Marifil Mines Ltd.

Marifil Mines Ltd.

October 12, 2012 15:20 ET

Marifil Resumes Operatorship of Las Aguilas

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2012) - Marifil Mines Ltd. (TSX VENTURE:MFM) ("Marifil" or "the Company") is happy to announce that it has resumed operatorship of the Las Aguilas property. Marifil and Prophecy Platinum Corp. (TSX VENTURE:NKL) have terminated their Joint Venture earn-in option on the Las Aguilas property, San Luis Province, Argentina.

Marifil has begun discussions with an Argentinean company that is interested in forming a partnership to develop the property.

John Hite, President of Marifil, comments: "While we are disappointed that Prophecy Platinum has elected not to move forward with Las Aguilas, we remain excited about the property and the opportunity to form a new partnership. Since Las Aguilas has a 43-101 (Wardrop Engineering) indicated plus inferred resources containing a minimum of 18,871 tonnes of copper, 18,796 tonnes of nickel, 1,381 tonnes of cobalt and 1,222,670 ounces of platinum plus palladium, we remain encouraged about its near-term development possibilities. We look forward to partnering with a company that will focus on expanding this resource and engaging in mine development and are confident in the project's potential."

For more information on the Las Aguilas property, please visit Marifil's website or Marifil's May 11, 2011 news release.

On Behalf of the Board of Directors,

John Hite, President

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR ( or at Marifil's Website (

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

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