Mr. Jeremy Link reports

MINERA IRL ANNOUNCES DIRECTOR AND MANAGEMENT CHANGES

Minera IRL Ltd. has appointed Daryl Hodges to the board as non-executive director, effective Feb. 10, 2014. Graeme Ross will be stepping down as non-executive director of the company to pursue other business interests after seven years of service.

Mr. Hodges, aged 56, has extensive expertise in the mining sector, having worked on exploration and development projects in Canada, Russia, Scandinavia and Asia covering gold, copper-zinc and nickel-copper-platinum-palladium deposits.

Mr. Hodges was a founding partner of Jennings Capital Inc. and co-founder of the capital markets operations of Jennings Capital. Mr. Hodges was responsible for growing the successful mining franchise of the firm, originally as an analyst and subsequently as executive director of investment banking. Most recently, Mr. Hodges served as chief executive officer, president and director of Jennings Capital until September, 2013, and as a director of Jennings Capital (U.S.A.) Inc. until September, 2013. Mr. Hodges worked as both a mining corporate finance executive and mining research analyst at HSBC Securities prior to joining Jennings Capital in 1999. Prior roles also included positions of increased responsibility at Falconbridge Ltd., which Mr. Hodges left in 1996 after almost 10 years. Mr. Hodges is also a director of Ladykirk Capital Advisors, a private advisory firm.

Mr. Hodges currently holds 15,000 ordinary shares in Minera IRL, representing 0.01 per cent of the issued share capital of the company. There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the Alternative Investment Market rules for companies in respect of the appointment.

The company also announces two management responsibility changes. The role of company secretary has been passed from Tim Miller to Brad Boland, which will be in addition to Mr. Boland's role as chief financial officer. Trish Kent is retiring from the role of vice-president, corporate relations, with Jeremy Link assuming responsibility for investor relations. Both Mr. Miller and Ms. Kent will continue in a consulting capacity with the company.

Courtney Chamberlain, executive chairman of Minera IRL, stated: "I wish to extend my deep appreciation to Graeme Ross for his valuable contribution to our board over the past seven years during a period of growth and positioning Minera IRL for the development of our next generation of mines. With Graeme's departure, I extend my warm welcome to Daryl Hodges as our new director. Daryl brings a wealth of experience in both the mining sector and capital markets.

"I wish to extend my sincere thanks to my colleagues Tim Miller and Trish Kent for their outstanding support and tireless efforts in building our company over the years. It has been a pleasure and privilege to have worked closely with Tim and Trish. I ask all stakeholders to extend their full support to Brad Boland and Jeremy Link in fulfilling their expanded roles."

We seek Safe Harbor.