Company Information for Minera IRL Ltd

AIM-MIRL

www.minera-irl.com

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AIM; MIRL

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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

CONSTRUCTION

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.

NEW MINERA IRL OXAPAMPA PROJECT, PERU
- An agreement was signed in November 2007 in which Minera IRL Limited has the right to earn a 100% equity in the Oxapampa Project.
- Oxapampa is located in the Department of Pasco, Peru. The project is located north-east of the major regional centre of Cerro de Pasco in central Peru.
- Oxapampa is recently discovered auriferous system that appears to offer a significant opportunity for the discovery and development of medium sized gold mining operations.
- Company inspection confirmed the presence of fault related, gold bearing shear structures. The gold bearing structures, mesothermal in nature, are hosted within the weakly eroded granodioritic to dioritic, porphyritic instrusive bodies that are widely distributed throughout this region.
- Gold values of up to 8.89 g/t Au over 2 meters have been obtained from limited representative channel sampling by Company geologists.
- MIRL intends to commence exploration in the near future and has a significant program planned for 2008.

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.
- MIRL has developed a exploration program which was mobilized mid January 2008 with the development of 4 exploration teams based in Ollachea. The exploration program supported by a community relations/logistics group that had been set up during 2007.

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.
- An exploration program including diamond drilling, mapping and sampling is anticapted.

CHAMA PROJECT, PERU
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

Capital

61,780,924 as at 7 August, 2007

Annual General Meeting

14 August, 2007

Year End

30 June

Nominated Brokers

Arbuthnot Securities Limited
Fox-Davies Capital

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

Most Recent Statement

24/11/08 - Drilling Report
20/10/08 - Corihuarmi Gold Mine - Capital Cost Return
14/10/08 - Production Results
22/09/08 - New Gold Exploration Project in Peru
30/07/08 - Fox-Davies Engaged as London Join Brokers
14/07/08 - Production Results, Corihuarmi Gold Mine

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