Mirabela restates interim financial statements

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

    
    ASX Code: MBN
    TSX Code: MNB
    Ordinary shares outstanding : 354,694,375
    

PERTH , Australia , Jan. 7 /CNW/ - Mirabela Nickel Limited (TSX: MNB, ASX: MBN) ("Mirabela" or the "Company") advises that it has identified an error in the calculation of earnings per share ("eps") and diluted earnings per share (diluted "eps") reported on page 3 of the interim financial statements for the three month period ended September 30, 2009 , filed on November 16, 2009 .

The error was caused by the incorrect calculation of the average weighted shares on issue for the period ended 30 September 2009 . The profit and loss for the period ended 30 September 2009 was not affected by this error.

As a result, the basic eps and diluted eps were reported as 1.18 cents per share, whereas the correct basic eps and diluted eps for the period are 0.58 cents per share.

The Company's interim financial statements and related management's discussion and analysis for the three month period September 30, 2009 have been restated and will be re-filed under the Company's profile on SEDAR at www.sedar.com shortly.

    
    For and on behalf of the Board

    Ian Purdy
    Chief Executive Officer
    

For further information: Australia contact: David Griffiths, Director, Gryphon Management Australia, Telephone: [phone], [email protected]; North America, UK and Europe contact: Alex Buck, Buckbias, Telephone: [phone], [email protected]