TSX-V: SOP

2009 News Releases

December 24, 2009

Source Exploration Corp. Completes $825,000 Private Placement

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to announce that it has completed its previously announced brokered private placement of $825,000.

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December 23, 2009

Source Exploration Corp. Granted Extension on San Acacio Earn-In

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to advise its shareholders that it has been granted an extension by the Vendor to fully vest 100% interest in the 746 hectare Concession hosting the San Acacio Mine property in Zacatecas, Mexico. The new vesting date is October 31, 2010.

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December 2, 2009

Source Exploration Corp. Announces $750,000 Brokered Private Placement

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to announce that that it is proceeding with a brokered private placement to raise up to $750,000 by issuance of up to 3,750,000 Units at a price of $0.20 per Unit. Each Unit will consist of one common share and a one-half a share purchase warrant.

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October 22, 2009

Source Exploration Drilling Targets High Grade Silver Zones at San Acacio Silver Project

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to announce that it has commenced a 2,500 metre (8,200 feet) diamond drilling program at its San Acacio silver project located in the world renowned Zacatecas silver region of central Mexico.

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Annouces Appointment of New President & CEO

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to announce the appointment of Mr. Brian E. Robertson, P.Eng. as the Corporation’s new President and Chief Executive Officer.

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Source Exploration Corp. Granted Extension On San Acacio Earn-In

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) is pleased to advise it’s shareholders that it has been granted a one year extension by the Vendor to fully vest a 100% interest in the 746 hectare Concession hosting the San Acacio Mine property in Zacatecas, Mexico. The new vesting date is May 1, 2010.

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January 26, 2009

Source Exploration Corp. To Retire One Million Shares

SOURCE EXPLORATION CORP. (the "Corporation” or "Source”) (TSX-V: SOP) would like to advise its shareholders that it will cancel one million (1 million) common shares of its capital stock acquired from Sterling Mining Company on January 21, 2009 in a brokered transaction pursuant to an Early Warning report filed under National Instrument 62-103. Cancellation will be conducted immediately pursuant to applicable securities laws. The repurchase and cancellation of the shares has been approved by the TSX Venture Exchange.

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