SOP

Source Exploration Corp. (the "Corporation") (TSX VENTURE:SOP) today announced
that its board of directors (the "Board") has approved an amendment to the
by-laws of the Corporation (By-Law No. 1) to include mandatory procedures for
nominations of persons for election to the Board, including an advance notice
requirement for nominations of directors by shareholders in certain
circumstances (the "By-Law Amendment").


The advance notice requirement fixes a deadline by which holders of record of
common shares of the Corporation must submit director nominations to the
Secretary of the Corporation prior to any annual meeting of shareholders (or any
special meeting of shareholders if one of the purposes for which the special
meeting is called is the election of one or more directors) and sets forth the
specific information that a nominating shareholder must include in the written
notice to the Secretary of the Corporation for a nomination to be valid.


The Board understands that amending the Corporation's by-laws to include an
advance notice requirement is consistent with an emerging corporate governance
trend among Canadian issuers. The Board and management believe that the By-Law
Amendment provides shareholders, directors and management with a transparent,
structured and fair framework for nominating directors. In addition, the Board
and management believe that the advance notice requirement will facilitate an
orderly and efficient annual or special meeting process, ensure that all
shareholders receive adequate notice and information concerning nominees and
provide shareholders reasonable time for appropriate deliberation in advance of
the meeting.


In the case of an annual meeting of shareholders, notice to the Corporation must
be made not less than 30 and not more than 65 days prior to the date of the
annual meeting; provided, however, that in the event that the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting) called for the purpose of electing directors (whether or not called for
other purposes), notice to the Corporation must be made not later than the close
of business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The By-Law Amendment is effective immediately and will be placed before
shareholders for ratification at the upcoming annual and special meeting of
shareholders of the Corporation. A copy of the By-Law Amendment will be filed
under the Corporation's profile at www.sedar.com.


Investor Relations

Source Exploration Corp. is pleased to announce that it has retained the
services of Transcend Resource Group to assist with Investor Relations
activities. Transcend Resource Group will be engaged for a period of 12 months
at an annual rate of $82,500 plus applicable expenses.


About Source Exploration Corp.

Source is a Canadian based mineral exploration company committed to building
long-term value through the discovery, acquisition and advancement of mineral
properties. The Company holds an option on the Las Minas gold, silver and copper
exploration project located within the Las Minas mining district in the State of
Veracruz, Mexico. The district hosts one of the largest underexplored gold -
silver - copper skarn systems known in Mexico and has a strong production
history that dates back to the Aztec era. 


ON BEHALF OF THE BOARD OF DIRECTORS

David Baker, Executive Chairman

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 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 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. 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 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 Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source Exploration Corp.
David Baker
Executive Chairman
604-817-4211 or 604-970-8050
807-474-4272 (FAX)
info@sourceexploration.com
www.sourceexploration.com

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