SFM

Santa Fe Metals Corporation (TSX VENTURE:SFM) ("SFM" or the "Company") is
pleased to announce that further to its news releases of January 21 and February
27, 2014, it has closed its securities exchange with Global Resources Investment
Trust plc ("GRIT").


The Company issued 5,400,000 common shares at a deemed price of $0.06 per share
to GRIT, in exchange for 179,920 ordinary shares of GRIT (the "GRIT Shares"), at
the deemed price of GBP 1.00 per GRIT Share. A finder's fee of 432,000 shares of
the Company (or $25,920 at a deemed price of $0.06 each) was paid on closing to
an arm's length party. All securities issued in connection herewith are subject
to resale restrictions and have a statutory four month hold period. 


The GRIT Shares were distributed pursuant to a prospectus published by GRIT in
the UK on February 28, 2014. GRIT's application to list its ordinary shares on
the premium listing segment of the Official List and to trade on the London
Stock Exchange's main market became effective today. GRIT's distribution of the
GRIT Shares to the Company and other Canadian based issuers was also made
pursuant to a discretionary exemption order granted by the Ontario and British
Columbia Securities Commissions by order dated November 13, 2013. 


GRIT has been established to exploit investment opportunities in the junior
mining and natural resources sectors worldwide, with an investment objective to
generate medium and long-term capital growth. GRIT has conducted share exchange
transactions with 41 junior resource companies (32 headquartered in Canada),
acquiring an initial portfolio of their securities in exchange for 39,520,012
ordinary shares having a deemed value of GBP 39,520,012 (approximately
C$73,250,000). 


Scott E. Broughton, P.Eng., President and CEO 

www.santafemetals.com 

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. 


Certain statements set out in this News Release constitute forward-looking
statements. Forward-looking statements (i) are often, but not always, identified
by the use of words such as "expect", "may", "could", "anticipate", or "will",
and similar expressions; (ii) are subject to a variety of known and unknown
risks and uncertainties and other factors that could cause actual events or
outcomes to differ materially from those anticipated or implied by such
forward-looking statements. In particular there is no assurance that the Company
will realize at least GBP 1.00 per GRIT Share upon the sale thereof, or that the
Company will realize proceeds from the sale of the GRIT Shares in a timely
manner. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Santa Fe Metals Corp.
Scott E. Broughton, P.Eng.
President and CEO
604.684.2900
www.santafemetals.com

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