TSX-V: SOP

2012 News Releases

November 15, 2012

Step-out Drilling at Las Minas Project Intersects 4.30 g/t Gold, 7.55 g/t Silver and 2.91% copper over 8.0 Metres

SOURCE EXPLORATION CORP. (the "Company” or "Source”) (TSX-V: SOP) reports that four new drill holes from the 2012 program have expanded the recently discovered high–grade zone at the Las Minas property, Mexico The drilling has extended the high–grade discovery zone a further 35 metres to the west of discovery hole LM-SC-12-45, which returned 15.89 grams per tonne gold (g/t Au), 12.98 grams per tonne silver (g/t Ag) and 2.25% copper (%Cu) over 10 metres. Drill hole LM-SC-12-57 returned 4.30 g/t, 7.55 g/t silver and 2.91% copper or 8.88 g/t Au Eq over 8.0 metres. The high-grade zone has now been outlined by detailed drilling over a strike length of 55 metres, with widths varying from 4.0 to 28.0 metres and extending approximately 150 metres down-dip. The high-grade core of gold, silver and copper mineralization is contained within a larger mineralized envelope measuring approximately 87 metres on strike, and remains open both down-dip and along strike to the Northwest.

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November 7, 2012

Source Begins Ground Magnetic Geophysical Survey at Las Minas

SOURCE EXPLORATION CORP. (the "Company” or "Source”) (TSX-V: SOP)is pleased to report that it has begun an important ground-based magnetic geophysical survey over the central part of its concessions at the Las Minas property, State of Veracruz, Mexico. The area targeted by the survey measures approximately 5.5 kilometres by 2.5 kilometres and includes the recently reported high–grade Santa Cruz discovery area. Drilling at Santa Cruz returned several high–grade intersections, including 15.89 g/t/t Au, 12.98 g/t Ag and 2.25% Cu over 10 m (see press release dated January 26, 2012) and 7.90 g/t Au, 14.9 g/t Ag and 1.68% Cu over 2.0 metres (see press release dated October 18, 2012).

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October 18, 2012

Source Reports More High-Grade Mineralization in Step-Out Drilling at Las Minas

SOURCE EXPLORATION CORP. (the "Company” or "Source”) (TSX-V: SOP)
is pleased to report that step-out drilling at the Santa Cruz target at the Las Minas project in Mexico has intersected high–grade mineralization along-strike from that previously discovered in hole LM-11-SC-45, within the larger halo of copper-gold mineralization at Las Minas. As previously reported, hole LM-SC-45 returned an intercept of 15.89 grams per tonne gold (g/t Au) 12.98 grams per tonne silver (g/t Ag) and 2.25 percent copper (% Cu) over 10.0 metres (m). Step-out drilling has returned significant gold values as well as some of the highest grade silver and copper intercepts recorded to date. The higher grade mineralization appears to be closely associated with skarn-type alteration with high magnetite content ranging up to 90% by volume. A detailed magnetic geophysical survey has been initiated in an effort to better define future drill targets.

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September 12, 2012

Source Intersects Significant Mineralization in Step-Out Drilling at Las Minas

SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX-V: SOP) is pleased to report that the first two step-out holes drilled proximal to the high-grade discovery hole LM-11-SC-45 have intersected significant copper and magnetite mineralization indicative of strong potential to expand this high-grade area at Las Minas. The discovery hole graded 15.89 g/t gold (Au), 12.98 g/t silver (Ag) and 2.25 percent copper (Cu) over 10.0 metres (m) - see press release dated January 26, 2012 .

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September 5, 2012

Source Announces New Board and CFO Appointments and Granting of Incentive Options

SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX-V: SOP) announced today that Gorden Glenn, B.Sc., has been appointed Chairman of the Board of Directors. Mr. Glenn has extensive experience in the mining sector, having held senior positions with a number of major Canadian Banks and Securities firms focused on large, medium and small cap mining and exploration companies. His financial market experience includes mine finance, M&A, and project evaluation. Mr. Glenn also served as President & CEO of Foran Mining Corporation and is currently Interim President, CEO and Director of Auriga Gold Corp. He holds an Honours Bachelor of Science degree in Geological Sciences from Queen's University, and has considerable experience in directing and executing exploration programs gained during his employment with Kennecott Canada Inc and Inmet Mining Corporation. Mr. Ewan Downie will step down as Chairman of Source but remain a Director of the Company.

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July 17, 2012

Source To Commence Drilling Program on Higher-Grade Portions of Las Minas Property

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce its 2012 work program for the Las Minas gold – silver – copper project located at Veracruz, State, Mexico. The program will include 2,000 metres of diamond drilling to expand upon and infill the higher-grade portion of the host skarn intrusion identified in Phase 2 drilling. A drilling contract has been awarded to Grupo Drilcor S.A. de C.V. and drilling is scheduled to get underway in mid-August. In addition, continued prospecting and sampling will be carried out to test for extensions of existing mineralization and identification of new gold, silver and copper mineralization at Las Minas, La Miquitta and La Luz concessions as well as the newly acquired San Valentin concession- see press release dated June 26, 2012.

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June 26, 2012

Source Expands Las Minas Land Position to Include On-Strike Continuation of Gold - Silver - Copper Skarn Discovery

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce that its wholly-owned Mexican subsidiary Roca Verde Exploration de Mexico has acquired through staking the San Valentin concession. The concession, which is located approximately 2.0 kilometers south of the Las Minas property, contains 345.18 hectares and hosts a skarn system with high-grade magnetite as well as gold, silver and copper mineralization. Surface exploration shows the gold – silver – copper bearing skarn discovery at Las Minas trends onto the new property.

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April 10, 2012

Source Announces Filing of Technical Report on the Capricho Property in Sinaloa State, Mexico

 SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to announce that it has filed a National Instrument 43-101 – Standards for Disclosure of Mineral Projects ("NI 43-101)” compliant technical report with respect to the Capricho property located in Sinaloa State, Mexico on SEDAR at http://www.sedar.com. The report, entitled "Technical Report on the Capricho Au-Ag Property, Sinaloa State, Mexico” (the "Technical Report”), dated March 22, 2012 was prepared for the Corporation by Tim Twomey, a qualified person within the meaning of NI 43-101. The report has been posted on the Company’s website at http://www.sourceexploration.com.

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March 2, 2012

Source Exploration Corp. Completes $2,990,000 Non-Brokered Private Placement

 SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce the closing on March 1, 2012 of its previously announced non-brokered private placement of 11,500,000 units (the "Units”) at a price of $0.26 per Unit for gross proceeds of $2,990,000 (the "Offering”).

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January 31, 2012

Source Exploration Corp. Announces Increase in Non Brokered Private Placement to Raise up to $2,990,000

 SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce that due to strong investor demand for its recently announced non-brokered private placement (the "Offering”) of up to 10,000,000 units of the Company (the "Units”) at a price of $0.26 per Unit, the Company has agreed to increase the size of the Offering to raise up to $2,990,000. The Offering will now include the issuance of an additional 1,500,000 Units, for a total of up to 11,500,000 Units.

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January 30, 2012

Source Exploration Corp. Announces Non Brokered Private Placement of up to $2,600,000

 SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce that it has arranged a non-brokered private placement (the "Offering”) of up to 10,000,000 units of the Company (the "Units”) at a price of $0.26 per Unit for gross proceeds of up to $2,600,000. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company for a period of twelve months from the closing date of the Offering at a price of $0.60 per common share, provided that the Company will have the right to accelerate the expiry date on notice to the Warrant holders if the closing price of its common shares on a stock exchange in Canada is higher than $0.80 per common share for a period of 20 consecutive trading days after four months from the closing date of the Offering , in which case the Warrants will expire 30 days after the date on which such notice is given.

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January 26, 2012

Source Extends Las Minas Mineralization with High- Grade Intercepts Including 15.89 g/t Gold, 12.98 g/t Silver and 2.25 % Copper over 10.0 Metres

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”)reported today that drilling at its Las Minas project has intersected high-grade gold, silver and copper mineralization and extended the mineralized skarn zone by a further 125 metres on strike for a total known strike length of approximately 840 metres. The drilling also intersected high–grade skarn zone mineralization by as much as approximately 265 metres down-dip of previously reported drilling. Highlights of recent drill results include...

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January 10, 2012

Source Signs Definitive Option Agreement to Purchase Capricho Property Drilling to Commence Soon

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) (the "Company”) is pleased to announce that is wholly owned Mexican Subsidiary Roca Verde Exploration de Mexico has signed an option agreement with Empresa Minera Caprice, JC, S.A. de C.V. to acquire up to a 100% interest in its Capricho mineral exploration concessions located in Sinaloa, Mexico. The terms of the option agreement were detailed in a previous press release dated November 9, 2011. Drilling prospective high grade targets is scheduled to commence in January.

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January 4, 2012

Source Exploration Appoints Paul Huet as Director and Grants Options

SOURCE EXPLORATION CORP. (the "Company” or "Source”) (TSX-V: SOP) announced today that Mr. Paul Huet has been appointed as a Director of the Company.

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