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Extension of Expiry Date and Repricing of Warrants

February 22, 2010

Vancouver, BC:  Santa Fe Metals Corp. has made application to the TSX Venture Exchange to extend the expiry date and reduce the exercise price of 1,978,330 share purchase warrants which were issued in connection with a private placement in February of 2008. The original exercise price was $0.80 per share and the proposed amended price is $0.45 per share. The proposed new expiry date is February 27, 2011.

Santa Fe Metals Corp.


"Ian Smith"

Ian B. Smith, President & CEO

For further information contact Ian Smith:

Telephone: 604.678.8823 ext. 1
e-mail:        info@santafemetals.com
website:     www.santafemetals.com

 

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