Marifil Mines Ltd.

Marifil Mines Ltd.

February 19, 2008 14:26 ET

Marifil Mines Retains Ascenta Capital Partners Inc. for Investor Relations Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Marifil Mines Ltd. (TSX VENTURE:MFM) is pleased to announce it has retained Ascenta Capital Partners Inc., of Vancouver, British Columbia, to provide investor relations services.

Ascenta will receive a monthly retainer of $6,500 for a 12-month term, subject to termination by either party with 30 days written notice. Marifil will also issue, as compensation to Ascenta, an option to purchase 200,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$0.42 per share. The options are subject to regulatory approval.

About Marifil Mines Ltd.

Marifil is a Canadian resource exploration company focused on the exploration of precious and base metals in Argentina. The company has built an impressive portfolio of approximately 20 properties, several of which show bonanza grade gold and silver values. Other properties contain bulk tonnage precious and base metal targets. Marifil has an aggressive exploration year planned with three active joint venture properties, two NI 43-101 resource calculations underway and assays expected from multiple properties.

About Ascenta Capital Partners Inc.

Ascenta is a leading provider of investor relations services to public companies in Canada. Since 2000, Ascenta has been assisting public companies with investor relations and corporate communications. Its team has worked for companies ranging from micro and midcap resource and technology companies to Fortune 500 multinationals.

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

Contact Information