Source: http://bit.ly/Wd0pgChttp://

VANCOUVER, B.C. -- OCTOBER 12, 2012, MARIFIL MINES LTD. (TSX-V: MFM) ("Marifil" or "the Company") is happy to announce that it has resumed operatorship of the Las Aguilas property. Marifil and Prophecy Platinum Corp. (TSX-V: NKL) have terminated their Joint Venture earn-in option on the Las Aguilas property, San Luis Province, Argentina.

Marifil has begun discussions with an Argentinean company that is interested in forming a partnership to develop the property.

John Hite, President of Marifil, comments: "While we are disappointed that Prophecy Platinum has elected not to move forward with Las Aguilas, we remain excited about the property and the opportunity to form a new partnership. Since Las Aguilas has a 43-101 (Wardrop Engineering) indicated plus inferred resources containing a minimum of 18,871 tonnes of copper, 18,796 tonnes of nickel, 1,381 tonnes of cobalt and 1,222,670 ounces of platinum plus palladium, we remain encouraged about its near-term development possibilities. We look forward to partnering with a company that will focus on expanding this resource and engaging in mine development, and are confident in the project's potential."

For more information on the Las Aguilas property, please visit Marifil's website or Marifil's May 11, 2011 news release.

On Behalf of the Board of Directors,

John Hite

President