THUNDER BAY, ONTARIO, Nov 04, 2011 (MARKETWIRE via COMTEX) — SOURCE EXPLORATION Corp. (the “Corporation” or “Source”) (tsx venture:SOP) announces that 100,000 options to purchase common shares of the company are being granted to an officer of the Company at an exercise price of $0.27 per share, expiring on November 3, 2016. The grant is subject to regulatory approval.

About Source Exploration

Source Exploration is a well-financed Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic gold and silver deposits in Mexico. The company’s Las Minas project is located in the heart of the historical Las Minas mining district, which is host to one of the largest under explored gold-silver – copper skarn systems known in Mexico.

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: 45,615,310

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.

Source Exploration Corp.
Brian Robertson
President & CEO
807-474-4272 (FAX)
[email protected]