Magnetocardiogram (MCG) provides temporal and spatial measurements of cardiac electric activities, which permits current localization. An MCG device usually consists of a small number of magnetic sensors in a planar array. Each sensor provides a highly low-resolution 2D MCG map. Such a low-res map is insufficient for cardiac electric current localization. To create a high resolution MCG image from the sparse measurements, an algorithm based on model learning is used. The model is constructed using a large number of randomly generated high resolution MCG images based on the Biot-Savart Law. By fitting the model with the sparse measurements, high resolution MCG image are created. Next, the 2D position of the electric current is localized by finding the peak in the tangential components of the high resolution MCG images. Finally, the 2D current localization is refined by a non-linear optimization algorithm, which simultaneously recovers the depth of the electric current from the sensor and its magnitude and orientation.