Permit has been issued !!VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - Goldsource Mines Inc. (TSX VENTURE:GXS)(FRANKFURT:G5M) ("Goldsource" or the "Company") is pleased to announce the granting of a Medium Scale Mining Permit No 637/2014 (the "Permit") to Kilroy Mining Inc. ("Kilroy"), issued by the Guyana Geology and Mines Commission for operations on a 250 hectare portion (the "Property") of Goldsource's Eagle Mountain gold deposit located within the approximately 5,050 hectare Eagle Mountain prospecting license ("Eagle Mountain PL"). The Permit grants permission to mine gold, diamonds, precious metals and precious minerals within the Permit area located in Potaro Mining District #2. The Eagle Mountain PL is held by the Company's 100%-owned subsidiary in Guyana, Stronghold Guyana Inc. ("Stronghold"). As a medium scale mining permit is required under Guyana law to be held by a Guyanese national, Stronghold has entered into agreements with Kilroy, a private arm's length Guyanese company pursuant to which Stronghold and Kilroy will jointly operate the Property. Kilroy is the holder of the Permit and has granted to Stronghold the exclusive right to conduct mining operations on the Property including any additional areas acquired by Kilroy. Stronghold will fund all expenditures on the Property and receive 100% of all revenues, subject to applicable government royalties and a 2% net smelter return royalty to Kilroy as compensation for its participation. Ioannis (Yannis) Tsitos, Goldsource's President stated: "Following the recent announcement of the positive results of our Prelinimary Economic Assessment for the Eagle Mountain gold deposit, we are extremely pleased with the grant of the Permit. The project is now fully permitted for mining activities and ready for construction financing and subsequent Phase One development, as described in our News Release of July 31, 2014. The Company and its management are working aggressively with a staged production growth strategy to deliver real value to shareholders and to all other project stakeholders." As part of the agreement, Goldsource agreed to issue to Kilroy 250,000 common shares of the Company, subject to a 12-month hold period and the approval of the TSX Venture Exchange.