Marifil Mines Ltd.

Marifil Mines Ltd.

July 21, 2005 09:16 ET

Marifil Adds Mining Consultant Dr. Hugo Bastias

SPOKANE, WASHINGTON--(CCNMatthews - July 21, 2005) - MARIFIL MINES LTD. (TSX VENTURE:MFM) announces that it has entered into a contract, through its wholly owned subsidiary Marifil S.A., with Dr. Hugo Bastias wherein Dr. Bastias will provide consulting services to the Company. The Company will pay Dr. Bastias a consulting fee of $US200 per day with a minimum of 15 days per month and will issue a bonus of 100,000 common shares to Dr. Bastias. The agreement is subject to TSX Venture Exchange approval.

Dr. Bastias is a prominent consulting geologist in Argentina and has worked for a number of companies including Falconbridge Limited where he participated in developing the large Pachon porphyry copper deposit. He was also an exploration manager for Argentina Gold Corp. and was involved in the initial exploration work on the world class Veladero gold deposit. Most recently Dr. Bastias was Business Manager for MIM from 1992 to 2003.

About Marifil Mines Ltd.: Marifil Mines Ltd. is a Canadian resource exploration company with an aggressive strategy focused on exploring for precious and base metals targets in Argentina. The Company has an impressive portfolio of 21 properties including several containing bonanza grade gold and silver values and others with bulk tonnage precious and base metal targets. Marifil's highly skilled and experienced board and management team is committed to creating value for its shareholders by continuing to build a portfolio of properties of merit and then using joint ventures to advance these properties to the development stage.

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

Contact Information

  • Marifil Mines Ltd.
    John B. Hite
    (509) 466-1505
    Marifil Mines Ltd.
    Greg W. Taylor
    Investor Relations
    (905) 337-8475