Mr. Stephen Nano reports

MIRASOL - REDEEMS RIGHTS UNDER SHAREHOLDER RIGHTS PLAN

Mirasol Resources Ltd.'s board of directors has resolved to redeem all of the 44,245,661 rights issued and outstanding under the company's amended and restated shareholder rights plan. Under the plan, which has been in effect (as amended) since Dec. 10, 2010, one right has been issued and is attached to each issued and outstanding common share. The plan provides that the board may elect to redeem all, but not less than all, of the rights at a redemption price of 0.0001 cent per right ($1 for one million rights), and that the company will have no obligation to make any payment to any person in the event that the total amount owing to such person as a result of a redemption of rights is less than $10. Computershare Trust Co. of Canada is the company's rights agent under the plan. The effective date and time of the redemption shall be the close of business on Oct. 21, 2014.

This decision was taken by the board following careful consideration of the relevance and utility of the plan to the current circumstances of the company. As a result of the redemption of the rights, the plan is terminated.