Eagle Plains and MMG Announce Letter of Intent on the Findlay Property Santa Fe - Completes 2014 Compilation and Exploration at Iron Range

December 10, 2014 TSX-V: SFM
Santa Fe Metals Corporation (TSX-V: SFM) ("SFM" or the "Company") announces that it has completed its
2014 exploration program for the Iron Range project, located 70-km southwest of the famous Sullivan Mine, near Creston, British Columbia. SFM holds the exclusive right to earn a 60% interest in the 69,000 ha property from Eagle Plains Resources ("EPL").

2014 Program Highlights

Compiled 117 years of exploration data in a single GIS database (containing: 20,202 soil samples,

585 rock samples, 4,336 line-km of geophysical data from 7 individual surveys and 80 drill holes totalling of 20,300-m)
Identified three distinct high-priority target areas (CAR, Canyon/Talon and Golden Cap)

Completed 3-D modeling for Talon Zone

Conducted heavy mineral concentrate (HMC) sampling over specific target areas

Acquired additional tenures

Past exploration, including geological mapping, airborne geophysics, extensive geochemical surveys and diamond drilling, has confirmed the property's potential for base and precious metals. The Iron Range property hosts the same stratigraphic rock assemblage as the historic Sullivan Mine, one of the largest sedimentary exhalative (SEDEX) silver-lead-zinc deposits in the world and also encompasses 57-km of the regional-scale Iron Range fault complex. The property has great potential for both "Sullivan Style" SEDEX and Iron Oxide Copper Gold (IOCG) mineralization.
The Sullivan Mine was discovered in 1892 and is one of the largest SEDEX deposits in the world. Over its
100+ year lifetime, Sullivan produced almost 300 million ounces of silver, 36 billion pounds of lead, zinc and other associated metals, collectively worth over $40B at current metal prices. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Iron Range property.
A Ranking Study completed in 2014 was the first comprehensive and project-wide program to compile and assess all past work on the property. This led to the recent definition of new drill target areas in this prolific metal mining region. Three areas have been delineated as high-priority exploration targets for both SEDEX base- and precious-metal mineralization and IOCG style mineralization. In addition, one of the three targets is being evaluated for Coeur d'Alene style structurally-hosted base + precious metal mineralization. Details of these target areas are outlined on a summary location map located on the EPL website:
http://www.eagleplains.com/projects/bc/ironrange/documents/Iron Range 2014 targets.pdf
Drilling in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1 g/t gold, 1.86% lead, 2.1% zinc, 75.3 g/t silver and 7.1m grading 8.13 g/t gold, 2.84% lead, 3.07% zinc, 86.6 g/t silver. Previous drilling
10-km north of the Talon Zone in 2008 by EPL intersected gold mineralization in drill-hole IR08006, which
assayed 7.0m grading 51.52 g/t gold.
In October 2014, a heavy mineral concentrate (HMC) sampling program was completed on specific parts of the target areas. Results from this work are pending and expected to help focus future exploration drilling activity.
A total of 4,900 ha or 49 km2 in additional tenures were acquired in 2014, bringing the total property size to
69,000 ha or 690 km2. All 2014 compilation and exploration work has been completed under the supervision of Mike McCuaig, P.Geo., of TerraLogic Exploration Inc.

Neither the 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.

Scott E. Broughton, P.Eng., President and CEO www.santafemetals.com
604.684.2900

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