Mr. Joseph Cullen reports

METALSOURCE MINING GRANTS STOCK OPTIONS

Metalsource Mining Inc. has granted an aggregate of three million incentive stock options to employees, officers, directors and consultants of the company. The options are exercisable at 63 cents per share for a period of five years from the date of grant. All options are subject to a hold period of four months and one day. The options have been granted under and are governed by the terms of the company's stock option plan.

About Metalsource Mining Inc.

The company is engaged in acquisition, exploration and development of mineral property assets. The company's objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Aruba property. The Aruba property is located in the Kalahari Desert region of Botswana, covering 4,663 square kilometres in an area prospective for platinum group metals, gold, silver and manganese mineralization.

We seek Safe Harbor.