Sterling Mining sells its interest in Mexican silver project

On December 3, 2008, Source Exploration Corp. announced that it had closed a transaction with Sterling Mining Company ("Sterling") and its Mexican subsidiary, Sterling Mining de Mexico S.A. de C.V., to purchase Sterling's remaining interest in the San Acacio silver property in Zacatecas, Mexico and renounce the Earn-In Agreement between the parties.

In consideration, Source paid US$200,000 and accelerated the release of 2,000,000 common shares from escrow, which were held voluntarily pursuant to the former Earn-In agreement with Sterling, which is now superceded.

Sterling was advised in this transaction by Andrew Gabrielson of Fasken Martineau.