Source Exploration Corp.

Source Exploration Corp.

June 16, 2010 18:58 ET

Source Appoints Interim Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2010) - Source Exploration Corp. (TSX VENTURE:SOP) ("Source" or "the Company") today announced the appointment of Steve Filipovic, CA as interim Chief Financial Officer effective immediately.

Mr. Filipovic replaces Matthew Kavanagh who has resigned from the Company. The Company will also relocate its corporate head office from Vancouver, British Columbia to Thunder Bay, Ontario.

"Steve has extensive financial experience with publicly traded resource companies which will add financial expertise to Source as it builds its asset base in precious metals," said President and CEO Brian Robertson. "I am pleased to welcome him to the Source team as we continue to advance the San Acacio silver property in Mexico and evaluate additional acquisitions."

The Board of Directors wishes to thank Mr. Kavanagh for his contribution to the Company and wishes him success in his future endeavours.

About Source Exploration

Source Exploration is a Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic silver deposits in Mexico. Source is currently advancing the prolific past producing San Acacio silver mine in Zacatecas, Mexico, as well as evaluating other precious metal properties for potential acquisition.

Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Shares Issued: 29,331,248

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.

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