SANTA  FE  -  SIGNS  NEW  LOI  FOR  CUATRO  CIÉNEGAS  PROPERTY    

November  27,  2014                   TSX.V:SFM  

Santa   Fe   Metals   Corporation   (SFM:   TSXV)   ("SFM"   or   the   "Company")   announces   that   it   has  signed   a   Letter   of   Intent   ("LOI")   with   Philippine   Metals   Inc.   (TSX-­‐V:PHI)   ("PMI")   to   sell   100%   of  its  interest  in  the  Cuatro  Ciénegas  property  ("Property")  in  Mexico  to  PMI,  by  way  of  an  option  agreement.  
The   project   was   previously   the   subject   of   a   similar   agreement   with   Brigadier   Gold   Ltd.  Concurrently  with  the  PMI  LOI,  Brigadier  and  SFM  have  mutually  released  each  other  as  to  the  previous  option  agreement  on  the  Property.  
The  LOI  contemplates  an  upfront  payment  to  the  Company  of  $25,000  (which  was  received  on  November   26,   2014)   and   a   further   payment   of   $25,000   on   receipt   of   TSX   Venture   Exchange  approval.   Additionally,   PMI   has   agreed   to   pay   further   consideration   of   $575,000   over   a   period  of  24  months  to  be  satisfied  by  the  issuance  of  PMI  shares  or  cash,  with  the  shares  being  issued  at  the  then  Market  Price  (as  defined  by  TSX  Venture  Exchange  Policies).  

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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