Minera IRL Limited Annual General Meeting Voting Results

LONDON, UNITED KINGDOM and TORONTO, ONTARIO -- (Marketwire) -- 09/28/12 -- Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American focused gold mining company, announces that at the Annual General Meeting of Shareholders of Minera IRL held on 28 September 2012 (the "Meeting"), all the resolutions were duly passed.

Pursuant to Canadian Securities Administrators' Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, the following briefly describes the matter voted upon and the voting results for the Meeting.


1.  Receive and Adopt 2011 Annual Report
    On a vote by show of hands, the report of the directors and the
    auditors, and the financial statements of the Company were received and
    adopted. Based on proxies received prior to the meeting, this resolution
    received 49,564,088 votes in favour, representing 96.35% of the votes
    cast at the Meeting. 
    
2.  Election Douglas Jones as Director
    On a vote by show of hands, Douglas Jones was re-elected as a director
    of the Company. Based on proxies received prior to the meeting, this
    resolution received 49,515,827 votes in favour, representing 96.34% of
    the votes cast at the Meeting. 
    
3.  Election Graeme Ross as Director
    On a vote by show of hands, Graeme Ross was re-elected as a director of
    the Company. Based on proxies received prior to the meeting, this
    resolution received 49,560,579 votes in favour, representing 96.34% of
    the votes cast at the Meeting. 
    
4.  Appointment of Auditors
    On a vote by show of hands, PKF (UK) LLP was re-appointed auditors of
    the Company until the close of the next annual general meeting and the
    directors were authorised to determine auditor's remuneration. Based on
    proxies received prior to the meeting, this resolution received
    51,430,803 votes in favour, representing 100.0% of the votes cast at the
    Meeting. 
    
5.  Approval of Share Option Plans Amendments
    On a vote by show of hands, the amendments to the Company's Share Option
    Plans were approved. Based on proxies received prior to the meeting,
    this resolution received 51,428,969 votes in favour, representing 99.98%
    of the votes cast at the Meeting.
    
    
6.  Authorisation to Issue Ordinary Shares 
    On a vote by show of hands, the directors were authorised to issue up to
    a maximum of 75,951,443 ordinary shares with the authority expiring at
    the close of the next annual general meeting. Based on proxies received
    prior to the meeting, this resolution received 49.853,700 votes in
    favour, representing 96.93% of the votes cast at the Meeting. 
    
7.  Authorisation to Issue Ordinary Shares
    On a vote by show of hands, the directors were authorised to allot up to
    a maximum of 75,951,443 ordinary shares, otherwise than in accordance
    with Section 6.1 of the Articles, in relation to rights or other pro
    rata issues or otherwise with the authority expiring at the close of the
    next annual general meeting. Based on proxies received prior to the
    meeting, this special resolution received 47,339,565 votes in favour,
    representing 92.04% of the votes cast at the Meeting. 

Details of the proxy votes received by the Company before the Meeting in respect of each resolution are available on the Company website www.minera-irl.com.

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.

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

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
John Prior
+ 44 (0)20 7523 8350

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Adam Miller
+ 44 (0)20 7523 8350

finnCap (Co-broker, London)
Geoff Nash (Corporate Finance)
+ 44 (0)20 7600 1658

finnCap (Co-broker, London)
Matthew Robinson (Corporate Finance)
+ 44 (0)20 7600 1658

finnCap (Co-broker, London)
Joanna Weaving (Corporate Broking)
+ 44 (0)20 7600 1658

RBC Capital Markets (Co-broker, London)
Stephen Foss
+44 (0)20 7653 4000

RBC Capital Markets (Co-broker, London)
Martin Eales
+44 (0)20 7653 4000

Buchanan (Financial PR, London)
Bobby Morse
+44 (0)20 7466 5000

Buchanan (Financial PR, London)
Louise Mason
+44 (0)20 7466 5000

Buchanan (Financial PR, London)
Gordon Poole
+44 (0)20 7466 5000

Hill+Knowlton Strategies (PR, Toronto)
Rick Harari
+1 416 413 4766