09:11 EST Monday, November 30, 2009

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2009) - Iberian Minerals Corp. (TSX VENTURE:IZN) announced today that it has signed a mandate letter with BNP Paribas, Natixis and Societe Generale, as mandated lead arrangers, for a revolving credit facility of US$50 million and related hedging program for the Company's subsidiary, Minas de Aguas Tenidas, S.A. The proposed facility is to be completed by no later than January 25, 2010, and is conditional upon the mandated lead arrangers' credit approvals, due diligence, regulatory approvals and other usual closing conditions.

Iberian