VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/11/13 -- Santa Fe Metals Corporation (TSX VENTURE:SFM) (the "Company") announces that it will proceed with its proposed share consolidation (the "Consolidation") as announced in its press release dated February 6, 2013 on the basis of five (5) pre-Consolidation common shares for one (1) post-Consolidation common share. The Consolidation will be effective at the open of the market on February 12, 2013 (the "Effective Date").

The Company currently has 51,513,987 common shares issued and outstanding. As at the Effective Date, the Company will have 10,302,797 common shares issued and outstanding. The Company will not change its name as part of the Consolidation, but will issue new share certificates under a new CUSIP number, which is 802067207. The Company's common shares will continue to trade on the TSX Venture Exchange under its current symbol "SFM".

Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders' accounts.

SANTA FE METALS CORPORATION

Ian Smith, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.