Breaking News

Iberian Minerals Announces Granting of Options

09:01 EDT Friday, June 19, 2009

TORONTO, ONTARIO--(Marketwire - June 19, 2009) - Iberian Minerals Corp. (TSX VENTURE:IZN) announced today that a total of 2,875,000 options to acquire commons shares of the Company have been issued to directors, officers and employees at a exercise price of $0.55 per common share. All options are non-assignable and have a five year term. For directors, options vest immediately, while options for officers and employees vest over three years as to one-third each year, commencing one year after the date of grant.

There are now a total of 10,070,000 options to acquire common shares outstanding pursuant to the Company's Stock Option Plan.

About Iberian Minerals Corp.

Iberian Minerals Corp. is a Canadian-based global base metals company with interests in Spain and Peru. The Condestable Mine located in Peru approximately 90 km south of Lima operates at 2.2 million tonnes per year producing copper concentrates that also have associated silver and gold. The Aguas Tenidas Mine is in the Andalucia region of Spain approximately 110 km north-west of Seville. Ramp-up continues on a 1.7 million tonnes per year underground mine and concentrator that will produce copper, zinc and lead concentrates that also contain gold and silver.