Mr. Brad Boland reports

MINERA IRL LIMITED: APPOINTMENT OF NON-EXECUTIVE CHAIRMAN TO THE BOARD OF DIRECTORS

Minera IRL Ltd., further to the announcement on Aug. 27, 2015, has appointed Jaime A. Pinto to the board of directors. The board has also appointed Mr. Pinto as the non-executive chairman of the board of directors.

Mr. Pinto has been practising law since 1982 and is currently the principal partner of Estudio Pinto & Abogados law firm in Lima, Peru, since October, 2010. From August, 2008, to September in 2010, Mr. Pinto was a partner at Lema, Solari & Santivanez, a law firm located in Lima, practising corporate finance and restructuring, energy, telecommunications, privatizations, and concessions. Mr. Pinto was also Peru's representative at the board of executive directors of the Inter-American Development Bank (IADB) from September, 2001, until March, 2007. In his capacity as executive director, he also represented Chile and Ecuador, while at the IADB. Mr. Pinto has been on the boards of mining and energy-related companies in the past and is currently on the board of Refineria la Pampilla SAA, Peru's largest oil refinery, where he heads the audit committee, and is a director of Lupaka Gold Corp., a TSX Venture Exchange-listed company.

In terms of the appointment of Mr. Pinto (aged 58) to the board, there is no further information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies, save for the following:

Current directorships/partnerships:

• Lupaka Gold;
• Refineria la Pampilla.

Past directorships/partnerships:

• Mantaro Peru SA;
• Hermes SAC.

We seek Safe Harbor.