MFM Marifil Mines Ltd

MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") would like to
update its shareholders on plans for 2014. 


The past year has been difficult for the Company amidst the collapse of the
junior mining sector and declining metal prices. Major mining companies have
become reluctant to take on new projects, making it difficult for Marifil to
find partners for its numerous properties in Argentina. However, the Company
does see bright spots for the coming year. The investment climate shows signs of
a turn-around, and the Argentina Government is relaxing restrictions on imports
of mining equipment. A settlement was recently announced between Argentina and
Repsol over the previous expropriation of YPF shares and congressional elections
hint at a return to a more balanced government approach to the nation's economic
management. 


Additionally, the Company is optimistic about the future of its projects. Grid
drilling is nearly completed at Marifil's Punta Colorada tidewater cement-grade
limestone project, with the hope of generating a 43-101 compliant resource. This
drilling program should conclude before the end of December and assay returns
are expected to be completed by February. Geologic mapping and prior drilling
has established that a large quantity of shallow, flat-lying beds of limestone
exist. If sufficient quality of limestone is proven, Marifil would embark on
market studies with anticipation of attracting a financing partner to initiate
production.


Marifil's joint venture partner Southern Copper Corporation (NYSE:SCCO) (see May
29 2013 News Release) is actively exploring the Cerro Samenta porphyry copper
project. This property is located in the north of Argentina close to the Chilean
boarder within a well-recognized structural belt of world-class copper-gold
deposits including La Escondida, the largest porphyry copper deposit in the
world. During 2013 Southern Copper invested more than US$500,000 examining the
property, including surface exploration work, and property payments and applied
to the Mines Department for permits for drill access roads and drill sites.
Marifil expects drilling to be undertaken during 2014, and foresees that due to
the magnitude of the target any positive results could noticeably change the
investment complexion of the Company. 


Several companies have expressed interest in Marifil's San Roque
gold-silver-lead-zinc-indium deposit located on Argentina's South Atlantic
coast. Recently, NovaGold has, as a result of its own corporate re-structuring,
proposed selling its 49% equity in San Roque back to Marifil for $500,000. More
than $7 Million has been spent on exploration of this property, which includes
108 drill holes. The Company believes it will be easier to market San Roque
should it regain 100% control of the property. The extensive San Roque base and
precious metal sulfide system is wide open to expansion and possible discovery
of higher metal grades than currently known by continued drilling. It hosts a
target rich environment exemplified by coincident soil and geophysical anomalies
on projected extensions of known mineralized features. 


Mr. John Hite remarks, "We would like to thank our loyal shareholders for their
support throughout the past difficult year. As 2014 approaches we are optimistic
about the future. Management is focused on securing active partners for all of
our projects, and also working to spin out our fertilizer properties into
another entity. We are working hard to move the Company forward and look forward
to a productive new year."


On behalf of the Board of Directors,

John Hite, President

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 .) 


FOR FURTHER INFORMATION PLEASE CONTACT: 
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
www.marifilmines.com

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