SBL

Santa Barbara Resources Limited (the "Company") (TSX VENTURE:SBL) - 

The Board of Directors of the Company has today granted stock options to
directors, officers, employees and consultants to purchase 1,875,000 common
shares of the Company, exercisable for up to five years at a price of $0.75 per
share, which price exceeds the last closing price of the Company's shares prior
to the date of grant. The options granted will vest immediately and will be
subject to any applicable regulatory hold periods. 


The Company is engaged in the business of mineral exploration in Peru and
Ecuador. The Company's two principal gold properties are the Sancos Project and
the Antalla Project, both located in Peru. 


ON BEHALF OF THE BOARD

Christoph Lassl, President and Chief Executive Officer

Address: Edificio In-Luxor - Oficina 102, Camilo Destruge N24-633 y Francisco
Salazar, P.O. Box 17-07-9719, Quito, Ecuador

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