Marifil Mines Ltd.
TSX VENTURE : MFM

Marifil Mines Ltd.

January 31, 2007 07:00 ET

Marifil Acquires Amarillo Norte Gold Property

SPOKANE, WASHINGTON--(CCNMatthews - Jan. 31, 2007) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces it has acquired the 3,000 hectare "Amarillo Norte" property in San Juan Province, Argentina. The property lies within the prolific Veladero Gold Belt about five kilometers north of Marifil's Amarillo property, which was recently the subject of a joint-venture agreement with ATW Venture Corp. (see Marifil & ATW news release of December 12, 2006).

Amarillo Norte is situated about six kilometers south of National Highway 15, one of the main routes between San Juan Province and neighboring Chile, providing access to the property.

Satellite imagery over the property reveals a large central core of argillic and alunitic alteration surrounded by a very large hematitic halo. The argillic and alunitic clays are believed to represent hydrothermal alteration and the hematitic halo is reflecting weathering of a pyrite halo.

Said Marifil's Executive Vice President, Richard Walters, "Fundamentally, any large altered area in a gold belt such as this constitutes an important exploration target and we look forward to giving it a closer examination".

The Company is planning a geologic mapping and sampling program to commence as soon as possible.

Marifil Mines (TSX VENTURE:MFM) is a Canadian resource exploration company with an aggressive strategy, focused on exploring for precious and base metals in Argentina, home of some of the world's most prolific recent discoveries. The Company has built an impressive portfolio of approximately 20 properties, including several showing bonanza grade gold and silver values. Other properties contain bulk tonnage precious and base metal targets.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Executive Vice President, under whose directions the exploration program will be being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

Forward-Looking Statements:

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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