Santa Fe Gold Terminates Pierce Carson As CEO; Names Jakes Jordaan Interim CEO

(RTTNews) - Santa Fe Gold Corp. (SFEG.OB) announced its Board of Directors voted to terminate Pierce Carson from the positions of President and CEO for cause, effective immediately. At the same time, the Board appointed Jakes Jordaan, Santa Fe's Chairman, as Interim Chief Executive Officer.

Our priority is now to expeditiously complete a strategic transaction that will provide not only the necessary capital; but also, add an experienced management and operational team, who can leverage our company's assets and profitably operate our Summit mine. I am confident that my transition role as Interim CEO will be short-lived and that I will be replaced by a proven operational team to lead Santa Fe," said Mr. Jordaan.