Yep - there's freeze plugs under there, and that's the only leak I can readily think of. Cylinder head oil drainback is on the other side, and if the valve cover was leaking, you'd know it!
Freeze plugs are a little difficult to replace - especially since you'll have to pull the manifolds to get the job done. Then, it's "drain the coolant" time - the radiator drain is on the passenger side, on the SIDE of the tank, buried inside the fascia. Might be easier to pull the manifolds first (you're doing it anyhow) and pull either the CTS or the drain plug on the block (they're both under there.)
Then, there's two ways to pull a welch plug:
1) Take a punch, and GENTLY turn the freeze plug until it's sideways into the hole. Then, remove with pliers.
2) Drill a hole, put in a sheetmetal screw or a toggle bolt, and pop it loose that way.
Then, make sure the hole is clean, apply a little RTV Copper or Black to the edge of the welch plug, and MAKE SURE IT'S GOING IN STRAIGHT! Use a socket that just fits into the cup or a dedicated welch plug driver, and tap lightly with a hammer. Stop when the edge of the cup is JUST below the surface of the casting.
Might as well change them all while you're in there - if one's leaking, the others aren't far behind...
5-90