TIDMMIRL TIDMHIF 
 
RNS Number : 4728E 
Minera IRL Limited 
21 December 2009 
 

 
 
 
 
 
 
 
Minera IRL Limited 
("Minera IRL" or "the Company") 
 
 
Hidefield Gold Limited 
("Hidefield") 
 
 
Minera IRL Acquisition of Hidefield Effective 
 
 
 
 
 
 
London, 21 December, 2009:Minera IRL and Hidefield are pleased to announce that 
further to the announcement 
released on 20 October 2009, all of the 
conditions to the scheme of arrangement ("Scheme") between Hidefield and its 
shareholders have been satisfied and the Scheme has become effective as of 
today. 
 
 
The key assets in this transaction are the Don Nicolas Project where 
approximately 360,000 ounces of gold has been defined and a large exploration 
holding of some 250,000 hectares containing a number of promising exploration 
prospects.  These are located in the mining friendly state of Santa Cruz in 
Southern Argentina. 
 
 
Courtney Chamberlain, Executive Chairman of Minera IRL stated: "The completion 
of the Hidefield transaction provides Minera IRL with an excellent opportunity 
to extend its business of gold mining, development and exploration into 
Argentina. We believe there is excellent potential to extend the resource base 
at the Don Nicolas Project and to advance this project rapidly toward 
development. To achieve this, and also explore for new discoveries within this 
emerging gold district, the Minera IRL Board has approved a substantial budget 
of approximately US$5 million for 2010.The Board of Directors will also be 
strengthened with the inclusion of Kenneth Judge, the former Chairman of 
Hidefield.  I extend him a warm welcome." 
 
In accordance with the Scheme, a total of 9,767,291 new shares of Minera IRL 
("New Minera Shares") were issued today to Hidefield Shareholders on the 
register at 6.00 p.m. (UK) on 17 December 2009 ("Scheme Shareholders") on the 
basis of 1 New Minera Share for every 42 Scheme Shares held at that time.  The 
New Minera Shares will rank pari passu with the existing issued ordinary shares 
of Minera IRL and trading of these shares on AIM is expected to commence at 
8:00 a.m. (UK) on 22 December 2009. 
 
 
The total number of Minera IRL ordinary shares in issue following this issue is 
85,575,173. 
 
 
The CREST accounts of Scheme Shareholders holding Scheme Shares in 
uncertificated form are expected to be credited on 22 December 2009.  Share 
certificates for the New Minera Shares will be dispatched to Scheme Shareholders 
holding Scheme Shares in certificated form on or before 5 January 2010. 
 
 
Hidefield Shares are currently suspended from trading on AIM and Hidefield has 
applied for their admission to AIM to be cancelled on 22 December at 7:00 a.m. 
(UK).  Euroclear UK & Ireland Limited, as operator of the CREST system, will be 
instructed to cancel Scheme Shareholders' entitlements to Scheme Shares held in 
uncertificated form.  All certificates representing Scheme Shares have ceased to 
be valid. 
 
 
 
 
Any term used but not defined in this announcement is as defined in the scheme 
document sent to shareholders of Hidefield on 3 November 2009. 
 
 
 
 
For more information contact: 
 
 
+------------------------------------------+-------------+-----------------------+ 
| Minera IRL                                             |         +511 4181230  | 
| Courtney Chamberlain, Executive Chairman               |                       | 
| Trish Kent, Vice President, Corporate Relations        |                       | 
|                                                        |                       | 
+--------------------------------------------------------+-----------------------+ 
| Hidefield                                              |   +44 (0) 7733001002  | 
| Ken Judge, Chairman                                    |                       | 
+--------------------------------------------------------+-----------------------+ 
| Arbuthnot Securities (Nominated Adviser  |             |  + 44 (0)20 7012 2000 | 
| & Broker to Minera IRL, London)          |             |                       | 
+------------------------------------------+-------------+-----------------------+ 
| John Prior                                             |                       | 
| Edward Burbidge                                        |                       | 
|                                                        |                       | 
+--------------------------------------------------------+-----------------------+ 
| Fox-Davies Capital (Co-broker to Minera IRL London)    | + 44 (0)20 7936 5200  | 
+--------------------------------------------------------+-----------------------+ 
| James Hehn                                             |   +44 (0)20 7601 6100 | 
| Westhouse Securities (Financial Adviser, Nominated     |                       | 
| Adviser & Broker to Hidefield)                         |                       | 
| Tim Feather or Matthew Johnson                         |                       | 
+--------------------------------------------------------+-----------------------+ 
|                                                        | + 44 (0)20 7367 8888  | 
| Bankside Consultants (Financial PR, London)            |                       | 
+--------------------------------------------------------+-----------------------+ 
| Simon Rothschild                                       |                       | 
+--------------------------------------------------------+-----------------------+ 
| Louise Mason                                           |                       | 
|                                                        |                       | 
|                                                        |                       | 
+--------------------------------------------------------+-----------------------+ 
| Synergy Asociados (Public Relations, Lima)             |       + 511 628 6300  | 
+--------------------------------------------------------+-----------------------+ 
| Magaly Villena                                         |     + 511 99855 2232  | 
+------------------------------------------+-------------+-----------------------+ 
 
 
Minera IRL Limited ("MIRL") is the AIM and BVL, Lima, Peru listed holding 
company of precious metals mining and exploration companies focused in Latin 
America. MIRL is led by an experienced senior management team with extensive 
industry experience, particularly in operating in South America. The Group 
operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in 
Peru. 
 
 
www.minera-irl.com 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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