BUILDING VALUE IN ARGENTINA. We Seek Safe Harbor

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1 BUILDING VALUE IN ARGENTINA We Seek Safe Harbor April 2012

2 100% ARGENTINA We are good at finding mines and we have an expert team and process for doing this. 2

3 COMPANY OVERVIEW Diversification Precious Metals Base Metals Fertilizers Non-Metals Leverage JV Model: provides cash flow and exploration dollars using Other People s Money 3

4 VALUE INVESTMENT More than $50 million spent on our properties to date. $13.8 million in work programs planned by our JV partners over the next 3 years (Other People s Money!) Nearly $1 million income in ,000 oz. of gold (historic) at Arroyo Verde. 5 million ton Cu, Ni, Pt, Pd, Au resource at Las Aguilas. Our projects are close to Infrastructure. 3 JV partners and more on the way! 4

5 WHY WE ARE DIFFERENT We are project generators not operators. We acquire good properties, add value, and then farm them out. By keeping a royalty and a stake in the property Marifil s value grows and so does it s share price. We have cash flow from property payments. We maintain a pipeline of properties to replace those sold or joint ventured. 5

6 JV S CASH FLOW & WORK PLANNED Project JV Partner $ / Yr Other benefits NSR Total Exploration San Roque Novagold 100,000 High Profile Partner N $ 9,000,000 K-2 Allana Potash 2% Toruel Netco Silver 100,000 3,150,000 2% Las Aguilas Prophecy Platinum 150,000 25,000 NKL shares/yr 3% $ 2,800,000 El Carmen Ilakon Ltd 75,000 Advance Royalty 8% royalty N Total to date $ 425,000 $ 13,800,000 6

7 OUR 2012 GOALS & TARGET PROPERTY 1. Drill the Arroyo Verde and/or Dos Lagunas 2. Arroyo Verde is an epithermal gold target with a separate porphyry copper-molybdenum target 3. Project is adjacent to National Highway 3 along the Atlantic coastline holes totaling 19,525 meters 5. Historic Resource of 163,000 oz gold equivalent 6. Drill Program planned for 2012 for Gold Target; plan to farm out Porphyry Copper Target 7

8 ARROYO VERDE GOLD & COPPER GOLD TARGET PORPHYRY COPPER TARGET 8

9 ARROYO VERDE GOLD TARGET 9

10 ARROYO VERDE - IP - PORPHYRY COPPER TARGET ONLY 9 HOLES IN 36 Sq. Km IP Anomaly! Refugio Porvenir Chargeability anomaly South IP anomaly 10 Phyllic Alteration Potassic-Argillic Alteration

11 PRECIOUS METALS PROPPERTIES San Roque gold, silver, indium, lead, zinc (JV) Arroyo Verde Gold Porphyry Copper Target Toruel silver, gold, indium, copper (JV) Ferrocarrilera Epithermal Gold, Silver Dos Lagunas, - Gold Maquinchao Epithermal Gold, Silver 11

12 SAN ROQUE JV NovaGold Resources JV Earn up to 70% interest $9M work program (5 years) $100,000 each year payment to Marifil Second drill phase completed, highlights: 120 meters at 3.06 g/t gold equivalent 34 m at 2.26 g/t gold FIVE DRILL CAMPAIGNS, 108 DRILL HOLES, AND NO BLANK HOLES! 12

13 SAN ROQUE RIO NEGRO PROVINCE San Roque San Antonio Port Mendoza Las Grutas Buenos Aires Las Grutas Gulf of San Matías City of Viedma Puerto Madryn 13

14 SAN ROQUE Discovery Outcrop Visible Gold in Quartz Vein Drill highlights include: 143 m of 0.74 g/t gold, 27.2 g/t silver, 0.37% lead, 0.55% zinc 11.7 m of 174 g/t indium 120 m of 3.06 g/t gold equivalent m of 1.73 g/t gold equivalent Excellent Infrastructure: Paved Highway Railroad 65 km to Ocean Port Hydroelectric Power Labor and water available 14

15 SAN ROQUE IP ANOMOLY & DRILL HOLES Grade and scale of mineralization similar to: Peñasquito (GoldCorp Inc.) Camino Rojo Montana Tunnels 15

16 BASE METAL PROPERTIES Cerro Samenta Porphyry Copper Target Las Aguilas nickel, copper, PGEs, gold (JV) Los Menucos Porphyry Copper Target? Additional projects and acquisitions in progress 16

17 CERRO SAMENTA PORPHYRY COPPER TARGET SALTA PROVINCE Project located on prolific Archibarca Lineament Large number of high grade copper samples from trenches 7 square kilometer IP anomaly Only 11 holes test the target and four are less than 50 m deep Targets: NW quarter of IP, source of high grade copper in trenches, and mineralized breccia 17

18 CERRO SAMENTA PORPHYRY COPPER TARGET ONLY 9 HOLES IN 36 Sq. Km IP Anomaly! 18 18

19 CERRO SAMENTA - PORPHYRY COPPER DEPOSIT Trench M 22 m grading 4.19% copper 19 19

20 CERRO SAMENTA - TRENCH ASSAYS 20

21 LAS AGUILAS JV Prophecy Platinum Corp. JV Earn up to 49% interest $300,000 over three years 100,000 shares over three years $2M in work commitments over 3 years Additional 11% (60% total) Pre-feasibility study and 200,000 shares Additional 10% (70% total) Feasibility study 3% NSR Buyback of 1% for $3M 21

22 FERTILIZER PROJECTS Potash, Phosphate, & Sulfur Properties in Neuquen Basin Excellent Infrastructure Secure Land Tenure 298,000 hectare land position in Neuquen Basin 22

23 THE MARIFIL ADVANTAGE High grade deposits Good infrastructure No social or environmental problems Proximity to the Large Brazil and Argentina markets Mercosur Brazil-Argentina Trade Agreement duty free export of potash and phosphate to Brazil 23

24 POTASH (K-2, K-3, K-4, K-5* & K-6*) Next to Vale s Rio Colorado Potash Project Vale is spending $6.2 Billion on expanding Rail, Power and a Port. We have large, high grade potash targets All of our targets have good to excellent infrastructure None of the targets have environmental or social issues, all are in remote areas but with good access * final contract being negotiated 24

25 K-5 POTASH PROJECT K-5 is adjacent to K+S s El Porton Deposit Excellent infrastructure High grade target defined by 51 well logs Up to 7 separate potash horizons 25

26 K-5 POTASH DRILL INTERCEPTS 26

27 K-5 IS HIGH GRADE! Thick, high grade deposit Shallow depth Great Infrastructure 51 holes define the target No environmental or social issues 27

28 K-5 NO SOCIAL / ENVIRONMENTAL ISSUES 28

29 K-3 & K-4 POTASH PROJECTS Good Infrastructure Shallow Targets amenable to underground mining Remote areas no social or environmental issues!

30 K-3 & K-4 POTASH DRILL INTERCEPTS Oil Well From (meters) To (meters) Thickness (meters) Grade (% KCl) Md TQu x MD LI x Md RBI x

31 K-3 RAMBLON 2V POTASH TARGET Juan Carlos says Drill Here! 31

32 K-3 RAMBLON 2 DRILL TARGET 32

33 K-6 POTASH PROJECT K-6 is an important new discovery Excellent infrastructure High grade target indicated by a well log Prospect is shallow and could be very large 33

34 K-6 POTASH DRILL TARGET 34

35 K-2 POTASH TARGET 79,000 Hectare land position Four holes define a 100 to 200 million ton target Excellent infrastructure 35

36 K-2 POTASH DRILL INTERCEPTS Oil Well From (meters) To (meters) Thickness (meters) Grade (% KCl) Conin x Paso Hacha x Pilantoqui x Quili Malal

37 SUMMARY Experts on Argentina JV model Use Other People s Money Will also entertain Spin Out and Sale of properties Nearly cash flow positive Diversified portfolio Discovery focused 37

38 SHARE STRUCTURE TSXV: MFM Issued Share Capital: 63,400,000 Fully Diluted: 68,300, week range: $ Recent Price: $0.21 Market Cap: $13,300,000 38

39 CONTACT US For More information: John Hite, President Hugh Oswald, Investor Relations ext

40 FORWORD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of All statement, other than statements of historical fact, included herein including, without limitation, statement regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting, construction and production and other milestones, and Marifil's future operating or financial performance are forward-looking statements. Estimates of reserves and resources area also forward-looking statements in that they involve estimates of the mineralization that would be encountered, based on interpretation of drilling results and certain assumptions, if a deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Marifil's expectations include financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and Native groups in the development of Marifil's properties; the need to obtain permits and governmental approvals; risks of operations such as accidents, equipment breakdowns, bad weather, noncompliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in Marifil's Annual Information Form for the current year, filed with the Canadian securities and regulatory authorities, and in other Marifil reports and documents filed with applicable securities and regulatory authorities from time to time. Marifil's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Marifil assumes no obligation to update forwardlooking statements of management beliefs, opinions, or other factors should they changes. 40