Santa Fe Gold Agrees to Purchase Processing Equipment and Real Property for Summit Silver-Gold Project

ALBUQUERQUE, NM–(Marketwire – June 3, 2008) – Santa Fe Gold Corp (OTCBB: SFEG), a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced that it had entered into a definitive agreement with St. Cloud Mining Company ("St. Cloud"), a New Mexico corporation, to purchase St. Cloud's mineral processing equipment and real property situated adjacent to the company's Banner Mill site located south of Lordsburg, New Mexico. The purchase price is $841,500. Closing of the transaction is targeted for June 30, 2008…more at marketwire