Source Announces Commencement of Las Minas Diamond Drilling and Exploration Program

THUNDER BAY, ONTARIO--(Marketwired - Feb. 24, 2017) - SOURCE EXPLORATION CORP. (the "Corporation" or "Source") (TSX VENTURE:SOP) (the "Company") is pleased to announce the commencement of a diamond drill program for the Las Minas gold - silver - copper project located at Veracruz, State, Mexico. The program will include an initial 2,000 to 3,000 metres of infill and step-out diamond drilling at the El Dorado - Juan Bran mineralized zone, with the objective of expanding the zone and completing a maiden NI 43-101 resource estimate in early 2017.

In addition, continued prospecting mapping, trenching and sampling will be carried out to test for extensions of existing mineralization and identification of new gold, silver and copper mineralization at the Pueblo Nuevo concession.

El Dorado - Juan Bran Drilling Program

The El Dorado - Juan Bran exploration program will focus on infill and step-out drilling designed for expansion of the mineralized zone outlined by earlier drilling and completion of a maiden NI 43-101 resource estimate. Previous drilling has outlined a mineralized zone measuring 420 metres in width, varying from 6.0 metres to 82 metres in thickness, and extending approximately 650 metres down-dip. The zone remains open down-dip as well as on strike.

The planned step-out drilling will further test the down-dip extension of the zone. Diamond drill hole LM-15-NP-01, which was drilled at a higher elevation approximately 150 metres beyond down-dip limit of earlier drilling at El Dorado - Juan Bran, intersected 5.0 metres grading 15.70 g/t Au Eq - see press release May 28, 2015.

A longitudinal section of the El Dorado - Juan Bran mineralized zone is shown at the following link: http://media3.marketwire.com/docs/SourceExploration.jpg

Pueblo Nuevo Concession Exploration Program

The Pueblo Nuevo concession is the site of several historical underground mines and adits including the La Miqueta, La Miqueta Alta, Marangola, Murcielagos, Dos Rios and Banco de Cobre. The La Miqueta mine was extensively mined in the past and has 21 known levels. Historic mining activity was carried out on narrow (10-20 cm) quartz veins in both diorite and marble, extending approximately 100 metres on strike and over 100 metres vertically. Recent chip sampling of 1.0 to 3.0 metre wide veins at the historical La Miqueta mine graded up to 14.1 g/t and 25.0 g/t silver. The 2016 exploration program will include, prospecting, mapping, trenching and sampling.