Source Exploration Extends Las Minas Purchase Option Agreement

- October 1st, 2015

Source Exploration Corp. (TSXV:SOP, FWB:4QW) announced it has successfully negotiated a one-year extension to its option agreement to acquire the Pepe, Pepe Tres and San Jose concessions located at its Las Minas property.

Source Exploration Corp. (TSXV:SOP, FWB:4QW) announced it has successfully negotiated a one-year extension to its option agreement to acquire the Pepe, Pepe Tres and San Jose concessions located at its Las Minas property. These concessions are part of the six concessions held under option or wholly owned by Source at Las Minas, Veracruz State, Mexico.
As quoted in the press release:

The new agreement extends the term of the option agreement by an additional one year to Dec 5, 2016. The payment for granting the extension is US$165,000, payable in equal monthly installments over a six month period and commencing at the latest on December 7th, 2015. All payments are subject to VAT (Value Added Tax). The company currently has sufficient funds on hand in Mexico to cover all of this cost.
All other terms of the original agreement of November 30, 2010 and prior extension agreement of May 21, 2013 remain unchanged.

Source Exploration President & CEO Brian Robertson stated:

I wish to thank the owners of the concessions for granting the extension and strong support for Source Exploration throughout the term of the agreement, the extension provides additional time to more fully explore these highly prospective concessions.

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