Mr. Greg Pendura reports

IBERIAN MINERALS RELEASES YEAR END FINANCIALS AND MDNA

Iberian Minerals Ltd. has released its audited financials for the fiscal year ended Dec. 31, 2014, and the management discussion and analysis. The documents are now available to be read on SEDAR.

Recent highlights

In March, 2015, Iberian Minerals sold its 100-per-cent interest in the Alberta-1 tin, tantalum and lithium project, located in the region of Galicia, northwestern Spain, to an arm's-length party for a total purchase price of five million euros, or approximately $7-million in cash. The company received conditional regulatory approval on the transaction from the TSX Venture Exchange on March 17, 2015, and is anticipating completion of the transaction and final exchange approval in the very near term.

On March 3, 2015, Iberian Minerals delivered notice for the early redemption of the non-convertible debentures, retiring the total principal amount of $625,000 plus interest. This resulted in an immediate cost savings on debt service, providing the company with sufficient working capital to advance the Cehegin iron ore project on an expedited basis.

As a result of these two activities, the company no longer has any debt and, on completion of the Alberta-1 transaction, is expected to have approximately $6-million in the bank and available for project development at Cehegin, as well as for the acquisition and development of other suitable projects.

Iberian Minerals has now commenced a work program on the Cehegin iron ore project. This will include a high-resolution airborne magnetic survey with the objective of confirming and defining the extent of several additional targets that have been identified through the data compilation program. These targets exhibit similar geological features to the previously mined region of Cehegin and are interspersed throughout the project. This information will allow the company to identify additional iron targets for the coming reconnaissance drill program, which will follow once the results of the aeromagnetic survey are confirmed.

"Iberian Minerals has entered 2015 by realizing major key objectives which have significantly improved the company's working capital position," stated Greg Pendura, president and chief executive officer. "The recent disposal of the Alberta-1 asset and the consequential inflow of approximately $7-million in funds have placed the company in a position of rapid growth. The depressed market situation has caused many resource companies to be unable to raise capital for project development. Iberian Minerals is now in the unique position to acquire high-quality projects under very favourable circumstances. These new acquisitions, which are currently being analyzed, will be moved together with the projects already under the company's control, through initial development stages either into production or more likely to disposal to medium-sized producers."

The company will be looking to develop a series of new projects within the Iberian peninsula, utilizing its well-respected and knowledgeable employees and consultants based locally who have already proved their credentials with the number of projects already brought to the company.