Mr. Jeremy Link reports

MINERA IRL PROVIDES NOTICE OF FOURTH QUARTER AND YEAR-END 2013 FINANCIAL RESULTS & CONFERENCE CALL AND ANNOUNCES DIVESTURE OF NON-CORE EXPLORATION PROPERTIES

Minera IRL Ltd. plans to release its fourth quarter and year-end 2013 financial results after Toronto Stock Exchange's close of trading on March 31, 2014. On the following day, April 1, 2014, senior management will host a conference call to discuss the results at 9 a.m. PET, 10 a.m. EDT and 3 p.m. BST.

The company is also announcing that it has completed the divesture of some non-core, early-stage exploration properties in Peru.

Year-end 2013 financial results conference call

To participate in the conference call, please dial:

Toll-free international:  800-2787-2090

Toll-free North America:  866-223-7781

Other international locations:  1-416-340-2216

The webcast will be archived on the Mineral IRL website, and a playback of the conference call may be accessed until April 15, 2014, by dialling:

Toll-free international:  800-3366-3052

Toll-free North America:  800-408-3053

Other international locations:  1-905-694-9451

The passcode is 9312238.

Divesture of non-core exploration properties

As part of the continuing optimization of its exploration portfolio, Minera IRL is pleased to announce that it has divested certain non-core, early-stage exploration properties in Peru to an arm's-length third party. In addition to having received upfront cash payments totalling $1,125,000 (U.S.), 1-per-cent net smelter return royalties on all metallic minerals and a 2-per-cent NSR on non-metallic minerals have been registered in favour of Minera IRL on these properties, subject to certain adjustments. This transaction is in line with Minera IRL's strategy of divesting certain non-core assets to focus resources on the exploration and development of its key mining and mineral exploration properties.