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| DEFINITIONS                                     | 3      |
|-------------------------------------------------|--------|
|                                            |   |
| REPRESENTATIONS AND WARRANTIES OF NOTAR         | 4      |
|                                            |   |
| REPRESENTATIONS AND WARRANTIES OF SOURCE        | 5      |
|                                            |   |
| OFFER OF SALE                                   | 5      |
|                                            |   |
| OFFER TO PURCHASE                               | 6      |
|                                            |   |
| CLOSING                                         | 6      |
|                                            |   |
| CONFIDENTIAL INFORMATION                        | 6      |
|                                            |   |
| GENERAL                                         | 6      |
|                                            |   |
| SCHEDULE “A”DESCRIPTION OF PROPERTY |   |

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| a)   | “Agreement” means this agreement and any amendments thereto from time to time; |
|----------------|--------------------------------------------------------------------------------------------|

| b)   | “Closing” means the closing of this Agreement, on or before 12:00 o’clock noon, EDT, on August 1, 2010. |
|----------------|---------------------------------------------------------------------------------------------------------------------------|

| c)   | “Notar” means Lauren Notar. |
|----------------|-----------------------------------------|

| d)   | “Property” means the exploration properties and lands located in the Province of Ontario all as more particularly described in Schedule “A” hereto; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| e)   | “Property Rights” means all applications for permits for general reconnaissance, permit for general reconnaissance, interim approvals, applications for contracts of work, contracts of work, licenses, permits, easements, rights-of-way, certificates and other approvals obtained by either of the parties either before or after the date of this Agreement and necessary for the exploration and development of the Property, or for the purpose of placing the Property into production or continuing production therefrom. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   |  “Source” means Source Gold Corp.; |
|----------------|-----------------------------------------------------|

| 2.2   | Notar represents and warrants to Source  that: |
|-----------------|----------------------------------------------------------|

| a)   | Notar is lawfully authorized to hold his interest in the Property and will remain so entitled until 100% of the interests of Notar in the Property have been duly transferred to Source as contemplated by the terms hereof; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Notar is an individual, has attained the age of majority and is legally competent to execute this agreement and to take all actions required pursuant thereto and that upon the execution and delivery, this agreement, will constitute a legal, valid and binding contract of Notar enforceable  against Notar in accordance with its terms; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | as at the date hereof and at the time of transfer to Source of an interest in the mineral claims and/or exploration licenses comprising the Property Notar is and will be the beneficial owner of its interest in the Property free and clear of all liens, charges, claims, royalties or net profit interests of whatsoever nature, and no taxes or rentals will be due in respect of any thereof; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | Notar has the right and capacity to deal with the Property and the right to enter into this Agreement and to dispose of his right, title and interest in the Property as herein contemplated; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | there is no adverse claim or challenge against or to Notar’s interest in the Property, nor to the knowledge of Notar is there any basis therefore, and there are no outstanding agreements or options to acquire or purchase such interest in the Property or any portion thereof other than this Agreement; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | no person has any royalty, net profit interests or other interest whatsoever in the Property; |
|----------------|-----------------------------------------------------------------------------------------------|

| g)   | Notar is duly authorized to execute  this Agreement and for the performance of this Agreement by her, and the consummation of the transactions herein contemplated will not conflict with or result in any breach of any covenants or agreements contained in, or constitute a default under, or result in the creation of any encumbrance under the provisions of its articles or constating documents or any indenture, agreement or other instrument whatsoever to which Notar is a party or by which he is bound or to which he or the Property may be subject; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | no proceedings are pending for, and it is unaware of any basis for the institution of any proceedings leading to, the placing of Notar in bankruptcy or subject to any other laws governing the affairs of and insolvent person; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | there are no claims, proceedings, actions or lawsuits in existence with respect to the right, title, estate and interest of Notar in the Property; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| j)   | to the best of her information and belief, all laws, regulations and orders of all governmental agencies having jurisdiction over the Property have been complied with by Notar; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| k)   | to the best of his information and belief Notar is in good standing under all agreements and instruments affecting the Property to which she is a party or is bound. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| a)   | it has been duly incorporated and validly exists as a corporation in good standing under the laws of its jurisdiction of incorporation; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| b)   | it is or will be prior to acquiring any undivided interest in the Property hereunder, lawfully authorized to hold mineral claims and real property under the laws of the jurisdiction in which the Property is situate; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | it has duly obtained all corporate authorizations for the execution of this Agreement and for the performance of this Agreement by it, and the consummation of the transaction herein contemplated by it will not conflict with or result in any breach of any covenants or agreements contained in, or constitute a default under, or result in the creation of any encumbrance under the provisions of the articles or the constating documents of it or any shareholders' or directors' resolution, indenture, agreement or other instrument whatsoever to which it is a party or by which they are bound or to which it or the Property may be subject; and, |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | no proceedings are pending for, and it is unaware of any basis for the institution of any proceedings leading to, the dissolution or winding up of Source or the placing of Source in bankruptcy or subject to any other laws governing the affairs of insolvent corporations. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| i.   | Notar shall deliver to Source such number of duly executed transfers which in the aggregate convey Notar's interest to be acquired hereunder in the Property in favour of Source, and; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | Source shall deliver to Notar an interest free Promissory Note in the amount of Twenty Thousand Dollars ($20,000) in the funds of the United States due and payable not later than Novermber 30, 2010. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| LAUREN  NOTAR  |                |
|-------------------------------|---------------------|
| /s/ Lauren Notar              | /s/ Robert Hollis   |
|                          | witness             |
|                          |  Robert Hollis |
|                          | name of witness     |
|                          |                |
| SOURCE ENERGY CORP..     |                |
| /s/ Lauren Notar              |                |
| Lauren Notar, Pres. & CFO |                |

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| Township/Area | Claim Number | Recording Date | Claim Due Date | Status | PercentOption | Work Required | TotalApplied | TotalReserve | Claim Bank |
|---------------|--------------|----------------|----------------|--------|---------------|---------------|--------------|--------------|------------|
| BARBARA       | 1205041      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| BARBARA       | 4248168      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $3,200        | $0           | $0           | $0         |
| MEANDER       | 4247992      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4248562      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4248563      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4248564      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $3,200        | $0           | $0           | $0         |
| MEANDER       | 4248567      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4254287      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4256986      | 2010-Apr-07    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4256987      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| MEANDER       | 4256988      | 2010-Apr-16    | 2010-Apr-16    | A      | 100%          | $6,400        | $0           | $0           | $0         |
| TYROL LAKE    | 4248566      | 2010-Apr-07    | 2010-Apr-16    | A      | 100%          | $5,600        | $0           | $0           | $0         |
| TYROL LAKE    | 4254241      | 2010-Apr-07    | 2010-Apr-16    | A      | 100%          | $2,000        | $0           | $0           | $0         |

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