Marifil Mines Ltd. (TSXV: MFM), a Canadian-based exploration company, focuses on Argentina, home of some of the world's most prolific recent discoveries. By strategically focusing on high-potential joint venture opportunities, Marifil has been able to develop a diverse portfolio of an impressive range of properties, including several with bonanza grade gold, silver, copper and indium values. The company has a massive land position of 20 properties, totaling more than 400,000 hectares within nine provinces of Argentina.

Marifil's business model is to locate and develop economic mineral deposits and then strategically, spin out, sell or joint venture with a major mining company for the development of the resource. Marifil has successfully implemented this model on several projects with five projects currently under contract.

Marifil's projects are highlighted by the San Roque project in the Rio Negro province. San Roque is a large, bulk mineable, lead-zinc-silver-gold-indium mineral deposit measuring three to four kilometers in diameter. The company has also recently acquired NI 43-101 reports on two of its lithium projects.

MARIFIL MINES LTD.: PROJECT SUMMARY UPDATE

Rio Negro Province

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• Toruel: Silver-Gold-Copper in Epithermal Breccias
• Los Menucos (Somuncura Project): Epithermal Gold-Silver deposits in Jurassic Volcanics
• Punta Colorado (Sierra Grande): Cement grade limestone
• San Roque: Epithermal Gold-Silver

San Luis Province

• Las Aguilas: Nickel-Copper-PGE in Layered Ultramafic Complex

Neuquen Province

• K-1 Project: Potash
• K-2, K-3, K-4 Project: Potash
• Codihue: Sulfur

Santa Cruz Province

• Maipu: Silver- Zinc in Jurassic Breccia

Chubut Province

• APG: Epithermal Gold-Silver
• Ferrocarillera (Minas Lago Fontana): Epithermal Gold-Silver-Base Metals
• Mina El Carmen : Oil and Gas target

Catamarca Province

• Catamarca: Lithium

John B. Hite
Position: President & Director
Mr. Hite is a Registered Geologist with significant experience in the junior mining industry, having worked as a geologic consultant since August, 1978, and is a Qualified Person as defined in National Instrument 43-101. Previously he was a Director and President of East Asia Gold Corp.

     
Richard R. Walters
Position: Exec. Vice President & Director
Mr. Walters is a certified professional geologist with the American Institute of Professional Geologists and is a Qualified Person as defined in National Instrument 43-101. He was a Director, Chief Operating Officer and Executive Vice President of Yamana Resources Inc., (TSE) between December 1994 and March 2000. Since July 2003, he has been a Director and President of Little Squaw Gold Mining Company (NASDAQ OTC BB).

     
Daniel Buffone
Position: President, Marifil S.A. & Director
Mr. Buffone, an Argentine born and trained geologist, was a founder of Marifil S.A. and may be considered a promoter of the Corporation within the meaning of applicable securities legislation.

     
Matthew Fowler
Position: Chief Financial Officer
Mr. Fowler has six years of investment, corporate finance and Securities and Exchange Commission accounting experience. He has raised institutional capital for private equity investments, invested in numerous private equity transactions and drafted and finalized SEC and Toronto Stock Exchange (TSX) documents for publicly listed companies. He also serves as Senior Consultant with Sharp Executive Associates, Inc., an international financial consultancy assisting private, SEC and TSX listed public companies with their accounting and regulatory compliance needs.

     
Greg Burnett
Position: Director
Mr. Burnett has a Masters of Business Administration and a Bachelor of Applied Science in Civil Engineering, and has extensive experience acting as president of Carob Management, a business development consulting company.

     
John W. Pearson
Position: Director
Mr. Pearson holds a H. B.Sc. in Geology and is an Investor Relations Executive with over 26 years experience in the mining industry. Currently, he is Centerra Gold Inc.'s Director of Investor Relations. Previously, he was the executive in charge of Investor Relations at Stillwater Mining Company, SouthernEra Resources Limited, Pegasus Gold Inc., LAC Minerals Ltd., and Canamax Resources.

     
William Schara
Position: Director
Mr. Schara is Chief Financial Officer of Minera Andes Incorporated. A certified public accountant, he has more than 21 years accounting and financial experience including ten years in the mining industry, much of it focused in South America. Previously, he was Vice President of Finance and Chief Financial Officer for Yamana Resources Inc. (now Yamana Gold), where he assisted in raising more than US$50 million in various financings. He was CFO of Yamana when the company placed a primary silver mine in production in Argentina in the late 1990s.

Thu Feb 16, 2012
Share Structure

Trading Symbol: TSX: MFM
Standard & Poor's Listed
Issue Share Capital: 61,300,000
Warrants: 1,935,500
Options: 4,762,500
Fully Diluted Share Capital: 67,998,448