Shipment company

Minera IRL announces increased gold deliveries in July

LIMA, Peru, August 16, 2022 (GLOBE NEWSWIRE) — Minera IRL Limited (“Mine”the “Company” Where “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) is pleased to announce that the Corihuarmi Gold Mine (“Corihuarmi”) shipped 1,961 ounces of gold in July 2022, a 75% increase over the June 2022 shipment of 1,120 ounces of gold.

Mineralized material mined and placed on the leach pads between January and July 2022 totaled 2,459,601 tonnes at an average grade of 0.206 grams per tonne and containing 16,299 ounces of gold. As of the end of July 2022, a total of 12,277 ounces of gold have been shipped.

Qualified person

Martin Mount, Independent Director of Minera, is a Fellow of the Geological Society of London (& Registered CGeol), Fellow of the Institute of Materials, Metals & Mining (& Registered CEng) and a Qualified Person as defined by National Instrument 43 -101 Disclosure Standards for Mining Projects. Mr. Mount has reviewed and approved the scientific and technical information contained in this press release and verified the underlying data.

About Minera IRL Limited

Minera IRL Limited is the CSE, BVL and FWB listed holding company of Minera IRL SA and Compañía Minera Kuri Kullu SA, two precious metal mining companies engaged in exploration, development and mining operations in Peru, with a primary focus on gold. Minera is led by an agile and experienced management team with extensive experience in the mining industry, particularly in South America. Minera operates the Corihuarmi gold mine located 5,000 meters above sea level in central Peru while evaluating opportunities to advance its Ollachea gold project located in the southern department of Puno from Peru. For more information, please visit www.minera-irl.com.

On behalf of the Board of Directors of Minera IRL Limited

Gerard Perez
Executive Chairman

Diego Benavides
CEO and director

FOR MORE INFORMATION, PLEASE CONTACT:

Minera IRL Limited

Pedro Valdez
Head of Investor Relations
+51 1 418 – 1230

Susan Gabby
Manager, Communications
+51 1 418 – 1230

No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this press release.

Caution regarding forward-looking information

Certain information contained in this press release constitutes “forward-looking statements”. Forward-looking statements are based on assumptions. Although management believes that these assumptions and statements are reasonable in their context, forward-looking statements are inherently subject to political, legal, regulatory, business, environmental and economic risks, as well as competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results and future performance of Minera IRL to be materially different from any future results, performance or achievements expected. or estimated and that forward-looking statements are not guarantees of future performance, results or achievements.

Minera IRL assumes no obligation, except as required by law, to update or revise them to reflect new events or circumstances. The risks, uncertainties and contingencies and other factors that could cause actual performance to differ from forward-looking statements include, but are not limited to, Peru’s ability to continue to contain the COVID-19 crisis, changes and access to capital or precious metals. markets, a new series of severe weather events, additional social unrest and changes in legislative, political, social, health or economic developments, both in Peru and in general.