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Message: Marifil Mines Ltd.: First Drilling Results from Cerro Samenta
Marifil Mines Ltd.: First Drilling Results from Cerro Samenta

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 12, 2014) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces it has received partial drill results from its Cerro Samenta porphyry copper project in Salta Province, Argentina.

Marifil's partner, Southern Copper, completed a Phase I diamond core drill program of 8 holes totalling 2,795 meters on April 20, 2014. All drilling was done in the North Zone of the property. The holes tested a hydrothermally altered multiphase granodiorite porphyry intrusive and breccia complex. The drill hole statistics are shown in Table I, and a location map is appended.

TABLE I

HOLE ID EASTING NORTHING BEARING
degrees
DIPPING
degrees
TOTAL DEPTH
(m)
SAM 01 2590716 7245802 225 - 60 417.50
SAM 02 2590881 7245452 045 - 70 456.30
SAM 03 2591060 7245609 360 - 60 149.10
SAM 04 2590609 7245585 045 - 60 455.35
SAM 05 2590558 7245897 225 - 60 393.00
SAM 06 2590483 7246191 080 - 60 400.30
SAM 07 2590486 7246914 090 - 70 328.00
SAM 08 2590787 7246673 045 - 60 106.20

All of the drill cores (HQ size) have been sawed in half with one half sent to Alex Stewart Labs in Mendoza for assaying. The remaining core record is warehoused. The copper assay results for DDH SAM 1 & 3 are complete. Receipt of the drill core copper assay results for all the other holes are pending with the exception of DDH SAM 4 which is complete to 142.00 meters depth. Copper mineralization of various intensities is present in portions of the pending assay intervals. The drill core samples are of two meter intervals taken continuously down the hole. No assays have been received for molybdenum or precious metals. The status of the assay results for the 8 drill holes are presented in Table II. Results for only those intervals that are considered to be significant are shown.

TABLE II

DDH From (m) To (m) Interval (m) % Cu
SAM 1 (Complete) 0.00 100.00 100.00 0.15
100.00 112.00 12.00 0.35
112.00 122.00 10.00 0.16
222.00 246.00 24.00 0.31
SAM 2 0.00 456.30 456.30 Pending
SAM 3 (Complete) 4.00 10.00 6.00 0.13
92.00 102.00 10.00 0.13
SAM 4 38.00 46.00 8.00 0.13
72.00 142.00 70.00 0.19
142.00 455.35 313.35 Pending
SAM 5 0.00 393.00 393.00 Pending
SAM 6 0.00 400.30 400.30 Pending
SAM 7 0.00 328.00 328.00 Pending
SAM 8 0.00 106.20 106.20 Pending

Marifil has not yet received the requested drill hole geologic logs, the drill hole sample coordination tables, the certified assay certificates, nor a statement on drilling and sampling Quality Assurance/Quality Control from Southern Copper. Until the Company obtains this information management is not able to comment on the significance of the results so far reported herein. The remaining drilling results are expected within the next months and the Company will release them as it receives them.

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.

WE SEEK SAFE HARBOR.

General Disclaimer

Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/951504_map.pdf

Marifil Mines Ltd.
John Hite
President
(702) 562-4880
jhite@marifilmines.com

Marifil Mines Ltd.
Hugh Oswald
Investor Relations
(604) 838-2855
hoswald@marifilmines.com

Source: Marketwired (Canada) (June 12, 2014 - 9:30 AM EDT)

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