LA BOLSA-EL MACATE

Minefinders reported the results of an independent pre-feasibility study for its La Bolsa project in Sonora, Mexico. The study contemplates conventional open-pit mining methods at La Bolsa with low-cost heapleach processing. Throughput is projected at 8,500 tonnes of ore per day with two-stage crushing and gold and silver recovery achieved through a carbon absorption recovery system. The minable reserve, using prices of $825 per ounce of gold and $14 per ounce of silver contains 316,135 ounces of gold and 4.5 million ounces of silver. Assuming average recoveries of 72% for gold and 7% for silver, the total production from La Bolsa is estimated at 227,600 ounces of gold and 315,100 ounces of silver over a six year mine life. The life of mine reserve strip ratio is estimated at 1.9 to 1 waste to ore and the operating strip ratio is estimated at 1.5 to 1 waste to ore, net of capitalized pre-stripping.

Minefinders reported recent drill results from core drilling at their La Bolsa property in Sonora, Mexico. Significant intercepts include 12.5m containing 2.375 g/t gold with 57.3 g/t silver from Hole 122C, in Hole 110C found 28.4m containing 1.354 g/t gold with 17.4 g/t silver and in Hole 108C intersecting 48.2m containing 0.532 g/t gold with 5.3 g/t silver.

Minefinders Corporation announced its financial and operating results for the 2009 Q3 and nine months ended September 30, 2009. The company also updated its production guidance for 2009. Highlights for the quarter include; revenue of $24.1 million compared to none in 2008 Q3, loss of $0.7 million or $0.01 per share compared to a loss of $6.8 million or $0.14 per share in 2008 Q3 and sale of 24,689 gold-equivalent ounces compared to none in 2008 Q3. The compnay revised its previously reported 2009 production outlook to approximately 1.4 million ounces of silver and 80,000 ounces of gold at cash operating costs of between $520 and $530 per gold-equivalent ounce assuming a 71 to one silver to gold ratio.