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Iberian Minerals Corp. Appoints New President and CEO

07:31 EDT Monday, April 14, 2008

TORONTO, ONTARIO--(Marketwire - April 14, 2008) - Iberian Minerals Corp. (TSX VENTURE:IZN) ("Iberian") -

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Iberian is pleased to announce the appointment of Daniel G. Vanin P.Eng as the company's new President and Chief Executive Officer effective 2nd June, 2008. At that time Mr. Vanin will replace Norman Brewster who is currently the Interim President and Chief Executive Officer. Mr. Brewster will remain Executive Chairman of Iberian.

Mr Vanin has worked in the mining industry for over 31 years and brings strong international mine development and management skills with extensive experience in South America, Africa, Russia and Canada. Mr. Vanin has held senior executive and operational positions with Cambior Inc, RBG Resources PLC, Glencore, Lac Minerals Ltd and most recently was Chief Operating Officer at High River Gold Mines.

Mr. Vanin has expertise in both underground and open pit mines and also possesses experience in dealing with metals trading companies. Mr. Vanin is a graduate of McGill University with a degree in mining engineering. Mr. Vanin will be appointed to the Iberian board of directors concurrently with assuming his duties as President and Chief Executive Officer.

Norman Brewster, Executive Chairman of Iberian, commented: "Daniel's highly valued skills and experience are exactly what the company requires as we continue expanding our business operations in both Europe and South America."

Daniel Vanin states "I welcome the opportunity to transition Iberian from a successful exploration company to a multi mine mid-tier non ferrous metals producer."

Jeremy Weir, Iberian Director and Executive Director of Trafigura Beheer B.V., which holds approximately 42% of Iberian, said: "With Daniel's appointment, Iberian gains the right man at the right time. I'm fully confident that the company will enjoy increased success under his leadership."

This appointment is subject to customary regulatory approvals. Prior to June 2nd 2008 Mr. Vanin will enter into a consulting agreement with the Company to deal with certain transitional matters.

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, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities 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 "forward-looking 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. Assumptions upon which such forward-looking statements are based included that transactions will be completed, that all required third party regulatory and governmental approvals for transactions will be obtained. 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.Norm BrewsterExecutive Chairman(416) 815-8558

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