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PURO.V ·

Thunder Bay, Ontario

Corporate Updates

Thunder Bay, Ontario TSX-V: SOP

For Immediate Release April 21, 2017

Source Exploration Corp. Announces Name Change to Mexican Gold Corp.

SOURCE EXPLORATION CORP. (the “Company” or “Source”) (TSX-V: SOP) is pleased to

announce that it has filed Articles of Amendment to change its name to Mexican Gold Corp. The

Company's shareholders approved a special resolution to change the name of the Company at the

Company's special meeting of shareholders held on April 12, 2017. The name change is effective

immediately.

Effective at the start of trading on or about April 26, 2017, the Company will commence trading on the

TSX Venture Exchange under the new name and the new stock symbol "MEX".

Brian Robertson, Chairman of the Board, stated, “We are pleased to change the name of the Company

to Mexican Gold Corp. to more clearly identify the Corporation’s association with the location of its

flagship Las Minas property and its strategy to explore and develop high quality mineral properties in

Mexico.”

No further action is required by existing shareholder s with respect to the name change and certificates

representing common shares of Source Exploration Corp. will not need to be exchanged.

New Website

The Company also announces the launch of a bridge website at www.mexicangold.ca for viewing

company information and recent news releases. The Mexican Gold Corp. website is currently under

construction and is expected to be available for viewing on or about May 8, 2017.

About Source Exploration Corp.

Source is a Canadian based mineral exploration company committed to building long-term value through

ongoing discoveries and strategic acquisitions of prospec tive 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 underexplored skarn systems known in Mexico

and has a strong production history that dates back to the Aztec era.

For more information, please contact:

Brian Robertson, Chairman, 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 timing for the commencement of trading under the new name and stock symbol, 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. 

Neither the 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.