Home Page: San Anton Resource Corporation

WELCOME TO SAN ANTON RESOURCE CORPORATION

Mexico. Gold-Silver. Teamed With Goldcorp.

Cerro del Gallo deposit advancing towards Pre-feasibility.

San Anton Resource Corporation (SNN:TSX) is an exploration and development company that is listed on the Toronto Stock Exchange and is totally focused on the mining friendly jurisdiction of Mexico. The Company�s principal asset is a 55% interest in the San Anton Property (Goldcorp 45%), which hosts the near-surface Cerro del Gallo gold-silver-copper deposit (photo, right).

The San Anton Property is located in a historic gold-silver mining district in the state of Guanajuato in central Mexico, approximately 270km northwest of Mexico City. It is only in the period since July 2004 that the Property has been subjected to modern exploration techniques, a process that quickly identified more than 20 exploration targets. The only target that has received extensive work to date is the Cerro del Gallo deposit, where a NI 43-101 Mineral Resource of +10 million ounces gold equivalent* has been defined in less than two years. Measured and Indicated (M&I) categories account for 74% of total resources. The deposit is still open in a number of directions and a number of other exploration targets on the property have yet to be drilled.

Cerro del Gallo Mineral Resources (0.3g/t AuEq Cut-off)*

Category Tonnes (M) Au g/t Ag g/t Cu% AuEq* g/t AuEq* Moz

^{Measured 63 0.74 13 0.08 1.14 2.31}

^{Indicated 260 0.22 13 0.11 0.69 5.76} ^{M&I 323 0.32 13 0.10 0.78 8.08} ^{Inferred 112 0.19 10 0.10 0.59 2.11} ^{4 Moz gold, 171 Moz silver and 959 Mlbs copper}

^{* Gold equivalent has been calculated as Au+(Ag/60)+(CuX2.3). Metallurgical recoveries and smelter returns have been assumed at 100%. The gold equivalency is based on metal prices at the commencement of the project: US$410 per ounce of gold, US$6.67 per ounce of silver, and US$1.30 per pound of copper.}

Next Steps

Work to advance the San Anton project is proceeding on three fronts: engineering and metallurgical studies focused on Cerro del Gallo, expansion drilling at Cerro del Gallo, and exploration of regional targets outside of the Cerro del Gallo deposit. Two drill rigs (one RC and one diamond core) are presently operating on the Property, with an annual exploration budget of US $10 million.

Metallurgy

In 2007, Golder Associates carried out a series of pit optimization studies which indicate that potential pits already contain a significant resource and have a very low strip ratio of 0.57. SGS Lakefield Oretest carried out initial metallurgical testwork focused on the investigation of comminution, rougher flotation and cyanide flow sheet options utilizing material from the gold/silver zone. A second phase testing is underway to evaluate the copper zone material. Preliminary metallurgical recoveries were assumed at 80% for gold, and 85% for silver and copper. The pit optimization and metallurgical work will assist management in making a decision on initiating a Pre-Feasibility Study (PFS) in 2008.

Cerro del Gallo Deposit - Resources Contained within Optimized Pit Shell

^{(Based on Au US$600/oz, Ag US$10.80/oz, Cu US$3.00/lb)}

Category Tonnes (M) Au g/t Ag g/t Cu% AuEq g/t AuEq Moz

^{Measured 59 0.74 13 0.08 1.27 2.4}

^{Indicated 173 0.25 15 0.12 0.96 5.3} ^{Inferred 28 0.21 14 0.12 0.90 0.8} ^{Total 261 0.36 14 0.11 1.02 8.5} ^{3 Moz gold, 117 Moz silver and 632 Mlbs copper}
^{Note: The gold equivalent grade was calculated as Au+(Ag/55.56)+(CuX3.64) and assumes metallurgical recoveries of 80% for gold, and 85% for copper and silver.}

Expansion Drilling and Regional Exploration

The Cerro del Gallo deposit remains open in several directions. An expansion drilling program is currently underway to continue to test the mineral potential around the deposit and at depth. The Company is also planning an extensive exploration program to determine if other deposits exist within the 10km� alteration halo that surrounds Cerro del Gallo. Three other large zones of clay alteration similar to Cerro del Gallo have yet to be tested.

Work has also commenced on some of the more than 20 other exploration targets elsewhere on the San Anton Property. The main target is the Carmen-Providencia vein system, a northnorthwest trending low sulphidation epithermal silver-gold system located approximately two kilometers west of Cerro del Gallo and traceable on surface for three kilometers. Initial results include 4.6m grading 428g/t Ag and 3.52g/t Au (10.65g/t AuEq*) and 1.5m grading 590g/t Ag and 3.40g/t Au (13.23 AuEq*).

^{* Gold equivalent has been calculated as Au+(Ag/60)+(CuX2.3). Metallurgical recoveries and smelter returns have been assumed at 100%.}