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Producing Gold and Silver In Mexico, Santo Mining Featured in CEO Interview

Posted by AGORACOM-JC at 2:24 PM on Wednesday, July 10th, 2013

  • Three claims next to Barrick Gold in the mineral rich Dominican Republic
  • Charles claim 1 mile from Goldquest’s 2012 monster gold discovery
  • Company to start producing gold and silver in Mexico

Alain French President and CEO of Santo Mining Corporation featured on AGORACOM CEO Interview.

NEW GOLD AND SILVER MINING DEAL ANNOUNCED IN MEXICO

  • Entered into a definitive long-term license agreement to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico
  • Inferred resource tonneage: 3M mt at 3.17 g/t gold and 57.3 g/t silver
  • Inferred resource ounces: 306K oz gold and 5.5 M oz silver
  • Open-pit mining with truck access to highway
  • Impressive grades up to 8.581 g/t Gold and 148.1 g/t Silver
  • Most entitlements are in place including the environmental permit.

DOMINICAN REPUBLIC OPERATIONS

To give a sense of the scale of the opportunity, consider the following:

  • Pueblo Viejo gold-silver deposit (Barrick/ Goldcorp JV), estimated to contain 23.7 million ounces of gold. There has been documented mining activity here going back to the Spaniards in 1505. Sulphide mining operations here produce more than 450 ounces of gold and 1,800 ounces of silver every day.
  • Falcondo ferronickel mine, which can produce 29,000 tons of nickel each year.
  • Perilya’s Cerro de Maimón copper-gold mine, which constitutes a 6 million ton open-pit copper/gold reserve.

$16 Million Equity Enhancement Program Underway

  • Program allows, but does not obligate, the Company to issue and sell up to $16 million of shares of common stock to the Investor Hanover Holdings NY from time to time over the 36-month period

Charles Claim

This highly prospective claim is located above San Juan in western Dominican Republic and planted in the heart of the mineral rich “Tireo Formation.”

  • Charles Claim borders Goldquest’s renowned La Escandalosa claim where in 2012 three bonanza drill intercepts were reported as being the largest gold discovery in the Dominican Republic in 20 years.
  • The Company continues its positive growth, adding yet another quality claim to its portfolio of exploration concession applications and its focus on near-term gold production opportunities.
  • Santo Mining finalizing due diligence on remaining four claims that immediately wrap around Goldquest.
  • Exploration team yielded a series of results up to 10.79 g/t Silver and +1.0% Copper

Richard Claim

The company recently announced that it has signed a definite agreement to acquire 100% of the Richard gold exploration application.

  • located just 200 meters southeast of Barrick gold in the mineral-rich “Los Ranchos” geological formation of the Hispaniola Gold-Copper Back-Arc.
  • This definitive agreement is part of the Company’s aggressive expansion of its portfolio of precious and base metal exploration concession applications assets in its quest for near-term production opportunities.
  • Shallow Diamond Core Drilling Targets to sample the underlying bed rock awaiting permitting

During the last five months Santo Mining’s field exploration team led by Elpidio Moronta conducted due diligence on the Richard Claim consisting of property wide reconnaissance surveys, including stream sediment sampling and surface soil geochemistry. Early in 2013 the exploration team sent soil, sediment and rock samples to Acme Laboratories for multi-element trace analysis. The laboratory results have potentially identified two zones of gold, silver, and copper anomalies. The principal gold zone is located in the northwest quadrant of the Richard Claim, approximately 500 meters east of Barrick Gold’s Pueblo Viejo boundary. The exploration team is currently in the field conducting a “detailed” surface soil geochemistry survey and rock sampling to better define a series of shallow drill targets.

Hub On AGORACOM / Corporate Website

FEATURE: Santo Mining (SANP:OTCQB) To Become Mexico’s Next Gold and Silver Producer

Posted by AGORACOM-JC at 4:23 PM on Tuesday, June 18th, 2013

                                           

                                                                                          SANP: OTCBB

THREE REASONS WHY SANTO MINING?

  1. Three claims next to Barrick Gold in the mineral rich Dominican Republic
  2. Charles claim 1 mile from Goldquest’s 2012 monster gold discovery
  3. Company to start producing gold and silver in Mexico
NEW GOLD AND SILVER MINING DEAL ANNOUNCED IN MEXICO
  • Entered into a definitive long-term license agreement to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico
  • Inferred resource tonneage: 3M mt at 3.17 g/t gold and 57.3 g/t silver
  • Inferred resource ounces: 306K oz gold and 5.5 M oz silver
  • Open-pit mining with truck access to highway
  • Impressive grades up to 8.581 g/t Gold and 148.1 g/t Silver
  • Most entitlements are in place including the environmental permit.

DOMINICAN REPUBLIC OPERATIONS

To give a sense of the scale of the opportunity, consider the following:

  • Pueblo Viejo gold-silver deposit (Barrick/ Goldcorp JV), estimated to contain 23.7 million ounces of gold. There has been documented mining activity here going back to the Spaniards in 1505. Sulphide mining operations here produce more than 450 ounces of gold and 1,800 ounces of silver every day.
  • Falcondo ferronickel mine, which can produce 29,000 tons of nickel each year.
  • Perilya’s Cerro de Maimón copper-gold mine, which constitutes a 6 million ton open-pit copper/gold reserve.

$16 Million Equity Enhancement Program Underway

  • Program allows, but does not obligate, the Company to issue and sell up to $16 million of shares of common stock to the Investor Hanover Holdings NY from time to time over the 36-month period

Charles Claim

This highly prospective claim is located above San Juan in western Dominican Republic and planted in the heart of the mineral rich “Tireo Formation.”

  • Charles Claim borders Goldquest’s renowned La Escandalosa claim where in 2012 three bonanza drill intercepts were reported as being the largest gold discovery in the Dominican Republic in 20 years.
  • The Company continues its positive growth, adding yet another quality claim to its portfolio of exploration concession applications and its focus on near-term gold production opportunities.
  • Santo Mining finalizing due diligence on remaining four claims that immediately wrap around Goldquest.
  • Exploration team yielded a series of results up to 10.79 g/t Silver and +1.0% Copper


Richard Claim

The company recently announced that it has signed a definite agreement to acquire 100% of the Richard gold exploration application.

  • located just 200 meters southeast of Barrick gold in the mineral-rich “Los Ranchos” geological formation of the Hispaniola Gold-Copper Back-Arc.
  • This definitive agreement is part of the Company’s aggressive expansion of its portfolio of precious and base metal exploration concession applications assets in its quest for near-term production opportunities.
  • Shallow Diamond Core Drilling Targets to sample the underlying bed rock awaiting permitting

During the last five months Santo Mining’s field exploration team led by Elpidio Moronta conducted due diligence on the Richard Claim consisting of property wide reconnaissance surveys, including stream sediment sampling and surface soil geochemistry. Early in 2013 the exploration team sent soil, sediment and rock samples to Acme Laboratories for multi-element trace analysis. The laboratory results have potentially identified two zones of gold, silver, and copper anomalies. The principal gold zone is located in the northwest quadrant of the Richard Claim, approximately 500 meters east of Barrick Gold’s Pueblo Viejo boundary. The exploration team is currently in the field conducting a “detailed” surface soil geochemistry survey and rock sampling to better define a series of shallow drill targets.

Hub On AGORACOM / Corporate Website

Santo Mining Corp Starts Metalullurgy Testing to Optimize Gold & Silver Extraction

Posted by AGORACOM-JC at 2:11 PM on Thursday, May 9th, 2013

santomininglarge

SANTO DOMINGO, Dominican Republic, May 9, 2013 — Santo Mining Corporation (OTCQB:SANP), (the “Company”), announced it has commissioned leading metallurgy laboratories SGS Metcon / KD Engineering, of Tucson, AZ and The Center For Advanced Mineral And Metallurgical Processing (or “CAMP”) at Montana Tech of the University of Montana, Butte, MT.

Together they will conduct advanced testing on bulk ore samples collected from the “Angel Del Desierto” concession located at Ocampo, Coahuila, Mexico, 45 miles south of the United States border. Recent assays by Inspectorate Labs, Reno have returned impressive average grades up to 8.581 g/t Gold and 148.1 g/t Silver. Scheduled to take two weeks, this new round of testing will outline processes to optimize the extraction of the precious metals. In only nine months Santo Mining has transformed from a fledgling exploration company into an incipient gold and silver producer.

In April and May 2012 respected mine engineer Juan Luis Castillo Velez together with CEO Al French collected five soil and rock samples totaling 100 kilos for metallurgical study. The samples were dispatched in secure plastic buckets to the SGS facility in Durango, Mexico where they were repackaged and forwarded to SGS in Tucson, Arizona. During the following two weeks SGS will conduct precious metal characterization, gravity concentration, cyanide leaching, and bottle roll testing. Three samples will be forwarded to Montana Tech for mineralogy testing on their MLA or Automated mineral analysis system. The various studies will define the mineral ore and provide a general understanding of the ore body and outline processes that will optimize the extraction of gold, silver and potential platinum group metal previously reported in an economic evaluation by Platinum Investments.

Santo Mining will establish a 100% owned local subsidiary in Mexico to administer this project. As early as this summer, the Company plans to commission a qualified geologist to supervise a shallow core-drilling program with the objective of substantially increasing the inferred resources for precious metals within the policies of the CIM 43-101 standard. The Company also plans to have SGS run a pilot plant to fine tune the design of a concentration plant. Funding will likely be sourced from a recently approved $16 million equity funding program with Hanover Holdings I, LLC, of New York.

Al French, CEO, Santo Mining stated: “We are forging ahead and utilizing all available resources to keep our promise to begin producing gold and silver in the short term. This, in conjunction with the recent $16 million equity funding agreement, and enormous Greenfield opportunity in the Dominican Republic, will allow us to continue our exponential growth curve.”

About Santo Mining

Santo Mining Corporation is a junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploration of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. A detailed description of the Company’s activities is available at www.SantoMining.com.

Further information on the Company and its filings can be found at www.sec.gov

The Santo Mining Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=14686

Notice Regarding Forward-Looking Statements

This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company’s plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company’s properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

For Further Information, please contact:

Tyler Troup, B.Comm
Circadian Group, Investor Relations
North American:  1-(647) 930-1037
Toll free: 1-(866)-865-2780

BREAKING…Santo Mining Corp to Start Producing Gold & Silver

Posted by AGORACOM-JC at 2:21 PM on Thursday, May 2nd, 2013

SANP: OTCQB

  • Entered into a definitive long-term license agreement to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico
  • Inferred resource tonnage: 3M mt at 3.17 g/t gold and 57.3 g/t silver
  • Inferred resource ounces: 306K oz gold and 5.5 M oz silver
  • Open-pit mining with truck access to highway
  • Most entitlements are in place including the environmental permit.

View Release / Corporate Profile / Hub On AGORACOM

———-

Santo Mining Corp to Start Producing Gold & Silver

SANTO DOMINGO, Dominican Republic, May 2, 2013 — Santo Mining Corporation (OTCQB:SANP), (the “Company”), announced that on March 13, 2012 the Company entered into a definitive long-term license agreement (the “Agreement”) with Campania Minera Los Angeles Del Desierto SA De CV (Mexico) (the”Concessionaire”)to develop and mine its three metallic concessions (the “Concessions”) located at Ocampo, Coahuila, Mexico, 45 miles south of the United States border. Pursuant to the 15 year Agreement, the Concessionaire will receive a 40% of any royalty from the Concessions and the Company will keep the remaining 60%. The Concessions total more than 7.27 square kilometers and have been assayed for Gold and Silver with impressive grades. Most entitlements are in place including the environmental permit.

Location Map

Due Diligence Sampling

Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=18475

http://www.globenewswire.com/newsroom/prs/?pkgid=18474

The signing of the Agreement follows a year of due diligence under three consecutive standstill agreements. Under the Agreement, the Company is required to make payments during the first year to the Concessionaire totaling $210,000, and on 15 June 2013 the Company will transfer 1,000,000 shares of the Company’s common stock to the Concessionaire. $100,000 of the total initial cash payments is considered an advance on future 40% royalty payments. Preliminary assessments conducted on the first 60 hectares indicated a high probability of economic reserves that warranted entering into a definitive contract. There are indications that additional reserves are yet be discovered on the remaining 667 hectares.

QUICK FACTS:

Location: Coahuila State, North Central Mexico

Nearby Mining Operations: First Majestic Silver Corp (NYSE:AG ; TSX:FR) operates the Encantada silver mine nearby.

Area: 7.47 square kilometers of rolling desert

Inferred resource tonneage: 3M mt at 3.17 g/t gold and 57.3 g/t silver

Inferred resource ounces: 306K oz gold and 5.5 M oz silver

Secondary metals: silver & zinc

Type of mine: open-pit mining with truck access to highway

Estimated production: 2014

Estimated mine life: 2014-2030 (16 years)

Estimated employees: 66

Percent to the Company: 60%

Royalty to the Concessionaire: 40%

DUE DILLIGENCE SAMPLING:

In November 2012, a geochemical sampling survey was conducted by respected local mine engineer Juan Luis Castillo Velez under the direct supervision of Al French, the Company’s Chief Executive Officer. Surface soil and rock samples were collected at the base perimeter, sides and top of a mineralized rise and sent to Inspectorate Labs of Reno Nevada for fire assay analysis. The average results of all the samples was 3.17 g/t AU (gold) and 57.37 g/t AG (silver) which confirmed numerous certified and uncertified analyses previously commissioned by the Concessionaire. The highest results obtained were 8.581 g/t AU and 148.1 g/t AG.

RESOURCE CALCULATION & VALUATION:

The inferred mineral resource estimate is based partially on: 1) The results of the November 2012 geochemical sampling; 2) A 2007 Geological Assessment (Sketch) sponsored by the Mexican Secretary of Economy,

Coordination General de Mineria, and Fideicomso de Formento Minero; and 3) A Geological Report by Juan Jose Lopez Reyna, a Professional Geologist at the Universidad Autonoma de Coahuila. Adopting a conservative approach, the preliminary tonnage estimate inputs are limited to just 50% of the 60 hectares (600,000 square meters) study area multiplied by 5 meters of depth. The result indicates a potential of 3 million tonnes or $700 million in gold and silver in inferred resources at current prices. The Company plans to start shallow drilling, metallurgy testing, bulk sample testing in a local pilot plant, and commission a qualified geological report with the objective of augmenting the preliminary inferred resources estimates.

GEOLOGY & LOCATION:

The Concessions are located on the south periphery of the extinct volcano Cerro Minerva and consist of a numerous tertiary intrusive igneous rocks whose composition varies from granite, granodiorite, gabbro, diorite, andesite porphyries, rhyolite, and syenite as stocks, sills and dikes, and are generally rolling hills and all are accessible by truck transport. A jagged metamorphic aureole formed in the areas of contact with limestone and shale intrusive bodies generally consisting of irregular garnet skarn, marble, hornfels and recrystallized limestone. The gold-silver mineralization is largely encapsulated in silica. Because the gold and silver is so fine grained as to be invisible and largely refractory, the ore is not readily susceptible to standard cyanidation process. Santo Mining is evaluating a number of processing options to determine the most economical way to pre-treat or concentrate the refractory ore. Preliminary tests indicate a combination of conventional processes look optimistic and may provide excellent gold and silver recoveries on a cost effective basis.

PLAN OF OPERATION:

Santo Mining will establish a 100% owned local subsidiary in Mexico to administer this project. Later in 2013 and early 2014 the Company plans to systematically scale-up operations and purchase equipment and machinery with funds from a recently approved $16 million equity funding program with the Magna Group affiliate of Hanover Holdings I, LLC, of New York.

The Concessionaire is providing the three exploitation concessions and an environmental license all of which are in force. The Company will submit an application for a Forestry Permit (which typically takes 60-90 days to process) and a well permit for process water (which is expected to take 30 days to process). In Mexico Mining Concessions are typically granted for 50 years and allows for the exploration and extraction of underlying mineral deposits. Established in 2005, this modern system has attracted substantial long-term investment with 286 mining companies operating with foreign capital. In 2010, Mexico produced 79.37 tonnes of Gold, 4.41 billion tonnes of Silver (the largest in the World) and 476 tonnes of Base metals (copper, lead, Zinc, etc). According to Thomson Reuters, Mexico has lower gold production costs than most other countries. Since the implementation of NAFTA 19 years ago and its strong foreign investment protection provisions, the Mexican government has implemented a transparent and consistent mining policy, and Mexico has evolved into a friendly mining jurisdiction. Foreign mining companies and their wholly owned subsidiaries have a clear legal framework to refer to when exploring, developing and operating a project. In an effort to expand exploration, the Mexican government has created the Mexican Geological Survey which has established a detailed database of prospective exploration areas throughout the country.

Al French, CEO, Santo Mining Commented on the news: “The closing of this gold & silver mining contract is a major milestone for Santo Mining Corp as it squarely launches us into the “Junior Mining” league. The project is consistent with our vision to acquire production ready properties in Mexico and highly prospective properties (exploration concession applications) in the Dominican Republic. This, in conjunction with the recent $16 million equity funding agreement, provides Santo Mining with a credible window of opportunity for short-term exponential growth on top of the longer-term opportunities in the Dominican Republic.”

About Santo Mining:

Santo Mining Corporation is a junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploration of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. A detailed description of the Company’s activities is available at www.SantoMining.com.

Further information on the Company and its filings can be found at www.sec.gov.

The Santo Mining Corporation logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=14686.

Notice Regarding Forward-Looking Statements

This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company’s plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company’s properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Tyler Troup, B.Comm
Circadian Group, Investor Relations
North American: +1 (647)-930-1037
Toll Free: +1 (866) 603-3330

www.SantoMining.com
Due Diligence Portal: http://circadian-group.com/santo.html

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic (Client)

Posted by AGORACOM-JC at 8:57 AM on Thursday, April 25th, 2013

                

SANP: OTCBB

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic

Announced positive results from a geochemical reconnaissance survey of its “CHARLES” exploration application located in the Dominican Republic “Tireo Formation”.

  • Results up to 10.79 g/t Silver and +1.0% Copper
  • Claim borders Goldquest’s (TSX VENTURE:GQC) renowned La Escandalosa claim

Hub On AGORACOM / Corporate Website
———————–
FULL RELEASE BELOW.

Santo Mining Reports 10.79 g/t Silver and 1.0%+ Copper on New Charles Claim in Dominican Republic

SANTO DOMINGO, Dominican Republic, April 25, 2013 (GLOBE NEWSWIRE) — Santo Mining Corp. (OTCQB:SANP), (the “Company”), is pleased to announce positive results from a geochemical reconnaissance survey of its “CHARLES” exploration application (the “Charles Claim”) located in the Dominican Republic “Tireo Formation”.  Rock samples collected by the Company exploration team yielded a series of results up to 10.79 g/t Silver and +1.0% Copper. The Charles Claim borders Goldquest’s (TSX VENTURE:GQC) renowned La Escandalosa claim.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=18329

In 2012 Goldquest reported three bonanza drill intercepts just 2.5 km from the Charles claim which was reported as being the largest gold discovery in the Dominican Republic in 20 years.

The 278 hectare Charles Claim is located in the gold, silver and copper rich Tireo Formation and lies on the eastern border of Goldquest’s La Escandalosa. In March 2013 the Company’s exploration team, led by Elpidio Moronta, conducted a preliminary reconnaissance and surface geochemical survey of the entire claim. Stream sediment samples were collected from the Rio Guayabo, Rio Piedra Blanca and its tributaries. Grab and outcrop rock samples were collected and several samples from the Rio Piedra Blanca to the North side of the “Loma Del Gajo Pelon” mountain along a 600 meter long by 2 meter wide mineralized vein. These rock samples were dispatched to Acme Labs in Vancouver for multi-element and fire-assay analysis and returned the following positive grades for Silver and Copper:

10.79 g/t Silver and >1% Copper
10.57 g/t Silver and >1% Copper
03.18 g/t Silver and >7,160 g/t Copper
02.27 g/t Silver and >6,832 g/t Copper

The Tireo Formation consists of an Upper Cretaceous package of sedimentary and volcanic rocks including andersite, dacite, mineralized quartz veins, volcanic breccias, diorite and volcaniclastic silicification striking a NW/SE diagonal swath in west Dominican Republic.

Ten years ago, Goldquest, in a joint venture with Goldfields Ltd, carried out a regional geochemical and prospecting program that identified several new areas of mineralization. Later, Goldquest discovered several gold and copper mineralized areas in a long 35 km group of concessions called Romero, La Escandalosa, Jenjibre, Los Comios and Loma Viejo Pedro. Just 2.5 km NW of Charles are four bonanza drill intercepts which are reported on Goldquest’s website as follows:

Hole 90: 231m grading 2.41 g/t Gold and 0.44% Copper
Hole 92: 159m grading 4.45 g/t Gold and 0.95% Copper
Hole 93: 258m grading 4.50 g/t Gold and 1.30% Copper
and most recently 235m grading 7.88 g/t Gold and 1.43% Copper

According to Company President, Al French, “The Acme Lab results confirm a highly prospective area for Silver, Copper and potential Gold mineralization. Today the exploration team will return to Charles just north of San Juan and conduct a detailed sampling in the prospective zones. Meanwhile, back in Santo Domingo we are negotiating to purchase up to four more claims clustered immediately around Goldquest’s bonanza claims. Funding for the exploration will potentially come from the recent $16 million commitment from Hanover Holdings I, LLC (NY).

About Santo Mining Corporation

Santo Mining Corporation is a junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploration of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. A detailed description of the Company’s activities is available at www.SantoMining.com.

Further information on the Company and its filings can be found at www.sec.gov

The Santo Mining Corporation logo is available at:  http://www.globenewswire.com/newsroom/prs/?pkgid=14686

Notice Regarding Forward-Looking Statements

This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company’s plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company’s properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

For further information, please visit the company’s website: www.santominingcorp.com.

Tyler Troup, Managing Director
Circadian Group, Investor Relations

Toll Free: +1 (866) 865-2780
Toronto: +1 (647) 930-1037
New York: +1 (646) 257-2444

Email: 
Web: www.Circadian-Group.com
DD portal: http://www.circadian-group.com/santo.html