Source Gold Corp.
OTC Bulletin Board : SRGL

Source Gold Corp.

June 27, 2011 15:00 ET

Barry Price to Head Source Gold Exploration Committee

TORONTO, ONTARIO--(Marketwire - June 27, 2011) - Source Gold Corp. (OTCBB:SRGL) is pleased to announce that Barry Price, a Source Advisory Committee member since Nov. 2009, will be heading Source's exploration committee. Mr. Price has extensive background in providing property inspections in Canada, US, Mexico, Cuba, Panama, Nicaragua, Peoples Republic of China, Republic of South Africa, Portugal, Guinea, Ecuador, Argentina and Indonesia as well as geological research compilations for areas of Ecuador, China, Panama, Argentina and Australia. His expertise is a valuable asset to Source Gold Corp.

Mr. Price is an independent consulting geologist and Professional Geoscientist and has been a member of the Association of Professional Engineers & Geoscientist of BC since 1992. Mr. Price graduated from the University of British Columbia with a B.SC. (honors) Geology in 1965 and a M.Sc. (Economic Geology) in 1972. He also holds membership in the Association of Mineral Exploration (AME), 1979-present, the Canadian institute of mining and Metallurgy (CIM) 1991-present, and the Society of Economic Geologists (SEG) 2007-present.

He is currently Director of several public companies including Pinestar Gold Inc., Swift Resources Inc., Rio Plata Exploration Corp. and Victory Ventures Inc.

Mr. Price has been providing consulting geological services for major and junior exploration companies since 1969. He has acted as a Qualified Person (QP) prepared Technical qualifying Reports (National Instrument 43-101 compliant), property evaluations and development of exploration programs and plans. Mr. Price also has supervised major drill programs and prepared property valuations or Opinions of Value for RTO's, Major Transactions and Expropriations.

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 and the USA, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario, and expanding using advanced methods of exploration on the once prolific silver and gold producer, the Vulture Mine Site, in Wickenburg, Arizona.

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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