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Source Exploration Corp. Announces Name Change to Mexican Gold Corp.

THUNDER BAY, ONTARIO -- (Marketwired) -- 04/21/17 -- SOURCE EXPLORATION CORP. (the "Company" or "Source") (TSX VENTURE: SOP) is pleased to announce that it has filed Articles of Amendment to change its name to Mexican Gold Corp. The Company's shareholders approved a special resolution to change the name of the Company at the Company's special meeting of shareholders held on April 12, 2017. The name change is effective immediately.

Effective at the start of trading on or about April 26, 2017, the Company will commence trading on the TSX Venture Exchange under the new name and the new stock symbol "MEX".

Brian Robertson, Chairman of the Board, stated, "We are pleased to change the name of the Company to Mexican Gold Corp. to more clearly identify the Corporation's association with the location of its flagship Las Minas property and its strategy to explore and develop high quality mineral properties in Mexico."

No further action is required by existing shareholders with respect to the name change and certificates representing common shares of Source Exploration Corp. will not need to be exchanged.

New Website

The Company also announces the launch of a bridge website at www.mexicangold.ca for viewing company information and recent news releases. The Mexican Gold Corp. website is currently under construction and is expected to be available for viewing on or about May 8, 2017.

About Source Exploration Corp.

Source 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 underexplored 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 timing for the commencement of trading under the new name and stock symbol, 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) accepts responsibility for the adequacy or accuracy of this release.

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