RECENT UPDATES February 14, 2013 Geophysical Survey Identifies Large Scale Magnetic Anomalies at Las Minas November 15, 2012 Step-out Drilling at Las Minas Project Intersects 4.30 g/t Gold, 7.55 g/t Silver and 2.91% Copper over 8.0 Metres November 7, 2012 Source Begins Ground Magnetic Geophysical Survey at Las Minas October 18, 2012 Source Reports More High-Grade Mineralization in Step-Out Drilling at Las Minas  September 12, 2012 Source Intersects Significant Mineralization in Step-Out Drilling at Las Minas September 5, 2012 Source Announces New Board and CFO Appointments and Granting of Incentive Options July 17, 2012 Source to Commence Drilling Program on Higher-Grade Portions of Las Minas June 26, 2012 Source Acquires San Valentin Concession April 10, 2012 Source announces filing of Technical Report on the Capricho Property March 2, 2012 Source Completes $2,990,000 Non-Brokered Private Placement January 31, 2012 Source Announces Increase in Non Brokered Private Placement to Raise up to $2,990,000 January 30, 2012 Source Announces Non Brokered Private Placement of up to $2,600,00 January 26, 2012 Source Extends Las Minas Mineralization with High- Grade Intercepts

Source Exploration Corp is a Canadian based exploration and development company exploring for gold, silver and copper in historical mining districts in Mexico. Source's Las Minas project is located in the state of Veracruz. Las Minas Project The Las Minas project is located approximately 270 kilometres east of Mexico City and is accessible by road. The project is comprised of six mineral concessions covering approximately 1,616 hectares in the heart of the Las Minas district in the State of Veracruz, Mexico. The district is host to one of the largest under explored gold – copper skarn systems known in Mexico, and has a strong production history that dates back to the Aztec era. Since 1870, the area has seen over 20 active mines. The district is highly prospective for both bulk tonnage gold - copper skarn deposits and high grade gold - silver epithermal vein deposits. The Company has made several discoveries at the Las Minas project and outlined gold- silver and copper mineralization in a skarn zone with a strike length in excess of 700 metres. Highlights from drilling carried out in late 2011 include and reported in a Press release dated January 26, 2012 include: • LM-11-LL-40 grading 14.94 grams per tonne gold (g/t Au), 4.02 g/t silver (Ag) and 0.52% copper (Cu) over 3.65 metres (m); including 27.05 g/t Au, 6.80 g/t Ag and 0.91 % Cu over 2.0 m • LM-11- SC-44 grading 1.27 g/t Au, 4.23 g/t Ag, 0.38 % Cu over 24.0 m • LM-11- SC-45 grading 15.89 g/t Au, 12.98 g/t Ag and 2.25 % Cu over 10.0 m; including 37.26 g/t Au, 25.4 g/t Ag and 4.05 % Cu over 4.0 m • LM-11-SC-49 grading 1.08 g/t Au, 3.05 g/t Ag and 0.42 % Cu over 42.0 m • LM-11-SC-50 grading 0.75 g/t Au, 3.31 g/t Ag and 0.40 % Cu over 90.6 m; including 2.06 g/t Au, 8.62 g/t Ag and 1.04 % Cu over 24.0 m  A 1970's report by the Cosejo De Recursos Minerales (CRM), a mining division of the Mexican government, estimated that the central part of the district (controlled by Source) has a potential of 80 million tonnes of mineralized skarn, which, while relevant from an exploration perspective, is not a 43-101 compliant and cannot be relied upon. Source's team is a highly successful group with extensive expertise in exploration, corporate finance, mine development and operations in Mexico, North America and off shore.

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