Santa Fe Metals Corp.

Santa Fe Metals Corp.

October 04, 2013 09:00 ET

Santa Fe Metals Corp. Provides Update Regarding Option Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2013) - Further to its news release dated September 25, 2013, Santa Fe Metals Corp. (TSX VENTURE:SFM) ("SFM" or the "Company") is pleased to announce that it will soon commence a single-hole drilling program (the "Drill Program") on the Sully group of claims (the "Sully Property"), located near Fort Steele in southeastern British Columbia.

The Company notes that completion of the Drill Program is one condition to the exercise of the option described in its September 25, 2013 news release (the "Option"), and that it will seek shareholder approval prior to completing any further conditions (i.e., other than the Drill Program) under the Option.

The Option transaction remains subject to the approval of the TSX Venture Exchange.

This news release contains forward-looking statements, including statements relating to the Company's future plans and objectives with respect to the Drill Program, the Option, shareholder approval and the exploration of the Sully Property. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. There can be no assurance that the Drill Program will be completed, that the Option will be exercised, that shareholder approval be obtained, that planned exploration will completed as proposed or at all, or that economic resources will be discovered or developed at the Sully Property.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release.

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.

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