Exploration Continues On La Virginia Property 

VANCOUVER, BC - Minefinders Corporation Ltd. reported drill results from the 2011 exploration program on the Company's La Virginia Project in Sonora State, Mexico.

Exploratory drilling began in 2010 in the Con Virginia Zone (central area of the La Virginia District) and then moved to additional targets in the El Campo Santo Zone (located to the north) and the Las Huatas Zone (located to the south). The main focus of the drilling program in 2011 has been at the Las Huatas Zone.

In the Las Huatas Zone, located 1,200 metres to the south of the Con Virginia Zone, high grades of gold and silver mineralization have been intercepted at elevations ranging from approximately 1,810 metres (near surface) down to the lowest tested portion of the system at 1,470 metres. This represents a minimum of 340 metres of vertical extent of high-grade gold and silver mineralization. Step-out drill holes are targeting this mineralized system on 40 to 50 metre centres to establish continuity and extent of grades. Grades of mineralization greater than 3.0 grams per tonne (gpt) gold-equivalent (AuEq) in this area are carried within multiple mineralized structures.

Gold assays in hole LV11-36C range up to 2.0 metres averaging 13.0 gpt of gold with five separate assay intervals exceeding 3.0 gpt of gold. Silver assays range up to 1,042 gpt of silver over 2 metres, with five assay intervals exceeding 500 gpt. These high-grade intercepts are contained within an overall mineralized interval of 67.0 metres averaging 6.46 gpt AuEq (2.33 gpt gold and 247.5 gpt silver). The high-grade zones in the Las Huatas Zone remain open to depth and laterally along strike. "We are encouraged by the success of our initial exploration program on the La Virginia property, but with multiple targets remaining to be tested we have a lot of work to complete before we will know the true significance of this discovery," commented Tench Page, Vice President, Exploration. The company's address is 2288-1177 W. Hastings St.,Vancouver, BC V6E 2K3, (604) 687-6263, fax: (604) 687-6267.