Santo Mining Corp. Acquires 100% of the Eliza Claim in the Heart of the Dominican Gold District.

Santo Mining Corp. Acquires 100% of the Eliza Claim in the Heart of the
Dominican Gold District.

SANTO DOMINGO, Dominican Republic, Oct. 31, 2012 (GLOBE NEWSWIRE) -- Santo
Mining Corp. (OTCBB:SANP), (the "Company"), is pleased to announce that it has
acquired 100% of the "Eliza" gold exploration claim immediately North of
Monción in the Dominican Republic. This claim consists of 243.75 hectacres of
explorable lands and adds to the Company's growing portfolio.

Eliza shares the mineral rich "Hispaniola Gold Copper Arc" formation with
Barrick Gold's "Pueblo Viejo" mine with 25 million ounces of Gold, Perilya
Gold's "Cerro de Maimón", Goldquest's recent impressive "Romero" discovery,
and Falcondo Xstrata's massive nickel complex all of which are just a few
minutes away.

Santo Mining anticipates that it is a few days from completing a geochemical
soil survey at their "Walter" claim a short distance to the east. As soon as
this survey is complete the exploration crew plans to relocate just North of
Maimón and conduct a preliminary geochemical survey at Eliza consisting of
stream sediment, soil and rock sampling. Once collected, these samples will be
delivered to Acme Laboratories in Maimón for multi -element analysis including
gold, silver, copper and zinc. The site is flat pastureland so it is
anticipated exploration will be able to move ahead rapidly.

Following a recent site visit with a Santo Mining geologist, President Al
French reports, "We are especially optimistic about this latest addition to
Santo Mining's growing arsenal of precious and base metal claims. This claim
together with our flagship claim "Walter" just to the east strategically
places us in the epicenter of a major gold and base metal mining district. Our
intent is to fast-track exploration, seek out additional claims, merge with
companies that have solid synergies, and acquire near-term gold production
properties.We are making excellent progress on all these counts and I see all
these elements coming together soon."

About Santo Mining Corporation

Santo Mining Corporation is an aggressive junior minerals exploration and
development Company, based in the Dominican Republic. The Company is actively
pursuing the acquisition and exploring of properties, which are strategically
located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc
area in the Dominican Republic.A detailed description of the Company's
activities is available at www.SantoMining.com.

The Santo Mining Corporation logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=14686

Further information on the Company and its filings can be found at www.sec.gov

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release,
such as the Company's exploration plans for the Walter and Eliza properties,
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to, any mineralization, development or
exploration of the Company's properties and the timing of any work program or
exploration activities, and any results that may be obtained or the
commencement of production.

Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mineral exploration and difficulties
associated with obtaining financing on acceptable terms. We are not in control
of metals prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news release, and
we assume no obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance those beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure outlined in
our most recent annual report for our last fiscal year, our quarterly reports,
and other periodic reports filed from time-to-time with the Securities and
Exchange Commission.

CONTACT: Investor relations:
         Tyler Troup, Circadian Group
         North American Toll free:  1(866) 603-3330 or +1(647) 930-1037
         Email: info@santomining.com
         DD portal: http://www.Circadian-Group.com/santo.html
 
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