Notice of EGM

Minera IRL Limited

Notice of Extraordinary General Meeting

London, 30 April 2010: Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL) (AIM:MIRL) (BVL:MIRL) Latin America focused gold mining, development and exploration company, announces the Notice of Extraordinary General Meeting (EGM) to be held on 26 May 2010.

The Company has announced the listing and commencement of trading on the Toronto Stock Exchange (TSX). The Company is also investigating the potential to raise equity financing. As a result, the directors are seeking authorisation from shareholders at the EGM, such that the Company has sufficient headroom to issue shares pursuant to an equity financing without the need of prior shareholder approval. Any capital raised pursuant to an equity financing would predominately be used to assist the Company fund the development of its portfolio of properties and in particular the Ollachea Project and the Don Nicolas Project.

The Company is also looking at other alternative financing opportunities, including debt financing, and in the event that the terms of any equity financing are not acceptable to the Company, it will consider these as an alternative to or in conjunction with equity finance.

The full Notice of the Extraordinary General Meeting and Proxy forms are being posted to shareholders and are available from SEDAR and the Company website www.minera-irl.com.

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