Vancouver, March 1, 2012 – Baja Mining Corp. (TSX: BAJ – OTCQX: BAJFF) today announced that it has filed and is mailing a second letter to shareholders. In the letter, Baja responds to misleading statements by dissident shareholder Mount Kellett Master Fund II A L.P., and highlights Mount Kellett’s failure to address seven critical facts in its dissident circular. Baja cautions shareholders not to trust the Mount Kellett wolf in sheep’s clothing.

“While we’re encouraged by the initial support that we have received, we remind shareholders that Baja is being stalked by a wolf that already holds nearly 20% of your company,” said Giles Baynham, Chairman. “To protect your investment, it is critical that all shareholders – regardless of the size of your holdings in Baja – carefully review the letter and vote only the GOLD proxy well in advance of the fast-approaching March 30, 2012 deadline.”