Source Exploration Corp. Announces Grant of Options

Shares Issued: 29,331,248 TSX-V: SOP For Immediate Release October 19, 2010

SOURCE EXPLORATION CORP. ANNOUNCES GRANT OF OPTIONS

SOURCE EXPLORATION CORP. (“Source Exploration”) (TSX-V: SOP) announces that a total of 995,000 stock options to purchase Source Exploration common shares are being granted to directors, officers and consultants at an exercise price of $0.28 per share, expiring on October 18, 2015. The grant is subject to regulatory approval.

Source Exploration is a Canadian based mineral exploration company focused on the evaluation, acquisition and development of economic gold and silver deposits in Mexico.

For more information, please contact:

Brian Robertson, President& CEO Phone: 807-251-1816 Fax: 807-474-4272 e-mail: [email protected] Website at www.sourceexploration.com

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.