Mr. Joe Cullen reports

METALSOURCE MINING INC. PROVIDES DRILLING UPDATE AT SILVER HILL PROJECT

Metalsource Mining Inc. has provided an update on its continuing diamond drilling program at the Silver Hill project, which is located approximately 15 kilometres south of Lexington, N.C.

Two recently completed drill holes, SH26-07 and SH26-08 (currently in progress), have intersected multiple intervals of sulphide mineralization at depth, located proximal to historic underground workings but within areas that have not been previously drill tested. Mineralization is hosted in tuffaceous argilites and rhyolitic volcaniclastics and massive flows.

Hole SH26-07 intersected a broad zone of mineralization between approximately 129.85 metres and 155.45 metres downhole, comprising multiple discrete intervals of semi-massive to massive sulphides with associated quartz veining, silicification and sulphide mineralization comprising sphalerite, galena and pyrite.

Drilling of hole SH26-08 has now intersected sulphide mineralization beginning at approximately 185 metres to 191 metres, for an apparent thickness of six m and an estimated true thickness of four m. This interval occurs at depth, south of the termination of historic underground workings, within a zone that has not previously been drilled.

The company notes that visual identification of sulphide mineralization intervals do not indicate metal grades or economic significance. Core processing is continuing with logging, sampling and submittal for labratory analysis under way.

The current drilling continues to test down-dip and along-strike extensions of the Silver Hill mineralized system, with stepout drilling planned to evaluate continuity and scale.

The exploration results described herein are preliminary in nature and are insufficient to define a mineral resource. Further drilling is required to determine the continuity, geometry and grade distribution of the mineralization. At the time of this release, analytical results are still pending, the reported intervals are based on geological logging only.

Qualified person

All scientific and technical information, has been reviewed and approved by Rory Kutluoglu, BSc, PGeo, a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Kutluoglu is an independent consultant of the company within the meaning of NI 43-101.

Silver Hill project

Located in the Carolina Terrane, the property is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. This terrane has been suggested to be an extension of the Avalon Terrane. The property is 1,128 acres located in Davidson county, North Carolina. As the first significant discovery and first silver-producing mine in America, there is an extensive drill hole database, underground mapping, historic dumps and underground chip samples which comprise the historic data set. This mineralization is currently known to extend to 550 m from surface, in a steeply trending series of lenses, which remain open in multiple directions. Bolstering these historic records, recent surface sampling contained results including SH25-003 containing 444 grams per tonne Ag (silver), 17.7 g/t Au (gold), 8.61 per cent Pb (lead) and 0.507 per cent Zn (zinc).

Byrd-Pilot Mountain project

Located in central North Carolina, within the Carolina Terrane. Early USGS work in the 1980s flagged the area as possibly hosting a porphyry gold-copper system, subsequent work demonstrated broad gold mineralization in soils, trenches, and shallow RC (reverse circulation) drilling, coincident with strong self-potential anomalies. Geology shows intense quartz-sericite-pyrite alteration, high-sulphidation signatures and high-alumina minerals (like Haile and Brewer deposits to the south), suggesting potential for a large epithermal or porphyry-related gold system. Geologic modelling indicates east-west trend to the identified mineralization, open in multiple directions, with oxidation noted down to a depth of 30 m. No drilling has tested the Meridian discovery zone since those 1980s campaigns, leaving potential for significant resource expansion through work commitments of the agreement.

All scientific and technical information in this news release has been reviewed and prepared under the supervision of Rory Kutluoglu, PGeo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Metalsource Mining Inc.

Metalsource Mining is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

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