EX-99.1
2
exhibit99-1.htm
PRESS RELEASE DATED FEBRUARY 21, 2008
Filed by Automated Filing Services Inc. (604) 609-0244 - Ireland Inc. - Exhibit 99.1
For Immediate Release
IRELAND INC. COMPLETES ACQUISITON OF COLUMBUS PROJECT
HENDERSON, Nevada - February 21, 2008 - Ireland Inc. (OTC BB:
IRLD) ("Ireland"), a mining exploration and development company focused on the
extraction of precious and base metals from mineral deposits in the Southwestern
United States, today announced that it has completed the acquisition of Columbus
Brine Inc. ("CBI"). As a result of completing the acquisition of CBI, Ireland
now owns 100% of the "Columbus Project", located in Esmeralda County,
Nevada.
The acquisition was completed by merging CBI with Ireland's
wholly-owned subsidiary, CBI Acquisition Inc. In exchange for the outstanding
shares of CBI, Ireland issued 10,440,087 shares of its common stock and
5,220,059 share purchase warrants.
"We are very pleased to have completed the acquisition of the
Columbus Project", stated Douglas Birnie, Chief Executive Officer of Ireland
Inc. "We are also very encouraged with the progress of our technical program, to
date, and with the recent completion of the first phase of our mill site
facility upgrades. We look forward to the commencement of our pilot process
testing to determine commercial feasibility. We completed our first drilling
program in our permitted mine site during the fourth quarter of 2007 and are
evaluating initial assay results. We have also submitted applications to
continue with our exploratory drilling program outside of the currently
permitted mine site to determine potential project resources".
The Columbus Project is located over the Columbus Salt Marsh in
Esmeralda County, Nevada, approximately 45 miles from Tonopah. The project
consists of approximately 43,000 acres of placer mining claims, 60 acres of mill
site claims and an approved Plan of Operations to mine and process on 380 of
these acres. Included are a 15,000 sq. ft. processing plant, water rights and 80
acres of private land. The current permit allows for mining to 25 feet in depth,
processing up to 78,000 tons per year, and the production of calcium carbonate
and precious metals.
For additional information on Ireland and Ireland's acquisition
of CBI, please refer to Ireland's filings with the US Securities and Exchange
Commission.
About Ireland Inc.
Ireland Inc. (IRLD) ("Ireland") is a mining exploration and
development company that is focused upon the extraction of precious and base
metals from mineral deposits in the Southwestern United States.
In 2007, Ireland acquired rights to acquire up to 100% of two
mining properties, both of which are prospective for gold and other minerals.
The Company has now completed
the acquisition of 100% of the Columbus Project and maintains
an option to acquire up to 100% of the Red Mountain Project in San Bernardino
County, California. Having raised $13 million in equity financing during 2007,
Ireland believes it is well-positioned to move forward with its development
program on both projects.
The Company is headquartered in Henderson, Nevada, and its
common stock trades on the OTC Bulletin Board under the symbol "IRLD".
Forward-Looking Statement
This document may include statements that constitute
"forward-looking" statements, usually containing the words "believe",
"estimate", "project", "expect", or similar expressions. Forward-looking
statements inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements. Factors that
could cause or contribute to such differences include, but are not limited to,
Ireland's limited operating history, future trends in mineral prices, the
availability of capital, geological or mechanical difficulties affecting
Ireland's planned geological work programs, uncertainties surrounding estimates
of mineralized material and other risks detailed in Ireland's filings with the
U.S. Securities and Exchange Commission. By making these forward-looking
statements, Ireland undertakes no obligation to update these statements for
revisions or changes in the future.
For Additional Information, Contact:
Douglas Birnie, CEO at (702) 932-0353
http://www.irelandminerals.com

EX - 99 . 1 2 exhibit99 - 1 . htm PRESS RELEASE DATED FEBRUARY 21 , 2008 Filed by Automated Filing Services Inc . ( 604 ) 609 - 0244 - Ireland Inc . - Exhibit 99 . 1 For Immediate Release IRELAND INC . COMPLETES ACQUISITON OF COLUMBUS PROJECT HENDERSON , Nevada - February 21 , 2008 - Ireland Inc . ( OTC BB : IRLD ) ( " Ireland " ) , a mining exploration and development company focused on the extraction of precious and base metals from mineral deposits in the Southwestern United States , today announced that it has completed the acquisition of Columbus Brine Inc . ( " CBI " ) . As a result of completing the acquisition of CBI , Ireland now owns 100 % of the " Columbus Project " , located in Esmeralda County , Nevada . The acquisition was completed by merging CBI with Ireland 's wholly - owned subsidiary , CBI Acquisition Inc . In exchange for the outstanding shares of CBI , Ireland issued 10,440,087 shares of its common stock and 5,220,059 share purchase warrants . " We are very pleased to have completed the acquisition of the Columbus Project " , stated Douglas Birnie , Chief Executive Officer of Ireland Inc . " We are also very encouraged with the progress of our technical program , to date , and with the recent completion of the first phase of our mill site facility upgrades . We look forward to the commencement of our pilot process testing to determine commercial feasibility . We completed our first drilling program in our permitted mine site during the fourth quarter of 2007 and are evaluating initial assay results . We have also submitted applications to continue with our exploratory drilling program outside of the currently permitted mine site to determine potential project resources " . The Columbus Project is located over the Columbus Salt Marsh in Esmeralda County , Nevada , approximately 45 miles from Tonopah . The project consists of approximately 43,000 acres of placer mining claims , 60 acres of mill site claims and an approved Plan of Operations to mine and process on 380 of these acres . Included are a 15,000 sq. ft. processing plant , water rights and 80 acres of private land . The current permit allows for mining to 25 feet in depth , processing up to 78,000 tons per year , and the production of calcium carbonate and precious metals . For additional information on Ireland and Ireland 's acquisition of CBI , please refer to Ireland 's filings with the US Securities and Exchange Commission . About Ireland Inc . Ireland Inc . ( IRLD ) ( " Ireland " ) is a mining exploration and development company that is focused upon the extraction of precious and base metals from mineral deposits in the Southwestern United States . In 2007 , Ireland acquired rights to acquire up to 100 % of two mining properties , both of which are prospective for gold and other minerals . The Company has now completed the acquisition of 100 % of the Columbus Project and maintains an option to acquire up to 100 % of the Red Mountain Project in San Bernardino County , California . Having raised $ 13 million in equity financing during 2007 , Ireland believes it is well - positioned to move forward with its development program on both projects . The Company is headquartered in Henderson , Nevada , and its common stock trades on the OTC Bulletin Board under the symbol " IRLD " . Forward - Looking Statement This document may include statements that constitute " forward - looking " statements , usually containing the words " believe " , " estimate " , " project " , " expect " , or similar expressions . Forward - looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward - looking statements . Factors that could cause or contribute to such differences include , but are not limited to , Ireland 's limited operating history , future trends in mineral prices , the availability of capital , geological or mechanical difficulties affecting Ireland ' s planned geological work programs , uncertainties surrounding estimates of mineralized material and other risks detailed in Ireland 's filings with the U . S . Securities and Exchange Commission . By making these forward - looking statements , Ireland undertakes no obligation to update these statements for revisions or changes in the future . For Additional Information , Contact : Douglas Birnie , CEO at ( 702 ) 932 - 0353 http://www.irelandminerals.com