Minera IRL Limited Holdings in Company

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SymbolPriceChange
IRL.TO0.300.02

LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - July 24, 2012) - Minera IRL Limited (IRL.TO)(MIRL.L)(MIRL.L) -

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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1. Identity of the issuer or the

underlying issuer

of existing shares to which voting Minera IRL Limited

rights are attached:

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2. Reason for the notification (please

tick the appropriate box or boxes):

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An acquisition or disposal of voting

rights X

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An acquisition or disposal of qualifying

financial instruments which may result

in the acquisition of shares already

issued to which voting rights are

attached

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An acquisition or disposal of

instruments with similar economic effect

to qualifying financial instruments

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An event changing the breakdown of

voting rights

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Other (please

specify):

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3.Full name of person(s) subject to the BlackRock, Inc.

notification obligation:

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4.Full name of shareholder(s)

(if different from 3.):

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5.Date of the transaction and date on

which the threshold is crossed or 18th July 2012

reached:

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6. Date on which issuer notified: 20th July 2012

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

reached: Holding has gone above 12%

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8. Notified details:

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A: Voting rights attached to shares

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Class/type of Situation previous Resulting situation after the triggering

shares to the triggering transaction

transaction

if possible

using

the ISIN CODE

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% of voting

Number Number Number rights

of of of Number of voting

Shares Voting shares rights

Rights

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Direct Direct Indirect Direct Indirect

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JE00B1HNYF12 16,736,926 16,736,926 N/A N/A 18,246,926 N/A 12.01%

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B: Qualifying Financial Instruments

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Resulting situation after the triggering transaction

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Type of financial Expiration Exercise/ Number of % of

instrument date Conversion voting voting

Period rights that may rights

be acquired if

the

instrument is

exercised/

converted.

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C: Financial Instruments with similar economic effect to Qualifying

Financial Instruments

xv, xvi

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Resulting situation after the triggering transaction

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Number of

Exercise/ voting % of voting

Type of financial Exercise Expiration Conversion rights rights

instrument price date period instrument

refers to

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Nominal Delta

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Total (A+B+C)

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Number of voting rights Percentage of voting rights

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18,246,926 12.01%

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9. Chain of controlled undertakings through which the voting rights and/or

the financial instruments are effectively held, if applicable:

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BlackRock Investment Management (UK) Limited - 18,246,926 (12.01%)

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Proxy Voting:

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10. Name of the proxy holder:

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

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

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13. Additional information: BlackRock International Threshold

Reporting Team

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14. Contact name: Andrew Manchester

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15. Contact telephone number: 020 7743 5773

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Contact:
Andrew Manchester
BlackRock International Threshold Reporting Team
020 7743 5773

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