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SOURCE EXPLORATION CORP. TO RETIRE ONE MILLION SHARES
SOURCE EXPLORATION CORP.(the “Corporation” or “Source”) (TSX-V: SOP) would like to advise its shareholders that it will cancel one million (1 million) common shares of its capital stock acquired from Sterling Mining Company on January 21, 2009 in a brokered transaction pursuant to an Early Warning report filed under National Instrument 62-103. Cancellation will be conducted immediately pursuant to applicable securities laws.The repurchaseand cancellation of the shareshas been approved by the TSX Venture Exchange. The transaction reflects Source Exploration Corp’s commitment to shareholder value. The Corporation is focused on the acquisition and development of economic silver deposits and other near term cash flow opportunities in Mexico. At present, Source is concentrating on the exploration and ultimate re-development of the past producing San Acacio silver mine in Zacatecas, Mexico on the prolific Veta Grande vein system, which is adjacent to the vein system hosting the Cozamin Mine of Capstone Mining Corp. The Corporation recently reported (Dec 3, 2008) the buyout of Sterling Mining Company on the project and has acquired a full 100% interest in the Concession Agreement with Minera San Acacio S.A. de C.V., the vendor of the San Acacio Property. Source is well financed and remains debt free.For more information on Source Exploration Corp, please visit the website at http://www.sourceexploration.com.
ON BEHALF OF THE BOARD OF DIRECTORS
ABRAHAM DROST, P.Geo. President/CEO
1760-750 West Pender Street
Vancouver, BC V6C-2T8
Ph: 807-252-7800 or 604-646-7350
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. |