Santa Barbara Resources Ltd.

Santa Barbara and Rio Alto Mining have mutually agreed to extend the deadline to replace the non-binding letter of intent announced on February 7, 2013 with a definitive option and joint venture agreement containing industry standard terms and conditions. Santa Barbara has accepted US$300,000 in partial payment of the minimum US$1,500,000 to be funded by Rio Alto the first year of the agreement so as not to delay [...]

Santa Barbara is pleased to announce it has appointed Mr. Robert Boaz to the Board of the Company as an independent director. Mr Boaz graduated with honours from McMaster University of Hamilton, Ontario with a Bachelor of Arts in Economics and has a Masters Degree in Economics from York University in Toronto. He is a highly respected financial and economic strategist in Canadian bond and equity markets with [...]

Santa Barbara is pleased to announce that, further to the press release dated February 7, 2013, it has closed its non-brokered private placement with Rio Alto Mining Limited. The Company issued 2,500,000 common shares at a purchase price of $0.08 raising gross proceeds of $200,000. The common shares are subject to a hold period in Canada expiring on June 14, 2013.

Santa Barbara is pleased to announce that it has entered into a non-binding letter of intent with Rio Alto Mining whereby Santa Barbara will grant to Rio Alto options to which it may earn and acquire up to a 66% interest in the Company's 8,200 hectare Sancos gold property in Peru. The LOI also contemplates that Rio Alto will make a $200,000 equity investment in Santa Barbara at $0.08 per share. Santa Barbara's [...]