Santoy Resources Ltd fka SAN

[sumisu]

Santoy Announces Closing of Blizzard Transaction

Thursday June 14, 7:05 pm ET

http://biz.yahoo.com/ccn/070614/200706140397184001.html?.v=1

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News; "Santoy" or the "Company") is pleased to announce that the sale of the Company's Blizzard uranium deposit (the "Acquisition") as contemplated by the settlement agreements set out in the Company's news releases of January 27, 2006 and July 27, 2006 respectively have closed effective June 12, 2007. As part of the Acquisition, the Company's interest in the Blizzard uranium deposit in the Greenwood Mining Division of south-central British Columbia, has been assigned to Boss Power Corp. (formerly Boss Gold International Corp. - new symbol TSX.V: BPU) ("Boss Power") in return for the issuance of 26,250,000 shares of Boss Power to Santoy. Concurrently with the closing of the Acquisition, Boss Power has also completed a financing for aggregate proceeds of approximately $6,260,000.

As described in Santoy's news release dated January 27, 2006, one of the terms of the settlement agreement with Anthony Bersuchi is that Mr. Beruschi would receive the right, subject to all applicable regulatory approvals, to an 18 month $1,000,000 private placement (the "Private Placement") in Santoy at $0.40 per unit with each unit comprised of one common share of Santoy and one-half of one common share purchase warrant with each whole warrant exercisable for one common share of Santoy for a one-year period at an exercise price of $0.50 per share. Although it was the intention of the parties to close the Private Placement concurrently with the final Acquisition, the Private Placement has not been completed as the requisite regulatory approval could not be obtained. The Private Placement remains an outstanding item between the Company and Mr. Beruschi and does not directly involve Boss Power. The parties are investigating, within the spirit of the original business intention, possible modifications to the original terms in the Settlement Agreement which would be both acceptable to the Company and in compliance with applicable TSX Venture Exchange requirements.

As previously disclosed, Santoy is funding $1 million of direct expenditures on the Blizzard ground to earn a 5% working interest in the property. This interest is convertible to a 1% NSR royalty as part of the settlement agreements. Further technical and financial details on the Acquisition are contained in a news release issued today by Boss Power. This news release and a NI 43-101 compliant Technical Report dated November 15, 2006 as revised on February 23, 2007 and May 30, 2007, authored by Dr. Peter A. Christopher, PhD, P.Eng, are available at www.sedar.com under Boss Power's profile.

Early Warning Requirements under Applicable Securities Laws

As a result of the closing of the Acquisition, Santoy has received 26,250,000 common shares in the capital of Boss, which represent approximately 35.88% of the outstanding common shares of Boss. At present, Santoy does not have any intention to acquire ownership of or control over additional securities of Boss. A copy of the early warning report filed pursuant to the applicable securities legislation is available online at www.sedar.com under Boss's profile or may be obtained by contacting Santoy at 611 - 675 West Hastings Street Vancouver, BC, V6B 1N2, tel [phone], fax [phone].

On Behalf of the Board of Directors

SANTOY RESOURCES LTD.

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.

Contact:
Ron Netolitzky
Santoy Resources Ltd.
[phone]

Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
[phone]
[phone] (FAX)
Website: www.santoy.ca

--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.