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Iberian Strengthens Management Team

15:11 EDT Thursday, June 12, 2008

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Iberian Minerals Corp. (TSX VENTURE:IZN) ("Iberian")

Iberian is pleased to announce that, as part of an ongoing corporate development strategy, Victoria Vargas has joined Iberian as Vice-President Investor Relations. Ms. Vargas has demonstrated expertise in corporate communications and institutional relationship management. In addition to expertise gained while employed by Alamos Gold Inc., Ms. Vargas also has over 15 years experience gained working with a broad range of mining companies active in Canada and South America, in addition to several advisory board capacities with Peruvian, Mexican and Canadian mining industry organizations and authorities.

Daniel Vanin, President and CEO of Iberian, would like to welcome Ms. Vargas to Iberian, and states "Iberian is pleased to have Victoria join our team, and focus on communicating that Iberian is building to be the next intermediate base metal producer."

Trafigura Beheer B.V., holder of approximately 42% of Iberian's shares, is supportive of Ms. Vargas in her new role. Jeremy Weir, Director of Iberian, Executive Director of Trafigura, states, "Trafigura will endeavour to extend whatever support we can to Ms. Vargas, leveraging our extensive network and relationships within the mining and metals concentrates markets."

In conjunction with her appointment Ms. Vargas has been granted 250,000 options to purchase shares of Iberian at a price of $1.01 per share. The options have a 5 year term and vest over 36 months, 1/3 after 12 months, 1/3 after 24 months, and 1/3 after 36 months. The appointment and issuance of options is subject to customary regulatory approval.

About Iberian Minerals Corp.

Iberian Minerals Corp. is a Canadian-based global copper and zinc company with developing and producing interests in both Spain, the Aguas Tenidas Project and Peru, the Condestable Mine. Iberian Minerals Corp. is well-funded with a strong, experienced management team and a significant partner in it's largest shareholder, Trafigura Beheer B.V.

This press release does not constitute an offer of securities in the United States, Canada or elsewhere. The securities of Iberian have not been, registered under the United States Securities Act of 1933, as emended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

FORWARD LOOKING STATEMENTS:

This news release contains certain "forward-looking statements" and "forwardlooking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "except", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Iberian and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions and other risk factors discussed or referred to in the management information circular of Iberian dated November 20, 2007 and in the annual Management's Discussion and Analysis for Iberian filed with the applicable securities regulatory authorities and available at www.sedar.com. Although Iberian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Iberian undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Iberian Minerals Corp.
Norman Brewster

(416) 815-8558

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.