Santa Fe Metals-Drilling in Range of Sully's East Target

Santa Fe Metals Corp. (TSX VENTURE:SFM) ("SFM" or the "Company") announces that
drill hole SU14-07 is now over 815-m deep and is continuing well on its planned
trajectory to test the East sedimentary exhalative (SEDEX) target at the Sully
Project.


Gravity surveying and interpretation suggests the depth of the top of the East
Target is in the 800 to1,000-m range and based on current drilling performance
that range will be tested in the coming days. A video presentation of the
current geological model, including the geophysical targets and traces of
historic drill holes can be seen at Sully Project Video. 


The Sully Project

Sully is located near Fort Steele, 30-kilometres east of the world-famous
Sullivan mine at Kimberley, B.C. The East target is one of two gravity mass
anomalies estimated to come within 800 to 1,000-m of surface, and extending to
depth. Coincident magnetic anomalies reinforce the positioning of the
large-scale gravity masses at this depth and approximately 800m apart.
Management believes the best explanation for the twin mass anomalies is the
presence of two very large vertically oriented SEDEX massive sulphide bodies.


The Sullivan Mine

Sullivan was discovered in 1892 and is one of the largest silver-lead-zinc 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 the 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. 


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

Santa Fe Metals Corporation (TSXV:SFM)
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