Vancouver, B.C. - March 28, 2012 - Pan American Silver Corp. (TSX: PAA; NASDAQ: PAAS) ("Pan American") and Minefinders Corporation Ltd. (TSX: MFL; NYSE/AMEX: MFN) ("Minefinders") are pleased to announce that the Ontario Superior Court of Justice has issued a final order approving the previously announced statutory plan of arrangement (the "Arrangement") between Minefinders and Pan American under the Business Corporations Act (Ontario). Pursuant to the Arrangement, Pan American will acquire all of the issued and outstanding common shares of Minefinders. As previously announced, on March 26, 2012, Minefinders and Pan American both received the required levels of approval of their respective securityholders at their special meetings held in connection with the Arrangement.
Subject to the satisfaction or waiver of all conditions to the Arrangement, Pan American and Minefinders expect the Arrangement to be effective on or about Friday, March 30, 2012.
Registered shareholders of Minefinders will be required to submit their certificates representing common shares of Minefinders together with a letter of transmittal to Kingsdale Shareholder Services Inc. prior to receiving the consideration to which they are entitled upon completion of the Arrangement. Minefinders shareholders with questions about the process to submit their certificates may contact Kingsdale toll-free at 1-877-657-5859. Outside of North America, please dial 416-867-2272, or email email@example.com.
About Pan American
Pan American's mission is to be the world's largest low-cost primary silver mining company by increasing its low-cost silver production and silver reserves. It has seven operating mines in Mexico, Peru, Argentina and Bolivia. Pan American also owns the Navidad project in Chubut, Argentina, and is the operator of the La Preciosa project in Durango, Mexico. For more information about Pan American, please visit Pan American's website at www.panamericansilver.com.
Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. For more information about Minefinders, please visit Minefinders' website at www.minefinders.com.
Pan American's Information Contact
Manager, Investor Relations
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