On November 28, 2012, Santa Fe Petroleum, Inc. terminated Mr. Bruce Hall as the CEO, CFO and a Director of the company. The termination was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. On November 28, 2012, Mr. Tom Griffin was appointed to serve as the company's CEO and has accepted such appointment.

Mr. Griffin will continue in his positions as the company's President, Secretary and Chairman of the board of directors. On November 28, 2012, Mr. Mark Zouvas was appointed to serve as the company's CFO, Treasurer and as a director and has accepted such appointment. He was formerly a licensed real estate broker and an accountant in the state of California.

Mr. Zouvas was involved in commodities trading and served as the CFO for an independent clearing firm on the Chicago Mercantile Exchange. He has also been a CEO and CFO of several publicly traded entities and has excellent knowledge of SEC and FNRA reporting guidelines. Mr. Zouvas' responsibilities have included asset development and fund raising.

He has had over twenty-five years of experience in preparing investment summaries and has raised over $500 million through debt and equity offerings to investors both domestically and abroad.