IRN

Iron Creek Capital Corp. (TSX VENTURE:IRN) announces that the Company has signed
a binding letter of intent with Hochschild Mining Holdings Limited, a subsidiary
of Hochschild Mining plc (collectively, "Hochschild") whereby Hochschild has an
option to acquire a 60% interest in a precious metals area located within the
Company's Vaquillas Project in Chile. In accordance with the terms of the letter
of intent, Hochschild has agreed to make a cash payment of US$750,000 to Iron
Creek on signing, and has subscribed for by way of private placement 2.0 million
common shares of Iron Creek at $0.50 per share, for total proceeds of $1.0
million. The private placement is subject to regulatory approval.


In order to earn its 60% interest in the property, Hochschild must incur a total
of US$6.0 million in exploration expenditures on the Project by December 31,
2013. Of the $6.0 million, Hochschild has a firm commitment to incur $750,000 on
the property by December 31, 2009.


The Vaquillas Project covers approximately 51,400 hectares in the porphyry
copper belt of northern Chile. Vaquillas is prospective for copper and precious
metal mineralization, given its proximity to the Domeyko Fault Zone, a
controlling feature to many of the world's largest copper deposits.


About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based mineral exploration company
engaged in the acquisition and exploration of precious and base metals projects
in Chile.


About Hochschild

Hochschild is a leading precious metals company listed on the London Stock
Exchange (HOCM.L for Reuters / HOC LN for Bloomberg) with a primary focus on the
exploration, mining, processing and sale of silver and gold.


ON BEHALF OF THE BOARD

Michael Winn, President

Neither Hochschild Mining plc nor any of its subsidiaries accepts any
responsibility for the adequacy or inadequacy of the disclosure made in this
news release and any such responsibility is hereby disclaimed in all respects.

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