VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2008) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce the appointment of Mr. Lukas Marthinus (Tinus) Maree as a director of the Company.
Mr. Maree has over 20 years of experience in international finance both as a lawyer specializing in mergers and acquisitions and as an investment banker. He has served on the boards of private and public companies in South Africa and Canada. He was educated in South Africa and holds bachelor of civil and common law degrees (BCL and LLB) from the University of Pretoria. For the last ten years, Mr. Maree has been a principal and director of the River Group, an international corporate finance advisory firm with offices in South Africa, Cyprus and Canada. In this capacity, he has been involved in numerous multi-jurisdictional transactions in the private equity and public markets in South Africa, Canada and the United Kingdom. These transactions included capital raisings, mergers, acquisitions, hostile takeovers and divestitures. He has successfully advised public companies on transactions in the gold, diamond and coal sectors. Most recently, Mr. Maree was a founder, director and the Chief Executive Officer of Rusaf Gold Limited, a successful mineral exploration company with gold assets in Russia and Tanzania that was acquired by Great Basin Gold Limited during the first quarter of 2008.
J. Scott Drever, President of the Company, commented: "The addition of Mr. Maree to our Board will complement the considerable international experience of the current directors and add a significant dimension related to mergers, acquisitions and corporate finance. The addition of Mr. Maree will give the Board a majority of independent directors which will be important as the Company moves into the next phases of its growth through the exploration and development of its new Saskatchewan coal discovery. My fellow directors welcome Mr. Maree and look forward to working with him during what can only be described as exciting times in the development of Goldsource."
The Company also announces that it has granted stock options ("Options") to Mr. Maree for the purchase of 100,000 common shares of the Company for a term of 5 years at an exercise price of $6.45 per share. The option will be subject to regulatory approval and to such vesting period as determined by the Board. All shares issuable pursuant to the exercise of the Options are subject to a four-month hold period commencing from the date the Options were granted.
On Behalf of the Board of Directors of Goldsource Mines Inc.
J. Scott Drever, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Goldsource Mines Inc.
(604) 691-1761 (FAX)