Santa Fe Gold Engages Collabrium Capital as Financial Advisor

Santa Fe Gold Corporation (OTCBB:SFEG) is pleased to announce it
has engaged Collabrium Capital ('Collabrium?) for corporate finance
advisory services. Headquartered in London, Collabrium is an investment
house providing fund management and advisory services in emerging
markets and closely related asset classes. The firm has built
substantial geographical reach and depth in its operating capability and
maintains a global network of affiliated partners in financial services,
industry and government.

Collabrium′s three principals have almost 100 years of experience in
developing and managing successful financial institutions in the UK and
overseas, and in both equity and fixed income products. http://www.collabriumcapital.com.

'We are delighted to establish a strategic relationship with Collabrium,
especially in light of the group′s financial strength and the depth of
financial experience of its managers, partners and affiliates,? said
Pierce Carson, CEO. 'We believe Collabrium′s financial and market
support will be invaluable to Santa Fe as we develop our properties and
build the company.?

Stephen Couttie, CEO of Collabrium Capital, commented, 'This is a
special opportunity for Collabrium. We believe we can make a substantial
contribution to Santa Fe, through both the introduction of the company
to markets where it has had less exposure, and broad assistance with the
development of its business. We very much look forward to working with
Santa Fe Gold.?

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 commercial production in 2012; (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 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 US 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 US 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 Corp

Pierce Carson, President and Chief Executive
Officer

505-255-4852

or

Investor Relations

Torrey
Hills Capital

Clay Chase, 858-456-7300

cc@sdthc.com