Source Exploration Corp.

Source Exploration Corp.

October 19, 2010 15:00 ET

Source Exploration Corp. Announces Grant of Options

THUNDER BAY, ONTARIO--(Marketwire - Oct. 19, 2010) - SOURCE EXPLORATION CORP. ("Source Exploration") (TSX VENTURE:SOP) announces that a total of 995,000 stock options to purchase Source Exploration common shares are being granted to directors, officers and consultants at an exercise price of $0.28 per share, expiring on October 18, 2015. The grant is subject to regulatory approval.

Source Exploration is a Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic gold and silver deposits in Mexico.

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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