Iberian Appoints Norman Brewster President and CEO

Iberian Minerals Corp. (TSX VENTURE:IZN) ("Iberian" or the "Company") is pleased
to announce that Mr. Norman Brewster, in addition to Executive Chairman, has
been appointed interim President and Chief Executive Officer of the Company.
Iberian would like to thank departing CEO, Mr. Peter Miller, for his extensive
contributions to the Company during his tenure as CEO and wish him well in his
future endeavors. Mr. Miller will continue as a director, also providing
consulting services to the Company on an ongoing basis, and assisting the
Company and Mr. Brewster during this transition period.


The Company looks forward to closing the acquisition of Compania Minera
Condestable ("CMC") in the near future, as approved by shareholders at the
Special Meeting held December 19th, 2007. On closing of the acquisition, Iberian
will own approximately 92% of CMC, the owner and operator of the Condestable
Mine and lessee of the Raul Mine (collectively the "Condestable Mine") located
90 km south of Lima in Peru. The Condestable Mine has been in continuous
production since 1998. For detailed information in respect of CMC and the
acquisition, as well as the proforma financial information which gives effect to
the closing of the acquistion, please refer to the Management Information
Circulated of Iberian dated November 20, 2007, available at www.sedar.com.


FORWARD LOOKING STATEMENTS: 

This news release contains certain "forward-looking statements" and
"forward-looking information" under applicable securities laws concerning
Iberian's transactions with Trafigura. Except for statements of historical fact,
certain information contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as "plan",
"except", "project", "intend", "believe", "anticipate", "estimate", and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. Assumptions upon which such
forward-looking statements are based included that transactions will be
completed, that all required third party regulatory and governmental approvals
for transactions will be obtained and all other conditions to completion of the
transactions will be satisfied or waived. Many of these assumptions are based on
factors and events that are not within the control of Iberian or Trafigura and
there is no assurance they will prove to be correct. Factors that could cause
actual results to vary materially from results anticipated by such
forward-looking statements include failure to reach definitive agreements in
respect of the contemplated transactions, as well as changes in market
conditions and other risk factors discussed or referred to in the management
information circular of Iberian dated November 20, 2007 and in the annual
Management's Discussion and Analysis for Iberian filed with the applicable
securities regulatory authorities and available at www.sedar.com. Although
Iberian has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such
statements. Iberian undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is cautioned not to
place undue reliance on forward-looking statements.
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