FOR: MINERA IRL LIMITED

TSX SYMBOL: IRL
AIM, LMA SYMBOL: MIRL

January 21, 2015

Minera IRL Announces Director Resignation

LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwired - Jan. 21, 2015) - Minera IRL Limited ("Minera IRL"
or the "Company"), (TSX:IRL)(AIM:MIRL)(BVL:MIRL), the Latin America gold mining company, announces that Mr
Napoleon Valdez had tendered his resignation as a non-executive director of Minera IRL Limited.

Mr Courtney Chamberlain, Executive Chairman of Minera IRL, stated, "I wish to extend my deep appreciation to
Napoleon Valdez for his valuable contribution to our Board over a period of almost five years. We wish him well
in the pursuit of his other business interests."

The Company is in the process of recruiting a replacement non-executive director.

Minera IRL Limited is an AIM, TSX and BVL listed precious metals mining and exploration company with operations
in Latin America. Minera IRL is led by a management team with extensive operating experience in South America.
In Peru, the Company operates the Corihuarmi Gold Mine and is advancing its flagship Ollachea Gold Project
towards production. For more information, please visit www.minera-irl.com.

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

Some of the statements contained in this release are forward-looking statements, such as estimates and
statements that describe the Company's future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our business, actual results will almost always
vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future
performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not
intend to update any forward-looking statements to conform these statements to actual results.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Minera IRL
Jeremy Link
Business Development
+1 (647) 692-5460
www.minera-irl.com

OR

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Neil Elliot
Emma Gabriel
+ 44 (0)20 7523 8000

OR

finnCap (Co-broker, London)
Geoff Nash (Corporate Finance)
Matthew Robinson (Corporate Finance)
+ 44 (0)20 7600 1658

OR

Buchanan (Financial PR, London)
Bobby Morse
Gordon Poole
+44 (0)20 7466 5000



Contact Information:
Minera IRL Limited


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