A higher grade interval assaying 24.11 g/t Au Eq over 9.0 metres is contained within the wider intersection.

Highlights include:

• 3.57 g/t Au Eq over 99.0 metres in LM-14-SC-08, including
• 7.42 g/t Au Eq over 39.0 metres, including
• 24.11 g/t Au Eq over 9.60 metres
• 2.24 g/t Au Eq over 87.0 metres in LM-14-SC-07, including
• 3.13 g/t Au Eq over 49.0 metres, including
• 4.36 g/t Au Eq over 25.0 metres
• 2.95 g/t Au Eq over 29.0 metres in LM-14-SC-09, including
• 4.57 g/t Au Eq over 17.0 metres
• 1.91 g/t Au Eq over 77.0 metres in LM-14-SC-10, including
• 5.62 g/t over 17.0 metres

The Santa Cruz target is one of six priority drill targets at Las Minas. It forms part of the El Dorado corridor skarn zone that has been intersected by diamond drilling for approximately 840 metres along strike and 400 metres down-dip, with mineralized drill intercepts varying from 20 to 245 metres in length.

David Baker, Executive Chairman, commented: "We are very excited with these recent high-grade drill results, with LM-14-SC-08 the best hole drilled by Source at Las Minas to date. Results from other zones will be reported shortly and planning is underway for the next phase of drilling to further expand known zones and test new targets being generated by our exploration team."

All reported intervals referred to in this news release are core lengths and additional information is required to determine true widths. Assays are uncut, length – weighted average values.

Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71)

Holes LM-14-SC-07, 08, 09, 10, 11, and 12

Drill holes LM-14-SC-07, 08, 09 and 10 were drilled as delineation holes aligned as a NW-SE fence along the strike of the Santa Cruz zone. Holes LM-14-SC-07 and 08 are located approximately 140.0 metres NW of previously drilled hole LM-11-SC-45, which graded 10.33 g/t Au Eq over 20.0 metres, including 19.56 g/t Au Eq over 10.0 metres (see press release January 26, 2012.) Holes 11 and 12 were step backs drilled from lower elevation and intercepted the skarn zone below other holes reported in this release. Interpretation of the core indicates hole LM-14-SC-11 may have ended prematurely.

The high-grade gold, silver and copper mineralization at the Santa Cruz target is hosted in retrograde altered endoskarn and exoskarn developed at the contact between the granodiorite and marble. Mineralized zones are comprised of pyrite, chalcopyrite ranging up to 10% by volume, bornite, free gold, trace native copper, and magnetite.