On December 17, 2012, Lauren Notar, resigned as Secretary and Treasurer of Source Gold Corporation, effective immediately. Her resignation is for personal reasons and is not in connection with any known disagreement with the company on any matter. On December 17, 2012 the Board of Directors appointed Mr. Jon Fullenkamp, as the Chairman of the Board of Directors, effective immediately.

Within the last 10 years Mr. Fullenkamp has been involved in drilling and completing wells in parts of Texas, Oklahoma, Kansas, Wyoming, Colorado, Montana, Louisiana, Arkansas, and then moving onto the Appalachian Region including West Virginia, Pennsylvania, Ohio, and New York. During this period Mr. Fullenkamp worked on the deepest wells drilled in the world, in west Texas.