Richard R. Walters, Exec. Vice President & Director and John Hite, President and Director at the New Orleans Investment Conference

Marifil Mines Ltd. is a Canadian-based exploration company that operates solely in Argentina.

“We are very widely diversified there,” says John Hite, President and Director, Marifil Mines Ltd.

Mr. Hite lists the types of properties that are in their diversified portfolio:

• Precious Metals Properties: Gold, Silver and Platinum
• Base Metal Properties: Copper, Lead, Zinc and Molybdenum
• Industrial Mineral Properties: Lithium
• Fertilizers: Sulphur, Potash and Phosphate
• Oil and Gas

Diversification Provides Economic Stability

“If you think the economy is going south, buy us for our gold and silver. If you think the economies are going to boom in the world, then buy us for our base metals. If you believe that people always have to eat, then buy us for our fertilizer. We’ve got 3 or 4 legs under our stool here.”

Mr. Hite adds that potash is a key component of their portfolio. “In K2, we have good reason to believe there are 200 million tons of potash recoverable by underground solution mining. Potash today is worth about $450 a ton. If you multiply those you’re getting a very, very big number,” he explains. That “very, very big number” is actually, $90 billion.

Marifil has added two new potash properties in the past year, K3 and K4. “We’ve identified serious potash occurrences on both of those properties as well,” exclaims Mr. Hite.

Adding to Marifil’s diversification, Mr. Hite continues, “As an outgrowth of our potash exploration, we discovered phosphate. Phosphate again is an important resource for fertilizer. We’re right next door to Brazil, which is one of the largest agricultural countries in the world.”

“So, the fertilizer part of our business is going to be extremely important to us and we are right now really undervalued in terms of these commodities.”

Economic Boom or Bust

Marifil’s San Roque project in Rio Negro Province, Argentina, has both base and precious metals. So, to use the words of Mr. Hite, “If the economy is going bad, we have gold and silver; if the economies are booming, we have base metals.”

Marifil formed a joint venture partnership with NovaGold Resources Inc. for the San Roque project in 2010. To date, NovaGold has spent nearly $3 million and is earning a 49% interest. By committing to a Phase 2 program and spending an additional $6 million over the next 2 years, NovaGold can bring its total interest to 70%. NovaGold will also pay Marifil $100,000 per year.

“We will match them 70/30,” explains Mr. Hite. “However, if they fail to spend all of the $6 million they revert back to 49%. But we think they’ve done a lot of good drill results recently and we have every confidence that they’ll continue to drill. They just finished their second drill program and we understand that they may be planning a third drill program to begin in January.”

Continuing to list Marifil’s projects, Mr. Hite states, “We’ve farmed out our Toruel project, which is a high grade vein system with values up to 5% copper and 2,000 grams per ton silver.” Netco Silver Inc., Marifil’s joint venture partner for the project, has told Mr. Hite that they will start drilling in the near future.

Marifil also recently acquired two new gold projects, Dos Lagunas and Maquinchao.

Dos Lagunas is just North of Toruel. Mr. Hite, a registered geologist, sees good potential in Dos Lagunas. He thinks, “something North of 100,000 ounces of gold; right on surface; fairly shallow.”

As for Maquinchao, Mr. Hite’s expert opinion is, “it looks like it has good potential to be a small, but fairly high grade gold target.”

Mr. Hite adds to the list of projects with their lithium property up in Salta Province. Marifil is still looking for a partner for this project. Mr. Hite explains, “These are really important targets because the barrier to entry is low on these. You can build a lithium plant for about $60 to $80 million and get a very nice cash flow.”

“Lastly, we just picked up a property called Cerro Samenta, which is near our lithium property. We think there is good potential there for about 40 million tons of oxide copper right on surface at a grade of about half a percent.”

Market Structure

Discussing Marifil’s current market structure, Mr. Hite points out that they have no debt: “Right now we have about $1.7 million in the bank. We have another $150 to $200,000 in marketable securities from various joint venture partners and no debt! We have 62 million shares outstanding right now and about 72 million fully diluted. We’re not planning on doing any major financing in the near future.”

Why Should You Invest in Marifil?

When asked why investors should consider Marifil, Mr. Hite is quick to respond, “Safety, stability, other people’s money.” He continues, “We think that Argentina is one of the best venues to work in in Latin America. We’re widely diversified in terms of commodities. Again, we have precious metals, we have base metals, we have industrial minerals, and we also have cement-grade limestone and a small oil and gas property, and finally our fertilizer minerals.”

Success with Other People’s Money

“We’re really good explorers, so that’s what we’re going to stick with,” Mr. Hite proclaims. “Our [business] model is find these things then put a little value-added in and find a partner to spend the big bucks for us. The key is using other people’s money, and that is a way to protect our investors.” Marifil currently has six projects under contract with joint venture partners.

http://www.marifilmines.com/

Corporate Headquarters:

Address:          #605 - 475 Howe Street

Vancouver, BC

Canada V6C 2B3

Telephone:       702-562-4880 / 509 999-7952

            Argentina Office:

Address:          Barrio Jardin de los Andes

Manzana 1, casa 17

Las Heras, Mendoza

Argentina 5500

Telephone:       549-261-444-2593

            Investor Relations: Hugh Oswald

Email:  hugh@ascentacapital.com

Telephone:       604.684.4743 ext 243