San Anton Resource Corporation
TSX : SNN

San Anton Resource Corporation

December 16, 2008 09:01 ET

San Anton Announces Drilling Results Around Cerro Del Gallo

Results include 12m grading 0.32% Cu, 0.01g/t Au and 50g/t Ag within 119.3m grading 0.17% Cu, 0.04g/t Au and 30g/t Ag

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2008) - San Anton Resource Corporation (TSX:SNN) is pleased to announce further encouraging results from exploration drilling around the Cerro del Gallo copper-gold-silver deposit in Guanajuato state, central Mexico. Drilling to the north of Cerro del Gallo intersected significant copper-silver mineralisation which lies outside the current mineral resource. This mineralization is open to the north at depth, and extends southerly towards the current resource.

Highlights of the exploration drilling results around Cerro del Gallo include:



- 119.3m grading 0.17% Cu, 0.04g/t Au, 30g/t Ag from 570.0m (open at depth)
in hole SA-359 including

9.0m grading 0.14% Cu, 0.01g/t Au, 45g/t Ag from 588.0m
7.0m grading 0.16% Cu, 0.02g/t Au, 39g/t Ag from 604.0m
12.0m grading 0.32% Cu, 0.01g/t Au, 50g/t Ag from 619.0m
38.3m grading 0.25% Cu, 0.07g/t Au, 20g/t Ag from 651.0m

- 13.72m grading 0.8% Zn, 0.5% Pb from 243.84m in hole SA-356

- 20.0m grading 0.4% Zn, 0.3% Pb from 61.0m in hole DM-001


John Cook, President & CEO, said that "We are pleased with the results of the exploration drilling work completed this year as it has allowed us to identify a number of additional targets around Cerro del Gallo which merit further evaluation."

Since early February 2008 exploration has focused on generating new drill targets within a 2-3km radius of the Cerro del Gallo deposit. This work identified 8 targets which were tested by 13 drill holes. Further drilling has been temporarily suspended since mid May 2008.

The intersection of copper-silver mineralisation in diamond core hole SA-359 indicates the Cerro del Gallo copper-gold-silver deposit extends northwards for at least a further 150m. Copper-silver mineralisation is open at depth and along strike. The incorporation of these copper-silver values into any future resource estimate should result in an increase in the size of the Cerro del Gallo copper-gold-silver deposit.

John Cook, concluded "The Company's immediate objective is to focus on expediting the advancement of the Cerro del Gallo copper-gold-silver deposit towards development through ongoing metallurgical, engineering and associated technical studies."

A summary of drilling results from targets within a 2-3km radius of Cerro del Gallo is shown in Table 1. The location of these targets and drill holes is shown in Figure 1 (Summary of Drilling and Targets around Cerro del Gallo available at http://www.sanantonresourcecorp.com/en/San_Anton_27/Property_Maps_867.html).

Several holes including SA-342 (Southeast Extension), SA-347 (Southeast Extension), SA-356 (El Pernazo), SA-357 (Quarry), SA-360 (Gamma) and DM-001 (Monument Hill), DM-002 (Monument Hill) and DM-003 (Monument Hill) intersected low grade zinc +/- lead mineralization. This zinc +/- lead mineralization is interpreted to extend beyond the copper-gold-silver mineralization at Cerro del Gallo.



Table 1: Regional Exploration - Summary of Intersections

----------------------------------------------------------------------
Hole Id From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%) (%)
----------------------------------------------------------------------
SA-337 395.00 399.00 4.00 0.12 3 0.17 0.00 0.01
439.00 440.00 1.00 0.13 5 0.21 0.00 0.01
566.00 567.00 1.00 0.02 1 0.12 0.00 0.09
----------------------------------------------------------------------
SA-342 407.00 408.00 1.00 0.00 3 0.11 0.00 0.00
413.00 424.00 11.00 0.01 4 0.11 0.00 0.02
458.00 459.00 1.00 0.01 15 0.47 0.00 0.04
466.00 474.00 8.00 0.07 5 0.15 0.00 0.02
512.00 513.00 1.00 0.02 3 0.12 0.00 0.01
544.00 546.00 2.00 0.02 2 0.11 0.00 0.81
----------------------------------------------------------------------
SA-345 No mineralization
----------------------------------------------------------------------
SA-347 55.00 56.00 1.00 0.00 2 0.08 0.09 0.12
68.00 69.00 1.00 0.00 3 0.01 0.40 0.87
110.00 112.00 2.00 0.00 1 0.01 0.19 0.31
114.00 115.00 1.00 0.00 6 0.02 0.99 1.45
237.00 239.00 2.00 0.00 1 0.01 0.02 0.09
----------------------------------------------------------------------
SA-356 108.20 109.73 1.53 0.01 7 0.01 0.03 0.52
114.30 117.35 3.05 0.00 2 0.00 0.01 0.27
129.54 132.59 3.05 0.00 1 0.00 0.04 0.19
146.30 149.35 3.05 0.00 2 0.01 0.02 0.16
243.84 257.56 13.72 0.01 6 0.04 0.50 0.81
269.75 286.51 16.76 0.00 3 0.02 0.10 0.16
----------------------------------------------------------------------
SA-357 204.22 210.31 6.09 0.00 8 0.00 0.04 0.12
----------------------------------------------------------------------
SA-358 No mineralization
----------------------------------------------------------------------
SA-359 14.00 70.00 56.00 0.00 3 0.01 0.05 0.15
including 14.00 23.00 9.00 0.00 9 0.01 0.12 0.36
including 47.00 64.00 17.00 0.00 2 0.01 0.07 0.17
138.00 159.00 21.00 0.00 2 0.01 0.07 0.14
192.00 302.00 110.00 0.01 2 0.01 0.04 0.14
including 192.00 214.00 22.00 0.00 1 0.01 0.09 0.12
including 249.00 264.00 15.00 0.01 7 0.02 0.10 0.49
437.00 440.00 3.00 0.01 116 0.07 0.38 0.53
507.00 570.00 63.00 0.01 9 0.03 0.06 0.19
including 545.00 570.00 25.00 0.01 16 0.04 0.10 0.31
570.00 689.30 119.30 0.04 30 0.17 0.05 0.08
including 588.00 597.00 9.00 0.01 45 0.14 0.10 0.24
including 604.00 611.00 7.00 0.02 39 0.16 0.10 0.14
including 619.00 631.00 12.00 0.01 50 0.32 0.06 0.06
including 651.00 689.30 38.30 0.07 20 0.25 0.01 0.03
----------------------------------------------------------------------
SA-360 115.82 117.35 1.53 0.01 5 0.02 0.13 0.15
----------------------------------------------------------------------
SA-361 No mineralization
----------------------------------------------------------------------
DM-001 46.00 48.00 2.00 0.04 4 0.01 0.21 0.28
61.00 81.00 20.00 0.01 5 0.01 0.30 0.39
238.00 239.00 1.00 0.02 11 0.02 0.30 0.46
----------------------------------------------------------------------
DM-002 241.00 242.00 1.00 0.05 14 0.02 0.01 0.52
245.00 247.00 2.00 0.04 2 0.01 0.02 0.43
286.00 290.00 4.00 0.00 15 0.02 0.10 0.39
----------------------------------------------------------------------
DM-003 59.00 60.00 1.00 0.01 16 0.02 0.40 0.68
76.00 78.00 2.00 0.00 4 0.01 0.06 0.33
84.00 85.00 1.00 0.00 6 0.03 0.16 0.18
267.00 268.00 1.00 0.00 6 0.01 0.11 0.16
----------------------------------------------------------------------


Drilling was supervised by Graeme Rabone, an independent consultant, who is a Qualified Person under National Instrument 43-101 and has reviewed and approved the technical information in this release. RC samples are assayed in 1.52 metre intervals, at SGS in Toronto, Canada. Gold is routinely assayed using a 30 gram sample, fire assay fusion and AAS finish with all gold values of greater than 1.0g/t routinely re-assayed by SGS using the gravimetric method prior to batch reporting. Silver and copper values are determined on a 2 gram sample, aqua regia-hydrofluoric acid digest and AAS finish with high values checked using a different method. Standard reference material is routinely inserted into the sample stream from diamond core and RC drilling at a rate of 1 in 40 samples and sample blanks every 1 in 100 samples. Field duplicates are inserted every 1 in 50 samples. Analytical QA/QC work is done at a later time at another external laboratory on approximately 5% of selected samples containing above background metal values.

About San Anton Resource Corporation

San Anton Resource Corporation is an exploration and development company that is listed on the Toronto Stock Exchange and is totally focused on the mining friendly jurisdiction of Mexico. The Company's principal asset is a 63% interest in the San Anton Property (Goldcorp 37%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Mineral Resource of 4.5 million ounces of gold, 202 million ounces of silver, and 1.4 billion pounds of copper. The deposit remains open in several directions. Metallurgical test work and engineering studies are currently underway to complete a Pre-Feasibility Study and to advance the project towards a development stage.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators.

A figure is available at the following address: http://media3.marketwire.com/docs/081216.pdf

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