Marifil Mines Announces Debt Settlement Update

Vancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Marifil Mines Limited (TSXV: MFM) ("Marifil" or the "Company") announces that it has reached further settlements with creditors of the Company.

The Company has reached further settlements with creditors to issue 1,535,191 shares at a deemed price of $0.05 to settle debt of $76,760.

The shares for debt are subject to the approval of the TSX Venture Exchange.

Head Office:
Robert Abenante,
Chief Executive Officer.
Phone: [phone]
Email: [e-mail]
Website: www.marifilmines.com

Investor Relations:
Hugh Oswald
Phone: [phone]
Email: [e-mail]

For further information regarding Marifil Mines Limited, please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).

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