Source Exploration Corp. Increases Financing

Source Exploration Corp. (TSXV:SOP) reports that the company has been increased by up to an additional 2,000,000 units of the Corporation to the non-brokered private placement financing announced on October 13, 2010.

The private placement will now be for up to a maximum of 8,000,000 Units at a price of $0.20 per Unit for gross proceeds of up to $1,600,000 (the “Offering”). Each Unit will consist of one common share and a one-half of a share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase a further common share for a period of eighteen (18) months from closing at a price of $0.35 per common share. Proceeds of the Offering will be used by the Corporation for exploration and development of its Las Minas gold–copper project and general corporate purposes.

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