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VANCOUVER, BC – December 11, 2020 – Goldsource Mines Inc. (“Goldsource” or the “Company”) announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 4,350,000 common shares of the Company at a price of $0.13 per share for a five year term expiring December 10, 2025. The stock options were granted to directors, officers, employees and consultants of the Company and are subject to any necessary regulatory approvals.

A 12-month vesting schedule will apply to stock options exercisable for 50,000 common shares pursuant to which 25% of the Option Shares will vest on each of March 10, 2021, June 10, 2021, September 10, 2021 and December 10, 2021 respectively.

ABOUT GOLDSOURCE MINES INC.

Goldsource Mines Inc. (www.goldsourcemines.com) is a Canadian resource company working aggressively to develop its advanced-stage, 100%-owned Eagle Mountain saprolite and hard-rock gold project in Guyana, South America. From 2016 to 2017, through a gravity pilot plant initiative, the Company completed testing on gravity-only gold production and both dry and wet mining open-pit techniques. Goldsource is now focused on delivering feasibility studies to achieve large-scale gold production at Eagle Mountain. Goldsource is led by an experienced management team, proven in making exploration discoveries and in project construction.

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