MFX Minfocus Exploration Corp

Minfocus Exploration Corp. (TSX VENTURE:MFX) ("Minfocus") announces it has been
advised that Sasco Partners LP ("Sasco") has reported that, during the month, on
or before December 31st, 2012, it completed the private sale of 5.0 million
shares of its holdings in Minfocus at a price of $0.035 per share ("Sasco
Shares") as part of their year-end tax-loss selling program. The 50-day moving
average price of Minfocus shares traded, as of December 31, 2012, was $0.036 per
share and a total volume of 170,000 Minfocus shares were traded on the TSXV for
the month of December.


In January 2012, Sasco subscribed for 6.0 million units of Minfocus in the
private placement carried out concurrently with the completion of the Qualifying
Transaction of Minfocus on the TSXV. Sasco now holds a remaining 1.0 million
shares in Minfocus and 3.0 million share purchase warrants.


Further to the sale of the Sasco Shares, Minfocus advises that it has been
reported that two Minfocus Directors were purchasers of a total of 2.0 million
of the Sasco Shares sold. The other shares were purchased by non-insiders of
Minfocus.


About Minfocus Exploration Corp.

Minfocus Exploration Corp. is a Canadian company currently focused on the
continued growth of a portfolio of Platinum Group Element ("PGE") rich resource
assets through exploration, acquisitions and joint ventures in Northwest
Ontario, Canada, which is one of the most stable mining districts in the world
with global class PGE deposits. Minfocus has a distinguished management group
with a record of multiple discoveries of deposits worldwide, and more than 15
years experience and success exploring for PGE-rich resources in Ontario,
including the discovery of the first Platinum-rich PGE deposit, the Panoramic
Resources' Current Lake deposit (+700,000 oz Pt-Eq). The Minfocus management
group also has extensive strength and success in corporate development, M&A and
project development, which together with its technical prowess is aimed at
delivering growth in shareholder value through a balanced strategic approach.


This press release includes certain forward-looking statements concerning the
future performance of the Company's business and operations as well as
management's objectives, strategies, beliefs and intentions. Forward-looking
statements are often identifiable by the use of words such as "may", "will",
"might", "would", "plan", "believe", "expect", "anticipate", "intend",
"estimate", "scheduled", "forecasts" and similar expressions or variations
(including negative variations) of such words and phrases. Forward-looking
statements are based on the current opinions and expectations of management, and
are subject to a number of risks and uncertainties that may cause actual
results, performance or achievements of the Company to be materially different
from those currently anticipated by such statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, the possibility that future exploration results will not be
consistent with the Company's expectations, fluctuating commodity prices, delays
in commencing the Company's proposed drilling program, exploration costs varying
significantly from estimates, the availability of financing, and other risks
identified in the Company's documents filed with the Canadian securities
regulatory authorities at www.sedar.com. Any forward-looking statement speaks
only of the date on which it is made, and except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Minfocus Exploration Corp.
Kenneth de Graaf
Senior Vice President
(416) 232-0025

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