Minera IRL Limited report assay results from the final drill holes completed as part of the Diamond Drill ("DDH") Program started in July 2022 at the Company's producing Corihuarmi Gold Mine ("Corihuarmi") located in central Peru. Highlights of the final diamond drill holes include: D22-17,7, 7.70 m of oxides from 35.80 m depth assaying 0.75 gramsu per tonne ("g/t Au"), and 1.1.30 m of oxides from 64.70 m depth assaying 0.37 g/t Au. DDH22-19, 2.65 m of oxides from 10.35 m depth assaying 0.30 g/t Au.

DDH22-23, 1.55 m of oxides from 58.40 m depth assaying 0.34 g/t Au. Further to the DDH Program, the Company has recently launched a two-phase long-hole ("LH") drilling campaign targeting specific areas within the mining concessions that are reported to contain coarse gold mineralization with grades in the range of 0.13 g/t Au to 0.24 g/t Au. This LH drilling campaign has been primarily designed for: Genatining an additional database to supplement Reverse Circulation and DDH da as part of the current efforort to update the Mineral Resource Estimate.

Optimizing the blending process by placing high grade fine material and low to medium grade coarse material at the leach pads in an effort to improve gold recoveries. Updating the mine plan and design aimed to increase gold production in 2023 and lower operational costs by maintaining low strip ratios and reducing haul distances to the leach pads. Pha I ofof the LH drilling campaign commenced during the last week of November 2022 and consists of1 drill holes,s, totaling over 1,680 metres.

The Company anticipates that Phase II will begin halfway through February 2023 and will consist of 24 drill holes, totaling over 625 metres. The Company plans to release the results as the drilling campaign advances. Qualified PersonMartin Mount, Independent Director of Minera, is a Fellow of the Geological Society of London (& Registered CGeol), a Fellow of the Institute of Materials, Metals & Mining (& Registered CEng), and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Mr. Mount has reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data. Quality Assurance and Quality Control Procedures Disclosure Thorough QA/QC protocols are followed in the Corihuarmi Gold Mine, including insertion of duplicate, blank and standard samples in all drill hole sampling. All samples are analyzed by Certimin Laboratories in Lima, Peru.

Analysis is conducted on 50 g aliquots. Analysis of Au is carried out using fire assay method with atomic absorption (AA). Certimin has been servicing the Peruvian mining industry for 21 years.