It's always a good bet to follow Sage whereever he goes!Company...

It's always a good bet to follow Sage whereever he goes!

Company Announcement
12 October 2012
IGS AND SANTA FE GOLD MERGER TO CREATE DYNAMIC GOLD SILVER
PRODUCER, DEVELOPER AND EXPLORER
Highlights

? International Goldfields Limited to merge with Santa Fe Gold Corporation and create a
dynamic gold and silver producer, developer and explorer;

? Proposed merged entity will have a market capitalisation of approximately A$70 million,
at least A$10 million in cash reserves, low cost gold & silver production of 28,000 oz pa
gold equivalent (with short and long term production upside) and operating mill;

? Expanded North and South American asset base with development and exploration
assets across major mining districts;

? Transaction brings together two highly experienced and complementary management
teams with successful record in exploration and development; and



? The boards of both International Goldfields Limited and Santa Fe Gold Corporation have
approved the Merger and recommend the transaction to shareholders of their respective
Companies.