Goldsource
Appoints New Director
June 2, 2008
VANCOUVER, B.C. June 2, 2008 - Goldsource Mines Inc. (the
�Company�) is pleased to announce the appointment of Mr. Lukas Marthinus
(Tinus) Maree as a director of the Company.
Mr. Maree has over 20 years of experience in
international finance both as a lawyer specializing in mergers and
acquisitions and as an investment banker. He has served on the boards
of private and public companies in South Africa and Canada. He was
educated in South Africa and holds bachelor of civil and common law degrees
(BCL and LLB) from the University of Pretoria. For the last ten years,
Mr. Maree has been a principal and director of the River Group, an
international corporate finance advisory firm with offices in South Africa,
Cyprus and Canada. In this capacity, he has been involved in numerous
multi-jurisdictional transactions in the private equity and public markets in
South Africa, Canada and the United Kingdom. These transactions
included capital raisings, mergers, acquisitions, hostile takeovers and
divestitures. He has successfully advised public companies on
transactions in the gold, diamond and coal sectors. Most recently, Mr. Maree
was a founder, director and the Chief Executive Officer of Rusaf Gold
Limited, a successful mineral exploration company with gold assets in Russia
and Tanzania that was acquired by Great Basin Gold Limited during the first
quarter of 2008.
J. Scott Drever, President of the Company,
commented: �The addition of Mr. Maree to our Board will complement the
considerable international experience of the current directors and add a
significant dimension related to mergers, acquisitions and corporate finance.
The addition of Mr. Maree will give the Board a majority of independent
directors which will be important as the Company moves into the next phases
of its growth through the exploration and development of its new Saskatchewan
coal discovery. My fellow directors welcome Mr. Maree and look forward
to working with him during what can only be described as exciting times in
the development of Goldsource.�
The Company also announces that it has granted stock
options (�Options�) to Mr. Maree for the purchase of 100,000 common
shares of the Company for a term of 5 years at an exercise price of
$6.45 per share. The option will be subject to regulatory approval
and to such vesting period as determined by the Board. All shares
issuable pursuant to the exercise of the Options are subject to a four-month
hold period commencing from the date the Options were granted.
On Behalf of the Board of Directors of
Goldsource Mines Inc.
"J. Scott Drever"
J. Scott Drever, President
For further information,
please contact:
Fred Cooper
Telephone: (604) 691-1760
Fax:
(604) 691-1761
Email:
info@goldsourcemines.com
Website: www.goldsourcemines.com
405-1311 Howe Street
Vancouver, BC V6Z 2P3
The TSX-Venture Exchange has not reviewed and does not
accept responsibility for the accuracy or adequacy of this release.
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