Santa Fe Metals Corp.

Santa Fe Metals Corp.

April 15, 2011 19:24 ET

Santa Fe Metals Announces Completion of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2011) - Santa Fe Metals Corp. (TSX VENTURE:SFM) -

The Company is pleased to announce that it has completed the non-brokered private placement announced on March 31, 2011. The Company issued 11,093,750 units at $0.08 per unit generating gross proceeds of $887,500.

Each unit consists of one common share and one-half of a warrant. One whole warrant entitles the holder to purchase one additional common share at $0.11 each for a two year period expiring April 15, 2013.

Finder's fees of $7,560 cash and 108,000 "B" warrants, exercisable into 108,000 common shares at a price of $0.10 per share for a two year period expiring April 15, 2013, were paid in connection with the placement of 1,350,000 units.

The shares are subject to a four month hold period expiring August 16, 2011.

Proceeds will be used primarily for property investigations and general working capital.

We seek safe harbor.


IAN SMITH, President & CEO

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

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