Minera IRL Limited
LSE : MIRL

November 18, 2013 08:00 ET

Minera IRL Ltd Announces Grant of Options

FOR:  MINERA IRL LIMITED

AIM, LMA SYMBOL:  MIRL
TSX SYMBOL:  IRL

November 18, 2013

Minera IRL Ltd Announces Grant of Options

LONDON, UNITED KINGDOM--(Marketwired - Nov. 18, 2013) - Minera IRL Limited ("Minera IRL" or the "Company")
(TSX:IRL) (AIM:MIRL) (BVLAC:MIRL), the Latin American gold mining company, announces that on 15 November 2013 a
total of 3,550,000 options over ordinary shares of nil par value in the Company ("Options") were granted to
Directors and Executives, pursuant to the Minera IRL Limited Incentive Stock Option Plans ("Plans"), which were
re-approved by shareholders on 10 July 2013.

The Options are exercisable at 15.00p per share, which represents a premium of approximately 25 per cent over
the closing mid-market price of 12.00p on the AIM market on 15 November 2013, and will vest immediately. The
Options shall expire after 5 years from the date of grant and no consideration was paid for the options.

Following the grant, the interests of the Directors are as follows:

----------------------------------------------------------------------------
Director              Options       Resultant       Ordinary        % Issued
                      Granted  Option Holding    Shares Held  Ordinary Share
                                                                     Capital
----------------------------------------------------------------------------
C C Chamberlain       670,000       2,390,000      3,492,692            1.91
----------------------------------------------------------------------------
D A Jones             160,000         540,000        322,936            0.18
----------------------------------------------------------------------------
G D Ross              160,000         490,000          5,000            0.00
----------------------------------------------------------------------------
N Valdez              160,000         490,000        894,000            0.49
----------------------------------------------------------------------------

The Plans permits the grant of options up to a maximum of 10 per cent of the total number of ordinary shares in
issue. This grant represents options over approximately 1.9 per cent of the current 182,824,225 ordinary shares
of the Company in issue. The total number of options granted to date under the Plans which are still
outstanding is 12,360,000 representing approximately 6.8 per cent of the total number of ordinary shares in
issue.

Minera IRL Limited is the AIM traded, TSX and BVL listed holding company of precious metals mining and
exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with
extensive industry experience, particularly operating in South America. The Group operates the Corihuarmi Gold
Mine and the advanced gold projects Ollachea in Peru and Don Nicolas in Argentina. For more information, please
visit www.minera-irl.com.

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.


FOR FURTHER INFORMATION PLEASE CONTACT:

Minera IRL
Trish Kent, Vice President, Corporate Relations
+511 418 1230

OR

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Neil Elliot / Emma Gabriel
+ 44 (0)20 7523 8000

OR

finnCap (Co-broker, London)
Geoff Nash (Corporate Finance)
Matthew Robinson (Corporate Finance)
Elizabeth Johnson (Corporate Broking)
+ 44 (0)20 7600 1658

OR

RBC Europe Ltd (Co-broker, London)
Stephen Foss / Martin Eales
+44 (0)20 7653 4000

OR

Buchanan (Financial PR, London)
Bobby Morse / Gordon Poole / Louise Mason
+44 (0)20 7466 5000

Contact Information

  • Minera IRL Limited