Lifting of Blockade and Resumption of Operations at Corihuarmi Mine

LIMA, PERU – Minera IRL Limited reported that the blockade of the Corihuarmi mine in Peru has been lifted and operations have resumed. The Company and members of the Atcas Community met and successfully resolved the outstanding issues raised by the Community. In the new agreement, the surface use agreement with the Community is extended through 2018 and the Company reaffirmed its commitment to support local businesses and social programs. The loss of production during the temporary occupation is not expected to have a material impact on the operation.