Company Information for Minera IRL Ltd

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Company Statement

Minera IRL Limited, together with its subsidiaries, is a South American mining group focused on precious metals mining, development and exploration in the Andean cordillera of South America. Privately funded for over 6 years, the Group has established an impressive portfolio of projects in Peru, Argentina and Chile. With production from one of its projects scheduled for early 2008, Minera IRL Limited is expected to have positive cash flows and a pipeline of projects at progressive stages of development.

Current Operations

Development

Corihuarmi Project, Peru
The Corihuarmi Project is located 160km south-east of Lima.  Minera IRL explored Corihuarmi and carried out a bankable feasibility study and an environmental impact assessment between 2002 and 2007.  Construction of a million tonne per annum integrated heap leach operation commenced in May 2007, $16.6 million was appropriated for this capital expenditure.  Project completion is scheduled for the end of 2007, with the first gold production commencing in the 1st quarter of 2008.  It is anticipated that over 35,000 ozs of gold will be produced in 2008.

Feasibility and Prefeasibilty Studies

Jagüelito Project, Argentina
The Jagüelito Project is located in San Juan Province Argentina, approximately 300km north-northwest of the provincial capital San Juan.
The deposit was previously systematically explored between 1996 and 2002 by the Mexico-based silver mining company, Minera Peñoles SA de CV.

Advanced Exploration

Ollachea Gold Project, Peru
The Group is acquiring the Ollachea Gold Project from Rio Tinto, pursuant to an option agreement dated 1st September 2006. This project is located in Puno of south-eastern Peru.

The total tenement package covers 8,999ha. The Group has the right to earn 100% of the project subject to the negotiation of a surface rights agreement with the local community and a series of staged payments totalling US$6m over 4 years. The surface rights negotiations are well advanced.

Regional Exploration

Cushuro Project, Peru
The Cushuro Project is located 15km south of the major regional centre of Huamachuco in the north of Peru.  Numerous major gold deposits are visible from the Cushuro project including the Alto Chacama, Santa Rosa and La Virgen mines.

Minera IRL S.A. is earning a 65% interest in Cushuro, pursuant to a joint venture agreement with Minera Sipan SA dated 1 April 2004 through the completion of a feasibility study within the five year term of the agreement.

Chama, Project Peru
The Chama Project is located in south central Peru, approximately 125km south-west of the city of Cusco. The tenement area totals an approximate 5,817ha. Shallow exploration completed to date has identified encouraging gold and copper mineralization. Minera IRL has conducted ground geophysics which have indicated a magnetic body along the intrusive limestone contacts.  This provides a skarn-type target for which drilling is planned in the 4th quarter of 2007

Frontera Project, Chile
This 1,200 ha package is located in Chile on the Peruvian border.  Minera IRL S.A. has entered into a memorandum of understanding and proposed joint venture with Teck-Cominco, who is the registered holder of the exploration concessions.

Geographical Spread

Peru, Chile and Argentina

Board of Directors and Key Management

Executive Chairman	Courtney Chamberlain
Non-executive Director	Dr Douglas Jones
Non-executive Director	Terence Streeter
Non-executive Director	Graeme Ross

Company Address Ordnance House 31 Poer Road St Helier, Jersey, United Kingdom JE4 8PW Telephone: +1 (511) 242-0421 Facsimile: +1 (511) 446-5384 Email: minera[at]irl.com.pe Website: http://www.minera-irl.com

Additional Address/Key Contact Minera IRL S.A. Av. Jose Pardo 601,Of: 904 Miraflores Lima 18 Peru

Annual General Meeting 14 August, 2007

Year End 30 June

Nominated Brokers Arbuthnot Securities Limited Arbuthnot House, 20 Ropemaker Street, London Tel: 020 7012 2144 Fax: 020 7012 2007 Web: www.arbuthnot.co.uk

Nominated Advisors Arbuthnot Securities Limited

Broker/Analyst Reports

05/07/07 - Arbuthnot

Major Shareholders

Rank Name	% Issued Capital
NUTRACO NOMINEES LIMITED	14.30
CAYSTAR HOLDINGS	8.11
SHAIRCO FOR TRADING INDUSTRY AND CONTRACTING	6.73
STREETER FAMILY TRUST	5.46
SAND CORT INVESTMENTS PTY LTD	5.41
CHASE NOMINEES LIMITED	5.35
THE BANK OF NEW YORK (NOMINEES) LIMITED	5.18
CHASE NOMINEES LIMITED	4.65
RESOURCE CAPITAL FUND III L.P.	4.40
ROY NOMINEES LIMITED <205000>	3.24

Related News

21/04/08 - Minera IRL Moves Firmly Into Production
25/09/07 - Minera IRL Should Now Be Able To Counter Its Share Price Performance With Some Good News
12/04/07 - Minera Lists Near Term Production Projects in South America On AIM

Most Recent Statement

27/06/08 - Final Results for year ended 31st December 2007
02/06/08 - MIRL Elevated to Main Board on the Lima Stock Exchange
26/03/08 - Directorate Change
18/03/08 - First Gold Pour, Corihuarmi Mine, Peru
04/03/08 - Signing of Letter of Intent with Alturas Minerals on the Huaquirca Joint Venture, Peru
28/02/08 - Signing of Working Capital Facility Agreement