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Mirasol Completes $9.3 Million Non-Brokered Private Placement

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VANCOUVER, BC, December 7, 2010 — Mirasol Resources Ltd. (the “Company” or “Mirasol”) (TSX-V: MRZ, Frankfurt: M8R) today announced that it has closed a non-brokered private placement and issued 3,000,000 units (the “Units”) at a price of $3.10 per Unit for gross proceeds of $9,300,000 (the “Offering”). The Units are comprised of one common share and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one common share for a period of one year at a price of $4.00 per share.

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