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.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contacts: Iron Creek Capital Corp. Michael Winn President (604) 682-1545 (604) 682-1514 (FAX) Email: info@ironcreekcapital.com Website: www.ironcreekcapital.com