Source Petroleum Spud High Impact Well at Woking Alberta.

CALGARY, Alberta -- Source Petroleum Inc. (OTCBB:SOPO) is pleased to announce that it has received notice of the commencement of drilling operations on its Woking, Alberta png property from its joint venture partner and operator, Dual Exploration.

This well will test an identified primary objective in the Devonian Wabamun formation at a depth of approximately 2800 metres (9180 feet).

A combination of geological and geophysical mapping has identified a structure similar to the structure hosting the Saddle Hills Wabamun 'A' pool 17 miles to the west. Dolomitization of the Wabamun is clearly associated with faulting at Saddle Hills and it is expected the case will be the same at Woking.

Production at Saddle Hills from the Wabamun 'A' pool has produced in excess of 41 bcf from four wells since the discovery in 2002. Current production from the four wells totals 20 MMcf/d with one well that has produced 21.5 bcf in only four years.

This prospect is one of the Company's high-impact exploration projects, and has significant production and reserves potential similar to that of Saddle Hills.

Source Petroleum has a 37.5% undivided working interest at Woking.

Except for the historical and present factual information contained herein, the matters set forth in this release include statements of management's current expectations. Statements identified by words such as "expects," "projects," "plans," "believes," "estimates," "may" and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the statements that: this well will test an identified primary objective in the Devonian Wabamun formation at a depth of approximately 2800 metres (9180 feet); Dolomitization of the Wabamun is clearly associated with faulting at Saddle Hills and it is expected the case will be the same at Woking; and this prospect is one of the Company's high-impact exploration projects, and has significant production and reserves potential similar to that of Saddle Hills.

These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially from what we expect, including the possibility that the historical data may be inaccurate or misinterpreted, the anticipated benefits from our operations cannot be fully realized, the possibility that commodity prices, costs or difficulties related to the conduct of its business will be greater or lesser than expected, that we are not able to finance our intended operations, that we may not be able to keep or attract qualified employees or bring appropriate equipment, the likelihood that there is no commercially feasible oil or gas in any property that we may earn an interest, and the impact of competition and other risk factors relating to our industry will be greater than expected, all as detailed from time to time in the company's reports filed with the SEC. The company disclaims any responsibility to update these forward-looking statements.