Holding(s) in Company

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 Ltd.

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

 No

An event changing the breakdown of voting rights

Yes

Other (please specify):

No

3. Full name of person(s) subject to the notification obligation:

Midas Capial Plc

4. Full name of shareholder(s) (if different from 3.):

See section 9 below

5. Date of the transaction and date on which the threshold is crossed or reached:

02/02/2010

6. Date on which issuer notified:

03/02/2010

7. Threshold(s) that is/are crossed or reached:

Was 10.03%, Now 8.88%

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

7,600,000

7,600,000

7,600,000

n/a

7,600,000

n/a

8.88%

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

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

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

7,600,000

8.88%

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

CF Miton Special Situations

Bank of New York Nominees Ltd a/c 392474

5,100,000

CF Miton Strategic Portfolio

Bank of New York Nominees Ltd a/c 391993

2,500,000

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:

n/a

13. Additional information:

Midas Capital Partners Ltd and Miton Asset Management Ltd are both subsidiaries of Midas Capital Plc

14. Contact name:

John Bradley

15. Contact telephone number:

0151 906 2462