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LATEST FIRM TRANSACTION

Goldsource Mines Inc. Completes $6.6 Million Private Placement

March 24, 2020

Goldsource Mines Inc. (TSX-V: GXS, OTCQB: GXSFF, FWB: G5M), a mineral exploration company developing its advanced-stage saprolite and hard-rock gold project in Guyana, completed a best efforts private placement of 60,026,500 units at a price of $0.11 per unit for gross proceeds of $6,602,915. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to an additional common share at an exercise price of $0.16 until September 24, 2022. The offering was led by Eight Capital and included PI Financial Corp. and Raymond James Ltd. as agents.

Wildeboer Dellelce LLP represented the agents with a team that included Perry Dellelce, Peter Volk, Carlye Bellavia and Colin Romano (corporate/securities).

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