NR: 08-10
October 15, 2008
Santoy Resources Ltd. (TSX.V: SAN ) is pleased to report the completion of its 2008 uranium exploration program on its recently acquired Xemplar Option claims in the Otish Basin of Quebec. Santoy has the option to earn up to 100% from Xemplar Energy Corp. (TSX.V: XE ; see SAN news release of August 12, 2008) in four claim blocks totaling approximately 612 square kilometres. For simplicity, these Xemplar Option blocks have been re-named the Lorenz,
Trident, Cigare, and Péribonka properties.
Santoy is now one of the largest claim owners in this important, emerging uranium district, holding varying interests in nine properties covering nearly 1270 square kilometres (see map on Santoy website at www.santoy.com
).
The Otish district is centred on the Proterozoic Otish sedimentary basin, which has similarities to Saskatchewan’s prolific Athabasca basin. The Quebec basin includes the high-grade Matoush deposit of Strateco Resources Inc.
(indicated resources of 3.73 million pounds U
3
O
8
and inferred resources of 13.07 million pounds U
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O
8
), and the Seru
“L” deposit where Abitex Resources Inc. has just began a large drilling campaign and is earning 50% from AREVA
Canada Inc. and SOQUEM Inc. Abitex recently reported that the “ L ” deposit has a historic resource (not compliant with NI 43-101) of 385,000 tonnes grading 0.70% eU
3
O
8
and containing 5.94 million pounds eU
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8
. Other recent discoveries of note include the South Otish project of Cameco Corporation (2007 drill intersection of 1.06% eU
3
O
8 over nearly 16 metres) and the Mistassini property of Strateco Resources Inc / Majescor Resources Inc. (late 2007 intersection of 18.5 metres grading 0.215% U
3
O
8
).
Highlights of the August work on the Xemplar Option properties:

5785 line-kilometres of helicopter-borne radiometric and magnetic survey were completed and 720 lake sediment samples were collected over the four blocks. In addition, 690 radon-in-water determinations were completed on lake water samples. Review of preliminary radiometric and radon data have identified at least four new, high-priority targets for follow-up. Lake sediment results are awaited from the lab.

At the Lorenz Gully prospect on the Lorenz property, limited field examination near the end of the season confirmed the presence of high-grade, basement-hosted uranium mineralization. The mineralization is hosted by fractured, bleached and hematite-altered greenstone and trends southeasterly towards the unconformity with overlying Otish sandstones, located only 300 metres away. Over 9,999 counts per second were recorded on bedrock and boulders and analytical results are pending. Past drill results by
Uranerz intersected up to 1.87% U
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8
over 0.5 m. Compilation of historic drill results and newly acquired magnetic, radiometric and Aerotem II survey data will take place over the winter.

At the Lac Tion prospect on the Péribonka property, the Santoy crew located boulders of highly radioactive and altered mafic intrusive rock. Work by SERU Nucléaire Canada Ltée in the early 1980s had discovered small boulders grading up to 4% U in this area, and detailed ground surveys identified a 2.5 by 4 kilometrewide area of anomalous soil and lake sediments. Deep holes in this area were unsuccessful, however, two fences of short “Winkie” drill holes identified an altered dolerite dike with anomalous uranium values (0.05%
U
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8
over 0.8 metres).
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

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Santoy Resources Ltd. NR # 08-10

At the Lac du Castor prospect on the Péribonka property, field examination and review of preliminary airborne geophysical results confirm that the prospect occurs along the same gabbro sill as the Seru “L” deposit, currently being drilled by Abitex (see above). The gabbro sill and a NNE-trending zone of alteration can be traced for over five kilometres on Santoy’s Péribonka property, which completely surrounds Abitex’s property. Previous wide-spaced drilling (400-metre fences) by SERU in the early 1980s encountered anomalous radioactivity in several ho les along this trend. The best hole (OELV 290), now on Santoy’s
Péribonka property, intersected 0.15% U
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8
over 4.5 metres.
Over the winter, the company intends to conduct a thorough review of historic exploration information and newly acquired data for all of these properties, in order to select targets for detailed follow-up and possible drilling in 2009.
Finally, the company has been advised that a portion of its lands in the western Otish Mountains will be affected by the proposed “Monts Otish Park”, however, critical claims surrounding the Lorenz Gully and other key prospects are not affected. In addition, another new proposal called “Monts Otish Park Innu” now affects portions of the Péribonka property in the eastern part of the basin. The company’s claims remain in good standing and the status of the park proposal is being investigated.
The technical data in this news release has been approved by Santoy’s Vice President of Exploration, Mr. Mike
Cathro, P. Geo., a qualified person as defined by NI 43-101.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
“Ron Netolitzky"
R. K. Netolitzky, President & CEO
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 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