September 12, 2005 10:08 ET

Mirabel Closes $298,500 Private Placement Financing

POINTE-CLAIRE, QUEBEC--(CCNMatthews - Sept. 12, 2005) - Mirabel Resources Inc. "Mirabel" or the "Company" (TSX VENTURE:RMB) is pleased to announce that is has successfully closed a private placement with ten shareholders, including two officers of the Company, raising total proceeds of $298,500. A total of 1,990,000 units were issued at a price of $0.15 per unit. Each unit consists of one share and one non-transferable warrant. Each warrant will entitle the holder to purchase one common share at $0.20 on or prior to two years from the date of closing. The securities issued in virtue of the placement will be subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded for a period of four months from the closing. Proceeds from the private placement will be used for working capital purposes and to further the development of the Corporation.

"We are very grateful for the support of our shareholders and partners. We move forward with confidence, as we prepare to commence underground operations at our Russian Kid property and are eager to showcase our patented thermal fragmentation process", stated Mr. Brisebois.

Mirabel's Russian Kid property is located north of Lake Labyrinthe, within the Dasserat Township, in close proximity to Rouyn-Noranda. Underground infrastructure from previous work includes a ramp and galleries on three different levels. The 3 underground development levels reach 150, 300 and 425 feet. Also present is a 320 foot deep shaft containing 2 compartments. A non-compliant NI43-101 internal study prepared by an engineering firm reports minerals resources of 281,133 gold ounces.

Mirabel Resources Inc., is a Canadian junior exploration company actively involved in the acquisition, exploration and development of gold projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade gold bearing quartz vein properties. A TSX-V listed company Mirabel Resources trades under the symbol RMB.

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


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