IKN

Here’s the NR, here’s the text:

February 3, 2016

Minera IRL Limited:
Resignation of Nominated Adviser and Update on Suspension

LIMA, PERU–(Marketwired – Feb. 3, 2016) – Minera IRL Limited
(“Minera IRL” or the “Company”) (AIM:MIRL)(BVLAC:MIRL)
announces that Canaccord Genuity Limited (“Canaccord”), the Company’s
existing Nominated Adviser, has pursuant to its Nominated Adviser and Broker
Agreement (the “Agreement”) given the Company 30 days’ notice of the
termination of the Agreement. Canaccord will therefore cease to act as the
Company’s Nominated Adviser and Broker from 3 March 2016. The Company has
commenced the search for a replacement Nominated Adviser.

The Company has been suspended from trading on AIM since 21 September 2015.
Under the AIM Rules for Companies, the admission to trading on AIM of the
Company’s shares will be cancelled should it remain suspended for six months.

The Company must therefore appoint a replacement Nominated Adviser and
re-commence trading on AIM on or before 21 March 2016 in order to maintain its
admission to AIM.

The board is addressing the matters that led to the suspension and
expects to make a further announcement regarding progress within the next week.

PS: In the upside-down world of IRL this is probably a good thing. But with Team Hodges lurking in the background, you never know.