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NEWS

LUIS RAúL ESCUDERO CHáVEZ (1938 - 2005)


January 28, 2005

VANCOUVER, BRITISH COLUMBIA - Minefinders Corporation Ltd. (the “Company”) (TSX: MFL /AMEX: MFN) announces with great sadness the passing of Luis Raúl Escudero Chávez.

Mr. Escudero died of natural causes while at the Company’s Dolores mining camp on January 21, 2005. He was 66. Mr. Escudero was a prominent member of the Mexican mining community. From 1995 until 2004, heserved as Director General of Mining at the Secretary of Commerce and Industrial Development (SECOFI), now Secretary of the Economy. Upon his retirement, he joined the Company as DirectorGeneral of Operations of its Mexican subsidiary, Compañia Minera Dolores, in February 2004 and quickly became a valued and integral member of the Dolores development team.

Mark Bailey, President and CEO, spoke on behalf of the Company: “We are greatly saddened by the lossof Luis and extend our deepest condolences to his wife Raquel, his four children, and his nine grandchildren. Luis was a true gentleman; his good humour and professionalism will be greatly missed.”

In honour and recognition of Mr. Escudero, the Company will endow a scholarship in his name for advanced studies in mining related fields at a university in the State of Chihuahua.

On behalf of the Board of Directors and Employees of

MINEFINDERS CORPORATION LTD.

Mark H. Bailey

President and Chief Executive Officer

For further information please visit our website at www.minefinders.com, or contact the Company at tel.: 1 (866) 687-6263 orFax: (604) 687-6267.

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