Mr. Karim Rayani reports

INSIDER HOLDING CLARIFICATION KARIM RAYANI

Following a review by the B.C. Securities Commission, Ibero Mining Corp. has issued the following press release to clarify disclosure in the management information circular filed May 17, 2024, with regard to beneficial ownership of common shares reported for Karim Rayani. Mr. Rayani's reported holdings in the circular did not match his actual holdings. As of the date of this press release, Mr. Rayani's filings on the System for Electronic Disclosure by Insiders are now current, and he holds 975,000 common shares of the company directly and 6,354,000 common shares of the company indirectly. The company states that all represented shareholdings for Mr. Rayani are accurate and that filings for insiders and officers of the company are available on SEDI.

We seek Safe Harbor.