Source Commences 2,000 Metre Phase 2 Drill Program at Las Minas and Grants Options

SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX VENTURE:SOP) is
pleased to report drilling has resumed at its Las Minas property, Veracruz,
State, Mexico. The 2,000 metre diamond drill program has commenced after a very
successful Phase 1 winter program. 


David Baker, Executive Chairman, stated, "We are excited about the commencement
of the 2014 Phase 2 drill program, which will allow us to build on the excellent
drill results from the recently completed Phase 1 drill program. In addition,
the program will test high priority targets with strong magnetic - high
anomalies coincident with historical small scale mining operations and
high-grade sampling results." 


Priority 2014 Phase 2 Drill Targets Include:



--  Santa Cruz Zone: Phase 1 step-out drilling at Santa Cruz expanded the
    high-grade zone outlined in earlier drilling and intersected wide zones
    of mineralization extending from surface. Hole LM-14-SC-03 graded 2.70
    g/t Gold Equivalent (Au Eq)(1) over 97.2 metres, including 10.06 g/t Au
    Eq over 16.0 metres (see press release April 7, 2014 and May 26, 2014). 
    
--  Juan Bran Zone: The Juan Bran zone is the site of historical mine
    workings located approximately 450 metres north of hole LM-11-SC-45 that
    graded 19.56 g/t Au Eq over 10.0 metres (see press release January
    26,2012) and believed to be an extension of the Santa Cruz zone. Recent
    sampling at Juan Bran returned 5.51 g/t Gold Equivalent (Au Eq) (2.82
    g/t gold (Au), 7.45 g/t silver (Ag) and 1.50% copper (Cu) over 12.0
    metres in one sample and 2.03 g/t Au Eq (0.52 g/t Au, 3.77 g/t Ag and
    0.85% Cu) over 22.0 metres in a second sample. All samples are chip
    samples cut in continuous 2.0 metre intervals using a hammer and moil. 
    
--  Cinco Senores: The Cinco Senores is the site of historical workings and
    a large magnetic - high anomaly measuring approximately 1,000 metres by
    750 metres. Earlier drilling at Cinco Senores intersected 1.69 g/t Au Eq
    over 22.0 m (see press release August 8, 2011). 



(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 additional information is
required to determine true widths. Assays are uncut, length weighted average
values. 


Stock Options Granted 

Source has granted 4,455,000 incentive stock options under its stock option plan
to directors, officers and consultants. The options are exercisable at a price
of $0.135 per share for a period of five years. The last option grant was
approved in 2012. 


About Las Minas 

The Las Minas Project hosts near-surface gold-silver and copper skarn
mineralization and high-grade gold-silver epithermal vein deposits. The project
is comprised of six mineral concessions covering approximately 1,616 hectares
(3,995 acres), with several small scale, past-producing mines and numerous
untested targets. 


The district is host to one of the largest under explored gold-silver and copper
skarn systems known in Mexico, and has a production history that extends back to
the Aztec era. The Las Minas granodiorite intrusive measures approximately 10
kilometres in diameter and underlies the Las Minas concessions. The
mineralization controls and association with magnetite appear to be similar to
the Guerrero Gold belt, which is the site of the Los Filos and Morelos gold
deposits. 


Las Minas is an early-stage exploration project and does not contain any mineral
resource estimates as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101"). The potential quantities and
grades disclosed herein are conceptual in nature and there has been insufficient
exploration to define a mineral resource for the targets discussed herein. It is
uncertain if further exploration will result in these targets being delineated
as a mineral resource. 


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 NI 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 and independent 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 and the completion and timing of
mineral resource estimates. 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 Company's disclosure documents available at www.sedar.com.
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 Company 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: 74,133,401

FOR FURTHER INFORMATION PLEASE CONTACT: 
Source Exploration Corp.
David Baker
Executive Chairman
604-817-4211 or 604-970-8052


Source Exploration Corp.
Brian Robertson
President & CEO
807-474-4270 or 807-251-1816
807-474-4272 (FAX)
info@sourceexploration.com
www.sourceexploration.com
Source Exploration Corp. (TSXV:SOP)
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