Dolores Mine Performance As Expected 

VANCOUVER, BC - "We are pleased with the production results for the fourth quarter and to have exceeded our 2011 production forecast for gold and silver," said Mark Bailey, President and Chief Executive Officer of Minefinders Corporation. "The Dolores Mine is performing as expected, the Company is in a healthy financial position and we are moving forward with the execution of our near-term growth strategies."

Fourth quarter metal production totaled 20,531 ounces of gold and 918,737 ounces of silver. Metal production for the 2011 year totaled 74,193 ounces of gold and 3,572,357 ounces of silver compared to the production forecast of 65,500 to 70,000 ounces of gold and 3.3 million to 3.5 million ounces of silver. Sales proceeds for the quarter totaled $62.0 million on the sale of 20,664 ounces of gold and 887,007 ounces of silver, or 37,000 gold equivalent ounces. For the 2011 year, sales proceeds totaled $241.2 million on the sale of 74,372 ounces of gold and 3,552,031 ounces of silver, or 155,498 gold equivalent ounces.