Source Exploration Corp.

Source Exploration Corp.

March 24, 2014 15:23 ET

Source Announces Annual and Special Meeting Results and Approval of Advance Notice Provision

THUNDER BAY, ONTARIO--(Marketwired - March 24, 2014) - SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX VENTURE:SOP) is pleased to announce that shareholders approved all resolutions at its Annual and Special Meeting of Shareholders held on March 21, 2014 at the Company's office in Thunder Bay, Ontario. Shareholders voted to elect David Baker, Brian Robertson, Earl Terris and Gorden Glenn as directors for the ensuing year. Messrs. Robert Tyson and Wayne Moorhouse informed the Board that they would not be seeking re-election prior to the meeting. Each director was elected by a majority of the shareholders by a show of hands.

The Company also announces that shareholders reappointed Grant Thornton LLP, Chartered Accountants as the Auditors for the ensuing year and authorized the directors to fix the audit remuneration, and also approve the Company's 2014 Stock Option Plan, subject to TSX Venture Exchange approval.

The shareholders also voted to amend the Corporation's by-law number 1 to include an advance notice requirement for nomination of directors by shareholders in certain circumstances, as detailed in the Information Circular, available of SEDAR (

David Baker, Executive Chairman, stated, "The Board of Directors would like to thank the shareholders for their continuing support and patience during 2013, which was very difficult year for junior resource companies. I would also like to thank the directors who did not stand for re-election for their service to the Company."

About Source Exploration

Source Exploration is a Canadian based mineral exploration company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective precious metals deposits in Mexico. Source is exploring the Las Minas project, which is located in the core of the Las Minas district in the Veracruz State, Mexico. The district is host to one of the largest under explored 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 magnitude or quality of mineral deposits, anticipated advancement of mineral properties or programs, future operations, results of exploration, prospects, commodity and precious metals prices, future work programs, anticipated financial and operational results, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors, which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Corporation's disclosure documents. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based on the opinions and estimates of management and information available to management as at the date hereof. The Corporation 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.

Shares Issued: 62,776,235

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