Minera IRL closes US$15.5 million financing under its US$80 million shelf prospectus

On February 7, 2013, Minera IRL Limited (“Minera”) completed a financing of $15,460,250 under its $80 million shelf prospectus dated July 12, 2012. A prospectus supplement was filed in each of the provinces in Canada, excluding Quebec. The financing was completed by a syndicate of investment dealers led by RBC Capital Markets and including Jennings Capital Inc., Fraser Mackenzie Limited and Desjardins Securities Inc. The Agents engaged Canaccord Genuity Limited and finnCap Limited to act as special selling agents in the United Kingdom and KALLPA Securities Sociedad Agente de Bolsa S.A. to act as special selling agent in South America and the Caribbean. Minera is a Latin American gold mining company which operates the Corihuarmi Gold Mine and the advanced gold projects Ollachea in Peru and Don Nicolas in Argentina. Fasken Martineau was counsel to Minera with a team that included Chuck Higgins, Martin Fisher-Haydis, Jennifer Mitchell and Ron Nobrega in Toronto, Greg Powers in Calgary, Georald Ingborg in Vancouver, and Nigel Gordon and Vhari Storwick in London.