Marifil Mines Ltd.
TSX VENTURE : MFM

Marifil Mines Ltd.

February 22, 2011 09:00 ET

Marifil Mines Ltd.: Exercise of Warrants and Options Brings $633,704

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") is pleased to announce that it has recently received $633,704 from the exercise of warrants issued in past private placements and the exercise of options held by officers and directors of the Company.

All proceeds from warrants and options exercised are being used to acquire new properties in Argentina, to develop our existing mineral properties, and for general working capital purposes.

About Marifil Mines, Ltd.:

Marifil Mines is a Canadian resource exploration company with an aggressive strategy, focused on exploring for and acquiring attractive mineral properties solely in Argentina, home of some of the world's most prolific recent mineral deposit discoveries. The Company has built an impressive portfolio of 20 commodity diversified mining properties, including several showing bonanza grade gold and silver values. Other properties include bulk tonnage precious and base metal targets, and targets for potash, lithium, sulfur and limestone.

Marifil's business model is to enhance its properties through focused early stage exploration, and then employ joint ventures with other mining companies to pay for the risk of further improvements in order to leverage value for its shareholders.

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).

WE SEEK SAFE HARBOR.

General Disclaimer

Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

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.

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

Contact Information