Iberian Minerals Corp.

Iberian Minerals Corp.

July 18, 2007 15:46 ET

Iberian Minerals Corp. Announces Addition to Management

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Iberian Minerals Corp. (TSX VENTURE:IZN) (the "Company") is pleased to announce that Mr. Harvey McKenzie has joined the Company. Mr. McKenzie is a chartered accountant with over 35 years of professional experience in public and private companies, with extensive experience in the mining industry. After a transition period, Mr. McKenzie will replace Mr. Leo O'Shaughnessy as Chief Financial Officer of the Company, who, after a successful tenure as CFO, will be leaving the Company for personal reasons. Management would like to both thank Mr. O'Shaughnessy for his contributions with sincere best wishes in his future endeavours, and welcome Mr. McKenzie to the Company. Subject to regulatory approval, Mr. McKenzie has been granted options to purchase 100,000 common shares at a price of $1.66 per share. These options vest over an 18 month period and expire July 18, 2012.

About Iberian Minerals Corp.

Iberian Minerals Corp., through its wholly owned subsidiary MATSA, is currently proceeding with the re-opening of the Aguas Tenidas copper/zinc project located in the Region of Andalucia, SW Spain. In January 2006, a feasibility report on the project was prepared by SRK Consulting of Cardiff UK, which demonstrated the technical feasibility and economic viability of the project (press release January 20, 2006). Elements of this feasibility report have been updated by Adam Wheeler and RSG Consulting Pty Ltd. (press release of May 22, 2007), which is available at www.sedar.com. The Company has also signed a long-term offtake agreement with Trafigura Beheer AG for the sale of all its metal concentrates from Aguas Tenidas.

In addition to the Aguas Tenidas project the Company, through MATSA, holds an extensive land position of exploration properties within the Iberian Pyrite Belt.

Iberian Minerals Corp. trades on the TSX-V under the symbol IZN.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

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

Contact Information

  • Iberian Minerals Corp.
    Peter Miller
    (416) 815-8558
    Iberian Minerals Corp.
    Norm Brewster
    (416) 815-8558