That's how undervalued KXL is IMO... compare to Source Gold Corp (OTCBB:SRGL)... their only property is recently announced BG property acquisition below... see this map... a 50% interest by the way... SRGL currently trading at 73 cent US and have about 44 million shares out... a market cap of ~$32 million... even a little more in $CDN... KXL at 60 cents with 90 million out... a market cap of just $54 million... KXL has $20 million in the bank and a NI 43-101 on the way in this same BG gold camp... SRGL has a 50% interest in a property that may or may not contain anything?... What am I missing here?

When is the market going to realize this... either SRGL is severely overvalued or KXL is severely undervalued... which is it?

red911

CALGARY, ALBERTA--(Marketwire - Nov. 9, 2009) - Source Gold Corp. (OTCBB:SRGL) has entered into an option agreement with Thunder Bay Minerals Inc., whereby Source Gold will earn a 50% interest in a contiguous block of mineral claims, known as the KRK West Claims, which cover approximately 15 square miles, and are located in the prolific Beardmore-Geraldton gold mining camp in the Thunder Bay Mining District of North West Ontario, Canada.

The Beardmore-Geraldton Gold Camp is the fourth most prolific area of the Northern Ontario/Quebec "greenstone" gold camps, and has a production history of over 4.1 million oz. of Gold. Recent nearby major discoveries such as KXL's Hercules discovery and ONT's Brookbank discovery confirm that the Beardmore-Geraldton gold camp has the potential to come up to par with the other more developed greenstone gold camps.

The Company plans to commence an aggressive exploration program, centered on the several major fault lines which traverse the mineral claims. An initial trenching and sampling program has uncovered a number of highly mineralized areas of interest.

Pursuant to the Option Agreement, Source Gold will pay $110,000 to Thunder Bay and incur $1,000,000 in exploration funding prior to December 31, 2011. In addition, Source Gold will issue 2,000,000 common shares to the shareholders of Thunder Bay, subject to SEC rule 144.

About Source Gold Corp.

Source Gold Corp. is a publicly traded junior mineral exploration company trading under the symbol SRGL.OB. The Company's corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario.

Submitted on behalf of the board of directors

Lauren Notar, President /CEO

Source Gold Corp.