Mr. Greg Pendura reports

IBERIAN MINERALS REPORTS ON DETAILS OF THE ANNUAL AND SPECIAL MEETING

Iberian Minerals Ltd. held its annual and special meeting on Aug. 25, 2016. All of the resolutions proposed to the shareholders detailed in the notice of annual general meeting of Iberian Minerals dated July 29, 2016, were duly passed.

Resolutions which were passed included:

• The following six (6) incumbent directors were re-elected for the coming year:
  • Greg Pendura;
  • Akiva Borenstein;
  • Darcy Thiele;
  • Brent Fleischhacker;
  • Rick Purdy;
  • Duane Nelson;
• The reappointment of K.R. Margetson Ltd., chartered accountants, as Iberian Minerals' auditor;
• Approval of the advance-notice bylaw, Section 11;
• Approval to change the name of the corporation at a future date, if so determined by the board of directors.

With the recently announced corporate updates, the company has retained the services of Renmark Financial Communications Inc. to support its investor relation and public relation activities for a monthly retainer of $2,500 commencing Sept. 1, 2016.

Iberian also announces that its second quarter financial results have been released and are available on the company's website and SEDAR.