Marifil Mines (CVE:MFM) has an exciting year ahead for shareholders

[mickymoose99]

Marifil Mines (CVE:MFM) has an exciting year ahead for shareholders, says president John Hite, as the Canadian explorer, which is focused on its 25 properties spanning 555,000 hectares in Argentina, is planning on spinning out its potash assets into a separate company.

This is a move that will see Marifil likely shell out a "nice dividend" through a big portion of the shares from this transaction.

Earlier this month, the exploration-stage resource company hired Robert J. Rennie to aide with the proposed spin-out of its fertilizer-related assets, under a consulting services agreement. Rennie, who holds a PhD in soil microbiology from the University of Minnesota, is slated to become the president and chief executive of the Newco, or the new separate entity.

Rennie spent 20 years working for Agrium (TSE:AGU) - one of the world

[mickymoose99]

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Marifil Mines Ltd. (MFM.V) ("Marifil" or the "Company") announces that it has granted incentive stock options to purchase an aggregate of 1,360,000 common shares of Marifil to directors, officers and employees of the Company. These options will be exercisable for a period of five years at the price of $0.20 per share.

The granted incentive stock options replace the 1,510,000 options that expired on May 28, 2012 and were exercisable at the price of $0.66 per share.

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 () or at Marifil's Website ().

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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