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Clavis

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Files Short Form Prospectus

posted on May 27, 2009 10:55AM

May 27, 2009

Iberian Minerals Files Short Form Prospectus

TORONTO, ONTARIO--(Marketwire - May 27, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES.

Iberian Minerals Corp. (TSX VENTURE:IZN) announced today that it has filed a preliminary short-form prospectus to qualify the common shares of the Company ("Common Shares") issuable upon the exercise of the 76,925,000 special warrants of the Company ("Special Warrants") issued on May 26, 2009.

Each Special Warrant is exercisable into one Common Share. The Company has agreed to use its best efforts to obtain a receipt for a final short-form prospectus qualifying for sale the Common Shares underlying the Special Warrants. In the event that a receipt for a final short-form prospectus is not received on or before July 27, 2009, each unexercised Special Warrant will thereafter entitle the holder thereof to receive, at no additional cost, 1.1 Common Shares (instead of one Common Share).

Iberian also announced that the TSX Venture Exchange has conditionally accepted notice of the proposed re-domicile of the Company by way of continuance to Switzerland. The Company's intention to effect the continuance was previously announced on May 11, 2009 and the continuance is to be considered at the Company's Annual and Special Meeting of Shareholders on June 10, 2009.

About Iberian Minerals Corp.

Iberian Minerals Corp. is a Canadian-based global base metals company with interests in Spain and Peru. The Condestable Mine located in Peru approximately 90 km south of Lima operates at 2.2 million tonnes per year producing copper concentrates that also have associated silver and gold. The Aguas Tenidas Mine is in the Andalucia region of Spain approximately 110 km north-west of Seville. Ramp-up continues on a 1.7 million tonnes per year underground mine and concentrator that will produce copper, zinc and lead concentrates that also contain gold and silver.

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