VANCOUVER, B.C. -- SEPTEMBER 2, 2011, MARIFIL MINES LTD. (MFM: TSX-V) ("Marifil" or "the Company") announces that the sales agreement with Renholn International (Renholn) for the Company's lithium properties in Catamarca and Jujuy Provinces, Argentina has terminated.
Renholn signed a sales agreement over one year ago and then subsequently signed a joint venture agreement with Obtala Resources (Obtala). Neither Renholn nor Obtala ever carried out work on the properties other than two brief property visits by consultants.
Marifil considers these properties to have considerable potential. We have a NI 43-101 report recommending a large work program and our sampling shows the presence of lithium. Our lithium properties are in the Altiplano-Puna Plateau covering parts of Argentina, Chile, and Bolivia. This plateau contains over 50% of the worlds lithium and is a major lithium province with numerous advanced lithium projects near the Company's properties.
The Company is acquiring additional lithium claims and will be seeking a new sale or joint venture for these properties.
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. Walters is a Qualified Person as defined by National Instrument 43-101.
WE SEEK SAFE HARBOR.
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.
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.
The TSX Venture Exchange does not accept 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.)
Contacts: John Hite, President (702) 562-4880
Hugh Oswald, Investor Relations, email@example.com Vancouver, B.C. (604) 684-4743 ext. 243
|Teléfono||702-562-4880 / 509 999-7952|
|Dirección||605 - 475 Howe Street Vancouver, BC Canada V6C 2B3|
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