Marifil Mines Ltd. Announces Termination of Assignment and Purchase Agreement With Netco Silver Inc.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/27/12 -- Marifil Mines Ltd. (TSX VENTURE: MFM) ("Marifil" or the "Company") announces that the assignment and purchase agreement dated September 29, 2012 with Netco Silver Inc. ("Netco"), whereby the Company agreed to sell all of the interest in the Toruel copper-silver project to Netco, has been terminated.

On Behalf of the Board of Directors,

John Hite, President

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (www.sedar.com) or at Marifil's Website (www.marifilmines.com).

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.

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Contacts:

Marifil Mines Ltd.

John Hite

President

702.562.4880
info@marifilmines.com
www.marifilmines.com


Ascenta Capital Partners Inc.

Hugh Oswald

Investor Relations

604.684.4743 ext. 243 or Toll Free: 1.866.684.4743 ext. 243
hugh@ascentacapital.com