Minera IRL Limited announced the appointment of Dr. Diego Benavides as interim CEO and Mr. Robin Fryer as an independent non-executive director of the Company with immediate effect. Dr. Benavides is a founding executive of the Company and has to-date held the following positions in the Company's subsidiaries: Executive President/General Manager of Minera IRL S.A. (Peru) and Compañía Minera Kuri Kullu S. A (Peru); Chairman of the Board of Minera IRL Argentina S.A. and Minera IRL Chile S.A. He is a lawyer by training with extensive experience in the Latin American mining industry. Mr. Fryer had a long and distinguished career with Deloitte LLP where he led the global mining and metals industry practice.

He is an independent non-executive director and chair of the audit committee of Shanta Gold Limited.