Minefinders Corporation Ltd.

Minefinders Corporation Ltd.

December 19, 2007 11:57 ET

Minefinders Closes $50 Million Revolving Credit Facility With Scotia Capital

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Minefinders Corporation Ltd. (the "Company") (TSX:MFL)(AMEX:MFN) has reached an agreement for a US$50 million revolving three year term credit facility provided by Scotia Capital, a subsidiary of The Bank of Nova Scotia, one of Canada's largest chartered banks.

Mark Bailey, President and CEO, said, "The ability to access additional working capital will help to accelerate the future growth of the Company. In combination with our existing treasury, we are well funded through the commissioning of our Dolores Mine and to proceed with future development plans at Dolores shortly thereafter. We are pleased to have secured access to this capital at competitive rates without hedging requirements or shareholder dilution."

Under the terms of the credit facility, US$17.5 million was immediately available at closing with an increase to US$35 million on the submittal for registration of certain security documents in Mexico. The available credit will further increase from US$35 million to US$50 million subject to, among other items, the completion of an updated reserve statement and mine plan for the Dolores Mine, expected by early January.

The credit facility supplements the Company's cash and cash equivalents, which totalled US$32.1 million as of November 8, 2007.

About Minefinders

Minefinders is a precious metals mining and exploration company. The company is in the final stages of building the multi-million ounce Dolores gold and silver mine in Mexico. The mine is expected to have a 15-year life as an open pit mine with additional potential as a high-grade underground mine in the future. The Company continues its exploration efforts on several other prospective projects in Mexico to build a quality pipeline of precious metals projects for future growth.


Mark H. Bailey, President and Chief Executive Officer

Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: Statements in this release that are forward-looking, including statements relating to the timing of the commencement and completion of the construction of, and the commencement of production from, the Dolores mine, the anticipated costs related to the Dolores mine, the adequacy of the capital and anticipated expenditures for working capital and exploration, and other statements that are based on the estimates, projections and expectations of management are subject to various risks and uncertainties concerning the specific factors identified above and in the Company's periodic filings with the Ontario Securities Commission and the U.S. Securities Exchange Commission ("SEC"). Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

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