TIDMHIF 
 
Minera IRL Limited 
                        (?Minera IRL? or ?the Company?) 
 
                             Hidefield Gold Limited 
                                 (?Hidefield?) 
 
                 Mineral 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  & 
 Broker to Minera IRL, London)                           + 44 (0)20 7012 2000 
 
 John Prior 
 Edward Burbidge 
 
 Fox-Davies Capital (Co-broker to Minera IRL London)       + 44 (0)20 7936 5200 
 
 James Hehn 
 
 Westhouse   Securities  (Financial  Adviser,  Nominated 
 Adviser & Broker to Hidefield) 
 Tim Feather or Matthew Johnson                             +44 (0)20 7601 6100 
 
 Bankside Consultants (Financial PR, London)               + 44 (0)20 7367 8888 
 
 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                                  <http://www.minera-irl.com/> 
 
 
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