Goldsource Mines Inc. announced exploration drill results for the Company's 100%-owned Eagle Mountain Gold Project in Guyana, South America. Reported results are for a new prospect located within the Eagle Mountain Prospecting License and proximal to the Eagle Mountain deposit. This prospect, called Soca, was discovered in late 2021 as part of the Company's Phase-2 exploration program.

The Soca Prospect was one of several areas tested as part of the Company's 2021 Phase-2 drill program, which was initiated in September after completion of the larger 17,500-metre infill and expansion program. The Phase-2 program was designed to test known geophysical and geochemical targets as well other areas of interest proximal to the Eagle Mountain deposit. With several targets worthy of follow-up work, the Company announced an increase to the 2021 Phase-2 drill program to 9,000 metres from the initial 5,000 metres.

It was the discovery of the Soca Prospect in late 2021 that drove the increase in meterage and expanded scope. Georgetown, Guyana. Diamond Drill holes EMX21-011, EMX21-013, EMX21-015 and EME21-165 intersected mineralization below the company cut-off of 0.3 gpt gold for saprolite and 0.5 gpt gold for fresh rock.

The 2022 program will include drilling and generative exploration activities as well as a significant increase in technical work to progress the prefeasibility study. The Company's exploration program has three primary objectives: Announce an updated Mineral Resource Estimate ("MRE") in first quarter of 2022. An initial 11,000-metre drilling program (2022 - Phase 1), the majority of which is anticipated in first half of 2022, will include testing of known target areas along the Salbora-Powis trend; infill and expansion drilling of the Toucan Prospect; and infill drilling of the Eagle Mountain deposit to upgrade new inferred mineralization.

The re-initiation of a generative exploration program, inclusive of geophysics, geochemistry, and trenching, among other techniques, to add to the pipeline of prospective greenfields gold targets for follow-up drilling. The updated MRE is currently being finalized and is expected to be announced in the coming weeks. The MRE will include infill drilling of the Eagle Mountain and Salbora deposits to upgrade a significant portion of the mineralization currently classified as Inferred to the Indicated category.

In addition, resources will be reported for the earlier-stage Toucan and Powis prospects. The updated MRE will be used as the basis for the Company's planned prefeasibility study.