Minera IRL Limited Holdings in Company

LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - July 24, 2012) - Minera IRL Limited (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) -

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Minera IRL Limited
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3.Full name of person(s) subject to the notification obligation:	BlackRock, Inc.
4.Full name of shareholder(s) (if different from 3.):
5.Date of the transaction and date on which the threshold is crossed or reached:	18th July 2012
6. Date on which issuer notified:	20th July 2012
7. Threshold(s) that is/are crossed or reached:	Holding has gone above 12%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction				Resulting situation after the triggering transaction
	Number of Shares		Number of Voting Rights		Number of shares	Number of voting rights			% of voting rights
					Direct	Direct	Indirect		Direct		Indirect
JE00B1HNYF12	16,736,926		16,736,926		N/A	N/A	18,246,926		N/A		12.01%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Number of voting rights that may be acquired if the instrument is exercised/ converted.		% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price		Expiration date		Exercise/ Conversion period		Number of voting rights instrument refers to		% of voting rights
									Nominal	Delta

Total (A+B+C)
Number of voting rights		Percentage of voting rights
18,246,926		12.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

BlackRock Investment Management (UK) Limited - 18,246,926 (12.01%)

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	BlackRock International Threshold Reporting Team
14. Contact name:	Andrew Manchester
15. Contact telephone number:	020 7743 5773