Minera IRL Announces Grant of Options

Minera IRL Limited (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL), the South American precious metals mining company, announces that a total of 50,000 options over ordinary shares of nil par value in the Company have been granted to Mr. Napoleon Valdez, non-executive director.

The press release is quoted as saying:

The Options are exercisable with immediate effect for 5 years at 72.5 pence per share, being a 25% premium to the closing price on 1 July 2010 of 58 pence per share.

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