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Message: CORRECTION FROM SOURCE

CORRECTION FROM SOURCE-Iberian Minerals Announces Drill Results From New Zone West Of Aguas Tenidas Mine

Tuesday, October 25, 2011

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2011) -Iberian Minerals Corp. (TSX VENTURE:IZN) would like to correct the following table which appeared in our release dated October 25, 2011. The last column had been erroneously labelled as Gold when it should have been Silver.

Please see the corrected table below.

Hole Length Depth Copper Zinc Lead Silver
m % % % g/t
SD-2bis (Asturiana) 4.00 from 300.00 m 2.80 - - -
AM-3 (Placer Dome) 5.20 from 287.10 m 2.96 4.46 0.85 48.00
5.50 from 297.90 m 0.62 8.87 1.85 79.00
AM-5 (Placer Dome) 3.75 from 304.25 m 2.07 4.74 0.28 25.00
AM-8 (Matsa) 3.00 from 459.60 m 0.42 8.73 2.22 81.65
AM-11 (Matsa) 1.00 from 159.75 m 0.60 3.44 0.79 21.91
AM-12 (Matsa) 4.45 from 220.10 m 6.40 0.70 0.20 21.21
AM-15 (Matsa) 1.85 from 303.60 m 2.16 5.53 0.81 21.91
AM-17 (Matsa) 1.20 from 318.30 m 0.95 4.39 0.46 43.06

About Iberian Minerals Corp.

Iberian Minerals Corp. is a Canadian listed 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, and associated silver and gold in a concentrate. The Aguas Tenidas Mine is in the Andalucia region of Spain approximately 110 km north-west of Seville and operates a 1.7 million tonnes per year underground mine and concentrator that produces copper, zinc and bulk copper/lead concentrates that also contain gold and silver

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