Source Gold Corp.
OTC Bulletin Board : SRGL

Source Gold Corp.

March 01, 2010 09:05 ET

Rimini Investments Initiates Coverage on Source Gold Corp. With a $2.73 Long Term Target Price

TORONTO, ONTARIO--(Marketwire - March 1, 2010) - Rimini Investments, through its Hartford, Connecticut Rimini Research arm, has initiated coverage of Source Gold Corp. (OTCBB:SRGL) resulting in a buy recommendation with a short term target of $1.64 and a two year target of $2.73.

The 23 page report details the economic potential of Source Gold Corp.'s KRK West Claims in the Beardmore-Geraldton Gold Camp in Ontario, Canada, as well as the Queen Claims Source Gold holds in British Columbia, Canada. The projections were derived using complex calculations utilizing Rimini's proprietary Projected Price per Share Estimate (PPPSE).

For a limited time, interested parties may obtain the report at for free.

Rimini Investments, Rimini Research, its principals, employees, advisors, and/or associates have not been compensated for this report. The report was prepared in-house and disseminated to showcase the quality of the report.

About Rimini Investments

Rimini Investments and Rimini Research are employee-owned, boutique service, research and consulting firm. Their proprietary (developed in-house) Projected Price per Share Estimate is unique in the industry allowing readers to get insights and perspective not available anywhere else. See for more information.

About Source Gold Corp.

Source Gold Corp. is a publicly traded junior mineral exploration company trading under the symbol SRGL.OB. The Company's corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario.

Submitted on behalf of the board of directors

Lauren Notar, President

Source Gold Corp.

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the US Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

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