Santa Fe Petroleum, Inc. Announces Charles K. Dargan II as Chief Financial Advisor

PLANO, TX, March 21, 2013 /PRNewswire/ - Santa Fe Petroleum, Inc. (the "Santa Fe") (OTCBB: SFPI) announced today Charles K. Dargan II as the Company's Chief Financial Advisor to consult with management in relation to the Companies new growth opportunities.

"We are privileged to have such a wealth of experience and expertise to augment our current team," said Tom Griffin, CEO and Chairman of the Board of Santa Fe Petroleum, Inc. "I am pleased to welcome Charles on behalf of Santa Fe Petroleum, Inc., and I am certain he will contribute significantly towards the Company executing on its growth strategy."

Santa Fe Petroleum, Inc. recently announced plans to continue to develop and implement its plan towards production. The Company also announced recently that it anticipates continuing its research and identifying opportunities to acquire a potential additional 10,000-20,000 acres in the area adjacent to the Company's test well.

"I am honored to serve as the Chief Financial Advisor of Santa Fe Petroleum, Inc.," said Dargan. "I look forward to continuing to work closely with the board and the leadership team to successfully execute our growth strategy by capitalizing on a great opportunity to enter into production and to expand further into the exploration and production business over the long term."

Charles K. Dargan II is the founder and Chief Executive Officer of CFO 911 Corporation, an organization of senior executives that provides sophisticated accounting, finance and operational expertise to both public and private companies who are at strategic inflection points of their development and helps them effectively transition from one business stage to another. CFO 911 professionals have amassed a unique depth and breadth of operational and financial experience developed by having worked as Presidents, COOs and CFOs of Fortune 500 firms, micro-cap publicly traded companies, private emerging growth companies and not-for-profit organizations.

One of the CFO 911 industry specialties is in the broadly defined energy industry which includes traditional oil and gas companies in exploration and development, transportation, specialty services and refining as well as alternative or "Green" energy with an emphasis on renewable energy.

Mr. Dargan has also served as the Chief Financial Officer and Chief Operating Officer of both public and private companies including Semotus Solutions, Inc., a wireless mobility software company and BioLargo, Inc. a disinfectant and sterilization company. Mr. Dargan served as a director of Banks.com, Inc., 411 Web Directory, Inc., SingleTree Resources LLC and Anchor Audio, Inc. Further, Mr. Dargan began his finance career in investment banking with Drexel Burnham Lambert and later became Managing Director of two regional firms, including Houlihan Lokey Howard & Zukin, where he was responsible for the management of the private placement activities of the firm. Mr. Dargan received his B.A. degree in Government from Dartmouth College, his M.B.A. degree and M.S.B.A. degree in Finance from the University of Southern California. Mr. Dargan is a CPA and CFA and is licensed as a general principal and a financial and operations principal in the securities industry.

About Santa Fe Petroleum Inc.

Santa Fe Petroleum, Inc. is an exploration stage oil and gas company with leases to over 1,700 acres of property located in the Barnett and Marble Falls oil segment of North Central Texas. Management has over 50 years of combined oil and gas development and production experience and plans to bring its current leases into production while also undertaking a lease acquisition campaign in the surrounding areas. For more information on Santa Fe, please visit www.sfpetroleum.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

SOURCE Santa Fe Petroleum, Inc.