The Company was incorporated under the Business Corporations Act (Ontario) on February 4, 1975, under the name "Twentieth Century Explorations Inc." Articles of incorporation were amended on May 10, 1979 to change the Company's name from "Twentieth Century Explorations Inc." to "Minefinders Corporation Ltd."

Minefinders' common shares trades on the Toronto Stock Exchange (TSX) under the symbol MFL and on the NYSE Amex under the symbol MFN.

Minefinders has 89,770,791 shares issued and outstanding in addition to 2,887,049 stock options outstanding (as of February 2012).

Minefinders' warrants are listed and trade on the Toronto Stock Exchange under the symbol MFL.WT. These warrants were issued by the Company in December 2008 as part of a CDN$40.02 million bought deal equity financing in which a syndicate of underwriters purchased 9,200,000 units from the Company for sale to the public at a price of CDN$4.35 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of CDN$5.00 per common share on or before December 31, 2011.

No, Minefinders has never declared or paid a dividend. We will evaluate our position on dividends on a year-to-year basis based on the Company's financial performance.

Minefinders current operations and projects are primarily located in northern Mexico. The Company's Dolores gold and silver mine and heap leach processing operation is located in Chihuahua, Mexico. Minefinders has staked mineral rights over more than 85,000 hectares in the State of Sonora. Active properties include La Bolsa (which has a defined gold/silver resource base) and the La Virginia gold/silver grassroots exploration project. The Company also continues its ongoing program of consolidation of other gold/silver prospects in northern Mexico.

Reserves and Resources - Dolores Mine - December 31, 2010

*M&I is inclusive of P&P
**52:1 silver to gold ratio, without regard to metallurgical recoveries.

In 2012, Minefinders is forecasting production of between 75,000 and 80,000 ounces of gold and between 3.5 and 4.0 million ounces of silver from its Dolores Mine.

Minefinders' goal is to increase its annual gold and silver production in the next five years through organic growth, development of internal assets and focused exploration.

The Company plans to increase its gold and silver production through increased efficiency and production, strategic acquisitions, and focused advance-stage exploration. In the near term, we expect higher production rates at Dolores as we continue to access higher-grade ore from the deposit. Consideration is also being given to the construction of a mill at the Dolores mine site which will improve recovery of high-grade ore and reduce production costs. Mill recovery rates are expected to be 90% for gold and 80-90% for silver,  compared to 72% and 51%, respectively for heap leaching.

• Q1 - reporting in May
• Q2 - reporting in August
• Q3 - reporting in November
• Q4 - reporting in March

Minefinders' fiscal year end is December 31.

Minefinders' auditors are KPMG LLP in Vancouver, British Columbia.

Minefinders has commissioned a detailed feasibility study on a proposed mill for the Dolores mine and will make a decision towards the end of the year on the size, type and construction schedule for the mill. The Company is evaluating the most appropriate and cost effective option that will enable us to process high-grade ore in the open pit and provide the infrastructure necessary to develop a new underground mine at Dolores if warranted.

Minefinders has an exploration program underway at the Dolores Mine. Our $3.5 million exploration program at Dolores for 2011 involves 20,000 metres of drilling which is aimed to explore for further mineralization peripheral to the current open-pit.

Minefinders' La Bolsa project in Sonora, Mexico is an attractive asset that could potentially produce more than 227,000 ounces of gold and 315,000 ounces of silver over a six-year mine life. The La Bolsa project has several favourable attributes including a low waste-to-ore ratio; it is well suited to heap-leach processing and in close proximity to infrastructure. The Company recently completed a pre-feasibility study of the economic viability of a mine at La Bolsa and is now considering options to realize value from the property.

La Virginia, a 32,000 hectare property in the same vicinity as our other operations, is an extremely promising gold/silver deposit, which until 2010 had never been drilled before. Minefinders is now drilling over a 7 km area and expects to drill approximately 12,500 metres this year which will give us a much better understanding of the potential deposit.

As a growing mining company, Minefinders is always looking for promising exploration opportunities in Mexico and throughout the Americas which will enable us to expand our resource base.

Any information relating to share certificates, including change of address, lost share certificates and change of stock ownership, should be directed to our transfer agent:

Computershare Investor Services Inc.
100 University Avenue, 9th floor
Toronto, Ontario M5J 2Y1
Toll Free: 1-800-564-6253

Contact
Mike Wills,
Minefinders' Investor Relations Representative.
Email - Form Page

Contact
Jonathan Hackshaw,
Director of Corporate Communications.
Email - Form Page