Minefinders Appoints Chairman and New Director.

VANCOUVER, British Columbia -- Minefinders Corporation Ltd. (AMEX:MFN) (TSX:MFL) is pleased to announce the appointment of Robert L. Leclerc, Q.C., as Chairman of the company's Board of Directors and the election of Tony Luteijn, of Vancouver, as a director of the company.

Mr. Leclerc was most recently (1997 to 2003) Chairman and chief executive officer of Echo Bay Mines Ltd., a precious metals producer. For many years before that, he practised law in Montreal and Edmonton. For the last three years of his legal career he was Chairman and chief executive officer of Milner Fenerty (now part of Fraser Milner Casgrain, a major Canadian law firm). Mr. Leclerc, whose appointment is as Minefinders' non-executive Chairman, has been a director of Minefinders since March 1997 and presently acts as a business consultant.

Mr. Luteijn, B. Sc., M. Eng., is a mining engineer and consultant with over 40 years experience in the evaluation, engineering, construction, start-up and operation of mines. He has held positions with Placer Dome Inc., including Project Manager for the Kidston, Porgera and Misima Mines and Manager of Evaluations worldwide. Subsequently, he was Vice-President, Project Development and Operations for Sutton Resources Ltd., in charge of the feasibility, engineering and construction of the Bulyanhulu gold mine in Tanzania. Most recently, Mr. Luteijn was Vice President, Project Development and Operations, for Canico Resource Corp., in charge of initiating feasibility studies at the Onca-Puma nickel property in Brazil.

Mark Bailey, Minefinders' President and CEO, commented: "The addition of Bob Leclerc as Chairman and of Tony Luteijn as a new director reflect the maturing of Minefinders as it makes the transition from an exploration company to a mid-tier junior producer of gold and silver. Bob brings a tremendous depth of experience in corporate governance and Tony has a singular record in the successful development of new mines."

Minefinders is an established precious metals exploration company with a bankable feasibility study nearing completion on its advanced gold-silver Dolores project. In addition, it has active exploration drill programs both at Dolores and on several other promising mineral prospects in Sonora, Mexico and in Nevada. The company is well funded, with more than US$43 million in treasury, to carry out its exploration and development programs.

MINEFINDERS CORPORATION LTD.

Mark H. Bailey, President and Chief Executive Officer

Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: Statements in this release that are forward-looking, including statements relating to the size, and growth in size, of the company's mineral resources and the timing of the further exploration and development of the Dolores Project, are subject to various risks and uncertainties concerning the specific factors identified above and in the company's periodic filings with the Ontario Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not intend to update this information and disclaims any legal liability to the contrary.