March 15, 2004

News Release: Minefinders Added to S&P/TSX Composite Index Effective March 19, 2004

Minefinders Corporation Ltd. (the 'Company') (TSX: MFL / AMEX: MFN), Mark H. Bailey, President and CEO, is pleased to report that Minefinders has been added to the S&P/TSX Composite Index and the Global Industry Classification Standard Sector - Materials, Gold, effective after the close of business on March 19, 2004.

The S&P/TSX Composite Index is used by the financial community at large as a broad indicator of market activity for the largest companies on the Toronto Stock Exchange. Minefinders is an exploration company currently focused on completing a bankable feasibility study on its Dolores Project, an advanced gold-silver deposit, located in Chihuahua, Mexico. The Company also has active exploration drill programs on several promising mineral prospects in Sonora, Mexico. The Company is well funded, with more than $57 million in treasury, to carry out its exploration and development programs.

On Behalf of the Board of Directors

MINEFINDERS CORPORATION LTD.

'Mark H. Bailey'

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 relating to the exploration and development of the Company's mineral properties are forward-looking statements within the meaning of the United States Private Securities Litigation Act of 1995. These forward looking statements are subject to a variety of risks and uncertainties which could cause actual events to differ materially from those reflected in the forward-looking statements, including the uncertainties related to estimated costs of exploration activities on the Company's Dolores Project, risks related to exploration programs on the Company's Dolores Project, uncertainty that the Dolores Project can be commercially exploited, and other 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. 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.

Minefinders Corporation Ltd. Mark H. Bailey President and Chief Executive Officer (604) 687-6263 (604) 687-6267 (FAX) Website: www.minefinders.com



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