Source Exploration Announces Appointment of Ali Zamani to Board of Directors

THUNDER BAY, ONTARIO--(Marketwired - Feb 23, 2017) - Source Exploration Corp. (the "Company" or "Source") (TSX VENTURE:SOP) ("Source" or "Company") is pleased to announce the appointment of Mr. Ali Zamani to the Board of Directors of the Company, effective immediately.

Mr. Zamani brings extensive experience in business, finance, and governance of private and publicly-traded companies. He has served as the Managing Partner of Overlook Investments LLC since January 2016. Prior to Overlook Investments, Mr. Zamani served as a Portfolio Manager at Gefinor Capital Management and as Chief Investment Officer of the GEF Opportunities Fund from 2014-2015. From 2012-2013, Mr. Zamani was a Principal at SLZ Capital Management. Prior thereto, he was a Portfolio Manager at Goldman Sachs & Co from 2004 to 2012 responsible for managing the firm's proprietary investments in publicly traded mining and materials companies. Prior to Goldman Sachs & Co, Mr. Zamani was an Investment Banker focused on mergers and acquisitions at Dresdner Kleinwort Wasserstein.

Mr. Zamani holds a B.S. in Economics from the Wharton School at the University of Pennsylvania, where he graduated magna cum laude. He currently serves on the Board of Directors of Applied Minerals Inc.

Ali Zamani commented, "I am excited to partner with Source Exploration as a director and investor helping unlock substantial hidden value. The Las Minas Project in Mexico has a rich mining history and I am looking forward to being a part of the Company's next drill program and maiden resource this year. I am confident that there are substantial resources at Las Minas, and more importantly, that those resources are at very economic grades."

Brian Robertson, President and CEO of Source Exploration states, "We are pleased with the appointment of Ali to our Board. Ali's extensive financial markets and mining business experience as well as in-depth knowledge of our larger peers and capital discipline will further enhance the strength of our Board as we advance the high potential Las Minas property. On behalf of the Board, we welcome Ali to the Source team."

About Source Exploration

Source Exploration is a Canadian based mineral exploration company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective 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 under explored skarn systems known in Mexico and has a strong production history that dates back to the Aztec era.

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 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) has reviewed or accepts responsibility for the accuracy or adequacy of this release.

Contact

Source Exploration Corp.
David Baker
Executive Chairman
604-817-4211 or 604-970-8052
Source Exploration Corp.
Brian Robertson
President & CEO
807-474-4270 or 807-251-1816
Source Exploration Corp.
Camille Turner
Investor Relations
604-669-7840 or 604-970-8052
807-474-4272
info@sourceexploration.com
www.sourceexploration.com