Mirabela re-files Canadian audit opinion

PERTH, Australia, April 5, 2012 /CNW/ - As a result of a review by the British Columbia Securities Commission, Mirabela Nickel Limited ("Mirabela" or the "Company") (ASX: MBN) (TSX: MNB) is issuing the following press release to clarify its disclosure. Mirabela has today re-filed an opinion of its auditor, KPMG, and its annual financial statements for the year ended 31 December 2011 in order to:

• specifically state that the audit opinion covers the financial years ended 31 December 2011 and 2010; and
• specifically state that its audit was conducted in accordance with International Standards of Auditing.

There is no change to Mirabela's consolidated statement of comprehensive income, statement of changes in equity, consolidated statement of financial position, consolidated statement of cash flows , or notes. Accordingly there is no change to Mirabela's financial condition or results of operations.

The audit opinion of KPMG dated 28 February 2012 complied with ISA 710 which does not require the audit opinion to refer to the corresponding figures because the auditor's opinion is presented on the current period financial report as a whole, including the corresponding figures. As well, the audit opinion of 28 February 2012 stated that the audit was conducted in accordance with Australian Auditing Standards, which are the same as International Standards of Auditing. These matters are now specifically stated in the audit opinion filed today.

Bill Bent
VP Business Development 
Mirabela Nickel Limited
Telephone: [phone]
[email protected]

Ian Purdy
CEO and Managing Director
Mirabela Nickel Limited
Telephone: [phone]