Ms. Mary Little reports

MIRASOL COMMENCES REVERSE CIRCULATION DRILL PROGRAM AT THE 100%-OWNED TITAN GOLD PROJECT, CHILE

Mirasol Resources Ltd. has started an initial drill program at its 100-per-cent-owned Titan gold project in the Miocene belt of northern Chile. Mirasol has planned a 15-hole, 2,500-metre reverse circulation drill program to test a range of outcropping oxide gold targets and covered geophysical targets identified by Mirasol's exploration at this new gold project.

Mirasol previously reported a large, low-grade, surface oxide gold anomaly (news release dated Jan. 21, 2013) defined by trenching at Titan, in addition to a series of covered geophysical anomalies (news release March 1, 2013) which are outlined by detailed ground magnetics and a 26.6-line-kilometre pole-dipole (PDP) induced polarization (IP) electrical geophysical survey.

At surface, the Titan gold mineralization is associated with a large zone of intense high-level advanced argillic alteration, indicative of a high sulphidation epithermal (HSE) precious metal system. HSE deposits have produced a number of world-class bulk-minable gold and silver mines in the Miocene-age volcanic belt of northern Chile and Argentina (La Coipa, Veladero, Refugio), and represent an attractive exploration target. Favourable access and workable altitudes of approximately 4,300 metres have facilitated Mirasol's ability to rapidly advance the Titan project to drill stage.

Mirasol's trenching program at Titan outlined a 700-by-660-metre open-ended zone of anomalous gold (at plus 50 parts per billion), with length-weighted average channel intersections of up to 194 metres at 0.41 gram per tonne (g/t) gold, and including better intervals of 31 metres at 1.36 g/t gold and 10 metres at 2.13 g/t gold, and includes individual assays of up to one metre of 17 g/t gold. These results report to oxidized surface material with little to no preservation of sulphide at surface.

Mirasol's drill campaign has two objectives. The primary target is near-surface (less than 150 metres in depth), oxide gold mineralization. The planned drilling is designed to test for improved precious metals grades underlying gold anomalies in trenches, and also to test if the large, non-chargeable resistive geophysical anomaly blanket may represent oxidized material with silica accumulations. By analogy with other HSE deposits in the region, silicification may host higher precious metal grades.

The secondary target is defined by the large, semi-coincident chargeable and magnetic geophysical anomalies that are evident at depth beneath the Titan project. Magnetic and chargeable anomalies of this magnitude and shape may be related to a magnetite-sulphide-bearing intrusion, and possibly related to porphyry copper-gold (Cu-Au) mineralization at depth. These anomalies largely underlie the resistive blanket. Drill holes targeting these features are designed to test down to depths of 250 metres below surface. These holes are not anticipated to fully test this target, but are designed to gather preliminary vectoring information to aid possible deeper drilling at a later date.