SOURCE GOLD CORP. (SRGL) ANNOUNCES ACQUISITION OF THE GREAT WHITE NORTH GOLD PROPERTY

After extensive due diligence, Source Gold has acquired the Great White North Gold Project based on strong geological similarities to the Carlin Trend Style gold mineralization. The Carlin Trend in northern Nevada has produced more gold than any other mining district in the United States – estimated at over 50,000,000 troy ounces.

ATAC’s 1600 Sq KM, Rackla Gold Project is the only Canadian drill proven Carlin-Type gold discovery. Source Gold believes that based upon surface geology and geochemical information it has acquired, the Great White North Gold Project displays remarkable similarity to the ATAC Rackla gold district. Furthermore, the Great White North’s proximity to ATAC Resources’ recent gold find combined with the geological similarity of both properties; has induced the seller of the property to require Source Gold to pay nothing now, only a future work commitment and restricted shares in Source Gold Corp. Source Gold will plan a phase one spring exploration program shortly, details to follow.

Source Gold acquired the 2,785 acres of highly prospective mineral claims in Northern British Columbia, on the Yukon border. The area is home to some of the most prolific gold finds in Canadian history: Barrick discovered Eskay Creek which produced over 320,000 ounces and Placer Dome found McDame Creek where the historic 72 ounce gold nugget was found.

Source Gold Corp. is a publicly traded junior mineral exploration company trading under the symbol OTCBB:SRGL. The Company’s corporate philosophy is to build shareholder value through the exploration and development of high quality exploration and mining projects in the United States and Canada. Source Gold has property in the vicinity of the historically famous Vulture Mine in Maricopa County near the town of Wickenburg Arizona and the historically high producing gold area known as the Beardmore-Geraldton Gold Camp in North Western Ontario.