San Anton Announces Progress on Feasibility Study Activities at Cerro Del Gallo

TORONTO, ONTARIO -- (Marketwire) -- 08/04/10 -- San Anton Resource Corporation (TSX: SNN) is pleased to announce the following update on Feasibility Study activities and plans for the Cerro del Gallo gold/silver project in Guanajuato, Mexico.

On March 2, 2010, the Company announced the results of the Cerro del Gallo scoping study, with the conclusion that the project should proceed to a Feasibility Study. The highlights of the Cerro del Gallo scoping study were as follows:

--  US$259m net free cash flow before tax (unadjusted for inflation) - post
    capital expenditure payback
--  69.9Mt in-pit resource at 0.66g/t gold (Au) and 13.6g/t silver (Ag)
--  0.74:1 average strip ratio over 14 year mining life
--  Life of Mine recovery of 1Moz Au and 11.3Moz Ag

On April 16, 2010, the Company filed a technical report in respect of the scoping study prepared by Tim Carew, P.Geo. of Reserva International and Bill Fleshman, Geologist, FAusIMM CP and John Skeet, Metallurgist, MAusIMM, both of Kings Minerals, the principal shareholder of the Company, which is available under the Company's profile on SEDAR at www.sedar.com.

Following the positive scoping study, outcome work for the completion of a Feasibility Study has commenced. Several lead consultants for the Feasibility Study have been engaged and drill core samples selected and shipped to a laboratory for definitive metallurgical testing.

The following lead consultants have been retained:

--  Mine Development Associates and The Mines Group, both from Reno, Nevada,
    USA, have been engaged to complete the mine planning, mine design, heap
    leach design, water balance, dam design work among other items.
--  SGS Lakefield Oretest (SGS) in Perth, Australia have been engaged to
    perform the metallurgical test work.
--  Heuristica Ambiental from Hermosillo, Mexico has been retained for, and
    are progressing with, the environmental permitting work.

The Feasibility Study for the Cerro del Gallo Project will initially focus on optimizing development of the resource with regard to mine life and process methods, and to maximize the use of low cost heap leaching for gold and silver production.

Importantly, metallurgical recoveries for the gold and silver by heap leaching are being confirmed by the metallurgical test work by SGS. Confidence levels in the metallurgical performance of the fresh rock material to be processed by milling and carbon-in-leach is high due to the level of previous test work performed.

John Cook, President and CEO of San Anton stated, 'In addition to the work on the Company's rights offering and the business combination with Kings Minerals to strengthen the corporate structure and financial situation of the Company, the activities currently underway to support the Feasibility Study for Cerro del Gallo have progressed well. Kings Minerals' technical operations team, led by John Skeet - well experienced in this type of development project in Mexico -, is overseeing these Feasibility Study activities.'

John Skeet, Chief Operating Officer of Kings Minerals, said that 'A detailed mine plan and schedule will be produced to optimize metal production and to defer the development of the carbon-in-leach stage until well after the initial capital payback is scheduled. We are also working on the site plan to improve the layout and significantly reduce the initial capital requirement for the heap leach development.'

John Cook, concluded 'We look forward to the results of the new metallurgical program to confirm the metallurgy recoveries estimated to date. We are also confident that a revised mining and development scenario could potentially reduce capital cost and generate cash flows faster.'

A new aerial photography and topographical map of the San Anton property is being produced to provide detailed contours of selected areas for the purpose of evaluating pit slope parameters to be used in the final pit designs. The new topographical map will also be crucial to the accurate completion of the mine design and mine schedule planned for Cerro del Gallo.

Although work on the feasibility study is anticipated to be largely complete by the end of December 2010, final feasibility reporting will be completed first quarter 2011. Environmental permitting, landowner agreements, change of surface usage and the explosives permit, as per Mexican regulations, are scheduled for completion by June 2011.

John Skeet, Chief Operating Officer of Kings Minerals, Metallurgist and MAusIMM and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in this release.

About San Anton Resource Corporation

San Anton Resource Corporation is an exploration and development company that is listed on the TSX and is totally focused on the mining friendly jurisdiction of Mexico. The Company's principal asset is a 64% interest in the San Anton Property (Goldcorp 36%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit. The Property is located in a historic gold-silver mining district and has only recently been subjected to modern exploration techniques. This work quickly identified several targets and has led to the delineation of a NI 43-101 Measured & Indicated Mineral Resource of 461 million tonnes grading 0.27g/t gold (3.9Moz), 11g/t silver (163Moz) and 0.11% copper (1.09Blb) and an Inferred Mineral Resource of 166 million tonnes grading 0.11g/t gold (0.6Moz), 7 g/t silver (39Moz) and 0.10% copper (0.36Blb). Within the overall deposit, there is a 'gold domain zone' containing Measured & Indicated Mineral Resource of 209 million tonnes grading 0.48g/t gold (3.2Moz) and 11g/t silver (71Moz) and within this zone, there is a relatively higher grade gold resource defined at surface. The deposit remains open in several directions. On March 2, 2010, San Anton announced a highly encouraging US$259 million net free cash flow, US$415/oz production cost 'base case' scoping study finding for the Cerro del Gallo project.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain 'forward-looking statements'. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators.

Contacts:

San Anton Resource Corporation

John Cook

President & CEO

416-987-0856
johncook@kos.net


San Anton Resource Corporation

Christian Del Valle

Manager, Corporate Development

416-987-0856
cdelvalle@sanantonresourcecorp.com