Source Exploration Provides Update ON Second Tranche of Previously Announced Private Placement
SOURCE EXPLORATION PROVIDES UPDATE ON SECOND TRANCHE OF
PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
January 5, 2017 – Source Exploration Corp. ("Source" or the " Company") (TSX-V: SOP) is pleased
to provide an update, further to its news releases dated September 28, 2016 and November 30, 2016, on
the second tranche of its previously announ ced non-brokered private placement (the " Private
Placement").
Following completion of the first tranche of the Private Placement on November 30, 2016, the Company
is continuing with the Private Placement. The TSX Venture Exchange has granted the Company a 30-day
extension of its conditional acceptance of the terms of the Private Placement and the Company intends to
close the second tranche of the Private Placement on or before January 31, 2017. The second tranche of
the Private Placement is subject to receipt of all required regulatory approvals including the approval of
the TSX Venture Exchange.
About Source Exploration Corp.
Source is a Canadian based mineral exploration comp any committed to building long-term value through
the discovery, acquisition and advanc ement of mineral properties. The Company holds an option on the
Las Minas gold, silver and copper exploration project located within the Las Min as mining district in the
State of Veracruz, Mexico. The district hosts one of the largest underexplored skarn systems known in
Mexico and has a strong production history that dates back to the Aztec era.
For further information, please contact:
Camille Turner, Investor Relations
Phone: 604-669-7840 or 604-970-8052
David Baker, Executive Chairman
Phone: 604-817-4211 or 604-970-8052
Brian Robertson, President & CEO
Phone: 807-474-4270 or 807-251-1816
Fax: 807-474-4272
E-mail: [email protected]
Website: www.sourceexploration.com
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 anticipated
closing date of the second tranche of the Private Placement, the future exploration results relating to the Las Minas
project, exploration plans for the Las Minas project and the exploration potential of the Las Minas project.
Forward-looking information is neces sarily based upon a number of es timates 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 expresse d or implied by such forward-looking
information, including the risks identified in the Company' s disclosure documents. There can be no assurance that
such information will prove to be accu rate, as actual results and future even ts 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 upon 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.
Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.