Agreement For Gold Exploration Program in Northern Chile

VANCOUVER, BC - Mirasol Resources Ltd. has signed a definitive exploration and option agreement to explore a portfolio of prospective, early-stage mineral properties in Northern Chile. The Agreement increases Mirasol's exposure to exploration targets in the Miocene-age belt that hosts the Company's Atlas and Titan gold properties. The newly-optioned properties, located in Chile's Regions II and III, encompass approximately 46,100 hectares in area. Mirasol will operate the exploration program and plans to utilize its extensive in-house geological, technical and targeting expertise and databases in exploring for new epithermal gold and copper targets.

The Agreement provides for Mirasol to earn a 51% interest in any, or all, of the exploration properties by expending US$3 million within a four year period which commenced on December 26, 2012, of which US$300,000 is committed to be spent in the first year. After vesting, each party will contribute in proportion to its equity position. Should a discovery be put into production, a 1.5% net smelter return royalty (NSR) is payable by Mirasol to its venture partner from Mirasol's percentage of production, capped at 51% of total production.