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File: SFM News 27NOV14 LOI CC FINAL.pdf

                                                                        
  
                                                                        
  




             
  

        SANTA
  FE
  �
  SIGNS
  NEW
  LOI
  FOR
  CUATRO
  CI�NEGAS
  PROPERTY
  
  
November
  27,
  2014
   
                  
          
          
           
          
          
          
          TSX.V:SFM
  

  

Santa
   Fe
   Metals
   Corporation
   (SFM:
   TSXV)
   ("SFM"
   or
   the
   "Company")
   announces
   that
   it
   has
  
signed
  a
  Letter
  of
  Intent
  ("LOI")
  with
  Philippine
  Metals
  Inc.
  (TSX-V:PHI)
  ("PMI")
  to
  sell
  100%
  of
  
its
   interest
   in
   the
   Cuatro
   Ci�negas
   property
   ("Property")
   in
   Mexico
   to
   PMI,
   by
   way
   of
   an
   option
  
agreement.
  

The
   project
   was
   previously
   the
   subject
   of
   a
   similar
   agreement
   with
   Brigadier
   Gold
   Ltd.
  
Concurrently
  with
  the
  PMI
  LOI,
  Brigadier
  and
  SFM
  have
  mutually
  released
  each
  other
  as
  to
  the
  
previous
  option
  agreement
  on
  the
  Property.
  

The
  LOI
  contemplates
  an
  upfront
  payment
  to
  the
  Company
  of
  $25,000
  (which
  was
  received
  on
  
November
   26,
   2014)
   and
   a
   further
   payment
   of
   $25,000
   on
   receipt
   of
   TSX
   Venture
   Exchange
  
approval.
  Additionally,
  PMI
  has
  agreed
  to
  pay
  further
  consideration
  of
  $575,000
  over
  a
  period
  
of
  24
  months
  to
  be
  satisfied
  by
  the
  issuance
  of
  PMI
  shares
  or
  cash,
  with
  the
  shares
  being
  issued
  
at
  the
  then
  Market
  Price
  (as
  defined
  by
  TSX
  Venture
  Exchange
  Policies).
  


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


  
Scott
  E.
  Broughton,
  P.Eng.,
  
  
President
  and
  CEO
  
  
www.santafemetals.com
  
  
604.684.2900
  
  
 

File: SFM News 27NOV14 LOI CC FINAL.docx

 
/
SANTA FE - SIGNS NEW LOI FOR CUATRO CIENEGAS PROPERTY 
November 27, 2014         TSX.V:SFM 
Santa Fe Metals Corporation (SFM: TSXV) ("SFM" or the "Company") announces that it has signed a Letter of Intent ("LOI
--->") with Philippine Metals Inc. (TSX-V:PHI) ("PMI") to sell 100% of its interest in the Cuatro Cienegas property ("Prop
--->erty") in Mexico to PMI, by way of an option agreement.
The project was previously the subject of a similar agreement with Brigadier Gold Ltd. Concurrently with the PMI LOI, 
--->Brigadier and SFM have mutually released each other as to the previous option agreement on the Property.
The LOI contemplates an upfront payment to the Company of $25,000 (which was received on November 26, 2014) and a furt
--->her payment of $25,000 on receipt of TSX Venture Exchange approval. Additionally, PMI has agreed to pay further consid
--->eration of $575,000 over a period of 24 months to be satisfied by the issuance of PMI shares or cash, with the shares 
--->being issued at the then Market Price (as defined by TSX Venture Exchange Policies).

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

Scott E. Broughton, P.Eng., 
President and CEO 
www.santafemetals.com 
604.684.2900