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Santa Fe Metals Engages Mantis Capital for Investor Communications

June 03, 2008

Vancouver, British Columbia - Santa Fe Metals Corporation (TSX-V: SFM) (the "Company") is pleased to announce that it has engaged Mantis Capital Partners Ltd., to assist with the design and implementation of a comprehensive investor communications and market awareness program for the company, subject to regulatory approval. 

Mantis Capital will be responsible for coordinating and managing all of Santa Fe's marketing and communications efforts, including establishing a set of formal communications protocols, making direct introductions to key members of the investment community and fostering relationships with Santa Fe's existing shareholders.

Under the renewable agreement, Mantis will receive a fee of $5,000 per month for an initial term of six months and incentive stock options to purchase up to 100,000 common shares of the company at a price of C$0.55 each.  In accordance with the Company's Stock Option Plan, the options will vest equally on a quarterly basis over a period of 12 months.

About Santa Fe Metals Corp.

Santa Fe Metals is a diversified base and precious metals explorer with near-term copper production plans on its recently-acquired Cuatro Cienegas property.  The Company is focusing its exploration efforts on the prolific Mexican gold, silver and CRD belts (silver, lead, zinc, copper) and is currently undergoing a diamond drilling program on its Lobos property.  Its management team and board of directors have over 200 years of combined industry experience, with numerous well-known success stories to their credit.  Santa Fe is currently focused on evaluating and developing exploration plans for its Cuatro Cienegas, Lobos and Lorena properties and making additional acquisitions.  Further information is available on the Company's website www.santafemetals.com.