Mirasol Signs Agreement for the Sale of a Portfolio of Copper Projects in Mendoza, Argentina

“The sale of our prospective Mendoza Portfolio of copper projects is another step in our ongoing business development initiatives to advance our non-core assets in our portfolio of projects in Argentina and Chile,” Mirasol’s President Tim Heenan stated. “Argentina Metals has the capacity and the determination to advance these projects, and our significant shareholdings ensure we participate in their success.”

Terms of the Mendoza Portfolio Purchase Agreement

Under the terms of the Agreement, Mirasol shall grant Argentina Metals 100% interest in the Mendoza Portfolio of grassroots projects for total consideration of (i) a cash payment of US$50,000 (ii) 433,333 common shares without par value in the capital of Argentina Metals on closing, (iii) 433,333 Shares on the registration of the transfer of the Properties with the Dirección de Minería de la Provincia de Mendoza, and (iv) 433,334 Shares at the earlier of one year from closing or on Argentina Metals’ common shares being listed on a recognized Canadian stock exchange. Should the Public Listing not occur within one-year of closing, the Mendoza Portfolio of properties shall be returned to Mirasol in exchange for the return of the Shares and one-half of the cash payment.

About Mirasol Resources Ltd

Mirasol is a strategically positioned exploration company with over 20 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is currently self-funding exploration at the flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while continuing to advance a strong pipeline of highly prospective early and mid-stage projects.

For further information, contact:

Tim Heenan, President & CEO
or
Troy Shultz, Vice President Investor Relations

Tel: +1 (604) 602-9989
Email: contact@mirasolresources.com
Website: www.mirasolresources.com