Marifil Mines Ltd.
TSX VENTURE : MFM

Marifil Mines Ltd.

August 08, 2006 08:00 ET

Marifil Announces Non-Brokered Private Placement

SPOKANE, WASHINGTON--(CCNMatthews - Aug. 8, 2006) - MARIFIL MINES LTD. (TSX VENTURE:MFM) announces it has arranged a non-brokered private placement of up to 2,000,000 units at a price of C$0.60 per unit. Each unit comprises one Common Share and one-half Warrant. The shares will have a four-month hold period. One full Warrant can be used to purchase a second Common Share at a price of $0.75 for a period of one year.

No finders' fees are payable in connection with this transaction. Proceeds from the placement will be used for general working capital.

The above is subject to regulatory approval.

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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