Mr. Troy Shultz reports

MIRASOL RESOURCES CLOSES PRIVATE PLACEMENT FINANCING

Mirasol Resources Ltd. has closed the previously announced and upsized non-brokered private placement financing. The company issued 11,335,132 units at a price of 45 cents per unit for aggregate gross proceeds of $5,100,809.40. Each unit comprises one common share and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 60 cents for a period of 12 months from closing of the offering.

Proceeds of the offering will be used to advance exploration, including drilling, at the company's flagship Sobek project in the Vicuna copper-gold-silver district of Chile and for general corporate purposes.

The securities issued under the offering are subject to a four-month hold period. Finders' fees were paid on a portion of the offering.

Insiders of the company were issued an aggregate of 2,317,222 units under the offering. Accordingly, their subscriptions constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions. The issuance of the units to the related parties was exempt from the valuation requirement of MI 61-101 under the exemption in Section 5.5(b) of MI 61-101, in that the company's shares are not listed on a specified market, and from the minority shareholder approval requirements of MI 61-101 under the exemption in Section 5.7(a) of MI 61-101, in that the fair market value of the consideration for the securities issued to each of the related parties did not exceed 25 per cent of the company market capitalization.

About Mirasol Resources Ltd.

Mirasol is a well-financed exploration company with 20 years of operating, permitting and community relations experience in the mineral-rich regions of Chile and Argentina. Mirasol is currently self-financing exploration at two flagship projects, Sobek and Inca Gold, both located in Chile and controls 100 per cent of the high-grade Virginia silver deposit in Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early- and mid-stage projects.

We seek Safe Harbor.