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Iberian Announces Corporate Changes and Grant of Options

16:30 EDT Wednesday, October 01, 2008

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2008) - Iberian Minerals Corp. (TSX VENTURE:IZN) Iberian Minerals Corp. ("Iberian" or the "Company") announces that Norman Brewster who was previously the Executive Chairman of the Company has resigned that position but will continue as non-executive Chairman of the Company.

Iberian also announces a grant of incentive stock options to Philippe Blavier following his recent appointment to the Board of Directors (see release dated September 8th, 2008). Mr. Blavier has been granted options to purchase up to 100,000 common shares of Iberian at an exercise price of $0.80 per share with a five-year expiry term.

Mr. Blavier has also been appointed as Chairman of the Company's Audit Committee and a member of the Remuneration Committee of the Company.

About Iberian Minerals Corp.

Iberian Minerals Corp. is a Canadian-based global copper and zinc company with developing and producing interests in 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 its 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 amended, 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.

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