Category: Uncategorized
June 16th

Marifil Acquires 100,000 Hectares of Potash Lands

Marifil Acquires 100,000 Hectares of Potash Lands

Drill Hole Data Suggests Good Probability of High Grade Potash

Marifil Mines Ltd. (TSX - VX: MFM, OTCBB_Pink_Sheets: MFMLF), announces that an ongoing exploration program for potash in the Neuquen Basin in Argentina resulted in identification of two potash horizons from electric logs from an abandoned oil well drill hole.

Analysis of electric logs from this 1996 hole suggests that there are two potassium horizons as follows: an Upper Horizon from 1303 m to 1314 m followed by a Lower Horizon from 1314 m to 1323 m. The Lower Horizon is of higher grade as in Rio Tinto\'s nearby Rio Colorado mine and can be estimated at 15-20% K2O; the grade of the Upper Horizon is estimated to run between 5 to 15% in K2O. Rio Tinto\'s Rio Colorado mine has a geologic resource of two billion tons of KCl. KCl is the chemical composition of the mineral sylvite, which is highly soluble in water.

Based on this analysis the Company has staked 100,000 hectares and is now planning to conduct a NI 43-101 study of this exciting new prospect. The Company owns 100 percent of this new project.

Mr. John Hite reports, \"The focus of this Company is to build value in Argentina. Recently we acquired some land with potash potential and quickly sold it to Latin American Potash, which in turn was acquired by Allana Resources. We immediately began a program to discover additional resources. This new discovery is just the second from an on going non-metallic program for coal, sulfur, potash, limestone, and phosphate. In keeping with our business plan, the Company intends to farm out or joint venture this property.\"

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.

For further information regarding Marifil Mines Ltd., please refer to the Company\'s filings available on SEDAR www.sedar.com or at Marifil\'s Website www.marifilmines.com.
Head Office:
John Hite, President
Phone: 509.466.1505
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.marifilmines.com

Investor Relations:
Anthony Srdanovic, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 242
Toll Free: 1.866.684.4743 ext. 242
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Source: Marifil Mines Ltd. (MFM - TSX-V) (MFMLF - Pink Sheets) http://www.marifilmines.com