News Releases

Mirasol Closes $2.5 Million Private Placement Financing

April 24, 2006

VANCOUVER, BC, April 24, 2006 – Mirasol Resources Ltd. (TSX-V:MRZ) (“the Company”) is pleased to report that it has closed a previously announced brokered private placement of 5 million units at a price of $0.50 per unit for gross proceeds of $2,500,000 (news release dated March 14, 2006).

Each unit consists of one common share and one-half of one share purchase warrant. One whole warrant shall be exercisable at a price of $0.75 per share for a period of eighteen months from closing. In the event the trading price closes at or above $1.20 for 20 consecutive trading days in the period commencing four months after the closing date, the Company will have the right to accelerate the expiry date of the warrants to the date which is 30 days after notice is give to the shareholders.

Haywood Securities Inc. acted as its exclusive agent for the sale of the units. The Company paid a cash commission and issued agents warrants equal to 7% of the number of units sold. Each Agent’s warrant will entitle Haywood to acquire an additional common share at $0.50 per share for a period of eighteen months from the date of closing. A four month hold period is applicable to all of the securities issued by the Company.

The net proceeds will be used to fund the Company’s exploration programs in Argentina and elsewhere, and for general working capital.

For further information, contact:

Mary L. Little, President & CEO
Tel: (604) 602-9989: Fax: (604) 688-8852

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of accuracy of the content of this news release.

This press release, required by applicable Canadian securities law, is not for distribution to U.S news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.

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