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Santa Fe Metals Completes 1st Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb 26, 2013) - Santa Fe Metals Corp. (TSX VENTURE:SFM) - The Company is pleased to announce that it has completed the first tranche of a non-brokered private placement announced on February 6, 2013. The Company has issued 6,713,001 units at $0.06 per unit and 1,183,000 flow-through shares generating gross proceeds of $473,760.

Each unit consists of one common share and one warrant to purchase one additional common share at $0.12 each for a two year period expiring February 25, 2015.

Finder''s fees of $15,648 cash and 260,800 "B" warrants, exercisable into 260,800 common shares at a price of $0.12 per share for a two year period expiring February 25, 2015, were paid.

The shares are subject to a four month hold period expiring June 26, 2013.

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

We seek safe harbor.


IAN SMITH, President & CEO