Goldsource Mines Appoints Haytham Hodaly to Board

Vancouver, British Columbia--(Newsfile Corp. - March 29, 2017) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to announce the appointment of Mr. Haytham Hodaly to the Board of Directors of the Company, effective March 28, 2017.

Mr. Hodaly is an engineer with a B.A.Sc. in Mining and Mineral Processing Engineering and a Master of Engineering, specializing in Mineral Economics. Mr. Hodaly is currently Senior Vice President, Corporate Development at Silver Wheaton Corp. ("Silver Wheaton"). Prior to joining Silver Wheaton in 2012, he spent 16 years in the North American securities industry, most recently as Director and Mining Analyst, Global Mining Research at RBC Capital Markets.

Ioannis Tsitos, President, stated: "We are very pleased Mr. Hodaly is joining our Board of Directors. He brings a wealth of technical and corporate expertise to Goldsource and his success on technical, corporate and market matters will enhance our current board. We are confident that our mix of deeply experienced directors provides continuity in the strength of the Company's leadership and good governance, for years to come."

The Company also announces the grant of stock options under its Stock Option Plan to Mr. Hodaly for the purchase of 500,000 common shares of the Company at an exercise price of $0.16 per share for a five-year term expiring March 28, 2022.The stock option grant is subject to regulatory approval.

Ioannis (Yannis) Tsitos
President
Goldsource Mines Inc.

For Further Information:

Goldsource Mines Inc.
Contact: Ioannis (Yannis) Tsitos, President
Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1760
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1760 (Canada & USA)
Email: info@goldsourcemines.com
Website: www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

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