MRZ Mirasol Resources Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES 


Mirasol Resources Ltd. (TSX VENTURE:MRZ)(FRANKFURT:M8R) ("Mirasol" and the
"Company") is pleased to announce that it has entered into an agreement with a
syndicate of underwriters led by Haywood Securities Inc. and including Macquarie
Capital Markets Canada Inc. and Paradigm Capital Inc. (collectively the
"Underwriters"), to sell 3,500,000 units (the "units") of the Company at a price
of C$3.30 per unit for aggregate proceeds of C$11,550,000 (the "Offering"). A
unit will comprise one common share of Mirasol and one half of one share
purchase warrant (a "warrant"). Each whole warrant entitles the holder to
purchase one common share for a period of two years at a price of C$4.30 per
share. The common shares and warrants are collectively referred to herein as the
"Offered Securities". The Offering is subject to TSX Venture Exchange
acceptance.


The Company has granted the Underwriters the right to purchase an additional
500,000 units at C$3.30 per unit by the time of closing. 


The Company intends to use the net proceeds of the Offering to conduct
exploration activities on its 100%-held Virginia Silver Project located in Santa
Cruz Province, Argentina, for exploration and development activities at other
Mirasol properties, and for general corporate purposes.


The Underwriters will receive a cash commission equivalent to 6% of gross
proceeds raised, and a share purchase warrants ("broker warrants") of one common
share equal to 5% of the number of units, at a price of C$3.30 for a period of
two years. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. 


On behalf of the Board of Directors of Mirasol,

Mary Little

Mirasol Resources (TSXV:MRZ)
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Mirasol Resources (TSXV:MRZ)
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