Mirasol Resources Ltd. announced that a series of new drill targets have been outlined by an MT (audio magnetotelluric) geophysical survey undertaken at its 100% owned Libanesa Project in Santa Cruz province, Argentina. Libanesa is a silver-gold (lead) project, discovered and staked by Mirasol geologists in 2005. Systematic surface exploration by Mirasol included rock sampling, geological mapping, MMI (mobile metal ion) soil sampling, trenching, ground magnetics and conventional electrical geophysics. Mineralization is associated with a series of veins, structures and the +50 metre diameter Cerro Plomo hydrothermal breccia that extends under a small dry lake. Rock chip sampling by Mirasol returned multiple, high-grade silver assays in the range of 1,000 to 3,910 grams/tonne (g/t), commonly accompanied by 0.1 to 3.5 g/t gold. Trenching at Cerro Plomo returned consistently mineralized intervals of tens of metres of anomalous silver, gold and locally, high-grade lead values. Previous electrical IP geophysical surveys at Libanesa were hampered by the salt pan (dry lake) adjacent to Cerro Plomo, due to a surface covering of highly conductive clays which can effectively mask targets at depth. MT is a passive geophysical technology which uses natural earth 'telluric' electrical and magnetic currents to measure resistivity in the earth's crust and so can overcome the effects of near surface clays. The MT survey was conducted and processed by Zonge Chile.

Mirasol Resources Ltd. announced the start of a third phase of drilling at its Joaquin silver gold project located in Province of Santa Cruz in southern Argentina. The 3,000 metre diamond drilling program will be managed by Mirasol's joint venture partner, Coeur d'Alene Mines ('Coeur'), who operates the high grade Martha Silver Mine, located 80 kilometres to the south of Joaquin. The initial phases of drilling at Joaquin have returned significant silver, and lesser gold, results from the La Morocha and La Negra structures over strike lengths of 500 metres and down dip to depths exceeding 100 metres. This third phase of drilling will test an additional 250 to 300 metres of strike length of both structures, and will drill infill, down dip, and step-out holes from key mineralized drilling intersections encountered to date. Previous drilling at La Morocha and La Negra has shown potential for near surface bulk tonnage silver mineralization that also hosts a series of narrower high grade silver zones. Better intersections to date from La Negra were returned from hole DDJ-38, include 7.45 metres at 703.8 grams/tonne (g/t) silver plus 15.96 metres of 200 g/t silver and 0.08 g/t gold, within a broader zone of 48.2 metres grading 194.4 g/t silver. At La Morocha, better intersections include 22.5 metres of 179.4 g/t silver and 9.4 metres of 501.1 g/t silver. Coeur is exploring the Joaquin project for stand-alone resources and/or additional ore for the nearby high-grade Martha silver mine. Mirasol Resources is pleased to be evaluating this project with Coeur d'Alene, who brings to the joint venture significant experience in the exploration and development of epithermal precious metal mineralization in the region.

Mirasol Resources Ltd., Annual General Meeting, Nov 30, 2009, at 14:00 US Pacific Time. Location: Miller Thompson LLP, 840 Howe Street, Boardroom 1100, Vancouver, BC V6Z 2M1,Canada. Agenda: To consider the financial statements of the company and the auditors' report thereon; to approve the electing directors for the ensuing year; to appoint the auditors for the ensuing year; to approve the incentive share option plan; to transacting such other business as may properly come before the meeting or any adjournment thereof .