The locationist model of affect, which assumes separate brain structures devoted to particular discrete emotions, is currently being questioned as it has not received enough convincing experimental support. An alternative, constructionist approach suggests that our emotional states emerge from the interaction between brain functional networks, which are related to more general, continuous affective categories. In the study, we tested whether the three-dimensional model of affect based on valence, arousal, and dominance (VAD) can reflect brain activity in a more coherent way than the traditional locationist approach. Independent components of brain activity were derived from spontaneous EEG recordings and localized using the DIPFIT method. The correspondence between the spectral power of the revealed brain sources and a mood self-report quantified on the VAD space was analysed. Activation of four (out of nine) clusters of independent brain sources could be successfully explained by the specific combination of three VAD dimensions. The results support the constructionist theory of emotions.