Santa Fe Gold Appoints General Manager with Extensive Mining Experience

Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce
the appointment of Mr. John White as Vice President and General Manager
of its wholly owned subsidiary, the Lordsburg Mining Company, which
operates the Summit silver-gold mine and Lordsburg processing facility
in southwest New Mexico. Mr. White has over 35 years of diverse mining
experience in exploration, project development, construction and
operations. A substantial part of his experience has been in New Mexico,
where he has held senior management positions with both mining and
construction companies. Mr. White holds a B.S. Degree in Geological
Sciences from the University of Washington and a M.S. Degree in
Geosciences from the University of Arizona.

'We are delighted to welcome John as a key member of our management
team,? said Pierce Carson, President and CEO. 'John will have primary
responsibility for the administration and operation of the Summit mine
and Lordsburg processing plant, where we recently announced commercial
production and currently employ 65 people. John′s breadth and depth of
experience in all phases of underground and open pit mining operations
will be invaluable as we continue to ramp up production and expand
processing operations.?

About Santa Fe Gold:

Santa Fe Gold is a U.S.-based mining and exploration enterprise focused
on acquiring and developing gold, silver, copper and industrial mineral
properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in
southwestern New Mexico, which began processing operations in 2010; (ii)
a substantial land position near the Lordsburg mill, comprising the core
of the Lordsburg Mining District; (iii) the Ortiz gold property in
north-central New Mexico; (iv) the Black Canyon mica deposit and
processing equipment near Phoenix, Arizona; and (v) a deposit of
micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to
build a portfolio of high-quality, diversified mineral assets with an
emphasis on precious metals.

To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements and
forward-looking information (collectively, 'forward-looking statements?)
within the meaning of applicable U.S. and Canadian securities
legislation. All statements, other than statements of historical fact,
included herein are forward-looking statements. Although the Company
believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking statements by the Company
are not guarantees of future results or performance, and that actual
results may differ materially from those in forward-looking statements
as a result of various factors, including, but not limited to,
variations in the nature, quality and quantity of any mineral deposits
that may be located, variations in the market price of any mineral
products the Company may produce or plan to produce, the Company's
inability to obtain any necessary permits, consents or authorizations
required for its activities, the Company's inability to produce minerals
from its properties successfully or profitably, to continue its
projected growth, to raise the necessary capital or to be fully able to
implement its business strategies, and other risks and uncertainties
disclosed in the Company′s Annual Report on Form 10-K for the year ended
June 30, 2011 and its most recent quarterly reports filed with the
United States Securities and Exchange Commission (the 'SEC?), and other
information released by the Company and filed with the appropriate
regulatory agencies. All of the Company's U.S. public disclosure filings
may be accessed via www.sec.gov
and its Canadian public disclosure filings may be accessed via www.sedar.com,
and readers are urged to review these materials.

Santa Fe Gold Corporation

Pierce Carson, 505-255-4852

President
and Chief Executive Officer

or

Investor Relations

Torrey
Hills Capital

Clay Chase, 858-456-7300

cc@sdthc.com