VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2008) - Goldsource Mines Inc. (TSX VENTURE:GXS) (the "Company") announces that it has granted stock options ("Options") to its directors, officers, employees and consultants for the purchase of up to a total of 555,000 common shares of the Company at an exercise price of $0.38 per share. The Options have a term of 5 years and are governed by the Company's Stock Option Plan, which is a 'rolling' plan whereby options to purchase common shares may be granted up to a maximum 10% of the issued and outstanding common shares of the Company from time to time.
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.
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in product prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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)