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To: ogi who wrote (115316)	5/22/2008 11:09:47 PM
From: maxncompany	Read Replies (2) \| Respond to of 313851

Goldsource's coal applications get priority status 2008-05-22 17:52 ET - News Release Mr. J. Scott Drever reports GOLDSOURCE RECEIVES MINISTRY CONFIRMATION OF PRIORITY STATUS FOR COAL APPLICATIONS Goldsource Mines Inc. has received confirmation of the priority status from the Saskatchewan Ministry of Energy and Resources for 179 coal applications filed by the company. The coal applications for which priority status has been confirmed comprise a total of approximately 143,000 hectares, being an area of roughly 1,430 square kilometres. This area is centred on the two core drill holes which resulted in the discovery of the coal intercepts previously announced (news in Stockwatch dated April 22 and April 28, 2008). The company cautions that issuance of actual coal permits will not occur until the ministry has completed its full review. As previously announced (news in Stockwatch dated May 5, 2008), the coal intercepts are from two core holes located 1.64 kilometres apart and represent 26 metres and 32.5 metres, respectively, of coal seam, including 22.6 metres of continuous coal in each hole. Most of the coal from the two intercepts is ranked as high-volatile bituminous C and subbituminous A, and is believed to be from the Mannville/Swan River group of Cretaceous age. The two core drill holes are located approximately 50 kilometres north of Hudson Bay, Sask. We seek Safe Harbor.