NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Source Exploration Corp. ("Source" or the "Company") (TSX VENTURE:SOP) announces
that in connection with its previously announced non-brokered private placement
(the "Offering") of up to 5,000,000 units of the Company at a price of $0.075
per Unit for gross proceeds of up to $375,000, the Company will pay a finder's
fee to certain arm's length parties of up to 6% of the gross proceeds of the
Offering that are sold to subscribers introduced by such parties, payable in
cash or common shares of the Company, in consideration for their efforts in
introducing subscribers to the Company. The finder's fee payments are subject to
the approval of, and will be made in accordance with, the rules of the TSX
Venture Exchange. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


About Source Exploration

Source Exploration is a Canadian based mineral exploration company committed to
building long-term value through the discovery, acquisition and advancement of
mineral properties. The Company holds an option on the Las Minas gold - silver
and copper exploration project located within the Las Minas mining district in
the State of Veracruz, Mexico. The district hosts one of the largest under
explored gold - silver - copper skarn systems known in Mexico and has a strong
production history that dates back to the Aztec era. 


Cautionary Statement Regarding Forward-Looking Information: This news release
includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements about the payment of finder's fees
to certain arm's length parties. Forward-looking information is based on the
opinions and estimates of management that, which considered reasonable, are
subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the
forward- looking information. Such risks and uncertainties include, but are not
limited to, risks associated with the mining industry, the risk of commodity
price and foreign exchange rate fluctuations, the ability of the Company to fund
the capital and operating expenses necessary to achieve the business objectives
of the Company, as well as those risks described in public disclosure documents
filed by the Company. Due to the risks, uncertainties and assumptions inherent
in forward-looking information, prospective investors in securities of the
Company should not place undue reliance on such forward-looking information. The
Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.


The Units have not been registered under the United States Securities Act of
1933, as amended (US Securities Act), and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This news release does not constitute an offer to sell or a
solicitation of an offer to buy such Units in any jurisdiction in which such an
offer or sale would be unlawful.


Shares Issued: 57,626,235 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Source Exploration Corp.
David Baker
Executive Chairman
604-817-4211 or 604-970-8050
807-474-4272 (FAX)
info@sourceexploration.com
www.sourceexploration.com

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