Minefinders Corporation Ltd.
TSX : MFL
NYSE Amex : MFN

Minefinders Corporation Ltd.

September 29, 2009 09:37 ET

Minefinders Closes C$66 Million Bought Deal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2009) - Minefinders Corporation Ltd. ("Minefinders" or the "Company") (TSX:MFL)(NYSE Amex:MFN) today reported that the Company has closed its previously announced C$66,030,000 bought deal offering (the "Offering") in which a syndicate of underwriters purchased 6,200,000 common shares (the "Common Shares") from Minefinders for sale to the public at a price of C$10.65 per Common Share. The Company has granted the underwriters an option, for a period of 30 days following the closing of the Offering, to purchase up to an additional 900,000 Common Shares of the Offering to cover over-allotments.

The lead underwriters for the offering were BMO Capital Markets and Scotia Capital Inc. with an underwriting syndicate that also included Salman Partners Inc.

The gross proceeds of the offering were $66,030,000. The Company intends to use the net proceeds of the offering for debt repayment, continued development of the La Bolsa property, future expansion and mill construction at the Dolores Mine and general corporate purposes.

A final prospectus supplement to the previously filed final base shelf prospectus setting out the details of the offering has been filed with the United States Securities and Exchange Commission and certain securities commissions in Canada and is available on www.sedar.com and www.sec.gov. A copy of the final prospectus supplement may be obtained upon request by contacting Investor Relations at BMO Capital Markets, Distribution Department, 1 First Canadian Place, B2 Level, Toronto, Ontario, M5X 1H3 (tel: 416-363-6996 x224), or in the United States from BMO Capital Markets Corp., Attention: Lori Begley, 3 Times Square, 27th Floor, New York, New York, 10036 (tel:212-885-4039).

About Minefinders

Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. The Company continues its exploration efforts on other prospective projects in Mexico to build a quality pipeline of precious metals projects for future growth.

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