Friday, November 30, 2007
Santoy Proposes $5 Million Private Placement

News Release: 07-28

Santoy Resources Ltd. (TSX.V: SAN) has proposed to raise up to $5 million as a non-brokered private placement financing by the issuance of Flow-Through Shares which will be sold at a price of $0.65 per share. This financing is subject to regulatory approval and a cash finders' fee of up to 7 percent may be paid to accredited agents on that portion of the funds raised by third parties. The shares issued under this financing will be subject to a hold period of four months plus one day from the date of closing of the offering.

The flow through proceeds raised in this offering will be used for Canadian Exploration Expense (CEE) as defined in the Income Tax Act (Canada), and will be renounced for the 2007 taxation year. It is anticipated that certain officers, directors, and insiders of the company will subscribe for a portion of the private placement. That portion of the private placement that is sold to insiders may be classified as a related-party transaction, as such term is defined in Ontario Securities Commission Rule 61-501 and TSX Venture Exchange policies. The company anticipates that it will be able to rely upon exemptions to the shareholder approval and valuation requirements imposed by Rule 61-501 and TSX Venture Exchange policies in respect of related party transactions.

The funds will be applied to advance exploration on the Company's uranium exploration portfolio in Saskatchewan, Manitoba, in the Otish Mountains of Quebec, and in the Central Mineral Belt in Labrador.

About Santoy Resources
Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, on the advanced Blizzard uranium deposit in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca.

On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
"Ron Netolitzky"
Ron Netolitzky, President

Cautionary Statement on Forward-Looking Information

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For further information contact:
Ron Netolitzky, President or Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings Street Vancouver
British Columbia, Canada V6B 1N2
Tel: (604) 669-4799
Fax: (604) 669-2543
Website: www.santoy.ca