Santa Fe Metals Begins Drilling at Sully's East Target

Santa Fe Metals Corp. (TSX VENTURE:SFM) ("SFM" or the "Company") announces it
has commenced its 2014 diamond drilling program at the Sully Project, focused
initially on the East sedimentary exhalative (SEDEX) target. Sully is located
near Fort Steele, 30-km east of the world-famous Sullivan Mine at Kimberley, BC.
Drill hole SU14-07 is the first of several planned holes and drilling has
recently exceeded a hole depth of 240-m on a planned trajectory toward the East
Target. The target is a gravity mass anomaly estimated to come to within 800-m
of surface and extending to depth.


Exploration work completed in late 2013 expanded the gravity station density
around the area of previous drilling and significantly refined the target model,
now clearly demonstrating the potential for twin parallel north-south trending
stratabound masses approximately 800-m apart. The East and West gravity targets
are made more compelling because they also have coincident magnetic anomalies.
Further, the 2013 drilling established that steeply dipping bedding continues
to, and likely extends well beyond, the drilled depth of 1,500-m. Management
believes the best explanation for the twin gravity anomalies is the presence of
two very large vertically oriented SEDEX massive sulphide bodies.


Sullivan Mine

Sullivan was discovered in 1892 and is known to be one of the largest SEDEX
deposits in the world. Over its roughly 100-year lifetime, Sullivan produced
almost 300 million ounces of silver, 36 billion pounds of lead and zinc plus
smaller amounts of other metals, collectively worth over $40-billion at current
metal prices. The company cautions that past results or discoveries on proximate
land are not necessarily indicative of the results that may be achieved on the
Sully property.


Technical contents of the Sully Project disclosure in this news release have
been reviewed and approved by Paul Ransom, P.Geo., a qualified person as defined
by National Instrument 43-101. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release. 




Scott E. Broughton, P.Eng.,                                                 
President and CEO                                                           



FOR FURTHER INFORMATION PLEASE CONTACT: 
Santa Fe Metals Corp.
Scott E. Broughton, P.Eng.
President and CEO
604.684.2900
www.santafemetals.com

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