Santa Fe Gold Engages Torrey Hills Capital for Investor Relations

Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce it
has retained Torrey Hills Capital, Inc. ('Torrey Hills Capital'),
located in Del Mar, California, to act as investor relations consultants
to the Company.

Torrey Hills Capital is a leading investor and financial public
relations firm specializing in small and micro-cap companies, primarily
in the natural resource sector. Torrey Hills Capital will increase
awareness about Santa Fe Gold through its established relationships with
investment professionals, investment advisors, and money managers
focused on the micro-cap market space. This will allow the Company to
build and maintain an informed investor audience in the United States
marketplace.

Torrey Hills Capital also will develop a profile on Santa Fe Gold for
coverage on its website, www.babybulls.com,
a website developed to showcase and provide exposure for emerging
micro-cap companies to an audience of proven micro-cap investors.

Torrey Hills Capital has been engaged on a month-by-month basis at a
monthly fee of US$7,500. In addition, Santa Fe Gold has agreed to grant
Torrey Hills Capital options to purchase 250,000 shares of its common
stock at a price of $1.00 per share for a period of three years from the
date of grant.

Torrey Hills Capital currently has no direct or indirect interest in the
securities of Santa Fe Gold, or any right or intent to acquire such an
interest except pursuant to the exercise of the above referenced options.

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 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, 505-255-4852

President and
Chief Executive Officer

or

Investor Relations:

Torrey
Hills Capital

Clay Chase, 858-456-7300

cc@sdthc.com