Minera IRL retains investor relations consultant and grants stock options

Minera IRL Limited

LIMA, Peru, April 04, 2022 (GLOBE NEWSWIRE) — Minera IRL Limited (“Mine”the “Company” Where “we”) (BVL: MIRL) (CSE: MIRL) is pleased to announce that it has retained the services of Maxwell Mercantile Inc. to assist in the development and implementation of an effective investor relations program, including including advising on the use of social media and investor outreach programs and assisting management in developing a strategy to increase the Company’s exposure to the investment community.

Pursuant to a signed agency agreement, Maxwell Mercantile Inc. will receive a monthly retainer of US$10,000 over an initial term of eight months, and the Company has granted Maxwell Mercantile Inc. an option to purchase 4,600,000 common shares at an exercise price of CDN$0.085 for a term of three years. The options will vest in installments over a period of thirteen months. The Service Agreement is subject to automatic renewal for successive six-month periods unless either party decides that it does not wish to renew.

About Maxwell Mercantile Inc.

Maxwell Mercantile Inc. is a financial advisory firm based in Vancouver, Canada. Its CEO, Theodore Konyi, has over 30 years of experience and has successfully raised over US$200 million in private and public financing. Mr. Konyi has been involved as a director or senior executive of various listed companies and was the co-founder of First Coal Corporation, which raised US$65 million privately and was later sold to Xstrata Mining for US$153. million US dollars.

About Minera IRL Limited

Minera IRL Limited is the CSE and BVL listed holding company of Minera IRL SA and Compañía Minera Kuri Kullu SA, two precious metal mining companies engaged in mining exploration, development and operations in Peru, with a primary focus on the gold. Minera is led by an agile and experienced management team with extensive experience in the mining industry, particularly in South America. Minera operates the Corihuarmi gold mine located 5,000 meters above sea level in central Peru while evaluating opportunities to advance its Ollachea gold project located in the department of Puno, southern Peru. Peru. For more information, please visit www.minera-irl.com.

On behalf of the Board of Directors of Minera IRL Limited

Gerard Perez
Executive Chairman

Diego Benavides
CEO and Director

FOR MORE INFORMATION, PLEASE CONTACT:

Minera IRL Limited

Susan Gabby
Manager, Communications
+51 1 418 – 1230

Pedro Valdez
Manager, Investor Relations
+51 1 418 – 1230

No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this press release.

Caution regarding forward-looking information

Certain information contained in this press release constitutes “forward-looking statements”. Forward-looking statements in this press release include the expectation that with the assistance of Maxwell Mercantile Inc., the company can develop and implement an effective investor relations program and expand its exposure to the investment community. . Forward-looking statements are based on assumptions. Although management believes these assumptions and statements to be reasonable in their context, forward-looking statements are inherently subject to political, legal, regulatory, business and economic risks, as well as competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results and future performance of Minera IRL to be materially different from any future results, performance or achievements expected. or estimated and that forward-looking statements are not guarantees of future performance, results or achievements.

Minera IRL assumes no obligation, except as required by law, to update or revise them to reflect new events or circumstances. The risks, uncertainties and contingencies and other factors that could cause actual performance to differ from forward-looking statements include, but are not limited to, Peru’s ability to contain the COVID-19 crisis, changes and market access to capital or precious metals, and changes in legislative, political, social, health or economic developments both in Peru and in general.

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