Beacon Rock Research LLC

February 24, 2009 09:30 ET

Beacon Rock Research Property Visit Report to Santa Fe Gold Corporation's Summit Gold-Silver Mine in New Mexico

PORTLAND, OREGON--(Marketwire - Feb. 24, 2009) - Beacon Rock Research -

Santa Fe Gold Corporation (OTCBB:SFEG), headquartered in Albuquerque, New Mexico, has begun stockpiling gold-silver ore from its Summit Mine near Duncan, Arizona for processing at its mill in Lordsburg, New Mexico.

Santa Fe intends initially to operate the mill from gold-silver ore mined from Summit for at least seven years, and continue operation with material from mine extensions, acquisitions, or contract mining.

We have visited the Summit Mine and Lordsburg mill site three times in the previous two years and are pleased to see the project moving to production as planned. Beacon Rock Research prepared a project report (to view the project report please click on the following link: www.beaconrockresearch.com/files/SFEG.OB.Update.09.02.13.pdf) following the latest visit which is available at www.beaconrockresearch.com.

This Press Release was prepared by Beacon Rock Research.

Beacon Rock Research provides institutional-quality investment research, focused primarily on the metals and mining industry.

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