Sanatana Diamonds Inc Announces Closing of Private Placemen =?ISO-8859-1?Q?t=20for=20Proceeds=20of=20=241,000,000=2E00?= by 24hgold

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Sanatana Resources Inc.
TSX VENTURE:	STA

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December 30, 2011
Sanatana Announces Closing of Private Placement for Proceeds of $1,000,000.00
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2011) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) further to its news release of December 23, 2011, Sanatana is pleased to announce the closing of a non-brokered private placement of 3,030,303 flow-through shares (the "FT Shares") with the MineralFields Group for gross proceeds of approximately $1,000,000.00 (the "Offering"). The Company will renounce an amount equal to the gross proceeds derived from the sale of the FT Shares to purchasers in accordance with the provisions of the Income Tax Act (Canada). All securities issued in the closing will be subject to a hold period which expires May 1, 2012. The Company paid Limited Market Dealer Inc. ("LMD") a cash commission equal to 5.25% of the proceeds raised (being $52,500.00) and issued to LMD broker's warrants (the "Broker's Warrants") equal to 3.50% of the FT Shares sold (being 106,061 Broker's Warrants). Each Broker's Warrant entitles the holder to purchase one additional non flow-through common share in the capital of the Company (a "Common Share") at an exercise price of $0.40 per Common Share until December 30, 2012. In connection with the closing, the Company also paid an aggregate cash commission of $17,500.00 to certain arm's length finders (equal to 1.75% of the proceeds raised) and issued 106,060 Broker's Warrants to certain arm's length finders (equal to 3.50% of the FT Shares sold). The funds raised from the Offering will be used for mineral exploration and development in the Company's projects in Ontario. "We are very pleased to be entering into this relationship with MineralFields Group," said Peter Miles, Chief Executive Officer. "This is an important milestone in the growth of Sanatana Resources Inc. and we look forward to working with MineralFields Group as we develop our properties." About MineralFields, Pathway and First Canadian Securities (R) MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flowthrough limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities (R) (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities (R) and have raised over $1 billion in their 10 year history. About the Company Sanatana Resources Inc. is a Canadian mineral exploration and development company with interests in Ontario, the Yukon and the NWT. Sanatana has entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) that grants Sanatana an option to acquire up to 51% of the Watershed property. With an experienced management team and board of directors, the Company has the ability required to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX VENTURE:STA). SANATANA RESOURCES INC. Peter Miles, President and Chief Executive Officer Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680 or Toll Free: 1-877-881-6680
Fax: 604-408-6682
investor@sanatanaresources.com
www.sanatanaresources.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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