Mr. Greg Pendura reports

IBERIAN MINERALS ANNOUNCES PROPOSED SALE OF ALBERTA 1 PROJECT

Iberian Minerals Ltd., formerly Solid Resources Ltd., has entered into a definitive purchase and sale agreement with an arm's-length third party with respect to the company's 100-per-cent interest in the Alberta 1 project. The company's Alberta 1 project is a tin, tantalum and lithium exploration project located in the region of Galicia, northwest Spain, which is the subject of an exploration permit covering 123 mining units.

Iberian will sell its 100-per-cent interest in the Alberta 1 project for a total purchase price of five million euros, or approximately $7-million, in cash, all of which is payable by closing. The completion of the proposed transaction is subject to certain limited conditions, including all applicable regulatory approvals. The closing of the sale is expected to occur no later than April, 2015. In the unlikely event the purchaser, after using its best efforts, and exhausting all legal and regulatory recourse over a period of many years, is unable to obtain a mining permit for the project, the company would be required to refund one million euros to the purchaser.

We seek Safe Harbor.