Minera IRL Provides Corporate Update

LIMA, Peru, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF) is pleased to provide a summary updating its objectives and achievements for the year, and its expectations for 2023.

Management’s primary objective and commitment over this past year has been to secure the financing for the flagship Ollachea Gold Project (“Ollachea”). As part of our strategy, we have expanded our marketing and outreach efforts with the intention of increasing the public’s awareness of Minera, having the potential to improve liquidity, and placing the company in a better position to complete a transaction that enables the construction of Ollachea.

STRATEGIC MARKETING PLAN

The focus of the Company during 2021 was to achieve a solid foundation on which to build Ollachea, which included the National Instrument 43-101 compliant Preliminary Economic Assessment with an optimized startup CAPEX and mining project design. This year, we have focused our effort on increasing public awareness of our Company and our projects with particular emphasis on the potential and opportunity for foreign investment in Peru, as it continues to be one of the fastest growing economies in Latin America and the outlook for the mining industry remains positive.

In April, we participated as a keynote speaker at the 3^rd International Conference and Exhibition Mining Peru 2022, held in Lima. This conference brought together more than two hundred decision-making executives from national and international companies, as well as project owners and investors. During the same month, we also had a technical article published in the Global Mining Review, as part of an Exploration and Development feature. The article entitled “A Golden Opportunity in South America” provided subscribers with the prospects of the Ollachea Gold Project. We have had a second article published by Global Mining Review in its November/December issue. During the year, we have had interviews published in both MINPER 2022 (distributed at PDAC and PERUMIN 35), and LatAm Investor, where the challenges of financing gold development projects in Latin America were analyzed.