Eagle Mountain Announces Termination of Financing Arrangements

Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company") (TSX VENTURE:Z)
(FRANKFURT:E9X1) (OTCQX:EMGCF) today announced the termination of its financing
arrangements with Weiser Capital Limited ("Weiser") of Nassau, Bahamas. Weiser
has assisted the Company with several financings, earning fees for introducing
investors to the Company and arranging for their participation in equity
financings. Following receipt of shareholder approval for the Company's proposed
business combination with Goldsource Mines Inc. (the "Transaction"), Weiser's
services are no longer required.


The Company has agreed, subject to TSX Venture Exchange (the "Exchange")
acceptance, to issue to Weiser common shares having an aggregate value of
$100,000, at a price per share equal to the 10-day Volume Weighted Average Price
("VWAP") of the Company's shares traded on the Exchange for the 10-day period
ending February 25, 2014. In consideration for the share issuance, Weiser has
agreed to terminate its agreement with the Company and surrender its first right
of refusal on future financings.


The closing of the Transaction is scheduled to occur on February 28, 2014. The
Transaction is subject to the Company obtaining final approval of the TSX
Venture Exchange. A summary of the Transaction is provided in the Company's news
release dated November 26, 2013.


On behalf of The Board of Directors of Eagle Mountain Gold Corp.

Ioannis (Yannis) Tsitos, President, CEO & Director 

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eagle Mountain Gold Corp.
Ioannis (Yannis) Tsitos
President, CEO and Director
Toll Free (North America): 1 [phone]
Outside North America: [phone]
[e-mail]