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SOP

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Share Name Share Symbol Market Type
TSXV:SOP TSX Venture Common Stock
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Source Exploration Corp.: Infill Drilling at Las Minas Project Supports Results of Prior Drilling at El Dorado Target

13/03/2014 12:00pm

Marketwired Canada


SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX VENTURE:SOP) is
pleased to announce that seven new infill drill holes drilled at the El Dorado
target of the Las Minas Project have confirmed the results outlined by earlier
exploration drilling. The seven holes are part of a planned two phase program
totaling approximately 2,800 metres of delineation drilling at the El Dorado and
Santa Cruz discovery areas. 


The mineralized skarn zone at El Dorado remains fully open to the east and west
and continues towards the south where it is believed to merge with the higher
grade Santa Cruz zone. Previously reported exploration drilling at Santa Cruz
intersected high-grade mineralization in hole LM-11-SC-45, which returned 15.89
grams per tonne gold (g/t Au) 12.98 grams per tonne silver (g/t Ag) and 2.25
percent copper (% Cu) over 10.0 metres(m) - see press release January 26, 2012.
The El Dorado and Santa Cruz zones are only two of the several known mineralized
skarn zones that occur on the property.


The gold - silver and copper mineralization zone outlined in the infill drilling
is genetically related to the Las Minas granodiorite intrusive and the
hydrothermal systems that accompanied granitoid emplacement. The Las Minas
granodiorite intrusive measures approximately 10 kilometres in diameter and
underlies the Las Minas concessions. 


NEW DRILL RESULTS 

Selected drill highlights from the first seven holes of infill drilling include: 

Hole LM-14-ED-03 returned:



--  0.77 g/t Au, 13.4 g/t Ag, 5.37% Cu or 10.2 g/t Au Eq over 2.0 metres
    within 
--  6.9 m grading 0.28 g/t Au, 4.74 g/t Ag, 1.76% Cu or 3.37 g/t Au Eq
    within 
--  18.2 m grading 0.27 g/t Au, 3.35 g/t Ag, 0.93% Cu or 1.91 g/t Au Eq 



Hole LM-14-ED-05 returned:



--  1.60 g/t Au, 5.56 g/t Ag, 0.92% Cu or 3.26 g/t Au Eq over 6.0 m 



Hole LM-14-ED-07 returned:



--  1.66 g/t Au, 8.31 g/t Ag, 0.91% Cu or 3.36 g/t Au Eq over 2.4 m 
--  0.57 g/t Au, 4.32 g/t Ag, 1.10% Cu or 2.52 g/t Au Eq over 11.4 m. 



President & CEO, Brian Robertson said, "We are excited about these new drill
results, which supports the results of previous drilling and bodes well for the
development of an initial resource estimate. Recent results confirmed that the
mineralized skarn zone at El Dorado remains open both on strike and down dip." 


Table 1 Selected Las Minas Project Drill Results, March 2014 



----------------------------------------------------------------------------
                  From        To  Interval    Gold  Silver  Copper  Au Eq(1)
Hole No.           (M)       (M)       (M)     g/t     g/t       %       g/t
----------------------------------------------------------------------------
LM-14-ED-01      111.7     117.7       6.0    0.74    1.60    0.53      1.67
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED-02      103.0     112.2       9.2    0.38    2.00    0.43      1.15
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED-03      110.3     128.2      18.2    0.27    3.35    0.93      1.91
----------------------------------------------------------------------------
Including        110.0     114.0       4.0    0.75    6.80    1.17      2.85
----------------------------------------------------------------------------
Including        121.3     128.2       6.9    0.28    4.74    1.76      3.37
----------------------------------------------------------------------------
Including        124.1     126.1       2.0    0.77    13.4    5.37     10.17
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED-04      125.7     139.8      14.1    0.44    1.55    0.39      1.14
----------------------------------------------------------------------------
Including        125.7     135.8      10.1    0.56    1.95    0.49      1.43
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED- 05     135.4     141.4       6.0    1.60    5.56    0.92      3.26
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED-06       51.2      53.6       2.4    0.23    4.77    0.63      1.39
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LM-14-ED- 07      12.9      15.4       2.4    1.66    8.31    0.91      3.36
----------------------------------------------------------------------------
and               41.4      44.4       3.0    1.38    3.28    0.17      3.04
----------------------------------------------------------------------------
and               59.3      70.7      11.4    0.57    4.32    1.10      2.52
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------



(1) Gold equivalent (Au Eq) calculations use metal prices of US$ 1200/oz. for
gold, US$ 19.00/oz. for silver and US$ 3.00/lb. for copper. No adjustments have
been made for potential relative differences in metal recoveries. 


Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71)

All intervals are reported as down-hole lengths and based down - hole structural
data, the intercepts may be approximately 95% of true thickness. Assays are
uncut, length weighted average values. 


Quality Assurance/Quality Control 

The technical information in this news release has been reviewed and approved by
Sonny Bernales, P. Geo., a registered Professional Geoscientist in the Province
of British Columbia and a qualified person as defined by National Instrument
43-101. Mr. Bernales is responsible for logistics and supervision of all
exploration activity conducted by Source on the property.


The Company has implemented and adheres to a strict Quality Assurance/Quality
Control program which includes inserting mineralized standards and blanks into
the sample stream, about 1 for every 10 samples. The standards and blanks were
obtained from CDN Resource Laboratories Ltd. of Langley, BC, Canada. Each sample
bag is properly sealed and kept in a secured, restricted storage place prior to
shipping to the lab. Samples are shipped directly by Source or picked-up by the
lab vehicle with chain of custody/sample submittal signed and dated. The Company
sends it samples to SGS Mineral Services (ISO/IEC 17025) at Durango, Mexico, an
accredited laboratory. 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source Exploration Corp.
Brian Robertson
President & CEO
807-474-4271 or 807-251-1816
807-474-4272 (FAX)
info@sourceexploration.com
www.sourceexploration.com

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