities laws, 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)
unless registered under the U.S. Securities Act and applicable state securities
laws 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
[phone] or 1-866-691-1760 (Canada & USA)
[phone] (FAX)
[e-mail]
www.goldsourcemines.com