Minera IRL is a mining company focused on gold exploration and production in Peru. It operates the Corihuarmi Gold Mine and is developing the Ollachea Gold Project. An updated resource estimate extended the mine life of Corihuarmi to 2024. Ollachea has permits and infrastructure in place for an underground mine projected to produce over 800,000 ounces of gold over 11 years. Minera IRL emphasizes community development and has agreements in place to support local communities near its projects.

1. 1
www.minera-irl.com
BVL-CSE: MIRL

2. This presentation has been prepared by Minera IRL Limited (“MIRL”) and, to the best of our knowledge, it is accurate as at the date of the presentation.
However, while we have made every effort to ensure that the information in this presentation is accurate, we caution you, the reader, that this is only a
summary of the information that is currently available, and it is therefore by its nature it is incomplete.
The presentation should not be considered as advice or a recommendation to investors, and interested parties should conduct their own assessment with
their own professional advisors prior to making any investment decisions.
Some of the statements in this document are “forward looking statements”. Forward looking statements are projections of future events or performance. In
some cases, you can identify a forward-looking statement by the use of terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”,
“estimate”, “project”, “predict”, “potential”, “continue” or “will”, or the negative of these or similar terms. Forward-looking statements in this presentation
include the assumptions that Corihuarmi will continue to provide the capital needed to operate the business and advance further technical work required for
Ollachea, information about the nature, composition, cost and development timeframes for the modified project proposed for Ollachea, CAPEX, expected or
anticipated mining, production and processing rates, cost and efficiencies, gold prices, the possibilities for expansion of the Ollachea resource and the mine
life, as well as the expectation that the Peruvian gold sector will grow by 5.5% in 2021.
Forward-looking statements are only projections, and they are subject to known and unknown risks, uncertainties and other factors. Examples of these risks
include Peru’s ability to contain the COVID-19 crisis, changes in the capital or precious metals markets, and changes to legislative, political, social, health or
economic developments both within Peru and in general. However, these are only risks that we can currently anticipate. These risks, together with other risks
that we cannot currently anticipate, or which we may have failed to identify at the date of this presentation, could cause our or our industry’s actual results,
levels of activity or performance to be materially different from those projected in our forward-looking statements. We caution readers that known and
unknown risks, uncertainties and other factors may cause our Company’s actual results and future performance to be materially different than those expected
or estimated in this presentation, and our projected results, performance or achievements are not guarantees of future performance, results, or achievements.
Minera IRL assumes no obligation, except as may be required by law, to update or revise our forward-looking statements to reflect new events or
circumstances.

3. Structure and Capital
Minera IRL - Registered in Jersey UK
Minera
IRL
Structure
&
Capital
03
Corihuarmi Mine
Compañía Minera Kuri Kullu S.A. (MKK)
Ollachea Project
Minera IRL S.A. (MIRL)
532
Employees
22% of the workforce is
supplied by Communities
Minera IRL Limited Board
Executive Chairman
Gerardo Perez Delgado
CEO - Director
Diego Benavides Norlander
Independent Directors
Martin Mount
Jesus Armando Lema Hanke
Santiago Valverde Espinoza
Senior Management
Chief Financial Officer
Carlos Ruiz de Castilla
Project Manager
Steve Ngatai
Manager, Investor Relations
Pedro Valdez
Manager, Social Responsibility
Magaly Villena
Manager, Communications
Susan Gabbie
231,135,028
Outstanding shares

4. NI 43-101 Scoping Study
completed for Ollachea
2002 -11 2012-14
Drilling program confirms a
substantial new gold discovery
at Ollachea
2010 drill program completed
on the Concurayoc zone,
highlighting a great potential
to increase the Ollachea
resource base
Corihuarmi capital and
development investment
recovered by October 2008
Corporate
Minera
IRL
Development
04
MIRL Development Corihuarmi Mine Ollachea Project
Courtney Chamberlain and
Diego Benavides founded
Minera IRL
Acquisition of the Corihuarmi
Project
NI 43-101 compliant
Feasibility Study completed for
Corihuarmi
Minera IRL began trading on
Lima Stock Exchange
BVL:MIRL
NI 43-101 compliant Feasibility
Study completed for the
Ollachea Project
30-year surface rights
agreement that grants a 5%
interest to the community of
Ollachea once commercial
production begins
Corihuarmi continues to
perform well above
expectations
Corihuarmi mine life extended
to mid 2013 Successful construction of the
1.2 km Ollachea exploration
tunnel
Construction permit to build
Ollachea Gold Mine granted and
the Environmental and Social
Impact Assessment approved by
the Ministry of Energy and Mines
of Peru
Commercial production
achieved at Corihuarmi by
March 2008
Acquisition of the Ollachea
Project
5 year surface rights
agreement with Ollachea
Community for exploration

5. 2015-17
05
COVID-19 global pandemic
declared. MIRL strengthened
safety protocols, supported
employees and the community
Annual Sales of gold at
Corihuarmi for 2020 total
US$39 million, the highest since
2012
2018-20
Final Arbitration Award issued
in favor of the Company over its
dispute with COFIDE
Haywood Securities Inc. is
engaged to act as financial
advisor
Updated NI 43-101 compliant
Mineral Resource Estimate
completed for Corihuarmi, with
a Mine Life reported through to
the 3Q of 2024
Formal agreements and trusts
signed with COFIDE and La
Fiduciaria as Trustee
MIRL began trading on the CSE
(CSE:MIRL)
US$70 million Bridge Loan and
Mandate Letter for up to US$240
million arranged with COFIDE for
Ollachea Project Financing
Successful completion of the
Minapampa Far East drilling
program confirming that gold
mineralization at Ollachea
extends to the east and at depth
COFIDE revoked the mandate with
the Company to structure the
senior debt for up to US$240
million for the development of the
Ollachea Gold Project
MIRL Development Corporate Corihuarmi Mine Ollachea Project
NI 43-101 Mineral Resource
Estimate filed for the
Corihuarmi Mine
MIRL settles its dispute with
COFIDE and signs a settlement
agreement
2021
Minera
IRL
Development
Corihuarmi produced a total of
24,917 ounces of gold, reaching
annual record sales of US$ 44
million
NI 43-101 compliant
Preliminary Economic
Assessment completed for the
Ollachea Gold Project. Indicated
Mineral Resource Estimate of
10.7 million tonnes at 3.28 g/t
containing 1.13 million ounces
of gold. Inferred Mineral
Resource Estimate of 7.3
million tonnes at 2.7 g/t
containing 0.6 million ounces of
gold

6. Focused on Peru
A Country with a Long Mining History
Minera
IRL
Peru
06
Peru is a leading Player in the Global Mining Industry, it is one of the top ten richest
countries in mineral reserves and one of the world’s largest producers of base and
precious minerals. In 2020, Peru was recognised as the largest producer of gold in
Latin America. Strong growth is estimated for the Peruvian gold sector, with output
expected to grow by 5.5% in 2021 and gold prices at high levels.
5% Gold Global reserves
1st Largest producer of
Gold in Latin America
63.6% Exports are generated
by Mining
Mining Investments in
April 2021, a 34%
increase vs April 2020
US$352MM
Source : Public information Ministry of Energy and Mines

7. Corihuarmi Gold Mine
Ollachea Gold Project
Minera
IRL
Operations
07
PERU
Our Operations
Minera IRL is a mining company focused on the
Exploration and Production of Gold
Location Junin
Mineral Gold
Mine Type Open Pit
Mine Life 3Q 2024
Status in operation (since 2008)
Location Puno
Mineral Gold
Mine Type Underground
Estimated Mine Life 11 Years
Status In Development

8. 8
Corihuarmi Gold Mine
Open Pit Operation / Production
08
NI 43-101 Technical Report for Corihuarmi Mine
● Mining Plus was retained in January 2021, to complete a Mineral Resource
Estimate for Corihuarmi in accordance with the requirements of National
Instrument 43-101 (“NI 43-101”).
● A forecasted gold price of US$ 1500/oz was used for calculating the pit
design and cut-off grade. Mineral resources are estimated at 13.83 million
tonnes with 0.21 Au g/t with a mine life extension to August 2024.
Minera
IRL
Corihuarmi
Gold
Mine
Resource Category
Measured
Tonnes (Mt)
8.00
Au (g/t)
0.20
Au ounces (kt)
51.1
● This new Mineral Resource Estimate confirms our expectations that Corihuarmi
will continue providing the capital needed to operate the business, and advance
further technical work required for Ollachea.
Indicated 5.83 0.22 41.2
Measured & Indicated 13.83 0.21 92.3
Inferred 0.2 0.2 1.50
Source : Corihuarmi NI 43-101 Technical Report dated August 9, 2021
Processing Plant / Corihuarmi Gold Mine

9. Production Areas
Corihuarmi Gold Mine
Minera
IRL
Corihuarmi
Gold
Mine
09
5 km
Operational area
DIANA
EXTENSION
CAYHUA
NORTH
SUSAN
LAURA
CAYHUA
SCREE SLOPE

10. Ollachea is a viable mining project with all key permits in place, the necessary
surface rights purchased and critical-path milestones accomplished.
Development of this gold project considers an underground mine, gravity
concentration and CIL plant designed to treat 1500 tpd over the first three years
ramping up to 3000 tpd in year four.
Fully permitted for
development,
construction and
production.
High Exploration &
Development
Potential Opportunity
to increase the
resource base to the
east and at depth.
Minera
IRL
Ollachea
Gold
Project
10
Exploration tunnel
Ollachea Project Summary
Underground Operation
Strong community
relationships through
precedent setting 30-year
Surface Rights Agreement.
Mine tunnel extending 1.2
kilometers and project site
access roads completed in
2013

11. Interoceanic Highway
Accessible
Power Supply
Site maintenance
activities underway
Local skilled labour
Accesible Water
Supply
Nearby Ports and
Airports
Minera
IRL
Ollachea
Gold
Project
11
Ollachea Project Summary
Underground Operation

12. PRELIMINARY ECONOMIC ASSESSMENT
Minera
IRL
Ollachea
Gold
Project
12
2021
Indicated Resources: 10.7 M/t
Inferred Resources : 7.3 M/t
Production: 65 K Oz/year (1-3 years)
85 K Oz/year (+3 years)
Total Production 876,200 ounces Au
Estimated Mine Life 11 years
• Processing: Gravity Concentration and Carbon-in-Leach
• Production: 1,500 tpd (1-3 years)
3,000 tpd (+3 years)
• Gold Recovery: 90.3% (1-3 years)
86.2% (+3 years)
• Low start-up CAPEX: US$ 89.1 MM (Contingency: 25%)
Mining Plus
Preliminary Economic Assessment as per NI - 43 101
3.0
2.6
2.7
0.2
0.5
0.6
Au Ounces
(Moz)
Au g/t
Inferred
1.8
5.5
7.3
Tonnes (Mt)
3.28
-
3.28
1.13
-
1.13
Au Ounces
(Moz)
Au g/t
Indicated
10.7
-
10.7
Tonnes (Mt)
Minapampa
Minapampa
Far East
Total
Zone
Mineral Resource Estimate for the Minapampa and Minapampa
Far East zones within the Ollachea Project

13. COMMUNITY OF
OLLACHEA
MINAPAMPA FAR EAST
5.5 million tonnes (Inf)
2.6 Au g/t (Inf)
0.5 M OZ (Inf)
10.7 million tonnes ((nd)
3.28 Au g/t (Ind)
1.13 M Oz (Ind)
1.8 million tonnes (Inf)
3.0 Au g/t (Inf)
0.2 M Oz (Inf)
MINAPAMPA
9899
Hectares
A large open
ended orogenic
gold system
Minera
IRL
Ollachea
Gold
Project
13
OLLACHEA
Scale: 1/100 000
Datum WGS84-19S
Main deposit
Deposit
Orogenic Fault
Indicated & Inferred Resources
18.0 million tonnes
(inc. Minapampa Far East)
2021 PEA
Source : Mining Plus PEA as per NI-43 101

14. Strong Project Economics
Minera
IRL
Ollachea
Gold
Project
14
Base Price: US$ 1,600/oz
NPV7%
IRR
Payback Period
LOM Cash Flow
US$ 327 MM
54%
2 years
US$ 580 MM
US$ 189 MM
38%
2.5 years
US$ 353 MM
US$ 430 MM
61%
1.7 years
US$ 746 MM
US$ 253 MM
47%
2.2 years
US$ 456 MM
Pre-Tax After-Tax After-Tax
Pre-Tax
Current Price: US$ 1,800/oz
Financial Model
Start-up CAPEX
Description $millions
Start-up
Mine $27
Process Plant $37
Tailing and Waste Rock Disposal
Owner’s Costs
$5
$2
Start-up Capital Costs Pre-Contingency $71
Contingency (25%)
Total Start-up Capital
$18
$89

15. Production and Cost Profile Chart
AISC
(US$/oz)
80,000
60,000
40,000
20,000
0
YEAR 1
100,000
120,000
YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11
$800
$600
$400
$200
0
$1,000
$1,200
Gold
Production
(ounces)
Gold Production (Ozs) Total AISC Costs (US$/Oz)
Minera
IRL
Ollachea
Gold
Project
15
Source : Ollachea Gold Project – NI 43-101 Technical Report (Preliminary Economic
Assessment) dated August 27, 2021.
Economic Analysis
Revenues (US$MM)
Gold Grade (g/t)
2023
4.18 4.32 4.68 2.99 3.67 2.99 2.80 2.83 2.71 3.01 3.09
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
87
109 117 112
177
144
134 136 130
145
110
Plant
Expansion

16. Minera
IRL
Added
Value
16
RESPONSIBILITY
CORPORATE SOCIAL
“Each community
has its own unique
fingerprint”
Children from the Azaroma Community

17. Strong relationships with
seven communities
Formation of community
businesses for transport,
production of milk products
and services
The communities supply
22 % of the workforce at the
Corihuarmi Mine
15 health, education and
infrastructure programs
The company has supported us with
business formalization and
technical skills improvement”
“
Nilda Marin Poma
Atcas Community Member
Improvement of Knitting Skills Program
The Community
Corihuarmi Gold Mine
Minera
IRL
Added
Value
17

18. Ollachea Gold Project
30 Surface rights agreement
5%
Participating interest in the
mine upon commercial
production
26
Social programs aligned with the
United Nations Sustainable
Development Goals (SDG’s)
Minera
IRL
Added
Value
18
2
National awards granted by the
Peruvian Congress and the
Regional Government of Puno to
the CEO due to his contribution
to economic and social
development of the Puno region
Social programs
benefit approx 65% of
population
The Community
year

19. Assistance with the
formation of Community
transport and construction
companies
Organic horticulture and
reforestation projects
Assisting with the
formalization of local
artisanal miners
Establishment of the
Traditional Music and
Dance Centre
Respect for culture,
traditions and identity
Dialogue and
consensus to obtain
the social license
Participation and
integration in
environmental and social
monitoring
and conservation
Ollachea
Community
In 2018, our community received
more than 22 thousand seedlings
for planting and reforestation
“
Ollachea Community Member
Minera
IRL
Added
Value
19

20. Minera
IRL
Added
Value
20
The Ollachea Music and Dance Centre (CEMDAO) provides
a space where approximately 120 children and teens can
develop their talent supporting the preservation of local
traditions and culture.
Students learn how to play traditional string and wind
instruments, such as Charango and Zampoña, along with
other instruments, including the violin, guitar, accordion
and keyboard. They also learn and take part in traditional
dance from various regions of Peru.
CEMDAO currently offers virtual classes and is preparing
to launch social media platforms which will showcase the
talent of this group of young people.
CEMDAO’s work has been recognized with a National
Social Innovation Award.
Ollachea
CEMDAO

21. Minera
IRL
Added
Value
21
Awarded by the Ministry of Foreign Trade
and Tourism and the Ministry of Culture
Promotes personal and economic
development of approximately 60 women
in Ollachea
Protects the tradition of hand knitting
using fine alpaca wool aiming to turn it
into a self-sustainable production activity
Brings together traditional Peruvian art
and contemporary design. New spring
summer collection @ www.amare.pe
AMARE
Ollachea

22. www.minera-irl.com
Av. Santa Cruz 830, Of. 401 Miraflores
Lima 18 – Peru
(+511) 418-1230
Manager, Investor Relations
Pedro Valdez
pedro.valdez@irl.com.pe
Manager, Communications
Susan Gabbie
susan.gabbie@irl.com.pe