FOR: MINERA IRL LIMITED

AIM, LMA SYMBOL: MIRL
TSX SYMBOL: IRL

April 21, 2015

Minera IRL Announces Passing of Founding Director Courtney Chamberlain

LIMA, PERU--(Marketwired - April 21, 2015) - It is with great sadness that Minera IRL Limited ("Minera IRL" or the
"Company") (AIM:MIRL)(BVLAC:MIRL)(TSX:IRL) announces the passing of founding director Courtney Chamberlain.

The Management and Board of Directors and employees of Minera IRL would like to offer sincere condolences to Courtney's
family and friends.

"Our Company has lost a talented, dedicated and passionate leader who made an unforgettable mark on the lives of his
colleagues, family and friends, and we are deeply saddened by his death," said Mr. Diego Benavides, Executive President
of Minera IRL SA. "Courtney was a well - respected mining industry professional, who was not only a founder of Minera
IRL and instrumental in the Company's development, but was a leader and mentor who possessed a profound sense of
community and corporate responsibility," commented Mr. Daryl Hodges, Executive Chairman.

On behalf of the Community, the President of the Community of Ollachea, Juan Valeriano, said, "We are very saddened by
this news. We considered Courtney a friend who always had a special commitment to our Community and particularly to our
young people. We will always remember his generosity and him walking around Ollachea with us."

Courtney's passing is a tragic loss not only to his family and friends, but also to his many contacts in the resource
industry during a successful and influential career of almost 50 years. He will long be remembered.

As announced on 6 March 2015, the Board has appointed Mr Daryl Hodges, Non-Executive Director, to the role of Executive
Chairman with immediate effect and an update regarding a CEO and Board of Directors appointments is expected to be made
shortly.

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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained in this news release.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Minera IRL
Daryl Hodges
Executive Chairman
+1 (647) 271-3817

OR

Diego Benavides
President, Minera IRL SA
+ (511) 418-1230

OR

Brad Boland
CFO
+1 (416) 907-7363

OR

Jeremy Link
Business Development
+ 1 (647) 692-5460

OR

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Henry Fitzgerald-O'Connor
Ryan Gaffney
Chris Fincken
+ 44 (0)20 7523 8000

OR

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

Contact Information:
Minera IRL Limited


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