VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 08/24/09 -- Goldsource Mines Inc. ("Goldsource" or the "Company") (TSX VENTURE: GXS)(FRANKFURT: G5M) is pleased to report that it has completed the final eight holes of the summer phase of drilling at its wholly-owned Border Project ("Border") located near Hudson Bay, Saskatchewan, Canada, which encountered 23 to 50 metre coal intercepts. Drilling to date has discovered 15 coal deposits at Border with excellent potential for additional coal discoveries. The highlights of the summer program and Border drilling are as follows; - Discovery of the "Niska" sub-basin with 3 new coal deposits with aggregate true coal thicknesses ranging from 23 to 62 metres. - Recent Border drilling identified 6 new coal deposits in previously discovered sub-basins. - 13 drill holes intercepted aggregate coal thicknesses ranging from 5.5 metres to 62.0 metres. - 20 drill holes totaling 3,267 metres were drilled at Border (see attached map: http://media3.marketwire.com/docs/BorderCoalProject.pdf). A total of 355 coal samples were sent to Loring Labs in Calgary, Alberta for proximate analyses. - 5000 line kilometres of airborne geophysics were completed over the Border, Ballantyne and selected areas in Manitoba which successfully identified a number of potential coal bearing sub-basins. - A total of 15 discrete, shallow coal deposits of various dimensions have now been identified within a 15 kilometre radius at Border. J. Scott Drever, President stated; "Since the discovery of this unique coal field 16 months ago, we have explored only a small portion of the 1300 square kilometre property with 115 drill holes. We have been rewarded with 15 different deposits in six separate sub basins that contain coal thicknesses averaging approximately 25 metres and have coal intervals ranging up to 100 metres in true thickness. To put this in perspective, many coal mines in North America are based on coal seams only a few metres thick and our average thickness is roughly the height of an eight story building. The primary objective for our continued exploration efforts has been to identify priority areas that potentially contain sufficient coal resources that may be economically developed. We believe we have been extraordinarily successful in achieving that objective and most of our land holdings are yet to be explored." Twenty core holes totaling approximately 3,267 metres have been drilled during the summer program using a helicopter supported drill rig. The most significant coal intervals occurred in the Niska sub-basin and included holes BD09-107 and BD09-108 with true aggregate thicknesses of approximately 62.0 metres and 50.1 metres respectively of dull to bright coal with similar visual and geophysical characteristics. Holes BD09-107 and BD09-108 are located approximately 10 to 15 kilometres northeast and north of the discovery areas Chemong 03 and Chemong 06 and are also near to rail and highway access. All holes drilled in this phase were designed to test new targets outside the original discovery area with the exception of hole BD09-106. This hole was a re-drill of DB08-02 which was previously terminated in a coal zone. Summary of Summer Program Coal Intercepts: Numbering of the drill holes for this phase of exploration continues sequentially beginning at BD09-96. Names of Sub-basins are based on an identifier in the general location and the Areas are designated according to the discovery hole numbers. Drill Holes BD09-96 to BD09-107 have been reported previously in a news release dated July 30, 2009 and are repeated here for comparison purposes.

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