Mirasol Initiates New Generative Program in Chile-Argentina Epithermal and Porphyry Belts



    VANCOUVER, March 5 /CNW/ - Mirasol Resources Ltd. (TSXV: MRZ; Frankfurt:
M8R) would like to inform its investors that the company has commenced an
exploration program in the Tertiary Arc of Chile and Argentina. This program
aims to build a new portfolio of gold-silver-copper projects for Mirasol in
this world-class mineral belt. The program targets epithermal and porphyry
deposits types as exemplified by Meridian's El Penon epithermal vein (3.8 M
oz. gold and 63 M oz. silver), Barrick's Veladero high sulphidation deposit
(12.8 M oz. gold) and numerous large and giant porphyry copper deposits in the
region.
    Mirasol's Tertiary exploration program is the culmination of a
comprehensive generative effort which integrates extensive historic and
proprietary data sets with leading edge image processing and GIS technologies.
The generative concept focuses on "arc gaps" in established mineral belts,
where geology suggests there is good potential for the discovery of partially
exposed or shallowly concealed mineral deposits.
    Mirasol has assembled a new team of senior Latin American geologists who
will focus their efforts on exploration of the high priority targets
identified during the generative phase. This team of geologists brings
together over 60 years of operational and exploration experience in the
Tertiary age mineral belts of the Andes.
    The Tertiary exploration program will give Mirasol exposure to a range of
large tonnage gold, silver and copper deposits that are attractive targets for
major mining companies of the world. Mirasol's Tertiary program will run
concurrently with its successful epithermal gold and silver exploration in
Santa Cruz Province of southern Argentina.
    This press release has been prepared by Stephen Nano, Vice President of
Exploration for Mirasol Resources, who is a qualified person under N.I.    
43-101.

    Quality Assurance/Quality Control: Exploration at Mirasol's Projects is
supervised by Mirasol's Exploration Manager, Timothy Heenan, and Vice
President Exploration, Stephen Nano, both qualified persons under NI 43-101.
All technical information for the Company's projects is obtained and reported
under a formal quality assurance and quality control (QA/QC) program.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release

    %SEDAR: 00021558E




For further information:

For further information: Mary L. Little, President & CEO, Tel: (604)
602-9989, Fax: (604) 688-8852, Email: contact@mirasolresources.com, Website:
www.mirasolresources.com; Bruce Korhonen, Investor Relations, Ascenta Capital
Partners, Inc., Tel: (644) 684-4743 ext 230, or (866) 604-4743, Email:
bruce@ascentacapital.com


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