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Iberian Minerals Corp. Announces Senior Management Appointment

09:15 EST Tuesday, November 18, 2008

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2008) - Iberian Minerals Corp. (TSX VENTURE:IZN) Iberian ("Iberian") announces that, as part of its continuing corporate development strategy, David Poynton has joined Iberian as Senior Vice-President, General Counsel and Corporate Secretary.

Mr. Poynton has over 20 years of legal experience in private practice, primarily focusing on the mining industry. With a solid background in corporate and commercial business law, ranging from day-to-day advice to structuring and implementation of complex domestic and global M&A and financing transactions, Mr. Poynton has a unique understanding of the industry, and the issues that face the industry.

Daniel Vanin, President and CEO of Iberian said: "We are excited to have David join our team, as we move forward in our goal to become a global intermediate base metal producer."

Mr. Norman Brewster, Chairman, added, " Mr. Poynton has invaluable skills and talents, both on the legal and business advice fronts, that will advance our interests in the global mining and metals concentrates markets."

In conjunction with his appointment Mr. Poynton has been granted 350,000 options to purchase shares of Iberian at a price of $0.80 per share. The options have a 5 year term and vest over 24 months, one-third immediately, one-third after 12 months, and one-third after 24 months. The appointment and issuance of options is subject to regulatory approval.