Santa Rosa Resources Corp.

May 27, 2013 19:02 ET

Santa Rosa Resources Corp. Reports Financial Results for Q1 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2013) - Santa Rosa Resources Corp. (TSX VENTURE:STR.H) ("The Company") today announced its quarterly results for the period ended March 31, 2013. The financial statements have been prepared in accordance with International Financial Reporting Standards.

David Roberts, President and CEO, said "The Directors and Officers of Santa Rosa Resources Corp. are seeking a suitable new business to vend into the Company."

Financial Results

For the three months ended March 31, 2013, the Company incurred a net loss of $21,574, compared to a net loss and comprehensive loss of $418,071 for the three months ended March 31, 2012. Operating expenses for the three months ended March 31, 2013 were $21,574, compared to $25,869 in the comparable prior year period.

Liquidity and Outstanding Share Capital

As at March 31, 2013 the Company had a working capital deficit of $14,652.

As at May 22, 2013 the Company had 4,471,323 common shares issued and outstanding.

Additional Information

This news release should be read in conjunction with the Company's interim financial statements for the three months ended March 31, 2013 and the notes thereto, together with the MD&A for the corresponding period, which are available on SEDAR at

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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